Location: Jeddah, Saudi Arabia
Department: Finance & Accounting
Reports To: Finance Manager / Financial Controller
Employment Type: Full-Time
Job Summary
We are seeking an experienced Senior Accountant to manage and oversee day-to-day accounting activities, ensuring accurate financial records, timely reporting, and compliance with applicable accounting standards and Saudi regulations.
The successful candidate will play a key role in month-end and year-end closing, financial reporting, reconciliations, accounts payable and receivable, cash flow monitoring, and internal financial controls.
Key Responsibilities
Financial Accounting & Reporting
Manage day-to-day accounting transactions and maintain accurate financial records.
Prepare monthly, quarterly, and annual financial reports.
Perform month-end and year-end closing activities.
Prepare and review journal entries, accruals, provisions, prepayments, and adjustments.
Maintain and reconcile the General Ledger and subsidiary ledgers.
Prepare balance sheet schedules and supporting documentation.
Analyze financial data and investigate variances and unusual transactions.
Support the preparation of management reports and financial analysis.
Accounts Payable & Receivable
Oversee accounts payable and accounts receivable transactions.
Review supplier invoices, payments, customer receipts, and related documentation.
Monitor outstanding receivables and payables and follow up on overdue balances.
Perform vendor and customer account reconciliations.
Ensure timely and accurate processing of payments and receipts.
Bank & Account Reconciliations
Prepare monthly bank reconciliations.
Reconcile intercompany, customer, supplier, and other balance sheet accounts.
Investigate and resolve discrepancies promptly.
Maintain proper supporting documentation for all reconciliations.
Tax & Compliance
Support VAT and other applicable tax-related activities in compliance with Saudi regulations.
Ensure accounting records comply with IFRS and company policies.
Coordinate with external auditors and provide required schedules and supporting documents.
Assist with statutory audits and financial statement preparation.
Maintain proper documentation for audit and compliance purposes.
Budgeting & Financial Analysis
Assist in the preparation of annual budgets and financial forecasts.
Monitor actual performance against budgets.
Analyze expenses, revenues, margins, and other financial indicators.
Provide management with financial insights and variance analysis.
Internal Controls
Ensure compliance with established accounting policies and procedures.
Identify control weaknesses and recommend improvements.
Support implementation and monitoring of internal financial controls.
Ensure transactions are properly authorized and documented.
ERP & Systems
Maintain accurate accounting data within the company's ERP/accounting system.
Ensure proper recording and classification of financial transactions.
Prepare financial reports using ERP systems and Microsoft Excel.
Assist with system improvements, automation, and accounting process enhancements.
Requirements
Bachelor's degree in Accounting, Finance, or a related field.
5–8 years of relevant accounting experience.
Strong experience in General Ledger, financial reporting, reconciliations, AP/AR, and month-end closing.
Good knowledge of IFRS and accounting principles.
Knowledge of Saudi VAT and ZATCA requirements.
Strong Microsoft Excel skills.
Experience with ERP/accounting systems such as SAP, Oracle, Microsoft Dynamics, Odoo, or similar.
Experience working with external auditors is preferred.
Strong analytical and problem-solving skills.
Excellent attention to detail and accuracy.
Good communication and organizational skills.
Ability to work independently and meet strict reporting deadlines.
Preferred Qualifications
CPA, ACCA, CMA, CA, or equivalent professional qualification is an advantage.
Experience in a group/multi-company environment is preferred.
Experience with consolidation and intercompany accounting is an advantage.
Saudi Arabia/GCC accounting experience is preferred.
Key Competencies
Financial Accounting
Financial Reporting
General Ledger Management
Month-End & Year-End Closing
Bank & Account Reconciliation
Accounts Payable & Receivable
VAT & Tax Compliance
Budgeting & Forecasting
Financial Analysis
Internal Controls
ERP Systems
Advanced Excel
Attention to Detail
Problem Solving
Time Management
Key Performance Indicators (KPIs)
Accuracy and timeliness of monthly financial closing
Accuracy of financial reports and reconciliations
Timely completion of bank and balance sheet reconciliations
Reduction in outstanding receivables and unresolved accounting items
Compliance with accounting policies and regulatory requirements
Timely submission of VAT/tax-related information
Audit findings and resolution of audit issues
Accuracy and integrity of accounting records
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