Senior Manager - Accounting

Job Purpose:

Oversee and supervise all aspects of the red sea utility company’s accounting function, including the creation and implementation of accounting procedures. Monitor and manage all financial reports and statements, ensure compliance with relevant laws and regulations, and oversee the entire billing process. 

Job Responsibilities:

Accounting & Financial Control

• Manage the preparation, accuracy, and integrity of financial statements (income statement, balance sheet, cash flow) in line with accounting standards and regulatory requirements.
• Monitor and control variances between budgeted and actual results, providing insights to support sound financial decision-making.
• Develop, maintain, and safeguard supporting documentation for all financial reports, ensuring transparency and audit readiness.
• Oversee internal controls across accounting and billing operations, guaranteeing compliance, reducing errors, and mitigating financial risks.
• Drive efficiency in accounting processes by optimizing billing, invoicing, and reporting procedures to align with business objectives.
• Discuss and resolve audit requirements with internal and external auditors, ensuring smooth reviews and timely closure of findings.
• Ascertain and monitor cost structures, financial commitments, and obligations to ensure effective financial control and sustainability.

Policies, Compliance & Risk Management

• Establish and review accounting and financial control policies, ensuring adherence to regulatory frameworks, tax laws, and corporate standards.
• Guarantee compliance with international and local accounting standards (e.g., IFRS), safeguarding TRSUC’s financial integrity.
• Oversee the preparation of MIS and functional reports, ensuring accuracy and timeliness in line with management requirements.

Continuous Improvement

• Strategize enhancements to financial reporting and control systems, leveraging automation to reduce inefficiencies and strengthen accuracy.
• Plan and drive initiatives for cost optimization, process improvement, and productivity enhancement in line with best practices.
• Monitor risks in accounting and financial control processes, and implement measures to mitigate exposure while ensuring operational resilience.

Qualification and Experience

• Bachelor’s degree in accounting, Finance or a related field is minimum. A master’s degree in business administration (Master of Business Administration) or relevant field would be advantageous.
• A professional certification such as Certified Public Accountant (CPA), Chartered Accountant (CA), or Certified Management Accountant (CMA) is highly desirable. Certification by Saudi Organization for Certified Public Accountants (SOCPA) is required.
• 12-15 years of experience in accounting, preferably within the utility industry.
• Comprehensive understanding of financial principles, accounting standards, and tax laws. Proficiency in analyzing financial data, identifying trends, and providing strategic insights.
• Strong leadership abilities to effectively manage, guide, and motivate an accounting team.
• Strong adherence to high ethical standards and compliance with financial laws and regulations.