Senior Manager - Accounting

Description

TRSUC is responsible for delivering essential services such as renewable energy, water desalination, wastewater treatment, solid waste management, district cooling, and telecommunications infrastructure. TRSUC is pioneering the development of off-grid, renewable utility systems to ensure that RSG’s destinations are powered entirely by clean energy.

• Serve as the primary contact point for TRSUC’s external auditors, leading the preparation and support of all external audits.
• Contribute to the development and implementation of the annual business plan, and target and implement the strategic agenda of the TRSUC Commercial function to deliver TRSUC’s and RSG vision and mission.
• Oversee in the preparation of accurate and timely functional MIS statements and reports to meet corporate and functional requirements, policies and standards
• Regularly communicate financial insights for TRSUC’s leadership team, focusing on cost optimization and profit growth.
• Lead enhancements to financial reporting systems, reducing inefficiencies, and striving towards automation.
• Contribute to the identification of opportunities for continuous improvement of department’s systems, processes and practices considering ‘international best practice’, improvement of business processes, cost reduction and productivity improvement.
• Responsible for supervising, directing, and managing the company's accounting team, maintaining the accuracy of the company's financial information, and offering strategic financial guidance.
• Develop models and forecasts,track financial performance, and recommend strategies for revenue enhancement, cost reduction, and investment opportunities. Oversee the execution of approved financial strategies and adjust as necessary based on financial trends
• Efficiently respond to auditor queries, ensuring audit processes run smoothly and on schedule.
• Ensure the efficiency and accuracy of all billing operations, planning and implementing billing processes,
• Spearhead the annual budgeting and regular forecasting process for the commercial team, collaborating with other departments to align financial goals.Partner with the commercial team in developing pricing strategies and their implementation, considering financial analysis and market trends.
• Apply safety, quality and environmental management policies, procedures and controls to ensure employee safety, legislative compliance, delivery of high-quality products/service and a responsible environmental attitude.
• Liaison with contract teams to negotiate contracts with clients from a financial perspective, ensuring cost-effectiveness and profitability.
• Produce and analyze detailed financial reports such as income statements, balance sheets, and cash flow statements. Provide insights and potential impacts on commercial operations.
• Identify and analyze potential financial risks that could impact the organization's financial health. Develop and implement risk mitigation strategies and procedures,
• Design, implement, and review accounting policies and procedures to improve financial management, ensure regulatory compliance, and safeguard the organization's assets.
• Develop and maintain supporting documents for all financial reports and evaluate them for various departments and committees.
• Oversee the billing process, reduce errors, maintain updated records of invoices and contracts, align operations with business objectives and ensure compliance with legal and company policies
• Use variance analyses techniques to highlight differences between budgeted and actual financial results and provide insights for future budgeting and forecasting.
• Perform comprehensive financial analyses to project future revenues and expenses for TRSUC, including detailed investigations into financial commitments and obligations.
• Identify financial trends and recommend actions for optimization to the leadership team.
• Furthermore, responsible for financial evaluation of commercial initiatives, pricing strategies and contract negotiations.
• Ensure adherence to local and international accounting standards, tax laws, and other regulatory requirements applicable to the utility industry.
• Create financial plans aligned with the organization's commercial objectives and ensure their effective execution.
• The role will be responsible to oversee and supervise all aspects of the company's accounting function including the creation and implementation of accounting policies and procedures, managing all financial reports and statements, ensuring compliance with relevant laws and regulations, oversees all aspects of the billing process, and preparing annual budgets.

Requirements

• Comprehensive understanding of financial principles, accounting standards, and tax laws. Proficiency in analyzing financial data, identifying trends, and providing strategic insights.
• Strong adherence to high ethical standards and compliance with financial laws and regulations.
• 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.
• With a strong knowledge of commercial financial laws and regulations, ensure financial compliance in all commercial dealings.
• Strong leadership abilities to effectively manage, guide, and motivate an accounting team.
• 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.
• 12-15 years of experience in accounting, preferably within the utility industry.

Benefits

Empowering Destinations with Sustainable Innovation!

Training + Development

Interview process

Visa Sponsorship

Security clearance