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Job Description

· Initiate the process of budget preparation, liaise with business and department heads, review and exercise controls over the budget process and consolidation of the budget process, as directed by the CFO

· Analyze financial performance versus budget and inquire into reasons of variances in cost and revenues, highlight areas of unsatisfactory performance, as well as potential areas for cost reduction or performance improvement opportunities to capitalize upon

· Support the process of proper and effective budgeting, forecasting of all BIDAYA functions and business units and developing long term projections

· Review and direct the activities of Accounting and the Treasury function to ensure that work processes are implemented as designed and comply with established policies and procedures

· Review that financial and regulatory reports are generated in a timely and accurate manner and meet stakeholders requirements and are in line with the , approved policies and standards

· Direct the accounting and treasury functions in the execution and delivery by planning, organizing, overseeing various internal project activities to ensure meeting agreed project parameters (cost budget, timelines, scope and quality)

· Ensure that relationship with banks are properly being nurtured and managed and be the point of contact for external communications on all financial matters

· Direct and supervise adequate maintenance and control over asset records and related depreciation accounts

· Provide interpretive assistance as to proper capitalization / expensing of outlays and grouping of fixed assets to ensure consistency in accounting year over year

· Manage the cash position of the organization to ensure sufficient funds are available in case of contingencies and report on such aspects to the CFO

· Review all financial reports from accounting and treasury ensure proper documentation and adherence to reporting and procedural standards in a timely and accurate manner for clearance by the CFO

· Ensure compliance with all regulatory & legislative reporting requirements as well as compliance with all related regulations including zakat and tax

· Manage and coordinate external audit exercise in an effort to ensure the timely provision of needed information as well as compliance with relevant regulations

· Ensure proper management of Zakat and Tax filing, computations, and appeals and follow up of cases under litigation

· Recommend improvements to departmental policies and direct the implementation of procedures and controls covering all areas of Finance activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective services

· Ensure compliance to all relevant safety, quality and environmental management policies, procedures and controls across the section in order to guarantee employee safety, legislative compliance and a responsible environmental attitude

Job Details

Total Positions:
1 Post
Job Shift:
First Shift (Day)
Job Type:
Job Location:
No Preference
25 - 35 Years
Minimum Education:
Degree Title:
Finance - Accounting
Career Level:
Experienced Professional
Minimum Experience:
5 Years
Work Permit:
Saudi Arabia
Apply Before:
Jul 10, 2019
Posting Date:
Apr 10, 2019
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Bidaya Home Finance

Real Estate/Property · 51-100 employees - Riyadh

BIDAYA Home Finance has been launched as a national real estate finance company for Saudi Arabia in 2015. Headquartered in Riyadh, BIDAYA is licensed under the Saudi Arabian Monetary Agency (SAMA), and offers professional and reliable sharia’a compliant financial solutions to both customers and p ...Read More