Finance Specialist
Job in
Khobar, Eastern Province, Saudi Arabia
Listed on 2025-12-02
Listing for:
proven
Full Time
position Listed on 2025-12-02
Job specializations:
-
Finance & Banking
Financial Reporting, Financial Analyst, Tax Accountant, Accounting & Finance -
Accounting
Financial Reporting, Financial Analyst, Tax Accountant, Accounting & Finance
Job Description & How to Apply Below
The role applies in-depth knowledge, experience, and best practices in accounting. They are responsible for solving complex accounting problems and work independently with minimal guidance.
1. Statutory Reporting & Audit Coordination- Lead and manage the preparation and review of statutory financial statements across multiple legal entities and branches.
- Coordinate annual audit processes, ensuring timely submission of financial reports and audit deliverables to both local authorities and group consolidation teams.
- Collaborate with auditors, group finance, and internal teams to respond to audit-related queries and finalize financial reporting packages.
- Ensure compliance with statutory obligations, including reporting and Transfer Pricing documentation across applicable jurisdictions.
- Prepare and submit indirect tax filings and relevant Chamber of Commerce submissions.
- Provide accurate tax provisioning, including monthly and annual tax calculation files and supporting documentation.
- Perform and review monthly balance sheet reconciliations, resolving discrepancies in general ledger accounts.
- Conduct manual revaluations, including Work-in-Progress (WIP), foreign exchange adjustments, hedge accounting entries, and interest deduction calculations under applicable tax regulations.
- Originate and process journal entries to support month-end and year-end closing activities.
- Ensure timely and accurate financial documentation for external and internal audit requirements.
- Maintain compliance with internal control procedures and accounting standards.
- Act as a liaison between auditors, group finance, and internal stakeholders to ensure alignment on statutory reporting timelines and compliance requirements.
- Prepare consolidated financial reports for management and joint venture partners, including proportional ownership and financial performance analysis.
- Support ad hoc and complex financial queries from group finance, auditors, and external advisors.
- Provide documentation and support to internal financial reporting teams and external compliance agencies.
- Assist with finance transformation initiatives, system upgrades, and process improvement projects as needed.
- Contribute financial analysis and data to support entity rationalization or liquidation processes.
- Coordinate with project and finance teams to ensure a smooth and timely month-end close process.
- Support cross-functional reporting through automated tools.
- Maintain and validate automated financial statements and reports across global consolidation platforms.
- Ensure proper accounting and elimination of Intercompany transactions, clearing, and suspense accounts.
- Participate in database integration projects, including PO validation, line coding, and legal entity checks.
- Validate receipts and ensure compliance with procurement and finance policies.
- Qualified CIMA, ACCA, or Chartered Accountant. Bachelor’s degree in accounting or finance required, CPA preferred
- Strong technical accounting knowledge
- Excellent communication and stakeholder management skills
- Ability to work extended work hours as necessary for monthly closings.
- 4-5 years of relevant experience
- Effective communication and documentation skills, including the ability to interact effectively with various levels of staff and management
- Motivated, self-directed, and results-driven approach to work, and takes ownership of assigned tasks
- Deadline oriented
- Ability to work extended work hours as necessary for monthly closings
- Excellent organizational skills and pay attention to detail, including neatness and organization of work papers
- Effective in a dynamic environment, adapting to and managing change positively and proactively
- Capable of establishing effective working relationships that promote teamwork and collaboration
- Effective interaction with financial reporting, regulatory reporting, internal auditors, and external auditors
- Ability to remain positive, professional, calm, and focused when faced with challenging situations
- Computer literate in Microsoft programs:
Word, Access, PowerPoint, Excel - Ability to work independently
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