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Finance Asst. Manager

Bidaya Home Finance

Posted on February 6, 2018

5 - 6 years Riyadh - Saudi Arabia

Any Graduation. Any Nationality

Opening 01

Job Description

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Initiate the process of budget preparation, liaise with business and department heads, review and exercise controls over the budget process and consolidation of the budget process, as directed by the CFO
Analyze financial performance versus budget and inquire into reasons of variances in cost and revenues, highlight areas of unsatisfactory performance, as well as potential areas for cost reduction or performance improvement opportunities to capitalize upon
Support the process of proper and effective budgeting, forecasting of all BIDAYA functions and business units and developing long term projections
Review and direct the activities of Accounting and the Treasury function to ensure that work processes are implemented as designed and comply with established policies and procedures
Review that financial and regulatory reports are generated in a timely and accurate manner and meet stakeholders requirements and are in line with the , approved policies and standards
Direct the accounting and treasury functions in the execution and delivery by planning, organizing, overseeing various internal project activities to ensure meeting agreed project parameters (cost budget, timelines, scope and quality)
Ensure that relationship with banks are properly being nurtured and managed and be the point of contact for external communications on all financial matters
Direct and supervise adequate maintenance and control over asset records and related depreciation accounts
Provide interpretive assistance as to proper capitalization / expensing of outlays and grouping of fixed assets to ensure consistency in accounting year over year
Manage the cash position of the organization to ensure sufficient funds are available in case of contingencies and report on such aspects to the CFO
Review all financial reports from accounting and treasury ensure proper documentation and adherence to reporting and procedural standards in a timely and accurate manner for clearance by the CFO
Ensure compliance with all regulatory & legislative reporting requirements as well as compliance with all related regulations including zakat and tax
Manage and coordinate external audit exercise in an effort to ensure the timely provision of needed information as well as compliance with relevant regulations
Ensure proper management of Zakat and Tax filing, computations, and appeals and follow up of cases under litigation
Recommend improvements to departmental policies and direct the implementation of procedures and controls covering all areas of Finance activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective services
Ensure compliance to all relevant safety, quality and environmental management policies, procedures and controls across the section in order to guarantee employee safety, legislative compliance and a responsible environmental attitude
Required Skills
CIA, CA, External Audit, Computational Finance, Claims Management, Capital Budgeting, Bookkeeping, IFRS, Personal Tax Filings, Tax Preparation, Islamic Financial Accounting Standards, International Accounting Standards, Islamic Finance, Internet Banking, Compliance Monitoring,
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Banking / Financial Services / Broking

Finance / Treasury

Keywords

Forecasting IFRS Fixed assets External audit Litigation Claims Appeals Cost reduction Policies Depreciation

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