8 Financial Reporting jobs in Saudi Arabia

Join to apply for the Financial & Reporting Manager role at Neweast Group .

Job Description :
Neweast Isuzu is seeking a highly skilled and experienced Financial & Reporting Manager to join our finance team. The Financial & Reporting Manager will be responsible for overseeing the company's financial reporting, ensuring accurate and timely financial data, and supporting strategic decision-making through detailed analysis and financial insights. This role requires a strong understanding of accounting principles, reporting standards, and financial management, and the successful candidate will play a critical role in improving financial processes and driving business performance.

Key Responsibilities :

• Lead the preparation, consolidation, and analysis of financial reports, ensuring accuracy and compliance with local regulations and international financial reporting standards (IFRS).
• Prepare monthly, quarterly, and annual financial statements, including profit and loss accounts, balance sheets, and cash flow statements.
• Manage financial reporting processes and ensure deadlines are met while maintaining high-quality standards.
• Analyze financial performance, identify key trends, and provide actionable insights to senior management.
• Assist in budgeting, forecasting, and financial planning, ensuring alignment with business objectives.
• Ensure compliance with tax regulations and manage corporate tax filings.
• Monitor and assess the financial performance of business units and departments, providing recommendations for improvements.
• Support the external audit process, ensuring all necessary documentation is prepared and compliant with auditing standards.
• Oversee the implementation and continuous improvement of financial systems and processes to enhance efficiency and accuracy.
• Provide support for decision-making by producing financial models, ad-hoc reports, and variance analysis.
• Liaise with internal departments, external auditors, and regulatory authorities to ensure proper financial governance.

Qualifications :

• Bachelor's degree in Accounting, Finance, or a related field.
• Professional accounting certification (CPA, ACCA, CMA, or equivalent) is highly preferred.
• 5+ years of experience in financial management and reporting, with at least 2 years in a managerial or senior role.
• Strong knowledge of financial reporting standards (IFRS), accounting principles, and tax regulations.
• Proven experience with financial analysis, budgeting, forecasting, and reporting.
• Advanced proficiency in financial software, ERP systems, and Microsoft Office Suite (Excel, Word, PowerPoint).
• Strong analytical skills with the ability to interpret complex financial data and present it in a clear and concise manner.
• Excellent organizational skills and the ability to manage multiple priorities in a fast-paced environment.
• Fluent in English; proficiency in Arabic is preferred.

Join Our Team!

If you are a qualified Financial & Reporting Manager with a strong background in financial analysis and reporting, apply today to be a key part of Neweast Isuzu's success!

• Mid-Senior level

• Full-time

• Accounting/Auditing and Finance

• Motor Vehicle Parts Manufacturing

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The Financial Reporting & Control Director will oversee and manage the financial accounting, reporting and control functions within the organization, ensuring compliance with accounting principles, regulations, and internal policies. The role will be responsible for maintaining the integrity of financial records, preparing accurate financial statements, and conducting internal reviews to identify risks and control deficiencies. This role will oversee financial accounting, reporting and taxation, in addition to the development and implementation of financial control procedures, policies, and systems to safeguard assets, mitigate risks, and enhance financial transparency and accountability. This role will also provide guidance and training to finance staff on financial control matters, promote a culture of accountability and ethics, and drive continuous improvement initiatives to optimize financial processes and controls

Responsibilities:

Financial Accounting & Reporting Management : Lead, manager and oversee the financial accounting and reporting processes, ensuring accurate and timely reporting of financial results. Oversee the preparation of consolidated financial statements in accordance with applicable accounting standards and regulatory requirements. Analyze and interpret financial data to provide insights and recommendations to senior management. Moreover, manage and oversee tax compliance activities and reporting.

Internal Controls Management : Develop, implement, and monitor internal control systems to safeguard assets, prevent fraud, and ensure compliance with company policies, regulatory requirements, and industry standards. Communicate financial performance, risks, and control issues to senior management, board of directors, audit committee, and other stakeholders through regular reporting, presentations, and discussions

Financial Policy Development: Develop, review, and update financial policies, procedures, and guidelines to ensure consistency, transparency, and accountability in financial operations. Communicate policies to relevant stakeholders and provide training as needed.

