Accounting Manager

We are hiring Accounting Manager – Al Khobar, KSA

Alfa Laval is looking for Accounting Manager – Al Khobar, KSA Managing and developing financial accounting function and assume a leadership role within the organization to make sure all financial accounting, cost accounting and reporting activities are performed according to the company's reporting protocols and procedures.

About the Company:

In Alfa Laval, we are every single day contributing to a more sustainable future for our planet through engineering innovation. Alfa Laval is the world leader within the key technology areas of heat transfer, separation, and fluid handling. Our company was founded on a single brilliant invention, and innovation remains at the heart of everything we do. With more than 3700 patents, we provide worldwide solutions in areas that are vital to society both today and for the future. The people of Alfa Laval enjoy the freedom to pursue ideas and the resources to see those ideas become reality, in an environment that welcomes drive, courage, and diversity. The result is a company where we all can be very proud of what we do.

We are dedicated to optimizing the performance of our customers' processes. Our world-class technologies, our systems, equipment, and services must create solutions that help our customers stay ahead. Please feel free to peruse our website www.alfalaval.com

Main purpose of this job:

• Managing and developing financial accounting function and assume a leadership role within the organization to make sure all financial accounting, cost accounting and reporting activities are performed according to the company's reporting protocols and procedures.
• Full ownership of AL Arabia and AL RHQ financial statements.
• Internal control is responsible for all finance related processes.
• Responsible for ensuring that reporting and accounting systems comply with local laws, IFRS, ALMEA and Group Policies

Key Tasks and responsibilities:

In this job the Accounting Manager will be responsible for:

• Responsible for driving adoption of strategic direction and ensuring implementation of the same within the Finance Department.
• Responsible for statutory and group accounting, book closing, reporting on monthly basis for all KSA entities ensuring data quality, compliance and timeliness.
• Preparation of financial reports, such as income statements, balance sheets, analyze deviations.
• Oversee the investment of funds, manage associated risks, supervise cash management activities.
• Disbursement and Accounting for Payroll, Bonus, Leave & EOSB and coordination with local and regional HR to comply with the local labour laws.
• Establish & monitor the implementation and maintenance of accounting control procedures ensuring compliance with statutory & group rules
• Responsible for Forecasting of Costs and Financial affairs of the companies.
• Responsible for cash flow management and management of associated risks.
• Responsible for upholding procedures for custody and control of assets, records, loan collateral, and securities, to ensure safekeeping.
• Coordinate risk and insurance programs of establishments to control risks and losses.
• Keep the ALMEA management up to date with new applicable legal requirements, rules and regulations in time and propose adequate action.
• Liaise and coordinate all relevant issues with the local banks.
• Prepare and execute financial and tax audits in close cooperation with the ALMEA finance management and the appointed audit firm.
• Ensure compliance with VAT, Income Tax, Payroll taxes and WHT regulations and monthly, quarterly and annual tax returns filing
• Ensure compliance with Transfer Pricing (DFCT, CbCr etc.) regulations
• Performance management, coaching and on job training of staff under area of responsibility
• Ad hoc tasks, initiatives and projects.

Your background

• Bachelor’s degree in accounting or finance, with professional certification (ACCA, AICPA, CA, or CIMA) an