Manager, Accounting

Nestle; Jeddah; On-site; SAR 300,000 - 520,000; Full time

Job summary

Nestlé in Jeddah is seeking a Manager, Accounting to lead financial reporting, ensure governance, and drive value through solid stewardship across the OPC. You will co-pilot the business by providing timely insights to the leadership team.

The role requires CPA or Masters in Finance/Accounting, 8 years in financial controlling/audit, FMCG or multinational experience, and fluency in English and Arabic. Travel may be required.

Qualifications

• CPA/University Masters Degree in Business Administration, Finance or Accounting.
• 8 years of senior finance/controlling experience in FMCG or multinational environment.
• Experience with ASC/GAAP and local laws is preferred.
• Strong analytics and stakeholder management.

Responsibilities

• Provide monthly visibility on financial performance to leadership team to enable informed decision making across operations and costing teams.
• Ensure accurate, transparent, timely financial accounting records and reporting submissions in compliance with NAS and local standards.
• Drive compliance in local legal, tax and audit requirements with effective internal controls.
• Lead credit reviews, set credit limits, and manage sales orders release decisions.
• Report KPIs/PPIs and cash collection activities to minimize risk and identify issues.
• Maintain relationship with Center of Scale and drive monthly review actions.
• Lead process improvements with IS IT and business improvement teams for value creation.
• Identify cost optimization opportunities in TTS, MOGE, COD.
• Develop finance and non-finance capabilities across the country.

Skills

English proficiency

Arabic proficiency

Leadership/People management

Financial reporting

Internal controls

Education

CPA / Masters in Finance or Accounting

Job description

Title: Manager, Accounting

Location: Jeddah, Saudi Arabia

Main Purpose of Job

Drive the F&C Mission in the Opertaing Company (OPC): Co-pilot the OPC by providing leadership to the business decision-making, Ensure Rock Solid Accounting & reporting, while ensuring the highest standards for stewardship and governance throughout the company and developing skilled professional.

A Day in Life..

• Provide monthly visibility on financial performance to leadership team to enable informed decision making: support Operations, Businesses and Costing teams of the MENA regional office in understanding variances and providing recommandations for the YTG (MOGE, COD, COGS, PFME, PRO, other P&L lines items)

• Responsible for accurate, transparent, consistent and timely Financial Accounting records (PEC) and reporting submissions (statutory and Magnitude), in full compliance with NAS and other corporate and local legal standards.

• Drive Compliance in the OPC relating to local legal, tax and Audit requirements while ensuring that effective internal controls are established, maintained and monitored throughout the company, and understood by all stakeholders.

• Drives and monitors the credit reviews for new and existing customers, the determination of their credit limits and their assignment to risk categories. Accountable for release/reject of sales orders due to credit issues

• Ensures regular and effective reporting of the Key Performance (KPIs/PPIs/HealthChecks) and Credit Management and Collection activities to minimize risk and proactively identify problem areas using analytical tools.Oversee KPIs and PPIs involved in Credit Management and Collections processes

• Manages the relationship with Center of Scale (COS) by driving Total Service Quality Monthly review actions

• Support continuous improvement initiatives are implemented with Center of Scale across R2R services to drive tangible benefits to the business, leveraging NCE methodologies, while addressing market needs and standardization.

• Drive cost optimization and reduction in areas of TTS, MOGE, COD

• Development of Finance and non-Finance capabilities within the country.

• Optimize structural set-up, identify new business models and opportunities and provide different analysis providing an objective viewpoint and holistic perspective to the decision-making processes.

• Drive process improvement to ensure simplicity and efficiency together with IS IT / Business Improvement; keeping all work processes and systems up-to-date in the market, driving in all we do to support value creation.

What will Make you Sucessful?

• CPA/University Masters Degree in Business Administration, Finance or Accounting

• 8 years of prior management experience (e.g. : Financial Controlling, Functional Controlling, Audit)

• Fast moving consumer goods (FMCG) industry experience

• International experience and mobility is an advantage

• Proficiency in English and Arabic

• Experience in a multinational FMCG or consumer goods / distribution company; Big 4 audit background is an advantage.

We are Nestlé, the largest food and beverage company. We are 308,000 employees strong driven by the purpose of enhancing the quality of life and contributing to a healthier future. Our values are rooted in respect: respect for ourselves, respect for others, respect for diversity and respect for our future. With more than CHF 91.4 billion sales in 2018, we have an expansive presence with 413 factories in more than 85 countries. We believe our people are our most important asset, so we'll offer you a dynamic inclusive international working environment with many opportunities across different businesses, functions and geographies, working with diverse teams and cultures. Want to learn more? Visit us at www.nestle.com.

Nestlé is committed to the accessibility of its recruitment process. If you require an adaptation during the recruitment process, please talk to your recruiter so we can support you effectively. All information will be treated confidentially.