12 Consolidation Accounting jobs in Saudi Arabia

As our Financial Reporting Lead, you're the maestro behind our financial harmony. Your mission is to nail the accuracy, transparency, and compliance of our financial reporting, crafting financial reports and disclosures in compliance with international accounting standards and best practices.

We are all about collaboration here, so team up with our internal squads, analyze financial data and freely apply your strong analytical skills. A keen attention to detail, profound understanding of accounting standards, and proficiency in financial modelling are integral to this role.

You are a driven, determined, curious team player, knowing that collective strength means we all win. With a positive outlook, you are solution-oriented persevering regardless of circumstances, always finding a way through, no matter the challenges.

You will effectively find a way to work with everyone through empathy and respect. You will be driven and comfortable with responding quickly with urgency, with the ability to change course without losing momentum and energy, resulting in great success.

Your responsibilities

• Prepare accurate and timely financial reports and disclosures in compliance with international accounting standards (IFRS).
• Manage and execute consolidation process, ensuring accurate aggregation of financial data for various entities and subsidiaries.
• Prepare accurate and timely monthly management reporting packs along with key metrics.
• Collaborate with internal teams to gather financial data and ensure completeness and accuracy.
• Conduct analysis to identify and explain significant variances in Financials.
• Data Analysis and Automation
  • Conduct in-depth analysis of financial data to identify trends and provide insights to the management.
  • Assist in developing and implementing financial models to support decision-making processes.
  • Liaison with the data team to automate financial reporting metrics / dashboards through reporting tools (Tableau / NetSuite analytics)
  • Ensure the integrity and consistency of financial data used across financial and management reporting.
  • Propose and implement process improvements to streamline reporting workflows.
• Audit Support
  • Assist in preparing quarterly and annual financial statements in accordance with the applicable accounting standards (IFRS)
  • Collaborate with external auditors during audit process, providing necessary documentation and addressing audit findings.

Your expertise

• Bachelor s degree in accounting, finance, or a related field. ACCA or equivalent certificate.
• 5+ years of experience in financial reporting preferably in a listed company
• Experience working in the financial services and banking sectors is highly desirable.
• Strong knowledge of accounting and financial reporting standards (IFRS)
• Demonstrated experience in developing financial models and dashboards.
• Proven track record in preparing monthly, quarterly, and yearly management reporting pack. Also ensuring accurate consolidation of group financial statements.
• Proficient with advanced excel and other financial reporting tools. Familiarity with SQL and Python is considered an advantage.

Company Industry

• Banking
• Broking

Department / Functional Area

• Finance
• Treasury

Keywords

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The Finance Reporting Intermediate Analyst is an intermediate level position responsible for the generation, tracking and submission of financial reports in coordination with the Finance Team. The overall objective of this role is to accurately prepare and report business/financial transactions, reports and statements in accordance with local regulatory guidelines.

**Responsibilities**:

- Support the analysis and submission of reports to various constituencies (local regulators, CMA, GAZT, MoF, MOCI, etc) based on requirements such as US GAAP, US Regulatory, and local statutory reporting
- Assist with closing the books and sub-ledgers, including passing appropriate required adjustment entries and consolidating financials at the end of each accounting period
- Assist with financial and management reporting, planning and analysis, metrics, monitoring and forecasting
- Document and establish business requirement documents, review test scripts, and interact with business partners to ensure successful migrations of key technology releases
- Identify and resolve problems using basic Finance knowledge, escalating as needed
- Assist with the implementation of work flow or process change and redesign
- Assist in the management of one or more processes, reports, procedures, or products
- Execute processes and procedures within defined parameters
- Prepare and file accurate local company tax returns to the Tax Authorities on a timely basis as well as ensuring proper and regular proofing / reconciliation of tax accounts
- Prepare and report Citigroup Tax Returns for the country
- Prepare the Annual Audited Financial and coordinates statutory audit process
- Manage the Manager’s Controls Assessment (MCA) process
- Ensuring that all Internal /external Tax and regulatory audits are proactively managed, (preparation, planning, fieldwork and actions)
- Ensure the local regulatory reporting (LRR) and Legal Entity Management (LEM) control files and Operational Risks Indicators (ORI) are timely and accurately completed and all issues raised are escalated appropriately, corrective action plans implemented based on proper root cause analysis and effectively closed.

