Corporate Accounting Manager

About the Role

We are seeking an experienced Corporate Accounting Manager to oversee the group’s corporate accounting functions and statutory reporting obligations. The role involves full ownership of statutory audits, consolidations, and maintaining monthly statutory data across multiple legal entities. This position requires in-depth expertise in IFRS standards such as IFRS 9 (Expected Credit Loss), IFRS 16 (Leases), and IAS 41 (Agriculture) to produce high-quality financial reports including quarterly financial statements and annual reports for publicly listed companies in Saudi Arabia. Compliance with IFRS, Capital Market Authority (CMA), and Tadawul disclosure standards is essential.

Key Responsibilities

• Lead the group’s annual statutory audits by managing timelines, coordinating with external auditors, preparing required documentation, and resolving audit queries to finalize statutory financial statements.
• Manage statutory consolidation per IFRS 10, covering intercompany eliminations, currency translations, non-controlling interest assessments, goodwill, and consolidation adjustments.
• Maintain comprehensive monthly statutory records ensuring reconciliations with management reports and establishing clear audit trails for all reporting differences.
• Prepare and review Expected Credit Loss calculations under IFRS 9, involving provision matrices, customer segmentation, loss rate analysis, and macroeconomic overlays with appropriate documentation for audits.
• Develop and manage IFRS 16 lease calculations, including lease registers, right-of-use assets, lease liabilities, borrowing rate assessments, modifications, and related disclosures.
• Implement and maintain IFRS 8 Operating Segments by defining reportable segments, constructing segment reporting frameworks, and creating necessary disclosures reconciled to consolidated statements.
• Lead the deployment and ongoing application of IAS 41 Agriculture accounting standards, including classification, fair value assessments, valuation models, harvest accounting, and collaboration with agronomy teams on data.
• Compile quarterly statutory financial statements aligned with IAS 34, complete with notes, schedules, and reconciliations within regulatory deadlines.
• Coordinate preparation of annual reports for publicly listed entities, ensuring full compliance with Tadawul and CMA filing and disclosure mandates.
• Serve as the technical accounting lead by assessing impacts of new IFRS updates, preparing position papers, and maintaining accounting policy manuals.
• Oversee month-end, quarter-end, and year-end statutory close processes to guarantee accuracy and timely completion of deliverables.
• Ensure balance sheet validity by reviewing reconciliations, accruals, provisions, impairments, fixed assets, and related-party transactions.
• Collaborate with Tax, Treasury, and Internal Audit departments on statutory filings, tax filings (Zakat, corporate tax, VAT), and internal control processes over financial reporting.
• Identify and lead automation initiatives within the finance function to improve statutory close processes, consolidations, reconciliations, and reporting accuracy and efficiency.
• Support Internal Controls over Financial Reporting (ICOFR) by documenting and testing key controls, addressing deficiencies, and ensuring finance process adherence.
• Lead, mentor, and develop the corporate accounting team by setting performance targets, reviewing outputs, and enhancing IFRS competencies.
• Coordinate with external auditors, consultants, and internal stakeholders, managing requirements, timelines, and deliverables effectively.
• Perform additional tasks as assigned by senior management.

Core Values

• Quality
• Innovation
• Authenticity
• Integrity

Experience and Qualifications

• 8 to 10 years of overall accounting and financial reporting experience, including a minimum of 3 years in a managerial capacity overseeing corporate accounting or statutory reporting.
• Background in Big 4 or professional audit firms is highly preferred, with strong hands-on exposure to statutory audits and group consolidations.
• Proven expertise in statutory consolidation, IFRS 9 Expected Credit Loss workings, and IFRS 16 lease calculations.
• Practical experience implementing IFRS 8 Operating Segments and IAS 41 Agriculture standards is essential.
• Track record of preparing statutory financial statements and annual reports.
• Strong knowledge of IFRS standards and their application.
• Desirable familiarity with Zakat and Corporate Tax compliance in KSA and UAE contexts, including related calculations and filings.
• Experience working in FMCG, retail, or multi-entity, multi-currency group settings is advantageous.
• Advanced proficiency in ERP systems such as SAP, Oracle, Microsoft Dynamics, or similar, alongside expert-level Excel; experience with consolidation tools is beneficial.
• Fluent in English, both spoken and written; Arabic language skills are an added advantage.
• Strong ability to work under tight statutory deadlines, prioritize tasks and manage stress effectively.
• Excellent analytical, problem-solving, stakeholder management, and team leadership capabilities.

Educational Credentials and Certifications

• Chartered Accountant qualification (CA, ACCA, ICAEW or equivalent professional bodies).
• Bachelor’s degree in Accounting, Finance, or Commerce.
• SOCPA membership/registration is an advantage for KSA statutory reporting roles.
• Additional certifications or formal training in Zakat or Corporate Tax are beneficial.

Additional Information

Due to the volume of applications, only shortlisted candidates will be contacted for interviews.