Financial Control & Reporting Expert

Purpose of Job

Jobholders at this level are responsible for leading work activities and working autonomously with minor direction towards predetermined long-term objectives. Jobholders might act as internal consultants and facilitators through providing guidance to deliver and perform operational activities. Their main operational role includes developing ZATCA financial control and reporting framework guidelines and governance, reviewing finance policies and processes, and developing contingency plans for unexpected drops in funds.

• Financial Control
  • Design, implement, monitor and assess ZATCA financial control and reporting framework guidelines, governance and methodology to ensure consistent and unified implementation.
  • Review ZATCA financial processes and policies and monitor implementation by other Finance functions to secure operational efficiency.
  • Conduct periodic financial audits on accounts, accounting statements, financial reports and budget to identify and analyze discrepancies.
  • Develop contingency plan to handle unexpected drop in funding.
  • Provide inputs and recommendations to improve account structure and to facilitate the reporting mechanism.
  • Update chart of accounts based on developed financial policies and decisions.
  • Prepare monthly, quarterly and annual accounting statements and weekly and ad-hoc reports as per approved guidelines and templates.
  • Prepare periodic financial reports including KPIs, budget tracking, revenue collections and other ad-hoc.
  • Conduct revenue analysis impact meetings with internal and external parties and provide input and recommendations.
  • Collect and consolidate all payables, receivables, cash flow, investments, etc. in preparation for the development of yearly financial plan.
  • Develop yearly financial plan covering all payables, receivables, cash flow, investments, etc.
  • Conduct financial analysis impact study revenue collection failure and propose solutions.
  • Record accurately all collection, deposit and revenue study failures and recommend corrective plans if needed.
  • Develop tax, customs and zakat revenue forecast and refunds forecast and communicate with related stakeholders.
  • Provide stakeholders with timely, detailed and meaningful insights and visibility on business performance to support in planning and decision-making.
• Organization and Operations
  • Follow all relevant policies, processes and standard operating procedures so that work is carried out in a controlled and consistent manner.
  • Help in solving escalated problems and provide needed support for junior team to ensure work is carried out in an efficient manner.
  • Escalate complex problems to the relevant person to ensure cases/issues are closed properly.
  • Perform other duties as requested.
• People Management
  • Train junior staff on the different job activities to ensure transfer of know-how when applicable.
  • Provide clear direction, prioritize tasks, assign and delegate responsibility and monitor the workflow of subordinates and junior staff.
  • Support junior staff or direct reports in order to execute their duties according to set policies and processes.

No details provided.

• Bachelor's degree in Finance or equivalent is required.
• Master's degree in Finance or equivalent is preferred.

• A minimum of 5 years of relevant experience.

• Collaboration and Communication – Developing
• Professionalism – Proficient
• Financial Reporting and Control – Advanced
• Accounting Standards and Practices – Advanced
• Results Oriented – Proficient
• Financial Planning and Analysis – Advanced
• Customer Focus – Proficient
• Risk Assessment and Management – Proficient
• Treasury Operations and Fund Management – Proficient
• Enablement of Change and Innovation – Developing