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Job description / Role

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

Saudi Orix Leasing Company; the first lease financing company of its kind in the Kingdom was incorporated on January 16, 2001 as a closed joint stock company with a mandate to provide medium term asset financing to all productive sectors of the economy with particular emphasis to serving the needs of small to medium size enterprises and thereby, assist in extending and serving the needs of small to medium size enterprises and thereby, assist in extending and expanding the credit delivery mechanism in the Kingdom.

The company was issued a license by the Foreign Investment Committee and is under the supervision of the Saudi Monetary Agency as a non-bank financial institution. Prestigious Saudi and International institutions sponsor the company.

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