Financial Analyst - Corporate Office

Financial Analyst – Corporate Office


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Job Description

Since 2014, Niagara College KSA (NC KSA) has operated technical and vocational training colleges throughout the Kingdom of Saudi Arabia in support of the Vision 2030 initiative and in partnership with the Colleges of Excellence (CoE). Headquartered in Riyadh, Saudi Arabia, NC KSA provides community and customized training based on Niagara College Canada’s expertise and international track records as one of Canada’s most innovative and enterprising applied learning post-secondary institutions. With a strong focus on developing ‘world-’ and ‘work-’ ready graduates, NC KSA specializes in delivering a number of quality programs designed to prepare young men and women for successful entry into the workforce in the areas of Business, Event Management, Occupational Health & Safety, Information Technology and Graphic Design.

Applications are invited for the position of Analyst, Financial at Niagara College KSA, Corporate Office in Riyadh, reporting to the Senior Manager, Finance & Procurement. The Analyst, Financial will be responsible for the full finance-cycle of Niagara College KSA, including the financial analysis required for reporting purposes and time to time ad hoc analysis required by the NC KSA Senior Management.

Responsibilities include but are not limited to:

Develop financial models and tools in collaboration with Business Development department to prepare and finalize the financial proposals
Support in timely preparation of financial statements according to management and statutory (IFRS & SOCPA) requirements and deliver the P&L with meaningful variance analysis to budget and forecasts
Assist the Senior Manager, Finance & Procurement with ensuring the successful financial management of NC KSA’s finances and revenue generating initiatives
Assist in the preparation of budgets and cash flow forecasts
Assist in the finalization of annual and interim audits
Manage third-party contracts and master vendor sheet for efficient procurement of goods and services in a transparent and fully accountable manner ensuring compliance with financial procedures, value for money, and justifiable use of funds
Develop and coordinate annual procurement plans and ensure that the basis for all major procurement decisions is documented
Maintain all financial records and receipts and ensure proper filing and completeness
Secure approvals and follow up on invoicing and pending documents
Assist in reconciliation of credit cards, expense reimbursement claims and petty cash accounts
Oversee the full payroll lifecycle for NC KSA, including the monthly processing of payroll in Bank
Prepare and process payment of Final Settlements, including End of Service benefits, for exited staff
Prepare and verify Supplier and Customer Invoices for posting into the accounting system
Communicate with suppliers and resolve discrepancies in statements of accounts
Assist in the preparation of payment run (accounts payables list)
Review and approve payments in bank as well as provide data and support in the initiation of payments in the bank system
Release pre-payments and create accruals as needed
Support in the management of fixed assets and update fixed assets schedule and release depreciation as needed
Prepare monthly balance sheets reconciliations and the due to or due from parent company working sheets along with reconciliations
Support the team in timely closure of the month and preparation of month-end reporting
Prepare and file monthly VAT and WHT Return as well as Annual Income Tax Return and Transfer Pricing Requirements
Prepare Revenue Journals and post Revenue Invoice in the accounting system
Support in the management of the company’s cashflows
Manage Accounts Receivable to ensure timely processing of invoices and receipts thereafter
Manage Accounts Payable to ensure efficient processing of expenditures based on priority
Assist the Senior Manager, Finance & Procurement and the team with projects and tasks as required
Perform other duties as assigned

Skills

Required qualifications, at a minimum, include:

A Bachelor’s degree in Accounting, Finance, or a related discipline. A Master’s degree would be considered an asset
Minimum five (5) years’ relevant experience in an equivalent role within a finance/accounting department
Excellent written and oral communication skills in both English and Arabic
Excellent financial analysis and accounting skills with proven experience of providing financial decisions in multifunctional teams
Ability to be accurate, responsive, follow-through, multi-task and pay close attention to details is essential
Comfortable and effective in interacting with all areas and levels of the organization to drive organizational goals and objectives
Strong organizational and prioritizing skills as well as the ability to work well and make decisions under pressure and tight deadlines
Effective problem-solving and analytical skills
Demonstrated skills using Microsoft Excel
Willingness to be flexible and adaptable to changing priorities
Comprehensive knowledge of KSA and/or Middle East financial operations including statutory audits (IFRS framework) and taxation rules is considered a definite asset
Experience working in MENA countries is preferred

How to Apply:

Position will be posted on the job portal website, Bayt
Select the “Apply Now” button displayed in the job posting and follow the instructions provided
It is required that the mandatory questionnaire be completed
Ensure that your Bayt profile and CV information provided is up-to-date, and that you list all relevant work experience and education
Candidates will be shortlisted based solely on the information they provide through Bayt
If experience is not included, the system will fail to recognize your qualifications and may automatically screen out your application
All applications must be received through Bayt in order to be considered for review
Niagara College Saudi Arabia is committed to workplace diversity and provides accommodations to applicants with disabilities throughout our hiring process. If you require an accommodation, please inform us
We thank all applicants; however, only those selected for an interview will be contacted

Job Details

Job Location Riyadh, Saudi Arabia Company Industry Primary, Prep, & Secondary School Company Type Employer (Private Sector) Job Role Finance and Investment Employment Type Full Time Employee Monthly Salary Range Unspecified Number of Vacancies Unspecified

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