Senior Accountant

• Financial Reporting & Period Close:
• Prepare and review monthly, quarterly, and annual financial statements in compliance with IFRS and SOCPA standards.
• Perform detailed analysis of financial results and explain variances to management.
• Lead month-end and year-end closing processes to ensure timely and accurate reporting.
• General Ledger & Reconciliation:
• Maintain and reconcile all general ledger accounts, including bank reconciliations, intercompany accounts, and sub-ledgers.
• Post and review journal entries, accruals, prepayments, and adjustments.
• Regulatory Compliance & Taxation:
• Ensure full compliance with Saudi tax laws, including Zakat, VAT, and Withholding Tax.
• Prepare and file periodic VAT returns and Zakat declarations with ZATCA.
• Coordinate with external advisors on tax assessments and inspections.
• Budgeting & Forecasting:
• Support the annual budgeting process by gathering data, reviewing cost structures, and assisting in preparation.
• Monitor actual performance against budget and highlight key variances with insights and recommendations.
• Internal Controls & Audit Support:
• Develop and implement financial controls to safeguard company assets and ensure compliance with internal policies.
• Act as the main point of contact for external and internal auditors; provide required documentation and explanations.
• Address audit findings and ensure recommendations are implemented.
• Team & Development:
• Oversee junior accounting staff, ensuring their work is accurate and timely.
• Provide training, mentorship, and performance feedback to accounting team members.
• Review work submitted by team members for accuracy and completeness.
• ERP System & Reporting Automation:
• Ensure proper use of ERP system (e.g., SAP, Oracle, Microsoft Dynamics) and lead efforts to enhance automation and reporting.
• Maintain the chart of accounts and ensure proper coding and categorization of transactions.
• Assist in implementation of new modules or updates to the accounting system.
• Accounts Payable / Receivable Oversight:
• Monitor payables and receivables aging reports and coordinate with departments to ensure timely settlements.
• Validate vendor invoices and ensure appropriate approvals and documentation.
• Assist in cash flow forecasting and treasury management when required.
• Policy & Procedure Development:
• Help draft, review, and update accounting and finance policies and procedures.
• Ensure compliance with internal SOPs and support audits of internal processes.

Bayt