Ref: RP918-07

Job description / Role

Employment: Full Time

Objectives:
• Responsible to ensure that all financial information of the company is accurate as per the international accounting principles and company rules and regulations.
• Reporting to: CFO
• Number required: 1
• Duration: 1 year - Renewal contract
• Probation: 90 days
• Working Hours: Sun- Thursday. From 8: AM to 4:30 PM
• Other Benefits: Ramadan Salary

Main responsibilities:
• Recording of all JVs relevant to advances and prepayments expenses, income, accruals and other receivable and payable entries for month end closing.
• Preparation of Monthly file of Financial Package with relevant schedules.
• Monthly update of provision for lease losses and murabaha receivables.
• Coordinate with SAM for suspension and release of suspended income on monthly basis.
• Submission of leads and related schedules to external auditors for quarterly review and annual audit of financial statements.
• Posting of GL & receipt module entries.
• Weekly overdue reporting to be circulated to all Account Managers, Team Leaders, Region Heads, CEO and MD
• Monthly overdue reporting and analysis on major overdues to ORIX Corp. Japan.
• Monthly Reporting of delinquent accounts and their status reported to ORIX Corp. Japan in consultation with SAM.
• First default reporting to ORIX Corp. Japan.
• Monthly recording of insurance JVs for leased assets, owned assets and medical policy
• Preparation of SOLC owned assets renewal lists on policy expiration for insurance renewal.
• Reviewing insurance related payments of owned assets, medical & leased assets.
• Reviewing staff related insurance medical claims.
• Reconciliation of insurance payable GL accounts with insurance dept. records.
• Monthly update of fixed assets register and their depreciation generation, Maintenance of Fixed assets register in the system and issue asset codes to Admin department for new assets additions.
• Preparation of top ten lessees on quarterly basis for ORIX Corp reporting
• Preparation of quarterly and annual Prudential Returns for submission to regulator
• Preparation of annual tax & zakat declarations to be filed with zakat and tax authority.
• Maintaining audited and reviewed financials statements and relevant working papers.
• Monthly generation of income related reports – contract wise income report & suspension report.
• Preparation of breakeven for repossessed assets
• Work closely with the Receivables and Payments staff to ensure that the respective accounts are reconciled periodically and schedules updated accordingly.
• Reviewing payments subject to WHT, for proper computation of tax and Reviewing and filing of WHT forms monthly with GAZT.
• Preparation of all monthly schedules and identification of unresolved / ageing items and their resolution in timely manners
• Maintaining audited and reviewed financials statements and relevant working papers.
• Annual rent and quarterly billing of general expenses to sublet party.
• Responsible for monitoring fraud in the work and shall report any suspicious cases of fraud immediately by using the suspicion form attached in the Circular send by Compliance & AML Department on 10-Apr-2018.

Requirements

University Qualifications:
• Bachelor in Finance / Accounts

Nature and length of previous experience:
• 1-2 years

Soft Skills and Personality traits:
• Partnering
• Creative Thinking
• Planning & Organizing
• Team Work
• Specialist knowledge:
• Complete Understanding of regulatory / IFRS requirements.
• Ability to translate data into useful presentation.
• Gender Preference: Male
• Nationality Preference: Saudi
• Language Fluency: Arabic and English
• Current Location: Riyadh - Saudi Arabia

About the Company

YANAL is a Leading Finance Company in the Kingdom of Saudi Arabia.

We offer one of the best and most-competitive financial services with our superior market knowledge and unmatched financial services expertise. Moreover, YANAL is backed by some of the most reputable local and international partners.

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Financial Analyst salaries in Saudi Arabia

Average monthly compensation
SAR 16,500

Breakdown available for industries, cities and years of experience