Summary
Canon Middle East is seeking a Finance Lead for its operations in KSA, based in Riyadh. The role oversees financial and management accounting, budgeting, cash flow, cost control, month-end close, financial reporting and internal controls, and leads a team of two finance specialists. Responsibilities also include accounts payable, inventory analysis, audit coordination, lease accounting under US GAAP and support for the Financial Controller. Applicants need at least 10 years of overall experience, four years in a similar finance management role, multinational-company experience, a professional accounting certification and a BBA in accounting, finance or business administration; an MBA is preferred, and Arabic is a plus.
The posting
As published on canon-me.com. Pulled from the employer's site and shown as they wrote it.
MAIN OBJECTIVE OF THE ROLE
To take full responsibility of the financial accounting, management accounting, budgeting, cash flow, cost control and profitability of Canon operations in KSA
Lead and manage a team of 2 finance specialists.
To take full responsibility for the Financial Month Close and all Financial Reporting.
To develop, implement and monitor the internal controls.
To achieve Inventory Level targets in coordination with the Marketing, Service and Supply Chain Department.
To be responsible for the Accounts Payable Function by posting invoices, expense claims, payments and other related journal entries
Responsibilities
Accounting
Finalization of Monthly and Annual Financial Accounts to ensure timely preparation of Monthly Reports with Actual v Budget within Canon’s guidelines.
Prepare monthly accruals, depreciation, prepaid, inventory provision and other month end financial adjustments.
Prepare monthly Balance Sheet reconciliations.
Booking of financial entries.
Overall assistance in daily routine work including Payables, Payments, Accounting, Banking, Sales Invoice Posting, etc.
Supervision and assistance to junior team members as required with accounting matters.
Coordination with auditors for Financial Year-End Audit.
Lease Accounting – ensure lease accounts are maintained as per US GAAP.
Petty Cash Control and financial entry booking.
Reporting
Preparation of Monthly Financial Reports – Balance Sheet, P&L.
Inventory Report, analysis and leading monthly meetings with Marketing, Supply Chain and Service to achieve Target.
Other ad hoc reports and analysis as required by Financial Controller.
General
Manage Cash Flow.
Develop, document, implement and maintain Internal Control Policies and Procedures.
Maintain and update Financial and Accounting records/filing of the department.
Act as support to Financial Controller and deputize in his absence.
Gain a strong understanding of the ERP system and implement various modules and improvements with the assistance of ICT.
Offer support to other Finance team members.
Carry out other duties as assigned by the Financial Controller.
Qualifications
Minimum 10 years of overall work experience
Experience in multinationals companies required
Practical “hands-on” exposure in a similar Finance management role (4 years minimum).
Professional accounting certification (CA, CPA, CMA, etc, required).
Accounting, finance or business administration BBA degree
MBA preferred but not must
Arabic language preferred and is a plus