PwC Middle East

Country Finance Manager

Location
Riyadh
Salary
Not disclosed
Posted
01 Mar 2024
Closes
01 Apr 2024
Ref
490961WD
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Manager

Description

Established in the region for 40 years, PwC has around 8,000 people in 12 countries across the region: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, the Palestinian territories, Qatar, Saudi Arabia and the United Arab Emirates.

Our regional team operates across the Middle East bringing international experience delivered within the context of the region and its culture. We can bring the collective knowledge and experience of more than 328,000 people across the entire global PwC network in advisory, assurance and tax to help you find the value you are looking for.

Job Description & Summary

The Country Finance lead is a pivotal role responsible for ensuring accurate financial reporting, regulatory compliance, and effective financial management in a designated region.

The Country Finance lead has ownership of the trial balance, oversees local tax reporting, statutory reporting, collaborates with central teams, manages liabilities, bookkeeping and treasury functions, provides LoS support, participates in budgeting, and conducts cash flow projections.

With a focus on accuracy, compliance, and financial insights, the Country Finance lead contributes significantly to driving financial performance and facilitating informed decision-making within the region.

Key Responsibilities:

  • Trial balance ownership; ensuring the accuracy of accounting entries and compliance with accounting principles for statutory financial statement presentation.
  • Manage local tax reporting, including VAT, WHT, CIT, payroll taxes, and regulatory compliance within set deadlines.
  • Collaborate and coordinate with central teams, such as financial controls, firm tax, statutory reporting, financial planning & analysis, procurement, and treasury.
  • Oversee transitory accounts, review fixed asset schedules, and manage liabilities, including payments to vendors and contingent workers.
  • Coordinate and review payroll activity, ensuring correct allocations, deductions and benefits, and collaborating with regional payroll teams for accurate accounting.
  • Review and approve expenses payments, identify anomalies, and settle claims before the employee exits.
  • Engage in business partnering activities, collaborating with stakeholders on spend commitments, entity-based budgeting, and procurement workflows.
  • Manage bookkeeping and shared service center (SSC) functions, including accounts payable (AP), accounts receivable (AR), vendor onboarding, and communication.
  • Handle treasury functions, maintain relationships with banks, issue related documents, and manage inter-territory matters.
  • Provide support to LoS managers in portfolio reviews, work-in-progress (WIP) management, billing, budget rates, net investment analysis, and review of profit and loss (P&L) records.
  • Support budget preparation for LoS and office budgets, including leadership budgets.
  • Ensure compliance with legal matters, including annual licenses, registration certificates, and support office management with procurement processes.
  • Handle tax compliance requirements, provide analysis for inspections, and prepare documentation and proof of payments for tax authorities.
  • Create cash flow projection reports to determine cash position, manage cash movement between banks, and ensure payment requirements are met.

The Country Finance lead plays a crucial role in driving financial performance, ensuring compliance, and providing valuable financial insights to support effective decision-making within our designated region(s).

Including such other duties that may be assigned to you by your manager (do not remove)

  • Proven experience in finance management roles, preferably within a multinational organization.
  • Strong knowledge of accounting principles, financial reporting, and regulatory compliance.
  • Excellent analytical and problem-solving skills with a keen attention to detail.
  • Advanced proficiency in financial software and MS Excel.
  • Demonstrated ability to collaborate effectively with cross-functional teams and stakeholders.
  • Exceptional communication and interpersonal skills, with the ability to present financial information to non-financial stakeholders.
  • Strong organizational and time management skills, with the ability to manage multiple priorities and meet deadlines.
  • Financial Management,
  • Investment management,
  • Risk Management,
  • Communication,
  • Leadership and relationship management
  • English; Arabic preferred.
  • Bachelor's degree in finance, accounting, or a related field.
  • Professional certifications (e.g., CPA, ACCA) are preferred.
  • At least 5 Years in Financial Management

For further information, and to apply, please visit our website via the “Apply” button below.

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