Job Description
Manage Accounting and Finance functions, provide support to Department Head and work with the Finance team in key initiatives & projects ; Develop and direct the implementation of accounting policies, programs and systems to manage the company’s financial assets and provide complete and accurate financial information and records as basis in decision making
- In-depth understanding of real estate industry standards, laws and regulations including RETT applicable in the Kingdom of Saudi Arabia.
- Knowledgeable about the different types of real estate investments and development such as residential properties, office buildings, shopping centers and industrial properties.
- Conducting detailed financial analysis of real estate projects, including ROI, NPV, IRR, and other key financial metrics.
- Partnering with the operation by assessing potential real estate investment opportunities, supporting/performing due diligence and financial modeling to support decision-making.
- Directing the implementation of accounting policies and systems that contribute to the long-term business requirements based on business strategies of the company to minimize expenses and increase revenues.
- Analyse and evaluate revenues, liabilities, credit conditions, and other financial indicators to forecast its short, medium, and long-term cash flow position to recommend investments, funding sources, and other financial instruments that will meet cash flow needs of the company.
- Analyze, review and reconcile reports comprising of auditor and financial analysis reports, profit and loss statements, balance sheets and regulatory reports and prepare consolidated monthly financial report.
- Reviewing annual budget including capital expenditure through assessment of project feasibilities before investment made to safeguard the finances of the company.
- Responsible for all areas of insurance such as insurance type, amount and renewals, etc.;
· Finalization of accounts with external auditors
- Perform regular communication and coordination with other departments to maximize the effectiveness and efficiency of the interdepartmental operations and activities.
- Evaluate and discuss the performance of the accounts and finance associates and recommend the needed training for the improvement of the skills to meet the company’s current and future (in line with strategic direction) needs and requirements.
- Lead and train the finance team on the use of the systems to expedite business transactions and processes
- Regular analysis of business performance measurement parameters/criteria against the budget for review of FD & MD. Recommend action(s) if required to improve the situation.
- Responsible for reviewing the organization's financial reports to ensure that it was accurately prepared and smartly designed in accordance with the generally accepted accounting and auditing principles.
- Prepare and review the “Standard Accounting Manual” for the organization and ensure that all activities and transactions carried out in compliance with the set guidelines and processes to meet the objectives. Manage and implement systems of comprehensive internal control.
- Manage compliance and quality reviews and ensure that supporting requirements, if any, fulfilled in every business transactions.
- Mentor and develop associates and ensure to provide opportunities for development and that career paths and succession plans are charted out through a Succession/ Progression Development Interventions.
- Oversee the preparation of employee incentive schemes and its regular review.
Skills
• Accounting and Financial Management: Advance knowledge in the cost and management accounting, accounting and financial principles, practices and procedures including international accounting standards
• Computer software and database system: Intermediate knowledge in electronic data process of accounting systems and Enterprise Resource Planning (ERP) system;
• Language: Fluency in written & spoken English; Knowledge of Arabic preferred.
• Minimum Bachelor’s Degree in Accounting
• CIMA or CPA or CA or ACCA or CFA
• Minimum 9 years post qualification experience in related field; Worked with one of the big four audit firm and manufacturing;
• Time Management: Manages own time and the time of others.
• Active Learning: Understanding the implications of new information for both current and future problem solving and decision-making;
• Stress Tolerance: Job requires accepting criticism and dealing calmly and effectively with high stress situations;
• Achievement/Effort: Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks;
• Teamwork: Able to work in a group to achieve the objectives.
• Problem Sensitivity: The ability to tell when something is wrong or is likely to go wrong.
• Inter-Personal Relationship: The ability to deal and work with people and compromise diversity in views and opinions.
• Mathematical computation and analysis: the ability to do mathematical computations and analytical calculation to solve simple and complex problems;
• Communication Skills: Able to convey ideas and opinions with clarity and conciseness at all levels, straightforward and emphatic;
