Consolidations Manager

OVERVIEW

Position

Manager – Consolidation

Position Code

Reports to

Director, Consolidation & Financial Reporting

Direct Reports

Senior Accountant - Financial Consolidation & Reporting

Department

Finance and Accounting

Division/Sector

Finance

Role Purpose

• Manages the consolidation process and ensures delivery of accurate consolidated financial results
• Coordinate for the financial information of all NEOM group entities to ensure timely availability of such information for the financial consolidation requirements of NEOM
• Supports set up and reporting requirements for newly incorporated subsidiaries

KEY ACCOUNTABILITIES & ACTIVITIES

Key Responsibilities

• Manage the monthly, quarterly and yearend consolidation processes of NEOM, working closely with the appropriate stakeholders (senior leadership, sector heads, legal, treasury, FP&A, shared services).
• Responsible for coordinating and delivering monthly, quarterly and annual reporting schedules/deliverables.
• Establish, manage and communicate financial reporting deadlines of key close dates.
• Coordinate, monitor and manage the group entities listing and ensure that relevant consolidation/investment accounting treatment is established for each investment in accordance with the group accounting policies of NEOM as well as the provisions of IFRSs.
• Oversee the elimination of transactions, profits, investments in subsidiaries, etc.
• Ensure entities complete their submissions accurately and on time
• Dealing with any issues that arise during the month-end process
• Serve as liaison between various corporate functions, subsidiary finance teams to coordinate the timely retrieval of accounting reports and schedules throughout the year.
• Oversee Compliance with Sarbanes Oxley 404.
• Assist with audit requirements.
• Assist with special projects, ad hoc analysis and other requests from management.
• Identify gaps and lead analytical improvement projects, partnering with key leadership stakeholders.
• Supports SAP design and implementation for the entity consolidation functionality. Continuous enhancement of the consolidation system.

BACKGROUND, SKILLS & QUALIFICATIONS

Knowledge, Skills and Experience

• Minimum 3 years of management experience in financial consolidations under IFRS
• Experience of operating controls to achieve and maintain compliance with Sarbanes Oxley
• Experience with a large and complex IFRS consolidation process
• Possesses deep skills in SAP and BPC consolidation tools
• Well-versed with Internal Control and Risk Management best practices
• Advanced Excel, Word, PowerPoint
• Strong communications and collaboration skills
• Detailed and results-oriented
• Problem solving and critical thinking skills
• Excellent communication skills, ability to work well with all levels of leadership and departments within the company.

Qualifications

• Qualified accountant, ACA, ACCA
• Bachelor's Degree in Accounting, certified accountant designation
• 8+ years of relevant experience in finance with progressively increasing levels of responsibility, including in-depth knowledge of consolidations