**Qualifications**:

- 5-7 post qualification years of previous experience in a reputable organization required
- Structured Query Language (SQL) and/or Statistical Analysis System (SAS) experience preferred
- Self-motivated and detail oriented
- Working knowledge of related industry practices and standards
- Proven problem-solving and decision-making skills
- Consistently demonstrates clear and concise written and verbal communication skills
**Education**:

- Bachelor’s Degree/University degree
- Chartered Accountant/equivalent preferred

Saudi Nationals are preferred.
- **Job Family Group**:
Finance
- **Job Family**:
Financial Reporting
- **Time Type**:
Full time
- Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

View the "**EEO is the Law**" poster. View the **EEO is the Law Supplement**.

View the **EEO Policy Statement**.

View the **Pay Transparency Posting

**Manager - Financial Reporting & Taks**

***

**Responsibilities**:

- Developing the financial strategy, including risk minimization plans and opportunity forecasting.
- Reporting and Presenting to the CFO the consolidated management reporting and financial analytics for all group companies.
- Liaise with external auditors and local banks within the Kingdom.
- Have a robust knowledge of the banking.
- Prepare timely monthly and quarterly financial reporting planning and analysis, and variances and share it with management on a monthly and quarterly basis.
- Preparation of Annual business plans for holding company and its subsidiaries.
- Provide accounting and tax advice to business units when required.
- Preparing cash flow forecast & managing the same closely with the various department stakeholders.
- Supervise account receivable and payable processes and the related system enhancement initiatives.
- Perform assessment on the accounting treatment for current / new products and business lines, including but not limited to the booking logic, reporting treatment, and the financial and regulatory reporting impact.
- Review and implement new accounting standards and ensuring it is properly implemented.
- Ensure the tax filings / returns are adequately prepared and submitted.
- Facilitate and manage the preparation and review company Monthly VAT & WHT, coupled with annual zakat tax returns and the accurate, timely filing of all tax forms.
- Find and implement opportunities for process improvement in company tax procedures.
- Ensure accurate, timely filing of consolidated federal, state, and local corporate tax returns and other business-related filings.
- Develop and implement strategic tax planning for all necessary Saudi based taxes such as PE Tax, WHT Tax, Annual Zakat / Corporate Tax, VAT, etc.
- Monitor legislative and regulatory tax law developments, communicate the effects of these developments to management and the tax team and create strategies to capitalize on changes to taxation legislation.
- Implement control measures and financial processes with group companies in alignment with corporate policies and procedures.
- Improving efficiencies and reducing costs across the business.
- Ensuring compliance with statutory law and financial regulations.
- Preparation of IKTVA reports on a quarterly basis.

**Skills & Experience**
- Minimum 5 years experience in BIG 4 a must.
- Strong Knowledge and experience in IKTVA a must.
- Strong knowledge on corporate banking products and the related treatments in IFRS.
- Strong analytical skills, detail/accuracy oriented.
- Minimum of 8 years of relevant working experience such in Audit and Financial Accounting.
- Good command of both spoken and written English a must.
- Strong communication, interpersonal, problem solving and supervisory skills.
- Excellent analytical and problem-solving skills, strong interpersonal and communication skills and ability to work under pressure.
- A good team player, highly analytical, independent and self-driven.
- Immediate available is preferred.
- Agency calls are not appreciated._

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Sub Department: Finance and Accounting - Financial Planning & Repo

Number of Openings: 1

Role Purpose

Assist with planning and perform financial analysis on actual financial performance, budgets and forecasts and maintain financial dashboards and take lead from financial side on GCC business divisions.

