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International SPV Specialist

Riyadh, Saudi Arabia Posted 2022/04/05 09:48:27 Expires 2022-06-04 Ref: JB1100023278

Job Description

Job Summary:

PIF is seeking to attract a high caliber candidate to join the Fund to support in managing the financial accounting and reporting for SPV including, but not limited to, the billing process, payment processing, and other technical support as required.

  • Conduct analysis and evaluation on continuous basis, on the recording of all financial transactions, journal entries and posting to ledgers for accuracy, and compliance with established accounting policies.
  • Conduct monthly closing of SPV management accounts.
  • Follow the billing process for all outstanding Intercompany Receivable balances periodically.
  • Fulfill external audit requirements, and Year / Quarter-end confirmation requests from various investees, etc.
  • Maintain General Ledger System Setup and administration of IT systems security rules and cross validation rules.
    • Perform the processing of payments, and preparation of weekly cash reports.
    • Support Treasury Department in the process of managing the bank accounts (opening and closing) of the SPV companies.
  • Support Tax department on conducting withholding tax analysis
  • Ensure to finalize the audit of Local and Foreign SPVs financials as per PIF deadline
  • Support budget section on applying budget Control over capital calls
  • Maintain reporting sheets (investments tracker) with details about movements of investments.
  • Support Investment Operations in regard to the SPV compliance with local and Foreign Law (including CR, CoC , tax filing)
  • Manage the provision of technical support on accounting transactions and matters.

Disclaimer: In order to achieve quality candidate experience we work hard to ensure the best match between talent and opportunities. As a result, if you have applied and not heard from our Talent Acquisition team within 12 working days, your application did not meet the role's requirements

Competencies

Works as ‘One’:
To cooperate and work collaboratively as ‘one team’ to achieve efficient and quality solutions; displaying ability to communicate clearly, internally as well as externally, and proactively shares knowledge and information to achieve common objectives and drive synergy across the organization.
Aspires for Excellence:
To show constant and regular concern for achieving or surpassing outcomes against internal or external standards of excellence and deals with problems creatively, while placing importance on continuous learning and maintaining professionalism and integrity in business relationships.
Takes Ownership:
To display initiative, drive and commitment to meeting and exceeding individual as well as collective performance goals while ensuring adherence with business ethics and company values. Is proactive in taking responsibility in efficiency of work, resilient to pressure and displays accountability for results.
Adapts to Change:
To respond and adapt to change with positive attitude; showing resilience in dealing with challenges and ambiguity. To embrace changes arising from digitization.

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Job Details

Job Location Riyadh, Saudi Arabia

Preferred Candidate

Career Level Entry Level
Years of Experience Min: 2 Max: 4

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