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Finance Officer

1.00 to 10.00 Years   Saudi Arabia   20 Dec, 2022
Yusuf Bin Ahmed Kanoo Group Of Companies - Saudi Arabia
1 Jobs Openings
Job LocationSaudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryOil & Gas
Functional AreaNot Mentioned

Job Description

Finance/Accounts Officer (Kanoo - Manuchar JV)We are looking for an experienced Finance Officer, based in Al Khobar (Dammam) KSA, with first-hand experience dealing with a variety of finance tasks (accounting, reporting, Petty Cash and reimbursements, reconciliation, payroll, ?). Supported by our local and regional controllers/finance managers, the candidate ideally has an ambition to learn, and grow to a managerial role in short-medium term.Job Responsibilities:

  • Supervise and handle the accounting tasks (G/L, A/P, A/R, bank statements, VAT, Tax, etc.) as well as the timely and correct legal and other mandatory reporting
  • Report on the evolution of stocks, outstanding receivables/payables and cash flow
  • Perform margin analyses and provide management with insight on the cost price and margin
  • Ensures the timely completion of the monthly closing
  • Ensures accurate accounting entries of journal entries other than payables
  • Ensures a fair allocation of expenses across the different BUs/JVs/department/projects
  • Executes intergroup funding and borrowing activities, in line with the Groups Treasury policies and proposed internal interest rates
  • Ensures timely completion of intergroup reconciliations
  • Supports the harmonization and standardization of all financial processes across BUs/JVs to optimize the consolidation of financial statements and intergroup transactions
  • Coordinate the timely monthly financial reporting to the head office
  • Prepare and comply with the Audit Reviews and provide assistance to the tax return preparation for the auditor
  • Review the monthly cash flow and P&L and monitor performance against budget
  • Contact person for VAT and banks reporting
  • Liaise with the different responsible people about monthly performance
  • Coordinate the yearly budgeting process
  • Timely identify financial and internal control risks and implement action plans
  • Manage the local balance sheet in terms of foreign exchange exposure and financing (working capital & fixed asset finance)
  • Manage and complete ad-hoc projects as needed

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