CKSA_ Finance Lead_ Riyadh

Role Overview

Finance Lead for Canon's Riyadh operations. Based in Riyadh, reporting to the Financial Controller.

Role Purpose

To manage all financial accounting, management accounting, budgeting, cash flow, cost control and profitability functions for Canon's Kingdom of Saudi Arabia operations, while leading a team of 2 finance specialists and ensuring accurate financial reporting and strong internal controls.

Key Responsibilities

Financial Management & Planning

• Take full responsibility for financial accounting, management accounting, budgeting, cash flow, cost control and profitability of Canon operations in KSA.
• Manage cash flow operations.
• Achieve Inventory Level targets in coordination with the Marketing, Service and Supply Chain Department.

Monthly & Annual Close

• Take full responsibility for the Financial Month Close and all Financial Reporting.
• Finalize Monthly and Annual Financial Accounts to ensure timely preparation of Monthly Reports with Actual v Budget within Canon's guidelines.
• Prepare monthly accruals, depreciation, prepaid, inventory provision and other month end financial adjustments.
• Prepare monthly Balance Sheet reconciliations.
• Book financial entries.

Accounts Payable & Journal Entries

• Take full responsibility for the Accounts Payable Function by posting invoices, expense claims, payments and other related journal entries.
• Provide overall assistance in daily routine work including Payables, Payments, Accounting, Banking, Sales Invoice Posting, etc.
• Maintain Petty Cash Control and financial entry booking.

Reporting & Analysis

• Prepare Monthly Financial Reports including Balance Sheet and P&L.
• Prepare Inventory Report and analysis, leading monthly meetings with Marketing, Supply Chain and Service to achieve targets.
• Produce other ad hoc reports and analysis as required by Financial Controller.

Internal Controls & Compliance

• Develop, implement and monitor the internal controls.
• Develop, document, implement and maintain Internal Control Policies and Procedures.
• Ensure lease accounts are maintained as per US GAAP.
• Coordinate with auditors for Financial Year-End Audit.

Team Leadership & Support

• Lead and manage a team of 2 finance specialists.
• Provide supervision and assistance to junior team members as required with accounting matters.
• Act as support to Financial Controller and deputize in their absence.
• Offer support to other Finance team members.

Systems & Operations

• Gain a strong understanding of the ERP system and implement various modules and improvements with the assistance of ICT.
• Maintain and update Financial and Accounting records and filing of the department.
• Carry out other duties as assigned by the Financial Controller.

Qualifications & Experience

• Minimum 10 years of overall work experience.
• Practical hands-on exposure in a similar Finance management role (4 years minimum).
• Experience in multinational companies required.
• Professional accounting certification required (CA, CPA, CMA or equivalent).
• Accounting, Finance or Business Administration BBA degree.
• MBA preferred but not required.

Skills & Competencies

• Arabic language preferred and is a plus.