Senior Cost Accountant

Job Purpose

Lead financial operations, ensuring accuracy, compliance, and effective financial reporting.

Key Accountability Areas

Accounting Activities:

• Lead day-to-day accounting activities, ensuring accuracy and adherence to accounting principles.
• Manage and monitor budgets, providing insights for effective financial decision-making.

Financial Reporting:

• Generate and review financial statements, ensuring timely and accurate reporting.
• Ensure financial reports comply with accounting standards and regulatory requirements.

Audit Management:

• Prepare and coordinate internal and external audits.
• Ensure all audit requirements are met, addressing any findings promptly.

Process Improvement:

• Identify and implement process improvements for increased efficiency.
• Explore opportunities for automation in financial processes.

Financial Analysis:

• Support in analyzing financial performance, identifying trends, and providing insights.
• Conduct variance analysis to understand and address financial discrepancies.

Regulatory Compliance:

• Ensure compliance with tax regulations and coordinate tax-related activities.
• Stay informed about changes in financial regulations and ensure compliance.

Cross-Functional Collaboration:

• Work closely with other departments to gather financial data and insights.
• Provide financial advice to support decision-making across various departments.

System Management:

• Manage and optimize financial systems, ensuring accuracy and data integrity.
• Explore and implement new technologies for improved financial processes.
• Stay updated on changes in accounting standards and industry best practices.

Stakeholder Communication:

• Provide financial updates and reports to senior management.
• Communicate financial insights to stakeholders, addressing queries and concerns.

Risk Management:

• Identify financial risks and develop strategies for risk mitigation.
• Implement financial controls to minimize risks.

Month-End and Year-End Processes:

• Oversee month-end closing processes to ensure accuracy and completeness.
• Coordinate the preparation of year-end financial statements.

Role Accountability

HR Proficiency:

• Training of sub-ordinates and forming a team to get the work effectively.
• Provide leadership, coaching, and direction to subordinates in all aspects of their work.
• Delegate sub-ordinates in each respective assignment.
• Ensure fair distribution of tasks to maintain morale and motivation of subordinates.

Delivery:

• Perform planned activities to meet operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide periodic reports detailing deviations and execution of planned tasks.

Problem-Solving:

• Resolve related problems and escalate any complex operational issues.

Quality:

• Ensure quality requirements to develop effective quality control processes, including specifications for products or processes.

Business Process Improvements:

• Coordinate well-defined written systems, policies, procedures, and seek automation opportunities.

Compliance:

• Comply with related policies, procedures, and work instructions.

Safety:

• Ensure compliance with relevant safety, quality, and environmental management procedures within the defined area of work.

Academic Qualification

Bachelor Degree in Accounting and Finance

Work Experience

5 to 10 Years

Technical / Functional Competencies

Accounting Best Practices, Accounting Systems, Financial Accounting (FI)

Profile Description

Alfanar is a Saudi company with an international presence, primarily engaged in the manufacturing and trading of a wide variety of low, medium, and high voltage electrical products, in addition to its portfolio of conventional and renewable energy solutions, oil and gas, water treatment, infrastructure, technical services, and digital solutions.

The hub of alfanar's manufacturing operations is Medinet alfanar Alsinaiya, a 700,000 square-meter complex located in Riyadh, housing an array of ultra-modern manufacturing facilities and laboratories equipped with state-of-the-art technologies and staffed with highly skilled professionals.

Alfanar derives its success from its commitment to providing the highest quality standards to its customers and the continuous development of its human capital, which it considers its most valuable asset. With this in mind, alfanar promotes a proactive work environment where its employees are valued, nurtured, and empowered to fuel their pride in being part of alfanar.

For more information about alfanar, please visit alfanar.com