Budgetary Control and Monitoring : Establish budgetary controls, monitor budget performance, and analyze variances to identify areas of concern or opportunities for cost optimization. Provide guidance and support to departmental managers in budget preparation and expenditure tracking.

Financial Reporting Oversight: Oversee the preparation and dissemination of accurate and timely financial statements, including income statements, balance sheets, and cash flow statements, in compliance with accounting standards and regulatory guidelines. Ensure accurate and timely financial reporting in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS).

Compliance Management: Ensure compliance with relevant laws, regulations, and reporting requirements imposed by regulatory authorities of KSA. Stay updated on changes in regulatory requirements and ensure timely filings and disclosures.

Risk Assessment and Mitigation : Identify, assess, and mitigate financial risks inherent in the business, including operational, financial, and compliance risks. Implement risk management strategies and controls to minimize exposure to risks and ensure business continuity.

Internal Audit Coordination: Coordinate internal audit activities, including risk assessments, audit planning, fieldwork, and reporting. Collaborate with internal audit teams to address audit findings, deficiencies, and recommendations for improving controls and processes.

External Audit Support: Coordinate external audit activities, including audit planning, fieldwork, and resolution of audit inquiries and requests. Ensure timely and accurate provision of information to auditors and facilitate the audit process to minimize disruptions to business operations.

Process Improvement: Identify opportunities for process improvements, efficiency gains, and automation in financial control processes. Implement best practices, tools, and technologies to enhance the effectiveness and efficiency of financial control operations.

• Bachelor's degree in Finance, Accounting, Economics, or a related field is required. An MBA or certification such as Certified Financial Controller (CFC) is preferred.
• At least 12 years of experience in finance, accounting, internal audit, or related roles. Experience in financial control, internal controls, risk management, and regulatory compliance is highly desirable. Candidates with experience in public accounting firms, corporate finance departments, or financial services organizations.

• Seniority level Director

• Employment type Full-time

• Job function Finance
• Industries Software Development

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Al Khobar, Eastern, Saudi Arabia 1 month ago

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About the job

The Financial Reporting & Control Director will oversee and manage the financial accounting, reporting and control functions within the organization, ensuring compliance with accounting principles, regulations, and internal policies. The role will be responsible for maintaining the integrity of financial records, preparing accurate financial statements, and conducting internal reviews to identify risks and control deficiencies. This role will oversee financial accounting, reporting and taxation, in addition to the development and implementation of financial control procedures, policies, and systems to safeguard assets, mitigate risks, and enhance financial transparency and accountability. This role will also provide guidance and training to finance staff on financial control matters, promote a culture of accountability and ethics, and drive continuous improvement initiatives to optimize financial processes and controls

Responsibilities:

Financial Accounting & Reporting Management : Lead, manager and oversee the financial accounting and reporting processes, ensuring accurate and timely reporting of financial results. Oversee the preparation of consolidated financial statements in accordance with applicable accounting standards and regulatory requirements. Analyze and interpret financial data to provide insights and recommendations to senior management. Moreover, manage and oversee tax compliance activities and reporting.

Internal Controls Management : Develop, implement, and monitor internal control systems to safeguard assets, prevent fraud, and ensure compliance with company policies, regulatory requirements, and industry standards. Communicate financial performance, risks, and control issues to senior management, board of directors, audit committee, and other stakeholders through regular reporting, presentations, and discussions

Financial Policy Development: Develop, review, and update financial policies, procedures, and guidelines to ensure consistency, transparency, and accountability in financial operations. Communicate policies to relevant stakeholders and provide training as needed.

Budgetary Control and Monitoring : Establish budgetary controls, monitor budget performance, and analyze variances to identify areas of concern or opportunities for cost optimization. Provide guidance and support to departmental managers in budget preparation and expenditure tracking.

Financial Reporting Oversight: Oversee the preparation and dissemination of accurate and timely financial statements, including income statements, balance sheets, and cash flow statements, in compliance with accounting standards and regulatory guidelines. Ensure accurate and timely financial reporting in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS).

