Senior Accountant - Riyadh, KSA - 15000 SAR - 18000 SAR (full package)
- Riyadh
- Permanent
- Full-time
- Record all financial transactions in compliance with accounting standards and company policies.
- Maintain up-to-date ledgers, journals, and supporting financial records to ensure data integrity.
2. Reconciliation
- Perform daily reconciliations of bank statements, accounts payable, and accounts receivable to ensure accuracy and resolve discrepancies promptly.
- Maintain reconciliations for accrual costs, prepayments, VAT, income tax, Zakat, and other provisions.
- Investigate and resolve account variances to ensure accurate financial data.
3. Financial Reporting
- Prepare monthly financial statements, including balance sheets, income statements, and cash flow statements.
- Ensure timely and accurate monthly reporting in line with company and regulatory requirements.
- Support the preparation of specialized reports such as job costing analysis, client profitability analysis, and revenue vs. cost comparisons.
4. Accounts Receivable & Accounts Payable
- Oversee accounts receivable collection and accounts payable payment processes, ensuring timely collection and timely payments processing.
- Track and follow up on receivables and payables weekly.
Prepare a weekly payment list for review and processing every Wednesday.
5. Cost Accounting
- Implement and maintain a cost accounting system to monitor job costs and assess profitability.
- Analyze variances between estimated and actual costs, providing insights for improvement.
6. Team Leadership
- Supervise and mentor the accounting team subordinates, fostering professional development and ensuring productivity.
- Conduct performance evaluations to align team objectives with departmental and company's goals.
7. ERP Systems & Process Improvement
- Optimize the use of the company's ERP system to improve efficiency in financial operations.
- Identify and implement process enhancements to streamline workflows and increase accuracy.
8. Taxation & VAT
- Ensure compliance with financial regulations, including VAT, income tax, Zakat, and withholding tax requirements.
- Prepare and assist tax consultants in the submission of VAT and WHT filings, ensuring accuracy and timeliness.
9. Vendor & Client Relations
- Manage financial interactions with vendors and clients, including invoice issuance, payment processing, and dispute resolution.
- Coordinate with internal teams to address financial matters promptly and effectively.
10. Audit Support
- Prepare and provide documentation and explanations required for external audits.
- Address audit findings and implement corrective actions to strengthen financial controls.Required Skills:
1- Work experience
-Minimum of 7 years of professional experience in a reputable Saudi organization.
-At least 2 years in a senior or supervisory role.
2- Academic qualifications
- BS degree in accounting or equivalent, from a renowned university.
3- Technical/Computer skills
- Ability to generate and analyze accounting work and reports.
- Strong understanding of the International Financial Reporting Standards.
- MS Office (Excel, Word, PowerPoint…) and other accounting software.
4- Interpersonal and other skills
- Excellent verbal and written communication skills in both English and Arabic.
- Ability to work effectively under pressure, meet deadlines, and maintain high attention to detail.
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