Assistant Accounts Manager - #17240


Date: 2 weeks ago
City: Jeddah
Contract type: Full time


Job title Assistant Accounts Manager
Department Finance
Close date 30th Dec 2023
Location Jeddah

Job description

Job description To manage the accounting, information technology, and information systems policies of Fosam, ensuring that the organization is provided with effective financial management and management information systems and to participate in the formulation and implementations of the company's strategic plans particularly those pertaining to financing and planning.

To ensure that the company complies with the statutory, professional, and JMH Group requirements in the areas of accounting, finance, computing, company secretarial, and insurance
  • Actively participate in setting and implementing processes that will deliver the HSE standards set by the Group & embodied in the ROCK.

  • Strict compliance with the Group framework of policies and procedures.

  • Documenting SOPs for all key processes, periodic audits to ensure strict adherence to the same and training accounts personnel.

  • Documentation of all financial books and records for local compliance.

  • Factory accounting of all the factories.

  • Efficiency of processing all Invoices/Bills received, and payments.

  • Focus on fixing all the internal financial control audit points to the satisfaction of the management and the auditors.

  • Introduce asset improvement programs, prepare capital estimates, analyze, and prepare investment analysis.

  • Attend fixed assets accounting (additions, disposals, Capital WIP, Reconciliations).

  • Finance Memo preparation, review, and upload to FM database.

  • Prepare statutory financial statements & related schedules every month and as per statutory requirements for year-end audit.

  • Treasury activities: control and consolidation of the cash reports, control and prepare & submit cash flow forecasts over treasury software.

  • Finance lead role for finance module of DAX & Key user across all functions

  • Physical periodic/annual inventory and fixed assets including IT assets verification and adherence to group guidelines

  • Reconciliations with Vendor/Suppliers in a systemic way.

  • Lead and comply with statutory/group norms, Secretarial practices, and liaison with Government agencies as appropriate and complete all assessments/filing of documents/recovery of statutory forms as appropriate.

  • Investigate and negotiate for adequate provision of banking and financial facilities for the implementation of plans.

  • Accounting activities of the operating company and reviews accounting procedures. Being an accounting leader, the role is charged with motivating, developing, and creating a departmental culture and vision, taking full responsibility for the success or failure of the interim and annual audit process.

  • Lead on Microsoft DAX key user training, maintaining discipline in the chart of accounts, and escalating automation and other change requests to Group IT for implementation.

  • Compliance with regulators (ZATCA, SOCPA, MoC, IFRS).

  • Attend all tax returns filing on time, in compliance with law, and attend assessments/audits.

  • Deliverables include but are not limited to.

  • routine accounting, recording, and completing month closing as per Fosroc finance calendar.

  • complete monthly, periodical, and annual accounts for audits.

  • face internal audits and provide information for internal audits.

  • cash management and forecast.

  • Following KPIs:

  • On-time completion of bookkeeping as per Group guidelines.
    Minimum delays in booking liabilities.
    Zero tolerance for deviations from Group policies and procedures
    Skills required ESSENTIAL
  • The job holder must be a finance graduate.

  • The job holder should have post-qualification experience of 5 years in a multinational company in KSA with exposure to manufacturing organizations.

  • Candidate should possess strong management accounting skills and should have worked at senior level managing financial and management accounts

  • The job holder must be computer literate and have had exposure to information technology and systems management and expertise in MS Excel.

  • Experience in KSA Taxation

  • Member of a recognised Accountancy body ICAEW, ACCA, CIMA, AICAI, AICWA

  • Exposure to the chemical industry/batch processing units/construction markets would be an added advantage

  • Experience in working on Microsoft Dynamics, DAX

  • Any additional skills in IT

  • Understand VAT, Zakat & Income Tax, WHT, and Transfer Pricing laws in KSA.

  • Educational requirements Bachelor and higher finance degree
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