About the Role:
The Legal Entity Controller position within the MENA Finance team is crucial for managing financial operations and ensuring compliance with local regulations in Saudi Arabia. As part of a small team, the role involves being the principal Finance contact for the Saudi Tax Authority and overseeing statutory financial reporting, regulatory obligations, and tax compliance. The successful candidate will play a key role in period-end reporting, internal and external audits, and maintaining governance standards within the financial entity.
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The Team:
The MENA Finance team comprises four professionals, with three based in UAE and one in Saudi Arabia, who support four legal entities across the UAE, Saudi Arabia, Qatar, and Egypt, adhering to various regulatory and statutory requests.
Responsibilities:
- Preparing month-end close journals in Oracle Cloud General Ledger.
- Preparing monthly commentary on balance sheet and profit and loss variances for both local IFRS reporting and US GAAP.
- Generating MLKSA’s CMA Prudential Returns and responding to regulatory inquiries.
- Preparing financial statements in collaboration with Accounting Policy, and presenting these to the MLKSA Board.
- Supporting both internal and external audits.
- Reviewing trading profit and loss to ensure reconciliation with the general ledger and proactively resolving discrepancies.
- Securing Vendor Management approval on engagement letters.
- Ensuring compliance with VAT, WHT, and CIT, while leading tax inspections and appeals, and managing e-Invoicing and Contracts Information Filing.
- Completing and evidencing controls during the monthly Supervisory Review.
- Updating and maintaining finance procedures and intercompany agreements.
- Collaborating within the MENA finance team to develop knowledge-sharing practices and providing adequate coverage.
What We Are Looking For:
- A qualified accountant.
- Proficiency in Excel is essential.
- Ability to work effectively both independently and as part of a team.
Contract and Travel Details:
- This role is based in Riyadh, Saudi Arabia, and involves adherence to an in-office culture with specific attendance requirements, allowing for flexibility based on role-specific considerations.
