Assistant Finance Manager

Responsibilities

1. Oversee all aspects of financial accounting process and transactions under his/her responsibility, timely and accurate month-end and year-end closing processes, and proper general ledger maintenance.

2. Preparation of accurate and timely financial reports for the business unit within the division.

3. Conduct regular review and analysis of transactions to detect incorrect or unusual recordings avoiding surprises.

4. Prepare and analyze financial statements, variance analysis, and other financial reports for senior management and stakeholders.

5. Ensure transactions are recorded accurately ensuring proper validation. Make month-end provisions and accruals for services/products received but not invoiced. Ensure the principle of matching cost with revenue.

6. Ensure three-way validation of invoices prior to booking and payment processing.

7. Develop strategic relationships with all stakeholders. Provide insights to senior management to support strategic decision-making.

8. Identify and drive cost-saving initiatives including finance charges.

9. Participate in the budgeting process for the division, working closely with FPM and department heads.

10. Develop and implement financial policies and procedures and ensure compliance.

11. Establish and maintain internal control procedures to safeguard company assets and ensure compliance with accounting standards such as IFRS/GAAP and regulations.

12. Identify and assess financial risks faced by the division, such as currency risk, interest rate risk, and credit risk. Implement strategies to mitigate these risks.

13. Oversee the implementation and maintenance of financial systems and software to streamline processes and enhance efficiency. Drive process improvements and automation initiatives to enhance efficiency and effectiveness.

14. Contribute to the development of the group's financial strategy and objectives. Provide recommendations to improve financial performance and optimize resource allocation.

15. Communicate financial information effectively to stakeholders, including senior management.

16. Monitor and analyze financial performance against budget and forecast, identifying areas for improvement, and implementing corrective actions as needed.

17. Collaborate with cross-functional teams to support business initiatives and strategic projects, providing financial expertise and guidance.

18. Coordinate with external and internal auditors to facilitate the audit process and ensure timely completion of audit deliverables.

19. Evaluate investment opportunities and capital expenditure projects within the division. Conduct cost-benefit analysis and provide recommendations to senior management.

20. Lead and manage the finance team within the division. Provide guidance, training, and support to ensure the team's effectiveness and professional development.

21. Knowledge of preparing and reporting of Zakat, tax, monthly VAT in Saudi Arabia.

22. Preferable knowledge of agricultural business, animal feed manufacturing, and poultry farms.

Requirements

Professional qualification like ACA, CPA, ACCA, CIMA.

Minimum of 10 years of progressive experience in accounting and finance roles, with at least 5 years in a managerial or leadership position.

Preferable experience in agriculture and poultry farm business.

Job-specific skills and competencies

1. Thorough knowledge of accounting principles, practices, and regulations, with experience in financial reporting, auditing, and internal controls.

2. Strong analytical skills and attention to detail, with the ability to interpret complex financial data and make informed decisions.

3. Excellent communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels of the organization.

4. Proven leadership abilities, with a track record of building and motivating high-performing teams.

5. Advanced proficiency in Excel, Word, PowerPoint; experience with ERP systems preferred.

6. Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.

7. Strong problem-solving skills and a proactive, results-oriented mindset.

8. High level of integrity, ethics, and professionalism.