Compliance Management: Ensure compliance with relevant laws, regulations, and reporting requirements imposed by regulatory authorities of KSA. Stay updated on changes in regulatory requirements and ensure timely filings and disclosures.

Risk Assessment and Mitigation : Identify, assess, and mitigate financial risks inherent in the business, including operational, financial, and compliance risks. Implement risk management strategies and controls to minimize exposure to risks and ensure business continuity.

Internal Audit Coordination: Coordinate internal audit activities, including risk assessments, audit planning, fieldwork, and reporting. Collaborate with internal audit teams to address audit findings, deficiencies, and recommendations for improving controls and processes.

External Audit Support: Coordinate external audit activities, including audit planning, fieldwork, and resolution of audit inquiries and requests. Ensure timely and accurate provision of information to auditors and facilitate the audit process to minimize disruptions to business operations.

Process Improvement: Identify opportunities for process improvements, efficiency gains, and automation in financial control processes. Implement best practices, tools, and technologies to enhance the effectiveness and efficiency of financial control operations.

Minimum qualifications:

• Bachelor's degree in Finance, Accounting, Economics, or a related field is required. An MBA or certification such as Certified Financial Controller (CFC) is preferred.
• At least 12 years of experience in finance, accounting, internal audit, or related roles. Experience in financial control, internal controls, risk management, and regulatory compliance is highly desirable. Candidates with experience in public accounting firms, corporate finance departments, or financial services organizations.

Objective
A financial reporting specialist is responsible for analyzing and interpreting financial data and producing reports for internal and external stakeholders. The reports may include financial statements, budgets, forecasts, and other financial information that helps management make informed decisions.

Key Responsibilities
• Analyze financial data and produce reports for management
• Prepare and present financial statements and disclosures
• Ensure compliance with accounting standards and regulations
• Perform variance analysis to identify trends and explain deviations
• Assist in the preparation of annual budgets and forecasts
• Collaborate with cross-functional teams to improve financial processes and systems
• Communicate financial results and insights to stakeholders
• Develop and maintain financial models and tools

Qualifications
• Education: Bachelor's degree in accounting, finance, or related field
• Experience: 1-3 years of experience in financial analysis or reporting
• Competencies and skills:
• Proficient in Microsoft Excel and other financial software
• Excellent communication and interpersonal skills
• Attention to detail and accuracy
• Knowledge of International Reporting Standards (IFRS) and regulations

Company Industry

• Automotive
• Auto Accessories

Department / Functional Area

• Finance
• Treasury

Keywords

• Specialist
• Financial Planning And Reporting

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This role isresponsible for overseeing the company's financial statement reporting and SAMA/regulatory reporting functions. This role ensures the development and execution of financial reporting frameworks to comply with regulatory requirements and industry best practices. The manager also provides strategic financial reporting tools to support senior leadership decision-making and acts as a key liaison between the finance department and business units, control, and risk functions.

• Lead the preparation and consolidation of financial statements, ensuring compliance with SAMA regulations, IFRS, and local statutory requirements.
• Oversee the development and implementation of financial reporting guidelines and protocols to ensure the company meets all regulatory requirements and adheres to best financial practices.
• Deliver accurate and timely financial reports to internal and external stakeholders, including SAMA, auditors, and senior management.
• Suggests improvements as required to ensure accurate and complete financial reporting process.
• Ensure regulatory reporting is completed in accordance with SAMA regulations, accounting standards, and submitted within deadlines.
• Advise senior management on reporting changes, market trends, and compliance needs, recommending optimal reporting approaches.
• Act as the main point of contact for SAMA and other regulatory bodies, providing detailed explanations for financial movements and responding to regulatory requests.
• Collaborate with senior management on strategic financial planning, aligning financial reporting practices with long-term company goals.
• Lead the communication and reporting processes between finance and other departments to address all finance-related issues.
• Oversee external audit processes, ensuring timely and accurate communication with auditors on financial disclosures and accounting issues.
• Manage and mentor the financial reporting team, ensuring high levels of productivity and adherence to professional standards.
• Participate in the ongoing development and implementation of systems and tools to enhance reporting capabilities.
• Stay up-to-date on financial regulations, accounting practices, and industry trends through continuous learning and networking.
• ERP Oracle System.

