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Manager – Transaction Accounting for IPO and Privatizations

Ernst & Young

Riyadh, Saudi Arabia

Ref: NP946-271

Job description / Role

Employment: Full Time

In Financial Accounting & Advisory Services (FAAS) within Assurance, we assist our clients to address the accounting and financial reporting challenges facing their business. You will be part of a team that provides insight and services that accelerate analytics, decision-making and innovation to build a stronger and more efficient finance function. You will experience ongoing professional development through diverse experiences, world-class learning and individually tailored coaching.

That is how we develop outstanding leaders who team to deliver on our promises to all of our stakeholders, and in so doing, play a critical role in building a better working world for our people, for our clients and for our communities.

Sound interesting? Well this is just the beginning. Because whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

FAAS professionals provide advisory services to a wide range of clients covering a very broad spectrum of services including:

•IFRS Conversion
•Support, design and development of accounting and reporting policies
•Contract accounting support
•Accounting Compliance Reporting (ACR) Support
•Financial statement close process support
•Consolidation and Reporting
•Transaction accounting and reporting; Audit Remediation and readiness

About the role

Today within MENA, many of our clients are focused on their future participation in regional and global capital markets. This includes:

•Moving to globally recognized standards such as IFRS
•Enhancing finance function capabilities to support post IPO/privatization performance
•Developing internal management information consistent with external financial reporting
•Establishing a comprehensive financial planning and analysis capability
•Understanding the impact of deal structures and ownership scenarios on their financial statements
•Assessing funding requirements including the development of frameworks and mechanisms for future subsidies from government
•Executing an appropriate level of financial level due diligence

This role will focus on these areas, primarily supporting clients by providing guidance and expertise.

Responsibilities

•Participating and/or managing FAAS engagements
•Collaborate with the partner, senior manager and client to determine a FAAS strategy that appropriately addresses risk and manages client expectations relating to deliverables
•Ensure that the FAAS engagement team understands the client's needs and expectations and that the work product is client-focused, clear, accurate and well-presented
•Ensure work is delivered timely and in compliance with regulatory requirements
•Deliver effective execution of the FAAS service delivery framework
•Work with other service lines in providing an integrated service delivery
•Monitor the FAAS engagement team's performance against the budget, and alter if necessary
•Identify and communicate relevant trends, developments and key performance drivers relevant to the client
•Consult with appropriate resources on complex accounting issues
•Participate in sales of new FAAS work

Requirements

Qualifications

•A bachelor's degree and approximately 5 years of related work experience; or a graduate degree and approximately 4 years of related work experience
•An undergraduate or master's degree in accounting and/or other appropriate academic major
•At least 4 years of experience working as an auditor for a public accounting firm and particular business/industry experience to meet special needs
•Corporate finance and transaction experience would be an advantage
•Strong advisory (selling) mindset
•CPA/CA/ACCA certification
•Strong technical skills and recognized cautious risk management ability
•Understanding of a client's industry and marketplace
•Strong management skills to lead teams, delegate appropriately, mentor, review performance and counsel employees
•Fluent written and verbal English and Arabic communication, presentation, client service and technical writing skills
•Ability and comfort level in researching client inquires and emerging issues, including regulations, industry practices and new technologies
•Flexibility and willingness to travel on short notice, as necessary

About the Company

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available on our site.

The MENA practice of EY has been operating in the region since 1923. For over 95 years, we have grown to over 7,500 people united across 21 offices and 16 countries, sharing the same values and an unwavering commitment to quality. As an organization, we continue to develop outstanding leaders who deliver exceptional services to our clients and who contribute to our communities. We are proud of our accomplishments over the years, reaffirming our position as the largest and most established professional services organization in the region

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