Job Location | Jeddah, Saudi Arabia |
Education | Not Mentioned |
Salary | $8,000 – $9,000 |
Industry | Construction & Building |
Functional Area | Not Mentioned |
Job Description
Job SummaryResponsible for planning, directing, and coordinating the finance and accounting functions of the company and guiding the finance and accounting functions towards its strategic objectives.Job Duties? Assist the CEO in setting the companys strategic goals, objectives, guidelines, plans, and budgets to enhance its market share, exposure, and profitability, as well as ensuring that they are communicated promptly to all company functions and that function heads are working towards the achievement of these goals and objectives.? Develop the Finance & Accounting department and related objectives, plans, policies, & procedures and ensure their implementation across the department as well as their compliance with local and international regulations and standards.? Review the operating results of the Finance & Accounting department and compare them to established objectives and goals, and follow-up to ensure appropriate measures are taken to correct unsatisfactory results.? Develop long-term financial plans and appropriate strategies to enable the companys objectives.? Ensure that adequate systems and procedures are in place to enable the organization to operate efficiently, that targets are met, and that value for money is obtained.? Oversee financial and accounting system controls and standards in conjunction with the Finance Manager.? Regularly update the Chief Executive Officer on finance & accounting performance, issues, and actions.? Direct the preparation of tax and ZAKAT filings and ensure all inquiries and concerns are dealt with.? Ensure there are adequate audit trails in order to be able to track a transaction from beginning to end and identify errors in the event of any.? Direct the main activities in the financial accounting function, which include: general ledger, accounts receivable, fixed assets, accounts payable, payroll, and costing.? Oversee the activities related to the general ledger, accounts receivable, fixed assets, accounts payable, payroll, and costing and ensure the integrity of the related processes are adhered to and meet the strategic goals.? Review the reconciliation between general ledger accounts and sub-ledgers performed by the chief accountant and instruct on action to be taken for unresolved variances in reconciliation.? Perform disposals, write-offs, and sales of fixed assets and supervise the execution of any of the activities if approved.? Review payroll summaries and advise on the best course of action or alterations if necessary.? Direct the periodic reviews of the chart of accounts and recommend any changes to the CEO.? Oversee the period-end close process, ensuring its completion in a timely and accurate manner.? Direct the preparation of internal and external financial statements, as well as other financial and management reports as required, and review such reports before submitting them to the CEO for review.? Ensure that the financial planning, analysis, and budgeting activities are in line with the companys strategic objectives.? Review analysis reports created by the Budgeting & Reporting Controller and investigate areas that require attention. Provide feedback and advice on the best course of action to rectify the situation, if one exists.?Direct the development of financial models that serve to support the financial planning process.?Set the provisional timetable to be followed for the budget process.?Direct the design and preparation of the budget forms, models, and templates to be used by subordinates in the budgeting process to enhance the budget techniques and procedures.? Direct the preparation of the annual master budget, including capital expenditure, operating expenditure, and workforce planning budgets.?Direct the compilation, review, and preparation of the budgeted financial statements (income statement, balance sheet, and cash flow statement).? Monitor effective implementation of and compliance with the approved budget (tracking, variance analysis, reporting, etc.).?Direct the preparation of variances reports (Actual vs. Budget).?Present the monthly performance management reports to the CEO, highlight areas that require attention, and propose initiatives and recommendations for corrective actions.? Establish and implement cash management policies and procedures to ensure the application of internal control within the function.? Establish and manage relationships with financial institutions and banks.? Direct and oversee the companys cash position to optimize its liquidity position and oversee the preparation of its cash flow position on a daily, weekly, and monthly basis.? Direct and oversee cash management activities that cover the reconciliation of bank statements.? Direct and validate the disbursement of funds and payments.? Direct company loans and interest payments by ensuring loan installments are paid on time and tracked accordingly.? Determine the group borrowing requirements, evaluate the different options in order to choose ones that are beneficial to company interests, and negotiate with banks for facilities (loans, LGs, / LC?s).? Direct companys insurance program and negotiate with insurers to reduce costs and ensure appropriate insurance coverage for all group assets.? Provide advice, guidance, direction, and authorization to the finance manager to carry out major plans and procedures consistent with established policies.? Communicate and discuss department guidelines and procedures with employees to ensure responsibilities, authorities, and accountabilities for all employees are defined and understood.? Perform any other tasks related to the job as assigned by the CEO.
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