Accounting Manager

About This Role

About Us:

DirectFN is a leading Capital Market Industry (CMI) Financial Technology software and Content provider, company (now owned by Saudi Tadawul Group / WAMID) specializes in providing brokerage, asset, and custody management solutions, along with market information screens - as productized services. Our innovative products, services, and solutions empower both financial institutions and individuals to optimize their operations and enhance client satisfaction

I. JOB SUMMARY

The Accounting Manager at DirectFN ensures the integrity and accuracy of financial transactions and oversees daily accounting operations. This role is pivotal in maintaining the general ledger, enforcing internal controls, and supplying accurate financial data for reporting and planning. The Accounting Manager collaborates closely with Financial Reporting and FP&A teams to guarantee timely month-end closes, compliance with regulatory standards, and support during audits.

II. Key Responsibilities:

1. Transactional Operations & GL Management

• Oversee Accounts Payable, Accounts Receivable, payroll, fixed assets, and other transactional accounting activities.
• Maintain the general ledger, ensuring accurate reconciliation of all sub-ledgers.
• Prepare journal entries, accruals, and necessary adjustments for month-end and year-end closes.
• Implement and review accounting processes for efficiency and compliance, identifying opportunities for automation.
• Ensure timely payment processing and resolve any discrepancies in invoicing or billing.

1. Month-End Close & Reporting Support

• Lead the month-end close processes, ensuring timely completion of financial tasks.
• Provide reconciled trial balances and necessary schedules to the Financial Reporting Manager.
• Highlight and investigate unusual transactions and discrepancies.
• Prepare month-end financial statements and variances reports to communicate financial status to senior management.
• Collaborate with the Financial Reporting team to streamline the month-end closing process, enhancing accuracy and timeliness.

1. Internal Controls & Compliance

• Enforce accounting policies, internal controls, and compliance with regulatory requirements.
• Oversee the preparation and filing of taxes, government remittances, and statutory reports.
• Act as the primary liaison during external audits, ensuring the coordination of required documentation.
• Conduct regular audits of internal processes and recommend necessary changes to improve compliance and efficiency.
• Ensure that all financial records are maintained in accordance with accounting standards and regulatory requirements.

1. Collaboration & Support

• Collaborate with the Financial Reporting Manager to ensure the accuracy of financial statements.
• Supply historical transaction data and thorough explanations to FP&A for forecasting and variance analysis.
• Mentor and guide accounting staff, promoting adherence to policies and operational excellence.
• Facilitate training sessions for accounting staff to enhance skills and knowledge regarding new regulations and accounting practices.
• Support management in financial analysis and decision-making through data-driven insights and reports.

III. Qualifications :

• Education: Bachelor’s degree in Accounting, Finance, or a related field; a Master’s degree is preferred.
• Certifications: CPA or equivalent is highly preferred.
• Experience: 5+ years in accounting, including at least 2 years in a supervisory or managerial role, preferably in organizations focused on specialized reporting and planning functions.
• Technical Skills: Expert-level proficiency with ERP systems (e.g., SAP, Oracle, NetSuite) and advanced Excel skills, including pivot tables and VLOOKUPs.

IV. Prefer to have

o  Familiarity with financial regulatory standards and audit processes.

o  Experience with process improvements within accounting operations.

o  Ability to utilize technology to enhance accounting workflows and efficiency.

V. Core Skills:

• Analytical Skills: Strong analytical and problem-solving skills with a high level of attention to detail.
• Organizational Skills : Excellent organizational and time-management abilities to manage multiple priorities effectively.
• Communication Skills: Clear and persuasive communication abilities to explain complex accounting concepts to non-financial stakeholders.
• Leadership Skills: Proven ability to manage and mentor accounting professionals, fostering a culture of collaboration and excellence.

VI. Key Result Areas (KRAs):

• Financial Accuracy: Ensure all financial transactions are accurately recorded, contributing to an accurate general ledger.
• Timely Reporting: Achieve timely completion of month-end closes, maintaining strict deadlines for reporting and compliance.
• Regulatory Compliance: Maintain 100% compliance with regulatory requirements and internal audit standards.
• Team Development: Improve the skills and performance of the accounting team through effective mentoring and guidance.