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Senior Manager – Capital Accounting

Neom

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On-site
SAR 200,000 - 300,000
20 days ago
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Senior Manager – Capital Accounting
Neom
Neom
On-site
SAR 200,000 - 300,000
Full time
20 days ago

Job summary

A future-focused development project in Saudi Arabia is seeking a Capital Accounting Senior Manager to oversee capital accounting activities and ensure proper financial tracking of infrastructure projects. Candidates should have 10+ years of relevant experience, strong knowledge in stakeholder management, and familiarity with SAP and Oracle systems. This role involves both leadership and hands-on financial management responsibilities.

Qualifications

  • 10+ years of experience in project and asset accounting.
  • Significant experience in managing audits.
  • Experience working on large infrastructure or real estate programs.

Responsibilities

  • Manage and deliver the capital accounting team.
  • Coordinate with Commercial and Technical teams for financial management.
  • Ensure projects are monitored and accounted correctly.

Skills

Project and asset accounting
Financial management
Stakeholder engagement
Data analytics
Team leadership

Education

Bachelor’s degree in accounting or relevant field
Relevant qualifications (CA, ACCA, CPA)

Tools

SAP
Oracle
Excel
PowerPoint
Job description
Overview

NEOM is an accelerator of human progress and a vision of what a new future might look like. A region in northwest Saudi Arabia on the Red Sea, NEOM is being built from the ground up to include hyperconnected, cognitive cities, ports, next-generation infrastructure and industries, enterprise zones, research centers, sports and entertainment venues and tourist destinations.

As a destination, it will be a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.

As a workplace, it is a place for people who share our core values of care, curiosity, diversity, passion, respect, and becoming a catalyst for change.

Are you ready to help NEOM find solutions to the world’s most pressing challenges? Are you prepared to create a legacy that benefits generations to come? Then we want to hear from you!

Role Overview

The Capital Accounting Senior Manager is responsible for the management and delivery of the capital accounting team, ensuring the team fully understands capital progress in each Region / Sector and that all assets are fully documented, while acting as an escalation route from the Regions and Sectors. The holder will work closely with Projects and the Businesses to ensure projects are properly monitored and accounted for, and ensure Financial Reporting & Control is proactively engaged with all current developments. The role holder will assist in the development of management systems, processes and procedures to ensure appropriate accounting, reporting and control for all NEOM project activities.

Requirements Summary
  • Assess and execute on identified key priorities for Group Capital Accounting and Financial Control for continued enhancement of capital accounting capabilities
  • Lead your team and ensure it coordinates closely with the Commercial and Technical teams to enable accurate and timely financial management of projects and related contracts, assessing and reporting the costs, key variances, financial status, appropriate categorization and valuation of CWIP and Fixed Assets and ensuring that operational assets are capitalized promptly
  • Ability to use professional knowledge and skills in Transactional & Financial Accounting Principles, including CWIP accounting, cost allocation, account reconciliations and controls, to contribute proactively to continuous improvement of the organization’s accounting, reconciliation processes, policy enhancement and standards
  • Help to create an organizational environment that facilitates close cross functional collaboration with commercial and technical teams to ensure projects are properly tracked and accounted for, especially in relation to the timely recording and reconciliation of incurred costs
  • Work to ensure the Capital accounting team is adequately resourced for planned business activities by NEOM
  • Ensure the Regions and Sectors are reporting consistent financial information and that SAP S/4HANA, PS (Project System) and Oracle PMIS are aligned
Role Competencies & Activities

The Capital Accounting Senior Manager responsibilities will include, but not be limited to:

