Tawuniya is one of the top Insurance companies in the Middle East with over 13 Billions SAR Revenue and 2,000 employees. We provide full suits of insurance products and services.
Role Purpose:
To handle general ledger activities through establishing closing guidelines, evaluating financial transactions and reconciliations, and
maintaining general ledger, and manage fixed assets related activities through developing depreciation guidelines, capitalizing on fixed assets to be integrated in the system, conducting physical counts, and disposing of obsolete assets
Key Responsibilities:
General Ledger Accounting
- Develop and implement detailed instructions for monthly, quarterly, and year-end closings across all departments.
- Review and validate key financial transactions, journal entries, and postings to ensure accuracy, completeness, and alignment with policies.
- Oversee the preparation and consolidation of financial statements, including investment and cash flow statements.
- Reconcile sub-ledgers with the general ledger to ensure accurate reporting and timely issue resolution.
- Assess and address reconciliation issues in balance sheet accounts in coordination with concerned departments.
Fixed Assets Accounting
- Implement and maintain best practices for fixed asset depreciation, integrating them into the organization’s accounting plans.
- Oversee the logging, capitalization, and integration of fixed assets into the accounting system in compliance with international standards.
- Manage physical asset audits across HQ, regional offices, and storage facilities to ensure accurate tracking and reporting.
- Monitor and evaluate asset status to recommend revaluation, disposal, or replacement as necessary.
Policies, Procedures and Processes
- Develop and refine policies and procedures to enhance accuracy and efficiency in financial operations.
- Lead continuous improvement initiatives to ensure compliance with regulatory requirements while optimizing productivity.
- Ensure day-to-day activities align with stipulated policies, escalating and resolving non-compliance cases as necessary.
People Management
- Mentor and manage team members, setting clear objectives and providing feedback to enhance performance and development.
- Identify team development needs and evaluate the effectiveness of learning interventions.
- Manage team schedules, leave plans, and working hours to maintain smooth operations.
- Promote a positive, collaborative, and high-performing work environment.
Stakeholder Collaboration
- Act as a liaison between the General Ledger & Fixed Assets Department and internal departments to ensure alignment and effective communication.
- Collaborate with external regulators to meet compliance standards and address audit requirements.
Qualification:
- A Bachelor’s degree in Finance, Accounting, or a related field is required.
- A Master’s degree in Finance, Accounting, or an equivalent qualification is preferred.