Job Accountabilities & Activities

- Support the management team with the annual strategic planning and budgeting processes. This includes establishing assumptions, spreadsheet modeling, consolidation, analysis, and presentation preparation for key stakeholders.
- Responsible for the feasibility and analysis of all functional business activities, ensuring alignment with the company's strategic targets and annual budget.
- Assist in the development of operating and financial plans for GCC, divisions, and/or departments, and report against those plans to help management achieve strategic goals.
- Responsible for analyzing operating expenses to identify cost-saving opportunities and ensure spending aligns with the approved budget.
- Responsible for the design, development, deployment, and maintenance of all internal Financial Planning & Analysis (FP&A) reports to ensure financial data accuracy.
- Prepare the monthly forecast and quarterly business review for all functional areas of the business and related subsidiaries.
- Prepare all ad-hoc financial analyses to support senior management decision-making.
- Maintain financial dashboards, monitor financial trends and ratios, and provide insights on performance vs. budget and forecast by function/department.
- Assist in the development, design, and validation of operational dashboards for GCC divisions, branches, and/or departments.
- Develop a strong understanding of key performance drivers and issues related to budgeting, forecasting, and actual results. Incorporate this into monthly quantitative and qualitative analysis of commercial operations, including variance analysis and highlighting risks, issues, and business drivers to avoid unnecessary spending.
- Responsible for working capital and departmental spending analysis.
- Support the business development team and lead the financial evaluation of project feasibilities and pricing, including monitoring and evaluating actual performance versus projections.
- Assist the Finance Controller in accurately recording financial transactions and maintaining proper records.
- Provide guidance to department heads to help them understand financial reports and data controls.

Education & Certifications

BSc/BA in Accounting, Finance or relevant field.

Required Years of Experience

3-4 of experience in Financial Planning.

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Sub Department: Finance and Accounting - Financial Planning & Repo

Number of Openings: 1

Role Purpose

Assist with planning and perform financial analysis on actual financial performance, budgets and forecasts and maintain financial dashboards and take lead from financial side on GCC business divisions.

Job Accountabilities & Activities

- Support the management team with the annual strategic planning and budgeting processes. This includes establishing assumptions, spreadsheet modeling, consolidation, analysis, and presentation preparation for key stakeholders.
- Responsible for the feasibility and analysis of all functional business activities, ensuring alignment with the company's strategic targets and annual budget.
- Assist in the development of operating and financial plans for GCC, divisions, and/or departments, and report against those plans to help management achieve strategic goals.
- Responsible for analyzing operating expenses to identify cost-saving opportunities and ensure spending aligns with the approved budget.
- Responsible for the design, development, deployment, and maintenance of all internal Financial Planning & Analysis (FP&A) reports to ensure financial data accuracy.
- Prepare the monthly forecast and quarterly business review for all functional areas of the business and related subsidiaries.
- Prepare all ad-hoc financial analyses to support senior management decision-making.
- Maintain financial dashboards, monitor financial trends and ratios, and provide insights on performance vs. budget and forecast by function/department.
- Assist in the development, design, and validation of operational dashboards for GCC divisions, branches, and/or departments.
- Develop a strong understanding of key performance drivers and issues related to budgeting, forecasting, and actual results. Incorporate this into monthly quantitative and qualitative analysis of commercial operations, including variance analysis and highlighting risks, issues, and business drivers to avoid unnecessary spending.
- Responsible for working capital and departmental spending analysis.
- Support the business development team and lead the financial evaluation of project feasibilities and pricing, including monitoring and evaluating actual performance versus projections.
- Assist the Finance Controller in accurately recording financial transactions and maintaining proper records.
- Provide guidance to department heads to help them understand financial reports and data controls.

Education & Certifications

BSc/BA in Accounting, Finance or relevant field.

Required Years of Experience

3-4 of experience in Financial Planning.

Copyright 2021. All Rights Reserved by OSHCO

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Assistant Manager - Financial Analysis & Reporting

Internal Job Title:Assistant Manager (Financial Analysis & Reporting)

Business: Lucy Switchgear Arabia

Job Reference No: 4165

Job Purpose

•To provide timely & accurate financial information and reports

•Payroll Administration & Management

•Assist the FM in all matters related to Compliance, Reporting and Audit

Job Dimensions

Number of Staff Supervised:Direct Reports:One

Key Accountabilities

Monthly, quarterly and annual closure and preparation of management reports and financial statements are undertaken in a timely manner to meet strict group reporting deadlines. - Timeliness and accuracy

