Summary

The Accounting Operations Lead will be the focal point within NEOM Operations that will on a day-to- day help drive astute business decisions based on the thorough analysis of financial data. The Accounting Operations lead will direct and coordinate financial/budgeting activities across NEOM Operations in close coordination with the NEOM Finance organization. The role will monitor actual performance against plans, forecasts, and prepares annual and intermediate budgetary plans. In addition to regular reviews of the plans vs the actuals, the role must be able to conduct in-depth analysis of financial trends and variances between the plan vs the actual performance.

Responsibilities

• Serves as the team lead for all budget activities (i.e., Budget & Cost Planning, accruals, forecasts, management accounts, and variance analysis)
• Perform day-to-day management of financial accounts.
• Develop solutions to resolve accounting discrepancies and other financial problems/issues.
• Support in the preparation of the monthly management accounts in coordination with Finance and must be able to present to the NEOM Operations Executive Management leadership as required
• Serve as the primary interface for the annual NEOM Operations budget preparation process
• Consolidate the budget updates from all the departments within NEOM Operations and critically examines them for correctness, accuracy and completeness, and conformance with established procedures
• Critically examine the financial data being reported in SAP
• Assess previous budgetary iterations and taking into consideration the benefits and losses occurred during the previous financial years, due to budget planning.
• Suggest suitable amendments in the budget as required
• Performing qualitative and quantitative analysis to facilitate the consolidation data for budget presentation and for providing an overview of the financial status of all the operations.
• Rendering financial advice to the management officials of different operations, to enable proper financial planning and decision making.
• Analyzing actual results to budgets and forecasts and therefore perform required variance analysis
• Monitoring the budget throughout the year to help measure financial and operational performance
• Preparing detailed reports pertaining to discrepancies and amendments that occurred in the budget, during the entire financial year
• Perform cost benefit analysis, studying financial requests and research for alternative and reasonable funding methods for the organization.
• Preparing business plans and making the necessary update of the plan according to any material changes in the business or the regulations which may affect forecasts.
• Responsible of the development of all applicable budgetary reporting.
• Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project expenses, revenue (as applicable) or to provide advice
• Engage with internal and external stakeholders in regards financial audits
• Monitor and ensure financial controls of NEOM are being adhered to

Qualifications

• A bachelor’s degree in Finance, Accounting, or a related field.
• 8 to 12 years of experience in Finance and Budgeting.
• Great understanding of Financial and accounting principles
• Previous accounting experience in a multinational environment
• Previous SAP experience, preference for those with ERP implementation experience
• Chartered Institute of Management Accountant accreditation a plus
• Understanding of International Financial Reporting Standards (IFRS)
• Highly skilled in dealing with financial and numeric data.
• Highly skilled in use of Excel/PowerPoint.
• Excellent verbal communication skills
• Excellent organizational skills, with high attention to detail and ability to function independently and take initiative.
• Ability to multi-task in a fast-paced environment.
• Excellent time management, prioritization, and efficiency skills.
• Strong data collection and reporting skills.
• Direct and indirect management experience of manpower.