Summary
Nestlé is hiring an Accounting Manager in Jeddah, Saudi Arabia, to lead accounting, reporting, compliance, and financial stewardship for the operating company. The role provides financial performance analysis to leadership, oversees statutory and corporate reporting, internal controls, tax and audit requirements, and customer credit reviews and collections. It also works with the Center of Scale on service quality and process improvements, and supports cost optimization and capability development. Requirements include a CPA or a university master’s degree in business administration, finance, or accounting, eight years of management experience, FMCG industry experience, and proficiency in English and Arabic; international experience and a Big Four audit background are advantages.
The posting
As published on nestle.com. Pulled from the employer's site and shown as they wrote it.
Title: Manager, Accounting
Location: Jeddah, Saudi Arabia
Main Purpose of Job
Drive the F&C Mission in the Opertaing Company (OPC): Co-pilot the OPC by providing leadership to the business decision-making, Ensure Rock Solid Accounting & reporting, while ensuring the highest standards for stewardship and governance throughout the company and developing skilled professional.
A Day in Life..
- Provide monthly visibility on financial performance to leadership team to enable informed decision making: support Operations, Businesses and Costing teams of the MENA regional office in understanding variances and providing recommandations for the YTG (MOGE, COD, COGS, PFME, PRO, other P&L lines items)
- Responsible for accurate, transparent, consistent and timely Financial Accounting records (PEC) and reporting submissions (statutory and Magnitude), in full compliance with NAS and other corporate and local legal standards.
- Drive Compliance in the OPC relating to local legal, tax and Audit requirements while ensuring that effective internal controls are established, maintained and monitored throughout the company, and understood by all stakeholders.
- Drives and monitors the credit reviews for new and existing customers, the determination of their credit limits and their assignment to risk categories. Accountable for release/reject of sales orders due to credit issues
- Ensures regular and effective reporting of the Key Performance (KPIs/PPIs/HealthChecks) and Credit Management and Collection activities to minimize risk and proactively identify problem areas using analytical tools.Oversee KPIs and PPIs involved in Credit Management and Collections processes
- Manages the relationship with Center of Scale (COS) by driving Total Service Quality Monthly review actions
- Support continuous improvement initiatives are implemented with Center of Scale across R2R services to drive tangible benefits to the business, leveraging NCE methodologies, while addressing market needs and standardization. "
- Drive cost optimization and reduction in areas of TTS, MOGE, COD
- Development of Finance and non-Finance capabilities within the country.
- Optimize structural set-up, identify new business models and opportunities and provide different analysis providing an objective viewpoint and holistic perspective to the decision-making processes.
- Drive process improvement to ensure simplicity and efficiency together with IS IT / Business Improvement; keeping all work processes and systems up-to-date in the market, driving in all we do to support value creation.
What will Make you Sucessful?
- CPA/University Master’s Degree in Business Administration, Finance or Accounting
- 8 years of prior management experience (e.g. : Financial Controlling, Functional Controlling, Audit)
- Fast moving consumer goods (FMCG) industry experience
- International experience and mobility is an advantage
- Proficiency in English and Arabic
- Experience in a multinational FMCG or consumer goods / distribution company; Big 4 audit background is an advantage.
We are Nestlé, the largest food and beverage company. We are 308,000 employees strong driven by the purpose of enhancing the quality of life and contributing to a healthier future. Our values are rooted in respect: respect for ourselves, respect for others, respect for diversity and respect for our future. With more than CHF 91.4 billion sales in 2018, we have an expansive presence with 413 factories in more than 85 countries. We believe our people are our most important asset, so we'll offer you a dynamic inclusive international working environment with many opportunities across different businesses, functions and geographies, working with diverse teams and cultures. Want to learn more? Visit us at www.nestle.com.
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