Financial Reporting Manager

About MEMF Electrical Industries Co.

MEMF Electrical Industries Co., the industrial arm of KFB Holding Group, supports Saudi Arabia’s power infrastructure by manufacturing high-quality electrical products. The company operates advanced facilities in Riyadh, producing solutions for utility and industrial customers. These products include smart energy meters, circuit breakers, LV & MV instrument transformers, LV & MV switchgear solutions (up to 36 kV), distribution & power transformers (up to 10 MVA), and FRP meter boxes & feeder pillars. All products are internationally type-tested and supported by engineering expertise and certified quality systems (ISO 9001 & ISO 45001).

The Role of Financial Reporting Manager

MEMF Electrical Industries Co. is seeking a Financial Reporting Manager to join its team in Riyadh, Saudi Arabia. This full-time position involves leading financial reporting processes, ensuring compliance, and providing financial insights to support management decisions. The role requires a professional with over 10 years of experience in financial reporting and operations.

Key Responsibilities

• Lead the year-end financial reporting and external audit process.
• Prepare and review audit working papers and supporting documentation.
• Ensure accurate and timely completion of regulatory and statutory reports.
• Manage financial reporting requirements, including government surveys and external submissions.
• Provide accurate financial information to support management decision-making.
• Oversee bank reconciliations and ensure timely resolution of outstanding items.
• Assess the impact of new accounting standards on financial reporting and disclosures.
• Review and enhance financial reporting controls and processes.
• Develop controls and reporting procedures to ensure GL data accuracy and integrity.
• Coordinate audits required by funding agencies and third-party agreements.
• Oversee financial reporting for controlled and affiliated entities.
• Review and analyze the financial statements of affiliated entities.
• Establish short- and long-term priorities for the Financial Operations function.
• Partner with the Controller to strengthen financial reporting and operational effectiveness.
• Provide financial reporting expertise to Finance initiatives and cross-functional projects.
• Identify opportunities to improve reporting processes, controls, and efficiency.
• Support senior management with financial analysis, insights, and reporting recommendations.

Qualifications and Experience

• A minimum of 10 years of relevant experience in financial reporting.
• Demonstrated ability to lead financial reporting and audit processes.
• Strong understanding of accounting standards and regulatory requirements.
• Experience in developing and enhancing financial controls and processes.

What We Offer

• A competitive salary and benefits package.
• A leadership opportunity within the finance function.
• Professional growth and career development opportunities.
• Exposure to senior management and strategic financial initiatives.
• A collaborative and performance-driven work environment.