Financial Control & Reporting Specialist Job At Riyadh.!

About

Zakat, Tax and Customs Authority :

The Zakat, Tax and Customs Authority was founded by leaders who worked to protect borders, enhance national security, achieve a thriving economy, and a sustainable future.

The Authority has outlined its vision for the future based on its national role, to protect the country and to be a global model in the management of zakat, taxes and customs and facilitate trade effectively and transparently with a focus on customers, using main management methods, and latest international technology, which contributed to its achievements that have received a global positive feedback, and local and regional awards.

Job Purpose :

Jobholders at this level carry out specific tasks independently but are subject to close supervision. They research, collect and analyze information, draft reports and documents, participate in specific meetings and develop their own professional expertise.

They undertake simple operational activities including identifying gaps in existing financial processes, conducting simple periodic financial audits, and supporting the development of accounting statements and financial reports.

Roles And Responsibilities :

• Design, implement, monitor, and assess ZATCA financial control and reporting framework, guidelines, governance and methodology to ensure consistent and unified implementation
• Review ZATCA financial processes and policies and monitor implementation by other Finance functions to secure operational efficiency
• Conduct periodic financial audits on accounts, accounting statements, financial reports and budget to identify and analyze discrepancies
• Develop contingency plan to handle unexpected drop in funding
• Provide inputs and recommendations to improve account’s structure and to facilitate the reporting mechanism
• Update chart of accounts based on developed financial policies and decisions
• Prepare monthly, quarterly, and annual accounting statements and weekly and ad-hoc reports as per approved guidelines and templates
• Prepare periodic financial reports including KPIs, budget tracking, revenue collections and other ad-hoc
• Conduct revenues analysis impact meetings with internal and external parties and provide input and recommendations
• Collect and consolidate all payables, receivables, cash flow, investments, etc. in preparation for the development of yearly financial plan
• Develop yearly financial plan covering all payables, receivables, cash flow, investments, etc.
• Conduct financial analysis impact, study revenue collection failure and propose solutions
• Record accurately all collection, deposit and revenue; study failures, and recommend corrective plans if / when needed
• Develop tax, customs and zakat revenue forecast and refunds forecast and communicate with related stakeholders
• Provide stakeholders with timely, detailed and meaningful insights and visibility on business performance to support in planning and decision-making
• Follow all relevant policies, processes and standard operating procedures so that work is carried out in a controlled and consistent manner
• Help in solving escalated problems and provide needed support for junior team to ensure work is carried out in an efficient manner
• Escalate complex problems to the relevant person to ensure cases/issues are closed properly
• Perform other duties as requested

Job Qualicifations :

• A minimum of 1 year of relevant experience
• Bachelor’s degree in Finance or equivalent is required