Senior Accountant

Jobfinders

Responsibilities:

1. Financial Recording & Bookkeeping

- Compile and reconcile all ledger account balances to prepare an accurate, properly classified periodic trial balance.

- 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.

- Excellent communication skills and cooperation with colleagues.