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Home/Jobs/Assistant Finance Manager - Agriculture Business Division
Matar Al Baqmi Holding Company logo
Matar Al Baqmi Holding Company

Assistant Finance Manager - Agriculture Business Division

🇸🇦 Dammam, Saudi Arabia🏢 On-site
Financial AccountingIFRSGAAPVATZakatBudgetingFinancial AnalysisInternal Controls

At a Glance

Category
🏦 Finance & Banking
Level
Mid-Level
Type
Full-time
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Matar Al Baqmi Holding Company logo
Matar Al Baqmi Holding Company
250-1000 employees

1 Oversee all aspects of financial accounting process & transactions under his/her responsibility, timely and accurate month-end and year-end closing processes and proper general ledger maintenance.

2 Preparation of accurate and timely financial reports for the business unit within the Division.

3 Conduct regular review and analysis of transactions to detect incorrect/unusual recordings avoiding surprises.

4 Prepare and analyze financial statements, variance analysis, and other financial reports for senior management and stakeholders.

5 Ensure transactions are recorded accurately ensuring proper validation. Making month end provisions and accruals for services/products received but not invoiced. Ensure the principle of matching cost with revenue.

6 Ensuring 3-way validation of invoices prior to booking and payment processing.

7 Develop strategic relationship with all stakeholders. Providing insights to senior management to support strategic decision-making.

8 Identifying and driving cost saving initiatives including finance charges.

9 Participating in the budgeting process for the division, working closely with FPM & department heads.

10 Develop and implement financial policies & procedures and ensure compliance.

11 Establishing and maintaining internal control procedures to safeguard company assets and ensure compliance with accounting standards (such as IFRS/GAAP) and regulations.

12 Identifying and assessing financial risks faced by the division, such as currency risk, interest rate risk, and credit risk. Implementing strategies to mitigate these risks.

13 Overseeing the implementation and maintenance of financial systems and software to streamline processes and enhance efficiency. Drive process improvements and automation initiatives to enhance efficiency and effectiveness.

14 Contributing to the development of the group's financial strategy and objectives. Providing recommendations to improve financial performance and optimize resource allocation.

15 Communicating financial information effectively to stakeholders, including senior management.

16 Monitor and analyze financial performance against budget and forecast, identifying areas for improvement, and implementing corrective actions as needed.

17 Collaborate with cross-functional teams to support business initiatives and strategic projects, providing financial expertise and guidance.

18 Coordinate with external and internal auditors to facilitate the audit process and ensure timely completion of audit deliverables.

19 Evaluating investment opportunities and capital expenditure projects within the division. Conducting cost-benefit analysis and providing recommendations to senior management.

20 Leading and managing the finance team within the division. Providing guidance, training, and support to ensure the team's effectiveness and professional development

21 Knowledge of preparing and Reporting of ZAKAT, Tax, monthly VAT in Saudi Arabia

22 Preferable knowledge of Agricultural business, Animal Feed manufacturing and Poultry farms.

Professional qualification like ACA, CPA, ACCA, CIMA

Minimum of 10 years of progressive experience in accounting and finance roles, with at least 5 years in a managerial or leadership position.

Preferable experience in Agriculture , Poultry Farm business.

Job-specific Skills and Competencies

1. Thorough knowledge of accounting principles, practices, and regulations, with experience in financial reporting, auditing, and internal controls.

2. Strong analytical skills and attention to detail, with the ability to interpret complex financial data and make informed decisions.

3. Excellent communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels of the organization.

4. Proven leadership abilities, with a track record of building and motivating high-performing teams.

5. Advanced proficiency in Excel, words, power point; experience with ERP systems preferred.

6. Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.

7. Strong problem-solving skills and a proactive, results-oriented mindset.

8. High level of integrity, ethics, and professionalism.

Requirements

  • •Knowledge of preparing and reporting ZAKAT, Tax, and monthly VAT in Saudi Arabia
  • •Ability to ensure 3-way validation of invoices
  • •Experience in identifying and assessing financial risks (currency, interest rate, credit)
  • •Ability to develop and implement financial policies and procedures
  • •Experience with internal control procedures and accounting standards (IFRS/GAAP)
  • •Ability to lead and manage a finance team

Nice to Have

  • •Knowledge of Agricultural business
  • •Knowledge of Animal Feed

Responsibilities

  • •Oversee all aspects of financial accounting processes and month-end/year-end closing
  • •Prepare accurate and timely financial reports, variance analysis, and financial statements
  • •Conduct regular review and analysis of transactions to detect incorrect recordings
  • •Make month-end provisions and accruals ensuring matching of cost with revenue
  • •Develop strategic relationships with stakeholders and provide insights for decision-making
  • •Identify and drive cost-saving initiatives including finance charges
  • •Participate in the budgeting process and monitor performance against forecasts
  • •Oversee implementation and maintenance of financial systems and automation

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  • See the score Matar Al Baqmi Holding Company's ATS gives your resume
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60 seconds. $5.88 one-time.

GCC Info
Company
Matar Al Baqmi Holding Company logo
Matar Al Baqmi Holding Company
250-1000 employees

Matar Al Baqmi Holding Company is a Saudi Arabian conglomerate with investments across various industries. Their operations span sectors such as contracting, real estate, and services.

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