6 Financial Statements jobs in Riyadh

Responsibilities

• Lead and manage the accounts payable team, providing guidance, training, and performance evaluations.
• Oversee the full-cycle AP process, including invoice processing, payment runs, vendor reconciliations, and month-end close activities.
• Ensure compliance with internal controls, company policies, and regulatory requirements.
• Maintain accurate records of all accounts payable transactions and ensure timely resolution of discrepancies.
• Collaborate with procurement, finance, and other departments to streamline processes and improve efficiency.
• Manage vendor relationships and respond to inquiries in a timely and professional manner.
• Monitor key AP metrics and prepare reports for senior management.
• Support audits by providing necessary documentation and responding to auditor inquiries.
• Identify and implement process improvements and automation opportunities.

• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum of 6 years of experience in accounts payable, with at least 2 years in a supervisory or managerial role.
• Strong knowledge of accounting principles and AP best practices.
• Proficiency in ERP systems SAP S4
• Excellent analytical, organizational, and problem-solving skills.
• Strong communication and interpersonal skills.
• Familiarity with automation tools and digital workflows.

Responsibilities

• Lead and manage the accounts payable team, providing guidance, training, and performance evaluations.
• Oversee the full-cycle AP process, including invoice processing, payment runs, vendor reconciliations, and month-end close activities.
• Ensure compliance with internal controls, company policies, and regulatory requirements.
• Maintain accurate records of all accounts payable transactions and ensure timely resolution of discrepancies.
• Collaborate with procurement, finance, and other departments to streamline processes and improve efficiency.
• Manage vendor relationships and respond to inquiries in a timely and professional manner.
• Monitor key AP metrics and prepare reports for senior management.
• Support audits by providing necessary documentation and responding to auditor inquiries.
• Identify and implement process improvements and automation opportunities.

• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum of 6 years of experience in accounts payable, with at least 2 years in a supervisory or managerial role.
• Strong knowledge of accounting principles and AP best practices.
• Proficiency in ERP systems SAP S4
• Excellent analytical, organizational, and problem-solving skills.
• Strong communication and interpersonal skills.
• Familiarity with automation tools and digital workflows.

Description

Prepare and assist in the preparation and initial review of the financial statements of entities administered by the Private Equity department in a timely, efficient and accurate manner adhering to the highest standards. More senior levels may also be expected to supervise and train junior staff.

ACCA / ACA / CPA /CIMA / Other equivalent

• Knowledge of regulatory issues, book-keeping
• Technical accounting knowledge (US /UK GAAP and IFRS)
• Ideally, knowledge of Guernsey Company Law

• Intermediate Excel skills (including Excel - Macro skills)
• Time Management & Organisational
• Working to Deadlines
• Accurate with attention to details
• Effective Communication skills (Verbal & Written)

Timetables:-

• Prepare and circulate accounts and tax timetables
• Support in planning activity of team Liaising with fund administrators
• Preparation and review of management fee calculations
• Advise on potential accounting issues & best practises

Client Reporting:-

• Critical background knowledge of entities worked on
• Effective communication with client, investors and other associated parties (based worldwide)
• Dealing with investor queries in an efficient and timely manner
• Issuing tax forms to investors prepared by client tax advisers
• Able to prepare and issue ad-hoc reports to client

Proforma Accounts:-

• Design proforma accounts, ensuring they are in accordance with appropriate regulations/standards
• Agree proforma with clients/auditors
• Maintain capital accounts for limited partnerships

Preparation of Accounts:-

• Liaising with other departments.
• Maintenance of client relationships
• Liaising re closing down of accounting periods
• Checking & maintaining ledger integrity
• Preparing standard accounts file
• Completion of appropriate checklists
• Liaising with auditors
• Preparing accounts for manager review/clearing points
• Sending accounts for inclusion in board packs
• Provision of information for US and UK tax returns

Bookkeeping / Cash Management:-

• Good understanding of bookkeeping including more complex transactions
• Understands cash management procedures for specific entities
• Able to check bank account reconciliations on a monthly basis
• Able to check cash reports on a monthly basis

Calls/Distributions:-

• Understands the call/distribution process
• Able to calculate the call/distribution amounts for recommendation by client
• Liaises with client and investors regarding receipt/payment of monies
• Liaises with financial institutions receiving or making payment of funds
• Reviews and maintains records

Company Secretarial Knowledge:-

• Understands Company Secretarial Procedures
• Understands how to prepare and review Company Minutes
• Understands how to prepare and review Company Agenda

Transfer of Shares or Limited Partnership Interests:-

• Understands the process applicable to the entity
• Understands anti-money laundering regulations and how to maintain records

Compliance and Regulation:-

• Has an understanding of the main Guernsey legislation as it effects entities under administration i.e. Guernsey Company Law, POI and FNCC legislation.

• Experience in preparing accounts
• Experience in Funds/Private Equity
• Previous supervisory experience

Overview

Responsible for preparing accurate financial reports, conducting financial analysis, ensuring compliance with IFRS, and handling VAT reporting. Supports budgeting, forecasting, and month-end/year-end closing activities.

