CFO ,Finance Manager and Budgeting & Reporting Manager for Saudi Arabia

We are looking for a CFO,Budgeting and Reporting Manager and Finance Manager for our Insurance Major client in Saudi Arabia . Kindly have a look at the detailed JD below and send your cv. You can send your cv to binaryberries8@gmail.com.You can also become a follower on this blog by clicking on the right hand bottom link which is just below where the advertisements end.We are looking only at immediately available candidates.

1. Finance Manager
Education:
CA / ICWA / ACCA / CPA  or other post graduate qualification with 8-10 years Post Qualification Experience
Experience:
-        5-7 years working experience in insurance industry
-        Past experience of working in financial management, accounting, cash management in Insurance environment.
-        Ability to analyze, interpret and recommend actions based on set of financial information.
Skills/Attributes:
·        Comprehensive background in IFRS, and Corporate governance.
·        Excellent Accounting and Auditing Skills
·        Good Business Analytical Skills;
·        Good knowledge of insurance products and services.
·        Hands on experience with MS Office
·        He will be energetic, determined, straightforward and have a strong personality - able to deal with colleagues throughout the Company at the top level.
·        He will be a team player and also able to work on his own initiative when required.
·        Leadership abilities & qualities, MS Office
Responsibilities :

-        Manage accounting and cash activities as well as team to ensure that work is properly allocated and completed in a timely and accurate manner.
-        Obtain and maintain a through understanding of the general ledger structure.
-        Ensure an accurate and timely monthly, quarterly , and year end close
-        Work with the CFO to ensure a clean and timely year end audit
-        Follow up with the external auditors during the annual and Quartile audits.
-        Follow up with the tax consultant.
-        Develop and implement policies, procedures, and features to enhance the work flow and the internal control of the department.
-        Prepare all returns for related regulatory institutions
-        Prepare the annual and periodic Financial Statements for review with the CFO.
-        Assure that all work undertaken by all areas under domain is in conformity with the financial policies, practices and standards
-        Oversee the preparation and communication of monthly, Quartile and annual Financial Statements in accordance with IFRS.
-        Review investment reconciliation on a monthly basis
-        Reconcile Fixed assets register and ledger monthly, Quartile and annual
-        Review  Reinsurance accounts
-        Review  financial reports.
-        Provide management information to the CFO on a periodic and ad hoc basis regarding all financial aspects of the company.
-        Further duties and responsibilities as assigned by the CFO from time to time.

2. Budgeting & Reporting Manager
Education:
CA / CPA with 8-10 years Post Qualification Experience
Experience:
·        5-7 years working experience in insurance industry
·        Past experience of working in financial reporting / budgeting in Insurance environment.
·        Ability to analyze, interpret and recommend actions based on set of financial information.
Skills/Attributes:
·        Excellent Accounting and Reporting Skills
·        Good Business Analytical Skills;
·        Good knowledge of insurance products and services.
·        Hands on experience with MS Office
·        Strong Interpersonal and Communication skills;
·        Leadership abilities & qualities, Highly motivated and vigilant
Responsibilities :

·        Prepare MIS of actual and budgets for various periods, make comparison between budget targets, productivities, portfolio volumes, expansion plans commitments, etc.  
·        Provide monthly financial reporting to the business group, covering profitability margins, portfolio growth, spreads, Expense and revenue growth analysis comparing actual and budget for decision making.
·        Prepare Budget / Forecast  for company and the Business groups, analyze business group’s performance on monthly basis, and address the major areas of improvement and follow-up with the business group for corrective action.

·        Prepare periodic financial and non-financial information for business analysis.
·        Setup MIS structure to ensure quick response for all formal and MIS requirements.

3. CFO

Master degree in accounting (with honors) from a recognized university, CA, ICWA  and a member of professional accounting bodies e.g CPA, CMA, ACA.
Experience:
10-15 years working experience in accounting department of established life Takaful/insurance companies.  
Skills/Attributes:

Understand International Accounting Standard, SAMA laws relating to Finance and Accounting procedure.
Responsibilities :
·        Assume full management responsibility for all Finance and Accounting Department services and activities including finance, budgeting, accounting, taxation and treasury/investment  administration functions
·        Design and implement cost and financial control for the business to ensure internal controls are in place for all depts.
·        Advises the management on the effectiveness and efficiency of all business divisions, financial performance and strategic actions.
·        Achieving the profit targets for the company by maximizing returned value
·        Develop, implement and administer goals, objectives, and procedures for providing effective and efficient Finance and Accounting Department programs and services.
·        Provide  financial advice and guidance to heads of business / support units
·        Exposure in Mergers, Acquisitions & Business Transfer Agreement
·        Review and ensure timely preparation and submission of financial reporting to stakeholders e.g. regional offices of holding company, BOD, management, SAMA, CMA, Tadawul and relevant authorities.
        ·        Develop and establish controls necessary to assure the accuracy and security of all records and funds; evaluate performance of accounting procedures and financial controls
        ·        Develop finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with         organizational objectives.
        ·        Interpret and apply applicable policies, procedures, laws and regulations.
        ·        Develop and maintained an integrated  financial accounting system


NOTE : -
1. Any candidate should have Life insurance experience( TOP 10 LIFE INSURANCE COMPANIES)
2. Candidate should be well-adverse about Life Insurance Terminology's
3. Candidates will be short-listed only for reputed Life insurance companies across the globe