Manager - Consolidation and Audits

4 weeks ago

Bangalore, India Finteger Global Full time

Job Opportunity: Manager – Accounting, Consolidation, and Audits (6-Month Contract)

Position Overview:

We are hiring a Manager – Accounting, Consolidation, and Audits for our client, a leading organization in the renewal energy sector. This is a 6-month contractual role based at the client’s office in Riyadh, Saudi Arabia. The role involves overseeing accounting, reconciliation, and consolidation activities for international holding companies, ensuring accuracy, compliance with accounting principles, and the timely completion of financial processes.

Key Responsibilities:

Financial Accounting

  • Direct all financial accounting activities to ensure transactions are appropriately handled, compliant with statutory controls and international standards, and financial information is accurate and timely.
  • Control and maintain the general ledger, overseeing direct inputs and data transfers from subsidiary ledgers, purchase ledger, sales ledger, payroll, fixed asset register, and accounts receivable ledger to ensure accurate execution of all accounting functions.

Management Accounting

  • Review consolidated financial reports for senior management, highlighting key metrics such as revenues, expenditures, collections, forecasts, project status, and variances, to aid decision-making.
  • Provide in-depth analysis and advice on externally reported revenue and expenses to support senior management in achieving organizational goals.
  • Ensure monthly reports submitted by business units follow correct accounting treatments and align with established policies.

Financial Systems

  • Propose measures to enhance the utilization of the Oracle ERP system and improve the HFM reporting tool, increasing user experience and system value.
  • Periodically review and update the client’s ownership chart to reflect current organizational structure and ensure accurate, up-to-date information is available.

Financial Model Sign-Off

  • Collaborate with the Business Development team to review bid packages and financial models, ensuring compliance with accounting standards before providing approval.

Financial Transactions

  • Oversee accounts payables and receivables, ensuring balances are regularly reviewed and cleared to minimize the impact of zakat tax.
  • Manage intercompany transactions across multiple entities, ensuring accuracy in reconciliations, avoiding duplications, and promoting synergies for smooth month-end and year-end closures.

Audit Management

  • Lead the annual group audit and quarterly reviews for the client’s international holding companies, ensuring timely completion aligned with standard reporting timelines.

Month-End Closing Activities

  • Oversee the execution of month-end closing activities for holding companies, ensuring compliance with accounting policies and timely, accurate financial recordings.
  • Work with regional finance teams to resolve bottlenecks and achieve error-free, timely monthly closings in HFM.

Profitability Analysis

  • Review financial metrics monthly, analyze trends, and provide strategic advice to senior management to enhance group profitability.
  • Prepare and manage goodwill impairment models by analyzing asset performance and expected cash flows to ensure accurate recording.

Stakeholder Management

  • Develop and maintain effective relationships with internal teams and external entities, such as financial institutions, auditors, and shareholders, ensuring ethical business practices and efficient delivery of services.

Policies, Processes, Systems & Procedures

  • Implement approved departmental policies and processes, ensuring employee adherence to maintain high standards of work execution.

Continuous Improvement

  • Motivate the team to actively identify and implement change initiatives, aligning with organizational goals and enhancing efficiency and effectiveness.

Related Assignments

  • Perform additional duties or assignments as directed, ensuring timely and quality completion.

Qualifications & Experience

  • Bachelor’s degree in Accounting, Finance, or a related field.
  • Professional accountancy qualifications (CA, ACCA, CPA) are mandatory.
  • 7-9 years of experience, with at least 3 years in managerial roles.
  • Strong knowledge of IFRS principles, audit procedures, and financial controls.
  • Excellent numerical, analytical, and problem-solving skills.
  • Advanced proficiency in financial systems and tools, with experience in Oracle ERP preferred.
  • Strong communication, organizational, and time-management skills.

Why Join?

This is an excellent opportunity for a seasoned finance professional to take on a strategic role and make an immediate impact. Work on high-value projects, collaborate with senior leadership, and contribute to operational excellence in a dynamic environment.

Note : This is a 6-month, onsite role based in Riyadh, Saudi Arabia.

If you meet the qualifications and are available for this contract position, we would love to hear from you Let’s connect and explore this exciting opportunity

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