Finance Director

1. Accounting Processing and Voucher Management

Record daily transactions (e.g., procurement, sales, expense reimbursement, payroll, etc.) and generate accounting vouchers in accordance with International Financial Reporting Standards (IFRS) and the company’s accounting policies.

Review the authenticity and compliance of source documents (invoices, contracts, receipts, etc.), ensuring that invoices contain required elements such as Saudi Tax Identification Number (TIN), VAT rate, etc., and verify that all attachments are complete.

Maintain general ledgers and sub-ledgers (accounts receivable, accounts payable, fixed assets, etc.), perform regular account reconciliations, and ensure alignment between vouchers and ledgers, as well as between ledgers.

2. Financial Statement Preparation and Analysis

Prepare periodic financial statements, including:

Statement of Financial Position

Statement of Profit or Loss

Statement of Cash Flows, and others.

Assist headquarters finance in financial statement analysis, interpret profitability trends, cash flow trends, and asset-liability structure, and provide data support for management decision-making.

3. Receivables and Payables Management

Accounts Receivable (AR): Track customer outstanding balances, generate account statements, follow up on collections, identify bad debt risks, and report in a timely manner.

Accounts Payable (AP): Reconcile supplier invoices with purchase orders and goods receipt notes, and arrange compliant payments.

4. Asset and Inventory Management

Account for fixed asset acquisition, depreciation, and disposal.

Organize and supervise inventory counts (raw materials, finished goods, etc.), reconcile physical counts with book records, prepare count reports, and follow up on discrepancy resolution.

5. Financial Archives and Compliance Management

Archive financial vouchers, statements, contracts, and other documents as required by the Saudi Companies Law.

Cooperate with internal and external audits by providing requested financial data and vouchers.

II. Saudi Localization Specific Responsibilities

1. Tax Compliance

Liaise with ZATCA (Zakat, Tax and Customs Authority) to handle VAT, corporate income tax, and other tax-related matters, ensuring tax compliance.

2. Localization Compliance Requirements

Saudization Compliance: Calculate and ensure compliance with Saudization (Nitaqat) ratios, ensure payroll records align with Saudi Ministry of Labor requirements to avoid penalties.

Local Content Compliance: Coordinate with local content auditors to ensure cost accounting meets local content audit requirements.

3. Foreign Exchange and Treasury Management Compliance

Ensure that all fund transactions comply with Saudi foreign exchange management regulations.