Senior Manager – Capital Accounting

Overview

NEOM is an accelerator of human progress and a vision of what a new future might look like. A region in northwest Saudi Arabia on the Red Sea, NEOM is being built from the ground up to include hyperconnected, cognitive cities, ports, next-generation infrastructure and industries, enterprise zones, research centers, sports and entertainment venues and tourist destinations.

As a destination, it will be a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.

As a workplace, it is a place for people who share our core values of care, curiosity, diversity, passion, respect, and becoming a catalyst for change.

Are you ready to help NEOM find solutions to the world’s most pressing challenges? Are you prepared to create a legacy that benefits generations to come? Then we want to hear from you!

Role Overview

The Capital Accounting Senior Manager is responsible for the management and delivery of the capital accounting team, ensuring the team fully understands capital progress in each Region / Sector and that all assets are fully documented, while acting as an escalation route from the Regions and Sectors. The holder will work closely with Projects and the Businesses to ensure projects are properly monitored and accounted for, and ensure Financial Reporting & Control is proactively engaged with all current developments. The role holder will assist in the development of management systems, processes and procedures to ensure appropriate accounting, reporting and control for all NEOM project activities.

Requirements Summary

• Assess and execute on identified key priorities for Group Capital Accounting and Financial Control for continued enhancement of capital accounting capabilities
• Lead your team and ensure it coordinates closely with the Commercial and Technical teams to enable accurate and timely financial management of projects and related contracts, assessing and reporting the costs, key variances, financial status, appropriate categorization and valuation of CWIP and Fixed Assets and ensuring that operational assets are capitalized promptly
• Ability to use professional knowledge and skills in Transactional & Financial Accounting Principles, including CWIP accounting, cost allocation, account reconciliations and controls, to contribute proactively to continuous improvement of the organization’s accounting, reconciliation processes, policy enhancement and standards
• Help to create an organizational environment that facilitates close cross functional collaboration with commercial and technical teams to ensure projects are properly tracked and accounted for, especially in relation to the timely recording and reconciliation of incurred costs
• Work to ensure the Capital accounting team is adequately resourced for planned business activities by NEOM
• Ensure the Regions and Sectors are reporting consistent financial information and that SAP S / 4HANA, PS (Project System) and Oracle PMIS are aligned

Role Competencies & Activities

The Capital Accounting Senior Manager responsibilities will include, but not be limited to :

Stakeholder Management

Change Management

Project Management

Leadership

Culture and Values

Experience & Qualifications

Knowledge, Skills and Experience

Qualifications

NEOM is committed to attracting and retaining the highest caliber of employees to support NEOM’s vision, mission and strategy. NEOM sources the best candidates based on fit for the role and searches local and global markets to identify talent.

NEOM is an equal opportunities employer. All qualified applicants will receive consideration for employment without regard to gender, disability, age, or any other form of discrimination / other characteristic protected by applicable local laws, regulations and ordinances.

As part of our recruitment process, NEOM will undertake reference checks to confirm suitability for the role. All offers of employment are subject to references, evidence of all qualifications and awards, and other background checks being satisfactorily completed. Additionally, all offers are subject to the candidate being able to successfully obtain a work visa to enter and work in the Kingdom of Saudi Arabia.

This job description is not an exhaustive list of duties and responsibilities. The employee may be required to perform additional job-related tasks and duties as assigned. To meet NEOM’s objectives and business needs, the work location is subject to change. Non office-based roles involve outdoor activities. Candidates should be prepared to work outdoors and on construction sites as part of their job responsibilities.

NEOM uses artificial intelligence as part of its recruitment process to assist and enhance efficiency. However, all final hiring decisions are made by human recruiters, ensuring that NEOM’s employment process remains fair and transparent.

The actions of our team should always support the NEOM Values

Learn more about NEOM’s Values

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