| Finance Policy and Regulatory Compliance (FPRC) Manager | |
| Almarai Company Riyadh, Saudi Arabia Ref: GP381-305 |
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The RoleThe RoleTo head a business unit which is the custodian of quality for the Finance, Planning and Procurement processes in the company. This is performed by providing consultancy to management in their day to day activities as well as at a strategic level. To provide the Head of Finance with technical accounting support in relation to the statutory reporting requirements of a public company. Areas of Responsibility **** Areas of Responsibility (AOR) 1. Quality Assurance Oversee and develop the Quality Assurance function such that quality focused reviews are carried out across all locations and all accounting processes to an agreed schedule and clear set of objectives. Quality Assurance must ensure policy and procedure exists for all important processes. Through ongoing consultancy with the business, quality assurance must ensure decisions are analysed in line with set quality standards and where necessary new standards are set. The quality assurance team are responsible for promoting internal control as the responsibility of management. Maintain and communicate all FPP policies, procedures and standards in the FPP Finance Manual on the intranet. 2. Regulatory Manage all regulatory requirements of Almarai Company Limited and its group companies. This includes ensuring the annual audit process is completed and audited financial statements are completed to deadline for each Almarai company. This is a complex process of dealing with our external auditors under significant time constraints to assist them obtain all audit evidence appropriate to issue an unqualified audit report. Over a period of six months this requires collection of information from all areas of Finance in the company and communication with commentary to the auditors. As a public company, the details within the financial statements are extremely important and the deadline for completion will be extremely tight. In addition, Quarterly Financial Statements will be required for the Saudi Stock Exchange and consequently a similar process will be required four times a year. The Bahraini and Omani company also require an audit and audited financial statements annually. This involves liaising and meeting the Bahraini and Omani company auditors to ensure completion. The FPRC Manager is responsible for working with the auditors and DZIT to ensure the Zakat computation is completed, queries are appropriately and promptly answered and the certificate is received on a timely basis. This requires frequent preparation of information for submission. Manage and submit annual/monthly submissions relating to the new Saudi taxation regulations (including taxation on foreign services). Advise FPP-GM and Head of Finance on tax planning matters. This will include monitoring taxation related documents in each of the Gulf countries to ensure we have the most efficient ownership structures and pricing strategy. In addition there are numerous Ministry Submissions/ Questionnaires to be completed. It is expected the regulatory filings required for a public company will increase. This will add to the regulatory role of the Quality and Development Manager. 3. SIDF & Other Commercial Banks Ensure that submissions made to the Saudi Industrial Development Fund and other commercial banks meet their guidelines and standards. Liaise with the Treasury function to ensure that all submission deadlines are met. 4. Strategic Assist the GM-FPP and Head of Finance in strategic initiatives related to any of the above Areas of Responsibility or other relevant corporate objectives. This is most important in relation to the effect any strategic move will have on the results reported by a public company. All strategic decisions will need to be assessed from a financial reporting and tax planning perspective. Project work and representing the FPP division from the angle of quality in key decisions is a significant responsibility. |
RequirementsRequirementsQualifications: Essential: - Business Degree. - Qualified Chartered Accountant. - Minimum 6 years experience in Big 4 auditing firm, preferably at Manager level for at least one year. - Can demonstrate sound commercial experience in their previous work experience. - Strong interpersonal abilities, with the ability to communicate and work with personnel from a wide variety of professional disciplines and nationalities. - Well organised and capable of working on several tasks at once Desirable - Experience of audits in the dairy, manufacturing, distribution and/or food industry. - Experience in an ERP based environment. - Experience of change implementation program - Experience of in-house training programs - A strong IT based knowledge - Previous experience in the area of Procurement - Gulf Experience # Competencies Knowledge, Skills and Attitude. * Technical: - Very strong technical Financial Accounting knowledge - Knowledge of International Accounting Standards - Very strong knowledge of standard corporation tax concepts - Competence in operating Microsoft Office applications and experience in SAP. - Multi-skilled - Attitude for accepting changes for the development of the organisation. * Operational: - Strong knowledge in accounting concepts - Knowledge about the business * Managerial: - Possess significant man and time management skill - Experience in training and developing subordinates - Experience in setting up systems and controls - Ability to prioritise work * Human & Cultural Requirement: - Working experience in a multi cultural environment - Flexible |
About the CompanyAbout the CompanyAlmarai is the largest integrated dairy foods company in the world, with a reputation for quality that is unmatched within the gulf countries in which we operate. We're a company committed to healthy living, and to delivering only the freshest and most delicious products to the people we care most about - our customers. Almarai began in 1976 under the leadership of HH Prince Sultan bin Mohammed bin Saud Al Kabeer, as it remains to this day. His Highness recognised the potential to transform traditional methods of dairy farming to serve the needs of the rapidly expanding Saudi market; and what began with the processing of fresh milk and laban soon expanded into modern dairy farms and state-of-the-art processing facilities The company's headquarters are based in Riyadh, the capital of the Kingdom of Saudi Arabia, and the Almarai Company extends throughout the Arabian Peninsula, leading and influencing the agricultural, dairy processing and food distribution industries. |
This Position is closed or expired
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