Financial Statements Consolidation Reporting Section Manager
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Key skills for this role
About the Role
stc is seeking a Financial Statements Consolidation Reporting Section Manager in Riyadh. The role involves consolidating financial information, liaising with auditors, and preparing consolidated financial statements.
Key Skills for This Role
Responsibilities
- Coordinates with internal and external auditors to review and audit STC Consolidated financial statements on Quarterly and yearly basis
- Controls and produce group consolidated financial statements in accordance with Accounting and CMA standards and regulations
- Prepares monthly, quarterly and annual financial statements reports and manage the internal and external review for these documents
- Creates STC’s consolidated financial statements reports in compliance with STC policies, accounting Standards and regulation
- Monitors and ensure timely identification and compliance with evolving accounting guidance, provide accounting standards interpretation and prepare technical memorandums
- Creates and maintain STC calendar to inform parties of necessary deadline adherence for financial closing and reporting requirements
- Communicates and explain accounting issues and evolving accounting guidance to the management team
- Manages communications with external auditors on external financial statements and accounting issues
- Supports in maintaining month end and year end closing
- Coordinates with counterparts in the STC on harmonization of policies within the scope of the STC Reform
- Produces actual to actual consolidation reporting
- Assists in the coordination of annual audit and quarterly review activities of external and internal auditors
Requirements
- Bachelor Degree in Accounting or Finance
- Minimum of 6 years of experience in a related discipline
- Prior supervisory experience in financial statement reporting in a large scale service oriented industry is strongly preferred
- Prior experience within the KSA region and/or the Middle East region including knowledge of regulatory environment and context is preferred
Full Job Posting
Job Purpose
- The role holder is responsible for collating financial information’s, liaising with auditors, creating consolidated financial statements, maintain calendar and ensure its adherence for closing etc., ensure timely identification and compliance interpretation while supporting Financial Reporting Conso
- The role holder shall carry out his duties in accordance with the stipulated business policies and procedures.
Job Responsibility
- Coordinates with internal and external auditors to review and audit STC Consolidated financial statements on Quarterly and yearly basis.
- Controls and produce group consolidated financial statements in accordance with Accounting and CMA standards and regulations.
- Prepares monthly, quarterly and annual financial statements reports and manage the internal and external review for these documents.
- Creates STC’s consolidated financial statements reports in compliance with STC policies, accounting Standards and regulation.
- Monitors and ensure timely identification and compliance with evolving accounting guidance, provide accounting standards interpretation and prepare technical memorandums that document issues in a clear, logical and comprehensive manner.
- Creates and maintain STC calendar to inform parties of necessary deadline adherence for the following processes: financial closing, reporting requirements.
- Communicates and explain accounting issues and evolving accounting guidance that are relevant to the financial reporting in conjunction with Policy and Procedure department to the management team.
- Manages communications with external auditors on external financial statements and accounting issues to ensure auditor agreement with company decisions on accounting disclosures, and issues.
- Supports in maintaining month end and year end closing.
- Coordinates with counterparts in the STC on harmonization of policies within the scope of the STC Reform.
- Produces actual to actual consolidation reporting.
- Assists in the coordination of annual audit and quarterly review activities of external and internal auditors
Years Of Experience
- Minimum of 6 years of experience in a related discipline
Nature Of Experience
- Prior supervisory experience in financial statement reporting in a large scale service oriented industry is strongly preferred
- Prior experience within the KSA region and/or the Middle East region including knowledge of regulatory environment and context is preferred
Education
- Bachelor Degree in Accounting or Finance
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