In coordination with the FM preparation and analysis of periodic cash forecasts, exceptional reporting, inventory & general provisioning. - Timeliness and accuracy

Process the employee payroll on a monthly basis and posting the same to appropriate general ledger accounts. - Timeliness and accuracy

Analyzing the collated data and filing of periodic VAT return and in coordination with the FM liaising with the consultant wherever needed. - Timeliness, accuracy and compliance

Controller and custodian of company’s GL and chart of accounts - Accuracy & correctness

Collaborate with the FM in the detailing and data accumulation work for the preparation of monthly reporting, quarterly forecasts, annual budgets by extensive excel based analytical reporting including dashboards. - Timeliness and accuracy

Work alongside the FM for any ad-hoc deliverables to support both internal and external financial and analytical reporting requirements. - Timeliness and accuracy

Collaborate with the FM in managing the yearly statutory audit process by preparation of schedules and coordinating with the auditors for smooth completion of audit. - T imeliness and accuracy

Assist the FM in ensuring compliance with all legal and statutory requirements and the ongoing development and implementation of internal controls and procedures across the business. - Timeliness, accuracy and compliance

Collaborate with the FM in liaising with the AX team for any AX related requirements as and when the need arises. - Value Addition to the existing process

Managing and mentoring the accountants

Job Context

The position is responsible to:

•Participate as a finance stake holder for the business in cross functional teams.

•Work well with stakeholders as well as with a variety of people and personality types.

Minimum Qualifications and Knowledge:

Degree in recognized accounting qualification (ACCA / ACA / CMA)

Minimum Experience: 10 years in a similar role

Job-Specific Skills: Financial Acumen, Eye for Details, Tech Savvy, Decisiveness, Analytical Thinking, Manage Deadlines, Methodical Approach, Accuracy, Effective Verbal & Written Communication, Innovation & Creativity, Commercial Awareness, Planning & Organizing, Maintain High Degree of Confidentiality.

Behavioral Competencies: Integrity & Ethics, Self-Motivation, Teamworking, Agility & Adaptability, Cultural Intelligence, Engaging & Developing People, Interpersonal sensitivity

Does this sound interesting? We would love to hear from you. Our application process in quick and easy. Apply today!

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In Financial Accounting & Advisory Services (FAAS) within Assurance, we assist our clients to address the accounting and financial reporting challenges facing their business. You will be part of a team that provides insight and services that accelerate analytics, decision-making and innovation to build a stronger and more efficient finance function. You will experience ongoing professional development through diverse experiences, world-class learning and individually tailored coaching.

That is how we develop outstanding leaders who team to deliver on our promises to all of our stakeholders, and in so doing, play a critical role in building a better working world for our people, for our clients and for our communities.

Sound interesting? Well this is just the beginning. Because whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

**The opportunity**

Capital Markets provides assurance services to clients who are developing and executing transformational strategies, such as launching an initial public offering (IPO) both in local markets and overseas. We provide regulatory and reporting support and advice across all jurisdictions in international capital markets. We are looking for a Manager to join the team to oversee capital markets clients and engagements in the MENA region.

This role will be based either in Qatar or our KSA locations and will support MENA client engagements. Based on business need travel will be a requirement.

**Your key responsibilities**

As a Manager you’ll be responsible for participating and /or managing FAAS engagements, while collaborating with the partner, senior manager and client to determine a FAAS strategy that appropriately addresses risk and manages client expectations relating to deliverables.

To this end you’ll ensure that the FAAS engagement team understands the client's needs and expectations and that the work product is client-focused, clear, accurate and well-presented; ensure work is delivered timely and in compliance with regulatory requirements and monitor the FAAS engagement team's performance against the budget, and alter if necessary.

In addition identifying and communicating relevant trends, developments and key performance drivers relevant to the client will be essential as well consulting with appropriate resources on complex accounting issues and participating in sales of new FAAS work.

**Skills and attributes for success**

Pro
- activity, accountability and results
- driven people will flourish in this environment. Dealing with competing priorities, understanding how to manage resources and communicating effectively are key skills. This will have a huge impact on those around you and help promote a positive work ethic.

