Finance and Accounts Manager (Vehicle Lease / Rental Company)

CATS Applicant Tracking System; Riyadh; On-site; SAR 70,000 - 90,000; Full time

Job summary

A company in the financial services sector is looking for a Chartered Accountant in the Riyadh Region, Saudi Arabia. The ideal candidate will have over 10 years of experience in financial management, including budgeting and compliance with accounting standards. Experience in the vehicle lease and rental industry is essential. You will be responsible for monitoring financial operations, approving budgets, and guiding a team to prepare annual accounts in accordance with IFRS.

Qualifications

• 10 years of experience in financial management.
• Experience in the Vehicle Lease / Rental industry is mandatory.

Responsibilities

• Study and understand business trends.
• Assess projected profitability and implement strategies.
• Monitor budget variances and report to HOD.
• Guide the team in preparing annual accounts per IFRS.

Skills

Chartered Accountancy

Financial management

Budgeting

Compliance with accounting standards

Team guidance

Education

Chartered Accountant degree

Job description

Responsibilities

• Study and understand business trends; Discuss & obtain inputs from key business heads w.r.t future market outlook;
• Assess projected profitability; Formulate appropriate strategies for operational financial management; Recommend and implement suitable actions;
• Obtain and review monthly accounts & schedules;
• Review annual budgets; Monitor budget variances; Report variances to HOD's;
• Obtain feedback / justifications on negative variances;
• Approve deviations in specific cases;
• Approve vendor/supplier advances in order to facilitate smooth financial operations through effective management.
• Monitor key accounting parameters (profits per division & company, cash flow, overdue debtors, overdue insurance claims);
• Check and verify compliance of accounting standards;
• Liaise with external auditors;
• Facilitate smooth conduct of audit;
• Clarify auditor's concerns with respect to accounting entries; Modify accounts accordingly;
• Guide the team in preparing annual accounts in line with IFRS in order to put in place suitable accounting and auditing mechanisms.

Chartered Accountant with 10 of Experience

Vehicle Lease / Rental Industry Experience is MUST