Control Related:

• Create and maintain an ethical environment within the finance division, demonstrating integrity and leadership.
• Ensure the team understands and complies with fraud detection and prevention protocols, reporting any suspicious activity.
• Cooperate with internal audit teams to implement recommendations and maintain robust fraud prevention measures.
• Ensure full compliance with the company's Anti-Fraud Management and Detection (AFMD) policies and procedures.
• Promote adherence to the highest ethical standards as outlined in the Code of Conduct and Professional Ethics.

Operational Risk:

• Ensure company-wide compliance with the Operational Risk Management Policy, reporting incidents promptly and working to bridge internal control gaps.

Compliance:

• Ensure adherence to all applicable laws and regulations, reporting any violations or financial crimes, including money laundering or terrorist financing activities.

Qualifications & Experiences:

• Bachelor's or master's degree in accounting or finance.
• 6-10 years of experience in financial control, accounting, and regulatory reporting functions, ideally within the banking or financial services industry.

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Finance and Accounting/Auditing
• Industries Financial Services, Banking, and Insurance

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This role isresponsible for overseeing the company's financial statement reporting and SAMA/regulatory reporting functions. This role ensures the development and execution of financial reporting frameworks to comply with regulatory requirements and industry best practices. The manager also provides strategic financial reporting tools to support senior leadership decision-making and acts as a key liaison between the finance department and business units, control, and risk functions.

• Lead the preparation and consolidation of financial statements, ensuring compliance with SAMA regulations, IFRS, and local statutory requirements.
• Oversee the development and implementation of financial reporting guidelines and protocols to ensure the company meets all regulatory requirements and adheres to best financial practices.
• Deliver accurate and timely financial reports to internal and external stakeholders, including SAMA, auditors, and senior management.
• Suggests improvements as required to ensure accurate and complete financial reporting process.
• Ensure regulatory reporting is completed in accordance with SAMA regulations, accounting standards, and submitted within deadlines.
• Advise senior management on reporting changes, market trends, and compliance needs, recommending optimal reporting approaches.
• Act as the main point of contact for SAMA and other regulatory bodies, providing detailed explanations for financial movements and responding to regulatory requests.
• Collaborate with senior management on strategic financial planning, aligning financial reporting practices with long-term company goals.
• Lead the communication and reporting processes between finance and other departments to address all finance-related issues.
• Oversee external audit processes, ensuring timely and accurate communication with auditors on financial disclosures and accounting issues.
• Manage and mentor the financial reporting team, ensuring high levels of productivity and adherence to professional standards.
• Participate in the ongoing development and implementation of systems and tools to enhance reporting capabilities.
• Stay up-to-date on financial regulations, accounting practices, and industry trends through continuous learning and networking.
• ERP Oracle System.

Control Related:

• Create and maintain an ethical environment within the finance division, demonstrating integrity and leadership.
• Ensure the team understands and complies with fraud detection and prevention protocols, reporting any suspicious activity.
• Cooperate with internal audit teams to implement recommendations and maintain robust fraud prevention measures.
• Ensure full compliance with the company's Anti-Fraud Management and Detection (AFMD) policies and procedures.
• Promote adherence to the highest ethical standards as outlined in the Code of Conduct and Professional Ethics.

Operational Risk:

• Ensure company-wide compliance with the Operational Risk Management Policy, reporting incidents promptly and working to bridge internal control gaps.

Compliance:

• Ensure adherence to all applicable laws and regulations, reporting any violations or financial crimes, including money laundering or terrorist financing activities.

Qualifications & Experiences:

• Bachelor's or master's degree in accounting or finance.
• 6-10 years of experience in financial control, accounting, and regulatory reporting functions, ideally within the banking or financial services industry.

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Finance and Accounting/Auditing
• Industries Financial Services, Banking, and Insurance

Get notified about new Financial Reporting Manager jobs in Riyadh, Saudi Arabia .

Riyadh, Riyadh, Saudi Arabia 22 hours ago

Riyadh, Riyadh, Saudi Arabia 23 hours ago

Riyadh, Riyadh, Saudi Arabia 19 hours ago

We're unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.