Finance Administrator

Job Description

Saudi national only

• Finance, Business or Accounting Degree
• Preferable Chartered Accountant, CPA, ACCA, CIMA or equivalent
• Ability to communicate clearly in writing and speaking in English and Arabic.

• At a minimum, between 5 to 10 years hands‑on accounting (project and operations accounting and international experience) in a managerial capacity with global engineering and or construction company.
• Joint Venture experience will be an advantage.
• Ability to work as Team Player and work as part of the Team.
• Strong competencies in financial accounting including the application of Local and International GAAP. Knowledge of IFRS / US GAAP / SOX control is also an advantage.
• A broad knowledge of tax, VAT, GST, WHT, TDS, treasury, transfer pricing, accounting and commercial management in the engineering and construction industry
• Major ERP system experience required; SAP or Oracle experience is desired. Knowledge of Exact would be an advantage. Proficiency in Excel is needed.
• Good Commercial acumen
• Working closely with senior management and project and sales staff

• Overall responsible for General Accounting and Project Accounting of the Office(s)
• Perform Intercompany Reconciliations – Monthly
• Obtain monthly Foreign Exchange rates and enter in system. Document and retain source monthly for all entities. Circulate fx rates to be used every month for all offices.
• Calculate fx gain/loss monthly and check systems calculations.
• Monthly Reconciliations between DTS, FPR and EXACT and provide analysis to FC/FD with a solution.
• Make and Follow Close Calendar and inform senior management, finance and project staff of the plan and the relevant dates upfront.
• Ensure monthly accruals for non‑project expenses.
• Ensure all supplier invoices and expense reports are booked into the system via software or manually for both projects and non‑projects. Ensure minimum VAT impact by matching input with output.
• Evaluate liability end of service based on actuarial valuation and ensure proper disclosure.
• Monthly Bank Reconciliations
• Monthly Profit and Loss and Balance Sheet for management after approval from FC/FD
• Monthly Management Reporting and Cash Flow Reporting for management
• Monthly DSO/DPO Reporting based on definition set in Accounting Manual for management
• Prepare Board Presentation and relevant presentations as needed.

• Follow Group Accounting Manual and SOPs
• Follow IFRS 15 / ASC 606 (as relevant) and Accounting Manual for recognizing Revenue including POC Profit on non‑reimbursable jobs.
• Follow close calendar / plan for the year and inform relevant people.

• Overall Statutory Audit, Tax Audit and Zakat Filing (if applicable) for all offices. Ensure all audits and filings are done on timely basis.
• Obtain quotes from Statutory and Tax Auditors every year for all above work and prepare analysis and refer to FC/FD/CFO for approval. Preference for Big 4
• Obtain quotes for actuarial valuation for end of service/leave after consulting FC/FD/CFO for end of service and leave at these offices and prepare analysis and refer to CFO for approval.
• Ensure IFRS, US GAAP and SOX Compliance and Local Compliance

• VAT filing and Reconciliations (Monthly) for the office(s)
• TDS/WHT filing and monthly Reconciliation for the office(s)
• Ensure compliance with WHT/VAT/PASI/GOSI and related regulations in relevant country.
• Ensure compliance of WHT and VAT and other related regulations for the office(s),
• Ensure Timely filing of Tax Returns for the offices

• Yearly Budgeting and Forecasting including Cash Flow, Profit and Loss and Balance Sheet after obtaining estimates from management, projects and sales staff. This should start September/October and completed by November/December
• Document all assumptions for salary increase, work in hand, expected work, headcount, utilization and bill rate, overhead costs, payroll costs, subcontracting costs, job income margin etc.
• Make a High‑Level Short‑Term Plan for 5 years…