Consolidation & Reporting Specialist

About the Role

Alfanar is seeking a Consolidation & Reporting Specialist to join its team in Riyadh, Saudi Arabia. This full-time role involves supporting financial consolidation and reporting across multiple entities, ensuring compliance with IFRS, maintaining system accuracy, and providing timely financial analysis. The specialist will also contribute to audit processes and initiatives aimed at improving financial reporting workflows.

Key Responsibilities

• Participate in monthly, quarterly, and annual financial consolidation processes across various entities.
• Prepare consolidated financial statements in accordance with IFRS requirements.
• Execute intercompany reconciliations and resolve any identified discrepancies.
• Maintain and update consolidation systems and tools, such as Prophix, and monitor data accuracy and system performance.
• Contribute to internal management reporting and external financial disclosures, including support for variance analysis and financial performance reporting.
• Coordinate with divisional finance teams to ensure timely and accurate data submission, and communicate reporting requirements and timelines.
• Prepare audit documentation and respond to auditor inquiries, ensuring alignment with audit standards and internal control procedures.
• Participate in initiatives focused on improving reporting efficiency and accuracy, and identify areas for enhancement in consolidation and reporting workflows.

Role Accountabilities

• Maintain updated soft and technical skills relevant to the job.
• Perform planned activities to meet operational and development targets according to delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time parameters.
• Provide periodic reports detailing deviations and execution of planned tasks.
• Solve arising problems and escalate complex operational issues as needed.
• Ensure quality requirements are met to develop effective quality control and processes.
• Coordinate well-defined written systems, policies, and procedures, seeking automation opportunities.
• Comply with relevant policies, procedures, and work instructions.
• Ensure compliance with safety, quality, and environmental management procedures and controls within the defined area of work.

Qualifications and Experience

• 2-5 years of relevant experience in financial consolidation and reporting.

Work Location

This position is based in Riyadh, Riyadh, Saudi Arabia.