Stakeholder Management
  • Analyze stakeholders’ needs, interests, and influence to prioritize engagement strategies
  • Develop and implement stakeholder engagement plans tailored to different stakeholder groups
  • Build and maintain strong relationships with stakeholders through regular communication and meetings
  • Act as the primary point of contact for stakeholders, addressing their concerns and providing updates on relevant activities
  • Manage the dissemination of information, ensuring timely and accurate communication
  • Work closely with internal teams, including communications, project management, and legal, to ensure stakeholder interests are aligned with organizational objectives
  • Identify and address potential conflicts or issues with stakeholders proactively
  • Mediate disputes or misunderstandings, ensuring resolutions are in the best interest of both the stakeholders and the organization
Change Management
  • Stay informed about best practices in stakeholder management and apply them to enhance engagement strategies
  • Seek feedback from stakeholders to continuously improve the quality of engagement and communication
  • Promote transparency and accountability in all interactions with stakeholders
  • Identify potential risks associated with the change and develop strategies to mitigate them
  • Develop a strategy that outlines the approach, resources and timelines for implementing the change
Project Management
  • Provide regular reports to senior management on stakeholder engagement status, risks, and opportunities
  • Use feedback and data to refine and improve stakeholder management strategies
  • Coordinate stakeholder involvement in projects, ensuring their feedback is integrated into planning and decision-making processes
  • Track and monitor stakeholder engagement activities and their impact on project outcomes
Leadership
  • Lead the Capital Accounting Team on a day-to-day basis
  • Prepare and deliver presentations, reports, and other communication materials tailored to stakeholder needs
  • Ensure that all stakeholder engagement activities comply with the relevant regulations and ethical standards
  • Utilize data analytics to drive strategies and decisions
Culture and Values
  • Embrace NEOM’s culture and Values
  • Act with honesty and integrity by following best practices, and upholding the robust standards and expectations set out in NEOM’s Code of Conduct
  • Maintain fair, ethical and professional work practices in accordance with NEOM’s Values and Code of Conduct
  • Adhere to NEOM’s Policies, procedures, and controls to ensure compliance with rules
Experience & Qualifications

Knowledge, Skills and Experience

  • 10+ years of experience in project and asset accounting
  • Significant experience in managing audits
  • Experience working on large infrastructure or real estate programs
  • Strong knowledge of IFRS
  • Exposure and interaction with SAP and / or Oracle project accounting and asset management
  • Highly skilled in dealing with financial and numeric data
  • Highly skilled in use of Excel / PowerPoint
  • Excellent verbal skills
  • Team player and ability to work within a multi-discipline team and develop a collaborative, can-do approach with the Regions / Sectors
  • Excellent work habits, including a willingness to work the hours necessary to complete the required tasks
  • Ability to work in stressful, last minute and deadline driven oriented tasks
  • Experience in SAP
Qualifications
  • Bachelor’s degree in accounting or relevant field
  • Relevant qualifications (CA, ACCA, CPA)

NEOM is committed to attracting and retaining the highest caliber of employees to support NEOM’s vision, mission and strategy. NEOM sources the best candidates based on fit for the role and searches local and global markets to identify talent.

NEOM is an equal opportunities employer. All qualified applicants will receive consideration for employment without regard to gender, disability, age, or any other form of discrimination/other characteristic protected by applicable local laws, regulations and ordinances.

As part of our recruitment process, NEOM will undertake reference checks to confirm suitability for the role. All offers of employment are subject to references, evidence of all qualifications and awards, and other background checks being satisfactorily completed. Additionally, all offers are subject to the candidate being able to successfully obtain a work visa to enter and work in the Kingdom of Saudi Arabia.

This job description is not an exhaustive list of duties and responsibilities. The employee may be required to perform additional job-related tasks and duties as assigned. To meet NEOM’s objectives and business needs, the work location is subject to change. Non office-based roles involve outdoor activities. Candidates should be prepared to work outdoors and on construction sites as part of their job responsibilities.

NEOM uses artificial intelligence as part of its recruitment process to assist and enhance efficiency. However, all final hiring decisions are made by human recruiters, ensuring that NEOM’s employment process remains fair and transparent.

The actions of our team should always support the NEOM Values

Learn more about NEOM’s Values

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* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.

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