Financial Reporting Manager

Job Purpose:

The Group Reporting Manager is responsible for overseeing and managing all financial reporting activities for the organization. He/She will report to the Finance Controller and shall be responsible for ensuring all financial reports are accurate, timely, and in compliance with company and applicable accounting standards and regulations. He/she should be a professionally qualified accountant with a strong analytical and problem-solving attitude and have a proactive approach to dealing with the jobs assigned.

Responsibilities :

1- Policies & Procedures :

• Ensure implementation and control of group policies and procedures.
• Ensuring compliance with all accounting standards, regulations, and internal policies and procedures.
• To Develop and implement process improvements to streamline financial reporting processes and enhance efficiency and accuracy.

2- Accounting & Financial Reporting :

• Overseeing the preparation and consolidation of financial statements for the group, including balance sheets, income statements, and cash flow statements.
• Managing the month-end, quarter-end, and year-end close processes to ensure deadlines are met and financial reports are accurate.
• Monitor and analyze financial trends and variances and provide recommendations for improvement to senior management.
• Providing financial analysis and insights to senior management to support decision-making and strategic planning.
• To ensure all intercompany statements of accounts are updated and reconciled with books of relevant group companies.
• Collaborating with other departments, such as tax, treasury, and legal, to ensure alignment and coordination on financial reporting matters.
Staying current on accounting and financial reporting developments and changes in regulations to ensure compliance and best practices are followed

3- Risk Management :

• Ensure confidentiality and security of financial information and adhere to company policies and procedures
• Ensure compliance with insurance requirements, coordinating with insurance providers, managing coverage renewals, and handling claims processing
• Collaborate with relevant stakeholders to ensure accurate and timely ZAKAT, VAT & Withholding tax reporting and compliance with applicable tax regulations.
• Ensure that the company complies with all legal and regulatory requirements
• Ensure that record keeping meets the requirements of auditors and government agencies.

4- External & Internal Audits :

• Coordinating with internal and external auditors to ensure a smooth audit process and to address any audit findings or recommendations
• Implementation of actions to address audit observations.

5- Staff Development :

• Manage and lead a team of financial reporting accountants, providing guidance, training, and support to ensure efficient and effective operations.

6- Other Responsibilities :

• Assist in ad-hoc financial analysis and projects assigned from time to time

Requirements

Education:

ACC, CA or CPA

Knowledge:

• IFRS
• Local Zakat & Tax Regulations
• ERP System
• Group Consolidation