Financial Statements Consolidation Reporting Section Manager

Job Purpose

The role holder is responsible for collating financial information’s, liaising with auditors, creating consolidated financial statements, maintain calendar and ensure its adherence for closing etc., ensure timely identification and compliance interpretation while supporting Financial Reporting Consolidation department to ensure its alignment with stated strategy and objectives. The role holder shall carry out his duties in accordance with the stipulated business policies and procedures.

• Coordinates with internal and external auditors to review and audit STC Consolidated financial statements on Quarterly and yearly basis.
• Controls and produce group consolidated financial statements in accordance with Accounting and CMA standards and regulations.
• Prepares monthly, quarterly and annual financial statements reports and manage the internal and external review for these documents.
• Creates STC’s consolidated financial statements reports in compliance with STC policies, accounting Standards and regulation.
• Monitors and ensure timely identification and compliance with evolving accounting guidance, provide accounting standards interpretation and prepare technical memorandums that document issues in a clear, logical and comprehensive manner.
• Creates and maintain STC calendar to inform parties of necessary deadline adherence for the following processes: financial closing, reporting requirements.
• Communicates and explain accounting issues and evolving accounting guidance that are relevant to the financial reporting in conjunction with Policy and Procedure department to the management team.
• Manages communications with external auditors on external financial statements and accounting issues to ensure auditor agreement with company decisions on accounting disclosures, and issues.
• Supports in maintaining month end and year end closing.
• Coordinates with counterparts in the STC on harmonization of policies within the scope of the STC Reform.
• Produces actual to actual consolidation reporting.
• Assists in the coordination of annual audit and quarterly review activities of external and internal auditors
• Produces the annual PIF group reporting package required by PIF.

Minimum of 6 years of experience in a related discipline

• Prior supervisory experience in financial statement reporting in a large-scale service oriented industry is strongly preferred
• Prior experience within the KSA region and/or the Middle East region including knowledge of regulatory environment and context is preferred

Managerial

Bachelor Degree in Accounting or Finance