Finance Specialist

Adecco Careers; Jeddah; On-site; SAR 150,000 - 200,000; Full time

Job summary

An established industry player is seeking a Finance Specialist to join their team in Jeddah. This strategic role involves assessing and restructuring the finance and accounting function to ensure compliance with local requirements and group standards. The ideal candidate will have over 5 years of experience in finance, preferably within a multinational environment, and will be responsible for cash management, financial reporting, and team development. This is a fantastic opportunity to make a significant impact in a dynamic and growing organization, while working closely with local management and headquarters in France.

Qualifications

• 5+ years in finance, preferably in a multinational environment.
• Experience in cost accounting and cash management.

Responsibilities

• Assess and redesign accounting processes to align with group standards.
• Ensure compliance with local GAAP and group reporting procedures.

Skills

Analytical Thinking

Leadership Skills

Communication Skills

Decision-Making

Knowledge of Local Laws and Tax Regulations

Education

University Degree in Finance or Accounting

Job description

Our Client, a multinational manufacturing company, leader in their sector of activity is looking to appoint a Finance Specialist for a newly acquired entity in Jeddah. This is a strategic assignment to assess, analyse, structure and organize the existing finance and accounting function in compliance with local requirements and in line with the group / HQ standards.

This position will report to local Management as well as to HQ based in France.

The finance specialist will have to work with the existing finance team (team of 3) and ensure delivery of accurate financial information aligned to local requirements and as per group standards:

Organisation and Structure:

1. Assessing current finance and accounting structure
2. Redesigning accounting processes and rolling out control and policies as per group requirement
3. Designing reporting package aligned with local specificities and group requirements

Train and Manage Finance and Administration department by:

1. Ensuring compliance of accounting and reporting principles and processes with local GAAP procedures and Group reporting and procedures
2. Supporting and driving in the preparation, the analysis and justification of the P/L and balance sheet accounts every month
3. Responsible for cash management and treasury
4. Involved in pricing and costing strategies, inventory valuation: develop tools, monitor cost, provide financial analysis to support the business strategic decisions
5. Ensuring the timely production of accurate management, Group and statutory reporting
6. Ensuring the compliance of the entity with the Group Policies
7. Managing tax issues, ensuring the timely production of tax returns, payments and reporting
8. Training and developing existing team to deliver at the requested standard

Experience Required:

1. University Degree in Finance or Accounting
2. 5+ years’ experience in a finance function / BIG 4 preferably within a multinational environment
3. Experience in reporting to a western head office
4. Experience in setting up or restructuring a small finance function
5. Experience in cost accounting and cash management (industrial / manufacturing environment)

Quality and Skills Required:

1. Technical, organised, rigorous and process focused, ability to plan and anticipate
2. Highly developed analytical thinking abilities, conceptual and strategic work
3. Knowledge of local laws and tax regulations
4. Leadership skills and persuasive, team building/training skills
5. Confidence in decision-making, ability to make clear conclusions and express opinions
6. Strong personality with excellent communication skills
7. Business orientation