**To qualify for the role, you must have**
- Minimum 5+ years of experience working with a consulting firm, in an accounting advisory domain
- Experienced in conducting banking and insurance Audits (PCAOB audit experience is a preference)
- CPA/CA/ACCA certification
- Prior working knowledge in debt and equity capital market transaction
- Deep understanding of the client's industry and marketplace
- Strong management skills to lead teams, delegate appropriately, mentor, review performance and counsel employees
- Flexibility and willingness to travel on short notice, as necessary

**Ideally, you’ll also have**
- Experience in the Middle East & North Africa region

**What we look for**

We are interested in entrepreneurs who have the confidence to develop and promote a brand new strategic vision both internally and externally. You will be business savvy with a passion for innovation as well as the motivation to create your own EY journey.

**What we offer**

We offer a competitive compensation package where you’ll be rewarded based on performance and recognized for the value you bring to our business. Plus, we offer:

- **Continuous learning**: You’ll develop the mindset and skills to navigate whatever comes next.
- **Success as defined by you**: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
- **Transformative leadership**: We’ll give you the insights, coaching and confidence to be the leader the world needs.
- **Diverse and inclusive culture**: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

**If you can demonstrate that you meet the criteria above, please contact us as soon as possible.
**The exceptional EY experience. It’s yours to build.
**EY | Building a better working world**

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new a

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Financial Statements Consolidation Reporting Assistant Manager

The role holder is responsible for collating financial information, liaising with auditors, creating consolidated financial statements, maintaining the calendar and ensuring its adherence for closing, and supporting the Financial Reporting Consolidation department to align with strategy and objectives. The role holder shall perform duties in accordance with business policies and procedures.

Job Responsibilities

• Coordinate with internal and external auditors to review and audit STC Consolidated financial statements quarterly and annually.
• Support the production of group consolidated financial statements in accordance with accounting standards and CMA regulations.
• Prepare monthly, quarterly, and annual financial reports and assist in reviews of these documents.
• Create STC’s consolidated financial statements reports complying with policies, standards, and regulations.
• Ensure timely identification and compliance with evolving accounting guidance; interpret standards and prepare technical memorandums clearly and comprehensively.

Additional Responsibilities

• Create and maintain the STC calendar to inform parties of deadlines for financial closing and reporting.
• Communicate and explain accounting issues and guidance relevant to financial reporting to management, in collaboration with the Policy and Procedure department.
• Support month-end and year-end closing processes.
• Coordinate with counterparts within STC to harmonize policies under the STC Reform.
• Produce actual-to-actual consolidation reports.
• Assist in coordinating annual audits and quarterly reviews with internal and external auditors.
• Prepare the annual PIF group reporting package required by PIF.

Experience

Minimum 5 years of experience.

Preferred Experience

• Supervisory experience in financial statement reporting within large-scale, service-oriented industries.
• Experience within the KSA or Middle East region, with knowledge of regulatory environments.

Job Band

Senior Professional

Skills & Education

Bachelor’s Degree in Accounting; Master’s Degree in Accounting preferred.

Certifications

Professional certifications such as CMA, ACCA, CPA, CIA, SOCPA, or related disciplines are preferred.

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The Role
We have an urgent requirement for a highly experienced Real Estate Financial Accounting Director - Saudi National to join a leading multinational organsation in Saudi Arabia.

Requirements
Requirements: - Bachelor's degree in Finance or related field. - 15+ years' of experience in a similar role. - Background experience in real estate. - Excellent knowledge of Financial Reporting and Regulatory laws with strong and demonstrated experience in policies and procedures. - Saudi Nationals.

About the company
The name MENASA originates from both the geographical region of Middle East, North Africa & South Asia as well as the Arabic word for platform or stage. We provide the platform for employers to approach the best global talent available. Menasa & Partners is a privately owned, fully licensed, Executive Search company head-quartered in Dubai, UAE. From our head office in Dubai we are ideally placed to assist organizations in the global search for talent. We specialize in providing companies not only with suitable individuals to work in their organizations but also offer unparalleled knowledge of the global markets. Our staff all have in depth knowledge of their vertical markets therefore offering tailored strategic advice.