Management Accountant

1.  JOB DETAILS:

Position Title:

 Management Accountant

Reports to:

 CFO

Department:

Finance

2.  JOB PURPOSE:

• Day to day plant efficient accounting, according to good utility practice, international accounting rules (IFRS), SOCPA accounting standards, legal, tax laws, contractual and other requirements
• Ensure timeliness and quality of accounting and reporting processes;
•  Adherence to procedures and computerized maintenance management processes as applicable to a prudent financial management, in particular the accounting processes.
• Assist in the company’s tax filing and compliances
• Assist in the shareholder’s reporting
• Assist in the standardization of the accounting policies, procedures and internal controls
• Assist in the implementation of and migration to SAP HANA ERP
• Coordinate accounting activities with operation, maintenance, administration, and HSE departments
• Monitor the finance budget in line with the overall company budget
• Assist in preparing the long-term business plan
• Assist in organizing the yearly financial audit

3.  KEY ACCOUNTABILITIES:

• Perform day to day plant accounting and coordinates all other accounting activities, according to good utility practice, international accounting rules (IFRS),SOCPA Accounting standards, legal, tax laws, contractual and other requirements
• Execute the monthly financial closing of the company in coordination with the other team members
• Preparation of management internal reporting schedules and utilization of schedules for improvement in business processes
• Prepare the monthly financial closure reports and variance reports to comply with the Monthly financial reporting and financial analysis requirements of the shareholders.
• Assist in filing tax returns of the Company and coordinate with the tax authorities and consultants for the queries, responses and audits.
• Assist in filing tax returns of the Company and coordinate with the tax authorities and consultants for the queries, responses and audits.
• Liaise with Finance/Procurement/ other departments for efficient management of payment cycle
• Ensure maintenance of up-to-date and accurate Arabic accounting records in SAP as required by local laws
• Liaise with government officials, banks, tax advisors etc. for finance related matters as and when required.
• Determines and schedules the resources and requirements for each activity;
• Reviews and Adherence to finance, accounting and purchasing Methods and Procedures;
• reporting of KPI’s and objectives in line with the Business Plan;
• Establish and implement vertical/horizontal communication within the team to ensure members are well informed and remain engaged with the business.
• Adherence to Quality, Health, Safety and Environmental policies and standards
• Implements lessons learned processes and other activities to achieve a learning organization;
• Communication and cooperation with the Operation and Maintenance, HSE, Administration teams

4.  HEALTH & SAFETY:

• The Job Holder will work in a controlled hazardous environment.

Work Levels and Conditions and Risks:

• Work Level 1 (OSHA scale 1 to 6): the tasks that he/she performs as part of their daily work activities do not represent a risk for their integrity;

Exposure to Risks:

• Traffic/automobile accidents, ergonomic problems and accidents;
• Risks inherent to the job of Financial Manager while performing inspections, site visits, etc.

Personal Protective Equipment:

• Hard hat/safety helmet;
• Ear protection (plugs or ear muffs);
• Safety glasses;
• Safety shoes;
• Dust mask;

Recommended HPE (Health Protection Equipment):

• Ergonomic office equipment;

Medical Exams/Laboratory Exams before Taking the Position:

• Complete medical physical examination;
• Visual acuity examination.
• PFT (lung capacity)
• Audiometric test

Recommended for persons older than 45 years:

• Laboratory tests: complete blood biometrics, blood chemistry: 3 elements (glucose, urea and creatine) and a general exam of urine;
• Electrocardiogram;
• X-ray PA of thorax.

Medical Criteria for the Position:

• High Blood Pressure: not to present a TA greater than 135/85 in case of present alteration and individual monitoring program;
• Obesity: in case of obesity, implement a monitoring and reduction of weight program.

7.  COMMUNICATION AND WORKING RELATIONSHIPS:

The Job Holder will work and communicate with:

• Internal: The General Manager, Finance dept, Operation, Maintenance, Administration, HR, HSE;
• External:

• Owner, Dhuruma Electricity Company, through the O&M agreement
• Suez Services Saudi, the Gas Turbine long term services agreement contractor
• Saudi Electricity Company, the Off-Taker
• Saudi Authorities
• Other Contractual Counterparties, Contractors, Suppliers, Equipment Manufacturers and Vendors.

8.  FRAMEWORKS, BOUNDARIES AND DECISION-MAKING AUTHORITY:

• Operates within the approved budgetary limits;

9.  JOB DIMENSIONS:

Number of staff supervised:

Approximate number of Direct Reports:

Approximate number of Direct / Indirect Reports

Position titles of Direct Reports:

None

Positions titles of Indirect Reports:

None

10.  QUALIFICATIONS, EXPERIENCE AND SKILLS:

Essential Qualifications:

• University degree in accounting, preferably  with additional relevant qualifications such as ACCA/CMA

Experience:

• At least 3 years experience in the accounting preferably of a large combined cycle power plant,

• Knowledge of both IFRS and and SOCPA accounting standards applied to the IPP business in KSA
• Knowledge/Experience with SAP HANA
• Knowledge/Experience with KSA Tax Laws
• Knowledge/Experience of financial closing and reporting.
• Knowledge of the main database platforms used  – (SAP, MS Office)
• Knowledge of KSA or Middle East working practices and customs
•  preferably working within a multi-cultural environment

• Proven delegation skills and able to create a work climate where people are empowered to take action
• Excellent communication skills, capability to communicate clearly and concisely at all levels
• Ability to act independently to prioritize, initiate, resolve and complete actions required to take the business forward to meet goals

• Interaction with operation, maintenance, administration and HSE

Skills:

Behavioral:

• Drive to achieve through himself and others
• Ability to build and work with multi cultural and multi disciplinary staff
• Ability to work together with the other departments in order to achieve the best result for the company
• Take ownership
• Maintains high ethics standard
• Motivation and leadership of team and individual team members
• Respects the others as well as the cultural diversity
• Seek, organize and exchange information for decision making  and problem solving
• Ability to create a climate of open communication on personal and professional issues
• Ability to work autonomously, prioritizing tasks and activities in line with business objectives
• Quality and environmental awareness and managing according to quality standards and procedures
• Innovation, vision, creativity, taking initiative, problem solving and decision making
• A pro-active approach to planning and decision making
• Ability to build effective relationships with key stakeholders

Language:

• English Language: excellent communication skills both written and verbal;
• Arabic is an advantage;

Computer:

• Computer literate: must have a high degree of skill in Business Computing Applications such as Databases, Word Processors, Spreadsheets, PowerPoint and Maintenance Management System;