Finance Director

Major Duties and Responsibilities:

• Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.

• Ensure the accuracy and authenticity of all accounting transactions as per the IFRS guidelines.

• Ensure an accurate and timely monthly, quarterly and year end closing and reporting.

• Provide necessary information and data required by the Auditors (Statutory & Internal)

• Ensure the quarterly reviews and annual auditing as per the management deadlines.

• Proper Accounting, monitoring and reconciliation for Intercompany transactions.

• Monitoring and reporting related party transactions.

• Ensuring timely collection from debtors.

• Recommend for appropriate provisions for bad debts on a consistent basis as per the company policy.

• Controls on records keeping, proper filing and documentation.

• Ensuring appropriate provisions for Zakat & VAT and coordinating for submission of monthly returns and obtaining final Certificates from the ZATCA.

• Coordinate with consultant for Withholding Tax (WHT) clearance and submitting necessary documents for WHT provisions. Ensuring compliance with WHT rules on monthly and quarterly basis.

• Inventory valuation and ageing analysis.

• Monitoring Fixed Assets Accounting and depreciation computation.

• Proper and timely booking of provisions, accruals and prepaid expenses

• Appropriate and accurate provisions for End of Service benefits.

• Keeping track of important Insurance policies of the company.

• Supports budget and forecasting activities.

• Competent in making 3 to 5 year’s financial projections.

• Must be conversant in making the capital investment evaluations (IRR, NPV Payback period etc.)

• Collaborates with the other department managers to achieve the overall goals and objectives of the company.

• Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.

• Advises staff regarding the handling of non-routine reporting transactions.

• Ensure that efficient cash flow is achieved in the entity.

• Responds to inquiries from the CFO, FC, Reporting Manager, Treasury Manager and other department managers regarding financial results and special reporting.

• Work with CFO, FC, Reporting Manager and Treasury Manager and to ensure clean and timely quarterly review and yearend audit.

• Supervise the general ledger group to ensure all financial reporting deadlines are met.

• Assist in development and implementation of new procedures and features to enhance the workflow of the department.

• Provide training to new and existing staff as needed.

• Handle personnel issues relating to staff conflicts, absenteeism, performance issues.

• Work with each direct report to establish goals and objectives for each year and monitor and advice on the progress to enhance the professional development of staff.

• Prepare the KPIs for all direct reports.

• Additional duties as directed by CFO

Managerial

• Excellent communication skills and the ability to communicate financial issues with non-finance professionals and volunteers.

• Problem solving ability.

• Strong team player.

• Excellent interpersonal skills.

• Good planning and organizational skills.

• Priorities workload and meet strict deadlines.