Chief Accounting Officer Job in Riyadh Saudi Arabia

Job Description

• The role holder is responsible for driving and enhancing internal controls and processes related to financial reporting and accounting, and ensuring execution as per the guidelines. The role acts as a focal point of contact between the bank, BANK stakeholders, and applicable regulatory authorities such as SAMA, CMA, Ministry of Finance, etc.
• Develops and implements strategic plans in line with the division’s objectives.
• Supports the development of the workforce plan for the division by providing inputs on own department’s workforce forecasts.
• Manages and  controls the  operating framework for  the  department, provides guidance and support, ensures implementation and review of work processes in order to achieve high performance standards and continuous improvement.
• Prepares  and  manages  the  annual  budget  for  the  department  and  reporting  sections  in conjunction with the division’s budget and secures subsequent approvals, tracks expenditure and ensures adherence to the budget.
• Establishes and implements effective accounting policies that adhere to BANK policies locally and globally, and generally accepted accounting practices and meet statutory requirements.
• Evaluates current financial reporting procedures and controls and drives continuous improvement on the same.
• Directs the preparation of all financial reports, including income statements, balance sheets, reports to shareholders, and reports for government regulatory agencies.
• Oversees the preparation of general ledger entries, and ensures accuracy and Adherence to BANK’s policies and procedures, as well as statutory requirements.
• Examines  and  analyses  accounting  records  and  financial  information  to  assess accuracy, completeness, and conformance to reporting and procedural standards.
• Ensures reconciliation with BANK’s Nostro Accounts is conducted in an accurate and timely manner.
• Presents financial findings to BANK executive committee/management, as well the government regulatory authorities.
• Coordinates with various departments or with all relevant sources for getting requisite financial information.
• Develops and maintains an efficient and readily accessible reporting system of all accounting data and statistics to meet commercial and statutory requirements.
• Monitors statutory audit of BANK & submission of audited financials to the management with in the scheduled time.
• Ensures that all the reports are accurately prepared and submitted to the auditors in time, and implements any action points raised during audits.
• Develops a continuous talent pipeline for key roles in the department and provides mentoring for high potential talent in the team.
• Monitors and enables the achievement of goals and key performance indicators for direct reports and  ensures  effective  implementation  of  the  performance  management  process  in  the department.
• Develops talent within the department by providing guidance, ongoing feedback, coaching and development opportunities to individuals to enable achievement of the defined goals.
• Governs implementation of risk-related policies and processes (operational, regulatory, financial, informational, reputational and audit risks) for the department, ensuring that that these meet regulatory and internal control requirements.
• Reviews implementation of the internal control systems in line with relevant operating procedures and regulatory requirements and takes corrective action based on audit findings.
• Implements laid down contingency plans/measures during a crisis situation in order to undertake rapid recovery and timely resumption of critical operations following any disruption at an internal/external level.
• Guides internal stakeholders and team members in the execution of mitigation plans during crises while ensuring that the recovery procedures do not compromise the overall control environment and uphold the compliance requirements.

Skills and Qualifications:

• Degree in Finance or Accounting, Master’s degree in Finance is preferred.
• Chartered Accountant status is preferred (CPA, CA, ACCA, ACA, FCA, ICAEW etc).
• Written and spoken English is essential, Arabic is preferred.
• A minimum of 15 years of relevant experience with at least 6 years in a similar role.
• Prior experience in financial reporting in the banking sector is preferred.
• Expert knowledge of regional and international regulations governing financial statements and expert knowledge of varied methodologies and techniques for analyzing financial statements e.g. income statements using reformulation choices, balance sheet analysis using ratios, cash flow statement analysis etc.
• In-depth  knowledge  of  internationally  accepted  accounting  standards  such  as  GAAP,  IFRS.

Send resume to soor@jobs-n-jobs.com

For more jobs in Saudi Arabia, please visit http://jobs-n-jobs.com/search/label/Saudi%20Arabia