Manager, FA

‎1. JOB DETAILS:

Position Title: Manager, Fixed Assets
Broad Band: M12: Experienced professional
Talent Pipeline Layer: Managing Others (MO)
‎2. OVERALL JOB PURPOSE:
Financial accounting is responsible for the summary, analysis and reporting of
financial transactions related to business applying standardised processes and
guidelines; this involves the preparation of financial statements such as an
income statement or a balance sheet (available to external stakeholders
‎3. QUALIFICATIONS, EXPERIENCE & SKILLS:

Qualification:
‎1. Bachelors/Masters/PhD in Accounting
Experience:
‎10 Years relevant experience in Accounting , more than ‎7 Years experience in
Fixed Asset
Skills:
* Effective management skills
* Sound knowledge and understanding of practical impact of all relevant regulatory and statutory requirements
* Sound knowledge and understanding of Ma'aden codes, regulation, rules, procedures and processes
* Subject matter expert on the specific processes
* Competent in using applicable technology software and/or systems
* Teamwork and ability to deal with diversity
* Sound understanding of fundamentals of business processes
* Proficient attention to detail
* Coping with pressures and setbacks
* Advanced ability to gather information and accumulate data
* Results driven
* Design thinking
* Facilitation and influencing skills
* Curios and innovative
* Ability to adapt to and facilitate change
* Proficient knowledge of Ma'aden commercial practices
* Effective oral and written communication
* Analytical and critical thinking
* Advanced knowledge of discipline processes and procedures
* Advanced problem solving and desicion making skills
* Advanced writing and reporting skills
* Following rules, regulations and procedures
* Advanced proficiency at application of theory to practical design and detailed design
* Apply and demonstrate sound problem analysis techniques
‎4. KEY ACCOUNTABILITIES:
Focus Area
Get results through individual contributions
Operational / Functional
* Review and approve the forms submitted by Proponent after initials review by the Fixed Asset Account.
* Review and provide internal approval to the identified changes to the CWIP treatment, prior to sending for final approval by Management
* Review and post the accounting entry to update the CWIP in Project Module, post approval of the changes to the CWIP treatment
* Ensure that the asset tags are put on the fixed assets
* Review and post the journal entry to account for the monthly depreciation for the fixed assets added to the fixed asset module
* Review and post the journal entry for the transferred and disposed fixed assets to accurately record the gain / loss
* Review the variance report created by the fixed asset accountant and recommend corrective actions to resolve the identified variance
* Post the accounting entries in fixed asset register, in case the fixed asset variance cannot be resolved
* Create the final report of variance between fixed asset register and physical audit and share with Internal Audit
* Review and approve the appropriate interest / discount rate for the financial leases and site decommissioning and rehabilitation provisions
* Review and post the accounting entry for the initial recognition of the leased fixed asset
* Review and provide internal approval to the identified changes to the site decommissioning and rehabilitation provisions, prior to sending for final approval by Management
* Contribute to requirements of internal and external auditors as per the directions of the Fixed Asset Director
Leadership
* Understand, support and live the Ma'aden vision, values and goals
* Takes accountability for personal improvement, personal development, skills development and effectiveness
* Supports and articulate personal goals that are aligned to the business direction, that lead to personal development and effectiveness; Continuously strives to improve personal mastery, professional growth and business skills (ensuring technical/professional development in specialist area)
* Establish professional standards for work, project plans and organization to ensure service provision and effective individual contribution
* Share expertise freely and often during the application/review of policies, practices, standards, procedures and methods
* Conduct analysis to formulate recommendations and design solutions and implement them effectively, problem solving and decisions quality - Analysed, formulated recommendations, designed solutions and implemented them effectively
* Progress monitoring, reporting and corrective action
* Statutory compliance and professional practices
* Get results through empowering others to act
* Enable team members to achieve competence for career progression
* Coaching and development of own staff
* Mentor
* Avail staff for training and development required due to change initiatives
* Avail staff for development opportunities (incl. rotation to other Affiliates; International assignments)
* Ensures team motivation and team wellness
* Lives company values and ensures compliance of team to the values
* Apply new ideas and work methods and opportunities for improving business results through team engagement
Relationships
‎1. Build constructive working relationships with manager, peers, clients and
other service providers (all stakeholders) to ensure effective stakeholder
relationships
‎2. Supports peers/team members to achieve team objectives through knowledge
sharing, networking and collaboration with colleagues and other teams
‎3. Maintain Manager and peer relationships marked by professional
communication, behaviour and actions that results in high levels of
credibility, trust and respect throughout the business unit or function
‎4. Consistently meet customer and business requirements through
technical/professional communication
‎5. Puts forward new ideas, thinking and approaches adopted and supported by
the business
* Facilitate effective communication up and down from management and also within own and other stakeholder teams
* Network and collaborate with service providers (e.g. finance, HR, IT, etc)
* Build and maintain sound relationships with consultants and external service providers
* Identify and support inter-dependencies (synergies) with own and other departments within the value chain
* Build and maintain sound working relationship with external and internal auditors and co-ordinate audit reports
‎5. COMPETENCIES:
Technical/Functional
* Sound understanding of the regulatory / legal and economic environment as well as the competitive landscape and financial risks / opportunities of the industry
* Advanced knowledge accounting and financial management principles in order to contribute to organisational operating decisions
* Advanced data gathering and analysis applying complex data gathering techniques)
* Sound understanding of financial concepts and technics and structure the analytical approaches to be used to support the business
* Strong financial management capabilities
* Detailed knowledge of the establishment of financial plans, budgets and forecasts and their associated processes
* Sound knowledge of the overall philosophy and functionality of financial and management accounting systems and their interrelationship with other related/affected systems in and outside of Ma'aden
* Sound knowledge of internal control procedures
* Sound knowledge and understanding of risk management concepts and tools
* Understand the impact of decisions on strategic and financial goals
Leadership
* Developing self and others
* Drive digitalisation within the function
* Teamwork and collaboration
* Continuous improvement
* Performance management process and system
* General knowledge of people related policies, regulations and processes
* Contribute to establish Ma'aden as 3rd pillar of KSA economy
Safety
* Safety advocate - anywhere and everywhere
* Advanced knowledge and application of HSE rules and procedures
* Sound knowledge of applicable HSE legislation and regulations and its practical implications
* Concern for own wellbeing and that of others
* Ability to contribute to fostering a safety culture