Finance Officer

We are a multinational organisation with a global team of 50,000 colleagues. In the Middle East we operate in the Transport, Defence & Advisory sectors, delivering services in Asset Management, Customer Experience, Fire & Rescue and Air Navigation Services. We are innovators, committed to redesigning and improving public services to fulfil our purpose to impact a better future by “Bringing National Visions to Life”.

Your Opportunity

We are looking for a Finance Officer who will provide strong financial support to the contract, assisting in the robust financial planning, reporting and monitoring and cash management. An individual who can manage, coordinate, analyse and assess the financial activities of the projects and provide financial advice to contract directors to facilitate sound business decisions. Someone who can work with the Finance Manager to provide the Finance Business Partner (FBP) with analysis and reporting to accurately capture the performance of the business and forecast the future financial performance.

The ideal candidate should have excellent communication skills, both written and verbal, and good presentation skills. Has the ability to liaise in a professional manner with staff at all levels in the organisation and with external parties. A self-starter with a pro-active approach to problem solving. Someone who has good time management and organisational skills with the ability to manage multiple task. Has ability to work efficiently and productively in a fast-paced, team-oriented environment. Ability to handle confidential information appropriately. Ability to develop self and team members and provide coaching to others to ensure they achieve results. A person who has strong analytical and numerical skills.

This role is part of our Finance Team and will work across our offices in Riyadh and NEOM.

Key Accountabilities

Accounts Receivable

• Manage the billing and collection of rent, service charge, car park rents demands and
• other adhoc transactions for invoicing (deposit, valet parking, lease termination fees, fit
• out review fees, etc.) in Yardi.
• Provide Invoice calculation to tenants on an adhoc basis.
• Prepare and calculate monthly invoices to Landlord for the share in Property Service
• Charge, with detailed supporting such as draft monthly service charge reconciliation,
• payment certificate & cumulative payment summary.
• Update Accounts Receivable Aging Report on a weekly basis.
• Generates reminder letter to Tenants as per the escalation process.

Planning and Reporting

• Assist in producing the Business Plan and Forecasts (P&L, Balance Sheet and Cash) for the relevant contracts.
• Support contract manager(s) in controlling spend against their business plan/forecast and ensure they align with the business unit and Serco Middle East defined targets.
• Timely reporting of all financial deliverables in accordance with the divisional and group finance calendar.
• Maintain a robust cash management process. Including reporting of daily cash balances, monthly cash flow forecasts using both direct and indirect methodologies of forecasting.
• Assist in collating KSA-specific financial returns.
• Liaising with local geography advisors (Taxation, Social Insurance etc) to ensure compliance.

General

• Build and maintain strong relationships with key internal stakeholders. In particular, establishing excellent working relationships with the contract managers, the Transport Finance Team, SME central finance, and the SSC.
• Monitor the controls of the relevant project(s) by ensuring that policies and procedures are adhered to e.g. PO procedures, delegated authority limits, bank mandates and expense guidelines.
• Liaise with the Shared Service Centre and bank customer relationship managers on a daily basis ensuring smooth flow of accounting activities.
• Routine month end activities including analysing payroll budget holder reports, production of Customer invoices, processing of journals prior to closure of books of accounts.
• Balance sheet management for relevant profit centre(s) with monthly reconciliations provided and clean balance sheet maintained.
• Ad-hoc reports and analysis to the business.
• Support the project teams with rebids or variations for opportunities.
• Ensure financial records are maintained in compliance with accepted policies and procedures.
• Comply with all Serco SMS Policies and Standard Operating Procedures and all local regional or contract related policies and procedures.
• Perform and carry out other duties as instructed / directed by the FBP.

Specific Requirements

• A minimum of 3 years’ experience, in the management of financial systems and budgets, financial reporting, financial data analysis, auditing, and providing financial advice;
• Experience in providing support to senior management;
• Middle East / Saudi Arabia experience is desirable.
• Ability to analyse financial data and prepare financial reports, statements and projections
• Knowledge of SAP financial and accounting software applications, desirable.
• Knowledge and experience of related computer applications including advanced Excel skills

What’s in it for you?

At Serco, our core values drive everything we do, and we believe in fairly compensating our colleagues for the value they bring to our organization. We are proud to offer a total reward package at Serco which includes:

• Competitive monthly pay and allowances that are commensurate with the role and industry standards

• Comprehensive medical insurance coverage and life insurance, so our employees can feel secure in their health and financial wellbeing
• We recognize the importance of work-life balance, which is why we offer competitive leave benefits that exceed industry standards
• We offer an annual airfare allowance to support our expat colleagues to stay in touch and visit their loved ones
• We pride ourselves on providing a supportive work environment where we foster a positive Safety-First culture
• We care deeply about our colleagues’ wellbeing and offer access to wellbeing programs and platforms to support their physical, mental, and emotional health.

• As a global organization, we offer a vast array of career paths for our employees to choose from. The scale and breadth of our organization provides our colleagues with opportunities for growth and variety in their career path, both regionally and globally.

Tagged as: Healthcare