Budgeting & Financial Planning: The candidate will support strategic financial planning and ensure proper resource allocation for projects, campaigns, and overall media operations. Their expertise will be vital in understanding financial reports, optimizing budgets, and forecasting future revenues and costs.
Financial Reporting: They will prepare and review financial statements, ensuring accuracy and alignment with Saudi GAAP or IFRS standards (depending on the company's accounting framework). This could involve collaborating with accountants to generate income statements, balance sheets, and cash flow statements.
Cost Control & Profitability: Their knowledge of accounting principles can help identify inefficiencies in corporate operations and media production costs, ensuring cost-effective solutions are implemented without compromising quality.
Tax & Zakat Compliance: With their finance background, the candidate can assist in tax and zakat reporting, ensuring the company complies with Saudi Arabia's tax regulations, including VAT and Zakat.
2. Contract Management Knowledge:
Contract Negotiation and Review: Their understanding of contracts will allow them to review terms and conditions effectively, ensuring that business agreements—whether with media partners, advertisers, vendors, or clients—are structured to the company's advantage.
Risk Management: They will identify potential risks in contracts and suggest mitigating measures, especially in the context of media partnerships and licensing agreements.
Compliance: The candidate will ensure that all contracts comply with local regulations and industry standards (such as broadcasting laws, media licensing, etc.).
3. Basic HR Knowledge:
Payroll & Compensation: With their finance background, the candidate could assist the HR team with payroll management, ensuring that employee compensation is processed accurately and efficiently.
Resource Planning: Understanding HR processes will help them align workforce planning with the financial goals of the company, ensuring that human resources are allocated appropriately for key projects.
Employee Benefits & Compliance: While not an HR expert, the candidate's knowledge of finance would help with managing employee benefits, budgeting for HR-related expenses, and ensuring compliance with Saudi labor laws and regulations.