• Prepare monthly, quarterly, and annual financial statements in compliance with IFRS.
• Conduct financial analysis and variance reporting to support management decisions.
• Ensure timely and accurate VAT filing and compliance with local tax regulations.
• Support monthly and yearly closing processes.
• Assist in budgeting, forecasting, and financial planning.
• Maintain financial data accuracy in ERP systems.
• Coordinate with internal and external auditors.
• Improve reporting processes and financial controls.

• Bachelor’s degree in Accounting or Finance.
• 4–6 years of experience in financial reporting and analysis.
• Strong knowledge of IFRS and VAT regulations.
• Proficient in Excel and ERP systems (e.g., SAP, Oracle).
• Strong analytical and communication skills.

We are a leading, diversified holding company with a significant portfolio of investments across multiple high-growth sectors, including but not limited to Water & Infrastructure, Power & Energy, Industrial Services, and Technology. Our success is built on a strategy of strategic acquisition, active portfolio management, and a commitment to operational excellence across our group of subsidiaries.

We are seeking a strategic and analytical Head of Financial Planning & Reporting to lead the financial planning, budgeting, forecasting, and management reporting functions for the entire holding group. This role is critical in providing the executive leadership and board with the insights needed to make informed capital allocation and strategic decisions. The ideal candidate will be a technically proficient finance leader who can navigate the complexity of a multi-entity structure, drive standardization, and act as a trusted advisor to the CFO and subsidiary finance teams.

• Lead the annual budgeting and quarterly forecasting processes for the holding company and consolidate results from all subsidiaries.
• Develop and maintain long-range strategic financial models to evaluate scenarios, growth initiatives, and potential investments.
• Analyze financial and operational results against budgets, forecasts, and prior periods to understand key business drivers and performance trends.
• Prepare detailed variance analysis and articulate the "story behind the numbers" to senior management.

• Own the production and delivery of all timely, accurate, and insightful internal management reports, dashboards, and KPIs for the executive team and board of directors.
• Ensure reporting provides a clear view of performance at both the holding company level and for each strategic business unit.
• Continuously improve reporting tools, processes, and formats to enhance clarity, efficiency, and decision-usefulness.

• Partner with the M&A and corporate development teams to model the financial impact of potential acquisitions, divestitures, and new investments.
• Monitor and report on capital expenditure (CAPEX) across the group.
• Support the CFO in optimizing the group's capital structure and liquidity planning.

• Manage and develop a high-performing FP&A team.
• Drive the standardization of financial reporting, planning processes, and key metrics across all subsidiaries to ensure consistency and comparability.
• Evaluate and implement advanced FP&A systems and tools to automate processes and enhance analytical capabilities.

• Serve as a key liaison between the corporate finance function and the finance leaders of subsidiary companies.
• Partner with the CFO and executive team on special projects, including strategic planning, investor relations materials, and financing activities.

To be successful in this high-impact role within a complex holding company environment, a candidate must possess a unique blend of technical expertise, strategic vision, and interpersonal skills.

• Non-negotiable Expertise: Expert-level proficiency in financial modeling (in Excel), with a proven ability to build integrated, three-statement (Income Statement, Balance Sheet, Cash Flow) models from scratch. Experience modeling consolidation for multiple entities is critical.
• Systems Proficiency: Deep experience with enterprise-level ERP systems (e.g., SAP, Oracle) and advanced FP&A software (e.g., Hyperion, Adaptive Insights, OneStream) is essential to manage the volume and complexity of data.

• Beyond Reporting: You must move beyond simply reporting numbers to providing strategic insights. This requires a deep curiosity about the business, the competitive landscape of our diverse industries, and the ability to translate data into actionable recommendations for the CFO and CEO.
• Investment Analysis: Strong capability in evaluating business cases, ROI, NPV, and IRR analyses for new projects and potential acquisitions is paramount in a holding company that grows through investment.

• Core Competency: This is perhaps the most critical differentiator for a holding company role. You must have extensive, hands-on experience consolidating financials from multiple, often disparate, subsidiaries. This includes managing intercompany eliminations, foreign currency translation, and equity accounting for investments.
• Standardization Champion: The ability to design and enforce common chart of accounts, reporting templates, and KPIs across different businesses is key to creating a coherent view of group performance.

• Influence without Direct Authority: As a corporate center role, you will need to influence and guide finance teams at subsidiary companies without having a direct reporting line to them. This requires exceptional diplomacy, communication, and relationship-building skills.
• Executive Presence: You must be able to communicate complex financial information clearly, concisely, and persuasively to senior executives and the board, both verbally and in writing.

• Professional Certification: A recognized professional accounting qualification (e.g., CPA, CA, ACCA) is typically mandatory. An MBA or CFA would be a strong advantage.
• Proven Track Record: A minimum of 12-15 years of progressive finance experience, with at least 5-7 years in a senior FP&A or Group Reporting leadership role, preferably within a large, multi-national corporation or a diversified holding group.
• Sector Agnostic, Process Focused: While industry experience can be beneficial, a demonstrated ability to quickly understand new business models and a focus on robust financial processes is more important.

We Offer a competitive tax-free compensation package, including performance-based incentives, and the opportunity to play a pivotal role in the strategic direction of a dynamic and growing organization.

• Seniority level: Director
• Employment type: Full-time
• Job function: Finance
• Industries: Staffing and Recruiting