Lead Accountant, FA

‎1. JOB DETAILS:

Position Title: Lead Accountant, Fixed Asset
Broad Band: M11: Experienced professional
Talent Pipeline Layer: Managing Self Technical/Professional
‎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:
B Com (or relvant Degree including Accounting)
or Incomplete B Com
Certified MA
Experience:
‎6 Years (B Com)
‎8 Years (Incomplete B Com)
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 contribution, effort and self management
Operational / Functional
‎1. Consistently delivers on all service level agreements
‎2. Quality results through cost effective service and on time support
‎3. Cost awareness and control
‎4. Technical expertise and advice
‎5. Technical/operating systems and models
‎6. HSE targets
* Prepare all accounts payable supporting documents secured, approved and payment run scheduled; run payment exception reports and investigate and resolve blocked invoices
* Resolve suppliers' queries resolved or escalated for action
* Prepare cash flow forecasts for accounts payable
* Review and approve monthly supplier reconciliations
* Process specialised creditors functions relating to pre-payments, early payments, retentions and foreign exchange contracts and guarantees in compliance to company policies and procedures
* Validate invoices against payment
* Ensure accurate and complete vendor master data
* Balance sub-ledger with control account in General Ledger
* Conduct monthly General Ledger reconciliations
* Compile management reports relating to the accounts payable function (Vendor Age Analysis)
* Reconcile and control the GRIR account daily
* Negotiate settlement discounts with vendors for early settlement within limits of authority
* Ensure that all new assets are recorded in asset register, physical verified and monitor asset register in financial system
* Run system to calculate depreciation of assets
* Establish, track and close capital projects
* Ensure compliance to audit and regulatory requirements
* Monitor and compile report on daily cash balances and approve and reconcile petty cash
* Accurate processing of electronic transfers according to company policy and confirm accuracy with bank before payment of telegraphic transfers
* Manage foreign creditors cleared in Finance System
* Processes electronic transfers and foreign payments in accordance to contract terms
* Administers physical banking activities within the business section
* Prepare journals for posting/authorisation in ledger and reconcile general ledger accounts with necessary follow-up actions and review accounting and related systems for accuracy and completeness
* Prepare cash flow forecasts for accounts receivable
* Process sales documentation and issue invoices in compliance with financial procedures
* Process journal entries on Financial System e.g. management fees, commissions etc.
* Prepare and analyse financial statements (income statement, balance sheet, trail balances, cash flow, etc)
Leadership
‎1. Understand, support and live the Ma'aden vision, values and goals
‎2. Takes accountability for personal improvement, personal development,
skills development and effectiveness
‎3. 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)
‎4. Establish professional standards for work, project plans and organization
to ensure service provision and effective individual contribution
‎5. Share expertise freely and often during the application/review of
policies, practices, standards, procedures and methods
‎6. 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
‎7. Progress monitoring, reporting and corrective action
‎8. 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
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