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Job Description
Develop the methodology for assigning and maintaining the company’s chart of accounts and the associated cost centres.
Design and implement effective control system to ensure that the GL accounts are frequently and timely monitored from which the changes are approved by the correct authorise(s) prior to execution.
Organize the journal systems to ensure that the journal entries are properly prepared, supported by adequate documentation, dually reviewed, correctly approved, and accurately recorded/posted.
Complete monthly review of GL accounts, cost centre allocations and the financial deck of reporting to support the accuracy and timely delivering of the different financial reports.
Lead the development and system changes of the GL projects.
Drive the GL processes, policies, procedures and controls.2 Reconcilation and Substative Assurnces
Establish an approved Reconciliations Matrix “RM” which covers the ownership, timelines, documentation and reporting of the GL and sub-GL reconciliations
Monitor the completion and appropriateness of the reconciliations as assigned in the RC.
Ensure that adequate segregation of duties is fully leveraged in the reconciliation processes.
Report material reconciling items, outstanding accounts and/or any discrepancies with proper corrective actions for review and approval3 Month-end reporting
Prepare the monthly cost trend analysis including the root-cause analysis and the comparison between flash figures versus the AOP and report the outcome the Finance Senior Management for review and decision making.
Ensure the monthly review, GL posting and reporting of the governance payments (i.e. SAMA, CCHI, the remuneration of the Board and Board Committees members, Related Parties.
Ensure monthly reconciliation and reporting of accruals and payments.
Lead the follow up and co-ordination process to ensure the appropriateness and the completion of the month-end tasks and reconciliations.
Finalize the final month-end / year-end closing adjustment entries following the review and approval of the Finance Senior Management.4 Internal Controls
Develop, implement and monitor internal financial controls
Review and authorize non-supplier payments and ensure that proper process / procedure has been addressed in order to safeguard the company's assets
Ensure reviews of GL Account and cost centre allocation, to maintain proper cost centre reporting
Perform the lead R&C role on systems and projects related to the GL Financial accounting systems, processes, policies, procedures and controls5 People Management & Development
• Carry out goal setting, manage and constantly review individual performance.
• Provide regular feedback, coaching and development.
Motivate, empower and enable direct reports by providing the necessary tools and support required to achieve the organizational development objectives
Skills
• Publicly listed company
• Publicly listed company
• Big 4 External Audit
• Saudi Insurance experience is a plus
• IFRS / SOCPA knowledge
• Knowledge of SAMA reports, rules and guidelines
• Competent in both Arabic and English languages written and spoken
Education
Bachelor's Degree in Accounting
Job Details
Preferred Candidate
Bupa Arabia
Bupa Arabia is a healthcare insurance company based in the Kingdom of Saudi Arabia. We are an associate business of Bupa Group, which is a global healthcare company with an international reach that extends across multiple business operations, practices, and resources.
Founded in October 1997, Bupa Arabia was initially established through a partnership between Bupa Global International and Nazer Group, with the key focus to provide health insurance services with high quality and competitive prices, while ensuring a distinctive experience for customers. Bupa Arabia has since evolved into a fully Saudi-owned and operated company. Our transformation from a joint venture into a publicly traded company on the Saudi Stock Exchange occurred in 2008, as we made 40% of our shares available to the public during our Initial Public Offering (IPO).
As a subsidiary of the global Bupa Group, we draw upon international expertise while maintaining a profound understanding of local healthcare requirements and regulations. This allows us to offer comprehensive healthcare insurance solutions tailored to the unique needs of the Saudi Arabian market.
Bupa Arabia prides itself on its commitment to the wellbeing and development of its employees, providing them with the same standard of care, support, and professionalism that it expects to be delivered to its customers.
Our core values shape every aspect of our work and culture:
Commit – Own it with accountability and urgency.
Collaborate – Win together through cross-functional synergy.
Care – Put people first, both employees and customers.