Country Finance Manager

PricewaterhouseCoopers

Riyadh, Saudi Arabia

Posted on: 23 Feb 2024

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JOB DESCRIPTION / ROLE

Employment: Full Time

Line of Service
Internal Firm Services

Industry/Sector
Not Applicable

Specialism
IFS - Finance

Management Level
Manager

Job Description & Summary

The Country Finance lead is a pivotal role responsible for ensuring accurate financial reporting, regulatory compliance, and effective financial management in a designated region.

The Country Finance lead has ownership of the trial balance, oversees local tax reporting, statutory reporting, collaborates with central teams, manages liabilities, bookkeeping and treasury functions, provides LoS support, participates in budgeting, and conducts cash flow projections.

With a focus on accuracy, compliance, and financial insights, the Country Finance lead contributes significantly to driving financial performance and facilitating informed decision-making within the region.

Key Responsibilities:
- Trial balance ownership; ensuring the accuracy of accounting entries and compliance with accounting principles for statutory financial statement presentation.
- Manage local tax reporting, including VAT, WHT, CIT, payroll taxes, and regulatory compliance within set deadlines.
- Collaborate and coordinate with central teams, such as financial controls, firm tax, statutory reporting, financial planning & analysis, procurement, and treasury.
- Oversee transitory accounts, review fixed asset schedules, and manage liabilities, including payments to vendors and contingent workers.
- Coordinate and review payroll activity, ensuring correct allocations, deductions and benefits, and collaborating with regional payroll teams for accurate accounting.
- Review and approve expenses payments, identify anomalies, and settle claims before the employee exits.
- Engage in business partnering activities, collaborating with stakeholders on spend commitments, entity-based budgeting, and procurement workflows.
- Manage bookkeeping and shared service center (SSC) functions, including accounts payable (AP), accounts receivable (AR), vendor onboarding, and communication.
- Handle treasury functions, maintain relationships with banks, issue related documents, and manage inter-territory matters.
- Provide support to LoS managers in portfolio reviews, work-in-progress (WIP) management, billing, budget rates, net investment analysis, and review of profit and loss (P&L) records.
- Support budget preparation for LoS and office budgets, including leadership budgets.
- Ensure compliance with legal matters, including annual licenses, registration certificates, and support office management with procurement processes.
- Handle tax compliance requirements, provide analysis for inspections, and prepare documentation and proof of payments for tax authorities.
- Create cash flow projection reports to determine cash position, manage cash movement between banks, and ensure payment requirements are met.

The Country Finance lead plays a crucial role in driving financial performance, ensuring compliance, and providing valuable financial insights to support effective decision-making within our designated region(s).

- Including such other duties that may be assigned to you by your manager

REQUIREMENTS

- Proven experience in finance management roles, preferably within a multinational organization.
- Strong knowledge of accounting principles, financial reporting, and regulatory compliance.
- Excellent analytical and problem-solving skills with a keen attention to detail.
- Advanced proficiency in financial software and MS Excel.
- Demonstrated ability to collaborate effectively with cross-functional teams and stakeholders.
- Exceptional communication and interpersonal skills, with the ability to present financial information to non-financial stakeholders.
- Strong organizational and time management skills, with the ability to manage multiple priorities and meet deadlines.
- Financial Management,
- Investment management,
- Risk Management,
- Communication,
- Leadership and relationship management
- English; Arabic preferred.
- Bachelor's degree in finance, accounting, or a related field.
- Professional certifications (e.g., CPA, ACCA) are preferred.
- At least 5 Years in Financial Management

ABOUT THE COMPANY

At PwC Middle East, we've set out an ambitious purpose and strive to live it everyday: to solve important problems and build trust in society.

We're a community of solvers that come together in unexpected ways to build trust and create sustained outcomes. We solve important problems, support one another as we grow, develop and build fulfilling careers.

PwC provides industry-focused services for public and private clients across Assurance and Audit, Deals, Consulting, Tax and Legal. We draw on our development legacy that brings together the collective experience of over 7,000 people in our region with offices across 12 countries to solve for tomorrow.

We're striving to consistently deliver innovative work that builds trust and delivers sustained outcomes. And we're proud of the strength that comes from all our different backgrounds and experiences and we value everyone's uniqueness. We thrive in uncertainty, operate with integrity and leverage the diverse perspectives of our teams.

If you're looking for a place that fuels your ambition to make a difference, that matches your curiosity with continuous learning opportunities and reimagines ways of working to enable you to lead a more balanced life, then you're a future PwCer.

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