Financial Management Support
Riyadh, Saudi Arabia
Full time, permanent
Lockheed Martin’s International Corporate and Enterprise Business Services (EBS) units, consists of Business Development, IT Services, Payroll, ESH, HR and Finance functions that support the business across the whole of the EMEA region. With employees located throughout the UK, Europe and Middle East, LM Corporate and EBS provide EMEA wide support to all the LM International business areas.
About the Role:
Financial Management Support will be responsible for annual statutory audits, preparation, review and lodgement of financial statements in compliance with local gaap/IFRS as well as preparation of tax fillings for various entities.
- Ensuring timely filling of Statutory financial statements and tax returns for the entities assigned
- Staying up to date on local regulatory requirements
- Ensure internal processes and checklists are completed
- Forecast tax payments and ensuring accounting team responsible for cashflow is kept informed in a timely manner
- Timely preparation of tax accounts reconciliations (indirect and direct)
- Continually seek and implement improvements that reduce cycle time, improve productivity, enhance compliance framework
- On an ad hoc basis support business transitions, reorganizations and other customer initiatives
- Supporting tax or other financial reviews/audits carried out by local tax authority.
- Cross functional collaboration with HQ based finance tea,, Corporate Tax, subsidiary management and other functions withing Global Financial Services
- Preparing presentations for the Boards for various LM subsidiaries and branches on financial performance as required
Position Requirements:
- Establish and maintain appropriate working relationships, ensuring effective and professional interaction with Lockheed Martin (LM) management, employees, customers, contractors and suppliers
- Work with business partners to understand customer needs, provide value added support and maintain positive customer relationships.
- Compliance with business processes and accounting policies, in keeping with broader Corporate requirements, to maintain and strengthen internal controls
- Ensure the effective and efficient application of relevant accounting standards and legislative requirements regarding operations
- Serve as a primary interface for internal and external stakeholders including accounting teams, financial audit agencies, and other finance, accounting, and administration agencies.
- Support the completion of regulatory filing including statutory audits and indirect and direct tax filings within the approved timeframes and support board reporting where applicable
- Proactively identify opportunities to reduce costs
- Ensure final financial statements and supporting documentation are maintained in a central location. Responsible for ensuring reconciliation from source ledger (US GAAP) to local gaap is prepared and reviewed
Required skills, qualifications and experience:
- CPA/CA or equivalent having a minimum post qualification experience of 7-10 years of which at least 5 years must be with a Big 4 external audit division in the middle east region.
- Strong IFRS and Local GAAP knowledge
- Advanced accounting and analytical experience and skills including a solid foundation in internal controls and auditing functions
- Ability to manage multiple priorities and time zones
- Working knowledge of various accounting systems utilized by Lockheed Martin (Mainly SAP PeopleSoft, etc.).
- Experience in handling complex tax and financial audits
- Experience working within a large multinational corporate environment
- Monitoring Internal controls, identify weakness and working with management on remediation
- Ensuring accurate, timely CIT/VAT filings
- Intermediate to advanced skills and experience in the use of MS Office and other relevant software packages and applications, with experience using integrated financial systems and tools.
- Fluency in English and Arabic (Oral and written)
Skills & Attributes:
- Outstanding communication skills (verbal, written and presentation) including an ability to prepare and present concise oral and written reports, briefings, updates and other documentation, and represent the organization externally on significant matters
- Ability to break down complex issues into understandable components and interface effectively with management and staff at all levels
- Proven ability to operate and manage virtually within a matrix organization, with the ability to drive and implement change
- Broad strategic thinker, with the ability to bridge from strategy to actionable objectives, actions, and progress metrics through critical thinking, intelligence and curiosity
- Proven ability to demonstrate a high degree of ingenuity, creativity, and resourcefulness
- Advanced business acumen including the ability to investigate, comprehend, and interpret complex business challenges, and think and act both strategically and tactically
- Ability to effectively manage multiple, concurrent activities, while understanding and managing priorities, dependencies, and risk
- Conceptual and analytical skills with strong attention to detail with the ability to make risk management decisions based on business requirements
- Outstanding drive, flexibility, resilience, teamwork, and ability to deal with ambiguity
- Ability to pre-empt problems and create opportunities for improvements.
Lockheed Martin is committed to upholding principles of equal opportunity, fostering a work environment that is aligned with our core values of integrity, respect, and exceptional performance. We recognize the importance of leveraging the unique talents and experiences of all our employees to drive innovation, deliver superior solutions, and maximize value for our customers. Our focus is on identifying the most qualified candidate for each role, regardless of their background. If you are interested in a position, we invite you to share how your skills and perspectives could bolster our team and encourage you to apply, even if you feel your qualifications do not fully meet all the job criteria outlined in our advertisement. Furthermore, Lockheed Martin is dedicated to ensuring our recruitment process is inclusive for all individuals. We are prepared to accommodate reasonable adjustments for applicants as needed. If you require assistance or adjustments to participate in the job application or interview process, please contact recruitment@global.lmco.com or call 02392415270
