Financial Control & Reporting Expert📣 إعلان

About the Role

The Zakat, Tax and Customs Authority (ZATCA) is seeking a Financial Control & Reporting Expert to join its team in Riyadh. This full-time position requires an individual capable of leading work activities autonomously towards predetermined long-term objectives. The expert will serve as an internal consultant and facilitator, providing guidance to ensure efficient delivery and performance of operational activities within the organization.

Role Purpose and Scope

The primary operational role involves developing ZATCA's financial control and reporting framework, guidelines, and governance. This includes reviewing existing finance policies and processes, and proactively developing contingency plans to address unexpected drops in funds. The expert will play a critical role in maintaining financial integrity and providing strategic financial insights.

Key Responsibilities: Financial Control

• Design, implement, monitor, and assess ZATCA's financial control and reporting framework, guidelines, governance, and methodology to ensure consistent and unified implementation.
• Review ZATCA's financial processes and policies and monitor implementation by other Finance functions to secure operational efficiency.
• Conduct periodic financial audits on accounts, accounting statements, financial reports, and budget to identify and analyze discrepancies.
• Develop contingency plans to handle unexpected drops in funding.
• Provide inputs and recommendations to improve account structures and facilitate the reporting mechanism.
• Update the chart of accounts based on developed financial policies and decisions.

Key Responsibilities: Financial Reporting

• Prepare monthly, quarterly, and annual accounting statements, and weekly and ad-hoc reports as per approved guidelines and templates.
• Prepare periodic financial reports including KPIs, budget tracking, revenue collections, and other ad-hoc reports.
• Conduct revenue analysis impact meetings with internal and external parties and provide input and recommendations.
• Collect and consolidate all payables, receivables, cash flow, investments, etc., in preparation for the development of the yearly financial plan.
• Develop a yearly financial plan covering all payables, receivables, cash flow, investments, etc.
• Conduct financial analysis impact, study revenue collection failures, and propose solutions.
• Accurately record all collection, deposit, and revenue; study failures, and recommend corrective plans if/when needed.
• Develop tax, customs, and zakat revenue forecasts and refunds forecasts and communicate with related stakeholders.
• Provide stakeholders with timely, detailed, and meaningful insights and visibility on business performance to support planning and decision-making.

Organizational Support and People Development

• Follow all relevant policies, processes, and standard operating procedures to ensure work is carried out in a controlled and consistent manner.
• Assist in solving escalated problems and provide necessary support for junior team members to ensure work is carried out efficiently.
• Escalate complex problems to the relevant person to ensure cases/issues are closed properly.
• Train junior staff on different job activities to ensure transfer of know-how, when applicable.
• Provide clear direction, prioritize tasks, assign and delegate responsibility, and monitor the workflow of subordinates/junior staff.
• Support junior staff or direct reports in order to execute their duties according to set policies and processes.
• Perform other duties as requested.

Required Experience

Candidates for this position should possess 5 to 10 years of experience in financial control and reporting. Demonstrated ability to lead initiatives autonomously and provide expert guidance is essential for success in this role.