Senior Manager - GL & Reconciliation
Job Description
Develop the methodology for assigning and maintaining the company’s chart of accounts and the associated cost centres. Design and implement effective control system to ensure that the GL accounts are frequently and timely monitored from which the changes are approved by the correct authorise(s) prior to execution. Organize the journal systems to ensure that the journal entries are properly prepared, supported by adequate documentation, dually reviewed, correctly approved, and accurately recorded/posted. Complete monthly review of GL accounts, cost centre allocations and the financial deck of reporting to support the accuracy and timely delivering of the different financial reports. Lead the development and system changes of the GL projects. Drive the GL processes, policies, procedures and controls. Establish an approved Reconciliations Matrix “RM” which covers the ownership, timelines, documentation and reporting of the GL and sub-GL reconciliations. Monitor the completion and appropriateness of the reconciliations as assigned in the RC. Ensure that adequate segregation of duties is fully leveraged in the reconciliation processes. Report material reconciling items, outstanding accounts and/or any discrepancies with proper corrective actions for review and approval Prepare the monthly cost trend analysis including the root-cause analysis and the comparison between flash figures versus the AOP and report the outcome the Finance Senior Management for review and decision making. Ensure the monthly review, GL posting and reporting of the governance payments (i.e. SAMA, CCHI, the remuneration of the Board and Board Committees members, Related Parties. Ensure monthly reconciliation and reporting of accruals and payments. Lead the follow up and co-ordination process to ensure the appropriateness and the completion of the month-end tasks and reconciliations. Finalize the final month-end / year-end closing adjustment entries following the review and approval of the Finance Senior Management. Develop, implement and monitor internal financial controls Review and authorize non-supplier payments and ensure that proper process / procedure has been addressed in order to safeguard the company's assets Ensure reviews of GL Account and cost center allocation, to maintain proper cost center reporting Perform the lead R&C role on systems and projects related to the GL Financial accounting systems, processes, policies, procedures and controls. Carry out goal setting, manage and constantly review individual performance. Provide regular feedback, coaching and development. Motivate, empower and enable direct reports by providing the necessary tools and support required to achieve the organizational development objectives.
Skills
• Publicly listed company
• Publicly listed company
• Big 4 External Audit
• Saudi Insurance experience is a plus
• IFRS / SOCPA knowledge
• Knowledge of SAMA reports, rules and guidelines
• Competent in both Arabic and English languages written and spoken
Job Location Jeddah , Saudi Arabia Job Role Accounting/Banking/Finance Years of Experience Min: 5 Max: 8
