6 Financial Statements jobs in Riyadh

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

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About Diaverum We are a purpose-driven organization – delivering life-enhancing renal care because everyone deserves a fulfilling life. Our standardized, world-class care delivery sets us apart. Diaverum provides life enhancing renal care to patients with Chronic Kidney Disease (CKD), enabling them to live fulfilling lives. We are one of the world’s leading providers of renal care and the largest service provider in the Middle East. Our core service is hemodialysis, but our expertise stretches far beyond this. We offer support and treatments ranging from preventive care, peritoneal dialysis and home care to the coordinated management of patients’ comorbidities and transplant services. At the heart of what we do is our highly standardized proprietary care delivery model, supported by a continuously evolving digital infrastructure.

Location: Riyadh, SA, 3734
Contract type: On-site, Full Time

The Head of Financial Reporting & Compliance’s main responsibilities include leading the statutory and management reporting and controllership function ensuring accurate and timely reporting of all closing activities. Initiates and leads change and transformation of finance policies and procedures, designed to improve functional effectiveness, quality and standardization across the affiliate. Develop, set and maintain all necessary financial controls, alert systems and processes to ensure data integrity.

• Ownership and Accountability for the R2R, ensuring that effective R2R delivery is performed in the country, including an overall management of close, country and group reporting requirements in line with the Diaverum policies.
• Ensure the integrity of the GL system, maintaining accurate and up-to-date entries for payroll, accounts receivable/payable, cash, depreciation, and other accounts.
• Maintain fixed asset registers, manage physical count and provide comprehensive financial reporting packages.
• Maintain cost allocation keys, cost center structures, and budgetary control procedures, ensuring accurate transactional-level approvals and compliance with the Delegation of Authority (DOA).
• Oversee vendor management, insurance renewals, and general administration sourcing.
• Provide financial analysis and recommendations to support business decisions and strategic planning, with cross-financial business partners, proactively contributing to the execution of corporate wide finance initiatives within the country.
• Coordinate the development, implementation, and enhancement of PowerBi Dashboards and Reports for financial reporting and analysis.
• Being responsible for conducting country review of Balance Sheet with the Management team.
• Assist the budgeting and forecasting process in collaboration with Business Planning & Control.
• Being the main point of contact for the Business Planning & Control Team with regard to Actual and Forecast comparisons where needed, ensuring adequate and timely root cause analysis to understand problem drivers and implementation of necessary corrections and/or changes.
• Escalation point of contact at country level, providing rapid resolution or escalation of all Global Accounting and Reporting critical issues impacting the business partners.
• Provide guidance on complex accounting matters and support business development from a financial operations lens.
• Accountability for the Statutory / Tax compliance commitment in the country for all the legal entities, ensuring compliance with IFRS, Tax, VAT, Transfer Pricing regulations and corporate laws.
• Ensure audit readiness by maintaining accurate records and documentation, supporting internal and external audits, supervising external audits and giving final sign-off to statutory accounts and financial statements.
• Accountability for the Diaverum internal audits and controls. Develop and monitor internal controls to ensure data integrity and safeguard company assets.
• Identify opportunities for process optimization, resource allocation, and continuous improvement within the finance function, ensuring policies and procedures are updated in response to changing environment and legislation.
• Lead, support, and develop a team of accounting professionals by setting clear objectives, coaching performance, and driving development plans.

• Professional accounting qualification such as CA, CPA, CMA, ACCA, or equivalent with a Bachelor’s degree in Accounting or Finance.

• Big Four background in audit or advisory followed by 5+ years of progressive finance experience ideally gained in an international-oriented & cross-functional environment.

• Strong accounting background and a strong working knowledge of IFRS, local Saudi regulations, Tax, VAT and Transfer Pricing regulations, Saudi Local Content Score requirements.
• Strong business acumen and broader business consciousness to align financial strategies with organizational goals.
• Ability to analyze data, identify trends, and provide actionable insights for business improvement.
• Excellent relationship-building, influencing, and communication skills to engage with stakeholders and business partners effectively.

• Fluent in Arabic and English (spoken and written).

• Experience with ERP systems, proficiency in PowerBi, Microsoft Excel, and other financial tools.

This is a great opportunity to join a purpose-driven and growing healthcare organization that values competence, inspiration, and passion. Join a global team where your contribution matters — and where every role supports the delivery of life-enhancing renal care.

Senior Specialist, Financial Planning and Reporting 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.

• 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

• Bachelor's degree in accounting, finance, or related field
• 1-3 years of experience in financial analysis or reporting
• Strong analytical and problem-solving 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

Senior Specialist, Financial Planning and Reporting 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.

• 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

• Bachelor's degree in accounting, finance, or related field
• 1-3 years of experience in financial analysis or reporting
• Strong analytical and problem-solving 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