Fianance Manager

Restaurant Industry

Full time
Riyadh
Posted 10 months ago

Requirements & Personal Attributes:

  • Qualified Accountant with at least 5 years\’ experience in the restaurant industry, managing complete finance team.
  • Able to demonstrate up-to-date knowledge of current accounting and tax standards.
  • Must be self-motivated, have high attention to detail, possess exceptional Excel skills, and have an inclusive and determined approach to getting things done.
  • Highly analytical; proven ability to manage new ideas and creative solutions and demonstrated experience managing projects from start to close.

Primary Job Purpose:

To oversee day-to-day finance function, business partnering with KSA Partners on Financial activities as well as keeping them informed on Financial KPIs

Duties & Responsibilities:

  • Responsible for managing day-to-day Finance operations.
  • Handling/managing all audit requirements both internal & external.
  • Handling/managing all ZATCA\’s requirements (monthly & yearly) for all Zakat & Tax inspections, including but not limited to; VAT, Withholding Tax & ZAKAT\’s return.
  • Ensuring full compliance on all current & new regulations in coordination with all concerned departments as well as external authorities.
  • Managing monthly, quarterly & yearly closing of the books and submitting the respective complete package to company\’s CFO.
  • Monitoring all financial KPI\’s ensuring solid financial discipline is followed in all company activities.
  • Perform product costing activities including inventory management and material variances. Determine controls to safeguard all company assets.
  • Ensuring the efficiency & accuracy of monthly Cost run by checking the alignment between cost sheets, inventory valuation & the General ledger, Handling utility & labor cost management by testing the reasonableness between input & yield to guarantee the efficiency of management accounting reporting. Monitoring KSA-wide client disbursement requests, ensuring compliance as per the approval matrix and ensuring the most appropriate payment channel is observed.
  • Work closely with the Central Cash & Treasury team on cash flow management for operating and client funds.
  • Managing banks\’ relationship including requirements and ensuring all controls are in place to support cash management.
  • Manage company treasury including working capital management & coordinating with banks for the necessary facilities and loans.
  • Verifying and ensuring the accuracy of KSA-wide Payroll by internal policies and KSA Labor Law.
  • Preparation, Verification, and Submission of With Holding Tax (WHT) Report, Value Added Tax (VAT), Audit, and Transfer Pricing document to KSA General Authority of Zakat and Income Tax (GAZIT).

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