Financial Control & Reporting Expert📣 Job Ad

About the Role

The Zakat, Tax and Customs Authority (ZATCA) is seeking a Financial Control & Reporting Expert to join its team in Riyadh, Saudi Arabia. This position is integral to developing and maintaining ZATCA's financial control and reporting framework, ensuring operational efficiency, and providing strategic financial insights. The role requires an individual who can work autonomously, offering guidance and acting as an internal consultant to achieve operational activities and long-term objectives. This full-time role involves leading financial initiatives, reviewing policies and processes, and developing contingency plans to support financial stability.

Key Responsibilities

• Design, implement, monitor, and assess ZATCA's financial control and reporting framework, guidelines, governance, and methodology for consistent application across the authority.
• Review ZATCA's financial processes and policies, and monitor their implementation by other Finance functions to enhance operational efficiency.
• Conduct periodic financial audits on accounts, accounting statements, financial reports, and budgets to identify and analyze discrepancies.
• Develop contingency plans to manage unexpected funding fluctuations.
• Provide recommendations for improving account structures and reporting mechanisms.
• Update the chart of accounts in alignment with developed financial policies and decisions.
• Prepare monthly, quarterly, and annual accounting statements, along with weekly and ad-hoc reports, adhering to approved guidelines and templates.
• Generate periodic financial reports, including Key Performance Indicators (KPIs), budget tracking, revenue collections, and other ad-hoc reports.
• Lead revenue impact analysis meetings with internal and external parties, providing essential input and recommendations.
• Collect and consolidate payables, receivables, cash flow, investments, and other financial data for the development of the yearly financial plan.
• Develop the yearly financial plan, encompassing all payables, receivables, cash flow, investments, and other relevant financial aspects.
• Conduct financial impact analysis, study revenue collection failures, and propose effective solutions.
• Accurately record all collections, deposits, and revenue, analyzing any failures and recommending corrective plans.
• Develop forecasts for tax, customs, and zakat revenue, as well as refund forecasts, and communicate these with relevant stakeholders.
• Provide stakeholders with timely, detailed, and meaningful insights into business performance to support planning and decision-making.
• Adhere to all relevant policies, processes, and standard operating procedures to ensure work is carried out in a controlled and consistent manner.
• Assist in resolving escalated problems and provide support to junior team members for efficient workflow.
• Escalate complex problems to the relevant personnel to ensure proper closure of cases and issues.
• Perform other duties as requested by management.
• Train junior staff on various job activities to facilitate knowledge transfer.
• Provide clear direction, prioritize tasks, assign and delegate responsibilities, and monitor the workflow of subordinates and junior staff.
• Support junior staff or direct reports in executing their duties according to set policies and processes.

Qualifications and Requirements

• A Bachelor's degree in Finance or an equivalent qualification is required.
• A Master's degree in Finance or an equivalent qualification is preferred.
• A minimum of 5 years of relevant experience in financial control and reporting is required.

Required Skills

• Advanced proficiency in Financial Reporting and Control.
• Advanced understanding of Accounting Standards and Practices.
• Advanced skills in Financial Planning and Analysis.
• Proficiency in Collaboration and Communication.
• Demonstrated Professionalism.
• Results Oriented approach to work.
• Strong Customer Focus.
• Proficiency in Risk Assessment and Management.
• Experience in Treasury Operations and Fund Management.
• Developing capabilities in the Enablement of Change and Innovation.

Work Environment and Details

This is a full-time position based in Riyadh, Saudi Arabia. The role involves working within the Zakat, Tax and Customs Authority.