Accountant

360Solutions; Al Ahsa Governorate; On-site; SAR 50,000 - 70,000; Full time

Job summary

A leading company in Al Ahsa is seeking a qualified Accountant to join their finance team. The ideal candidate will have a Bachelor’s degree in Accounting and at least 5 years of experience in financial reporting and analysis. Responsibilities include overseeing daily accounting operations, ensuring compliance with tax laws, and conducting financial analysis to support decision-making processes.

Qualifications

• 5 years of experience in accounting with expertise in financial reporting and analysis.
• Preferred professional certifications: ZATCA VAT Certification, CMA; Plus: CFA, SOCPA License.

Responsibilities

• Prepare monthly/quarterly financial statements compliant with SOCPA standards.
• Ensure timely month-end and year-end closing processes.
• File monthly VAT returns and submit Zakat declarations.

Skills

Analytical mindset

Accuracy

Strong communication

Advanced Excel

Education

Bachelor’s degree in Accounting, Finance, or a related field

Tools

QuickBooks

SAP

Job description

We are hiring an experienced Accountant to join our finance team in Al-Ahsa. The role includes financial reporting, tax compliance, and overseeing daily accounting operations across multiple branches.

Key Responsibilities:

1. Prepare monthly/quarterly financial statements (Income Statement, Balance Sheet, Cash Flow) compliant with SOCPA standards (IFRS permitted if applicable).
2. Ensure timely and accurate month-end and year-end closing processes.
3. Maintain Arabic/English general ledger aligning with Saudi regulatory requirements.
4. Lead external audits and respond to ZATCA (Zakat, Tax, and Customs Authority) inquiries.
5. Stay updated on accounting regulations, tax laws, and reporting requirements to ensure full compliance.
6. File monthly VAT returns (15%) via ZATCA’s ERAD system, ensuring FATOORA e-invoicing compliance for all POS transactions.
7. Calculate and submit Zakat (2.5%) declarations for Saudi-owned entities.
8. Withhold WHT (5–20%) on cross-border payments and report to GAZT.

Financial Analysis & Business Insights

1. Conduct variance analysis (actual vs. budget/forecast) and present findings to senior management.
2. Develop financial models and dashboards to track KPIs, profitability, and cost trends.
3. Identify cost-saving opportunities, revenue leaks, and operational inefficiencies through data analysis.
4. Support strategic decision-making by providing data-driven recommendations.
5. Assist in budgeting, forecasting, and long-term financial planning.

Accounts Payable & Receivable

1. Oversee full-cycle AP/AR processing, ensuring timely invoice approvals, payments, and collections.
2. Reconcile vendor statements and resolve discrepancies.
3. Monitor cash flow and optimize working capital management.

Tax & Regulatory Filings

1. Prepare and file VAT, corporate tax, payroll tax, and other statutory returns.
2. Coordinate with tax advisors to ensure compliance and minimize liabilities.
3. Maintain records for tax audits and respond to tax authority inquiries.

Daily POS & Cash Management

1. Close out daily POS systems (e.g., Square, Toast, Micros) for all branches, verifying sales, voids, discounts, and tender types (cash/card).
2. Investigate and resolve discrepancies (e.g., cash shortages, overages, missing tickets) with branch managers.
3. Reconcile cash deposits with bank statements and POS reports.
4. Monitor tip allocations and ensure compliance with labor laws.

Multi-Brand/Branch Financial Oversight

1. Maintain separate financial records for each brand/branch while consolidating reports for HQ.
2. Track intercompany transactions (e.g., inventory transfers, shared expenses).
3. Analyze sales trends, food costs, and labor costs by location/brand.

Inventory & Cost Control

1. Reconcile inventory counts with POS data to identify shrinkage/theft.
2. Calculate actual vs. theoretical (AvT) food/beverage costs and flag variances.
3. Collaborate with procurement to audit vendor invoices and pricing.

Process Improvement & Systems

1. Streamline accounting processes through automation and best practices.
2. Assist in initiating and utilizing accounting software (e.g., QuickBooks, Xero, SAP, Oracle) to improve efficiency.
3. Implement internal controls to safeguard company assets and prevent fraud.
4. Develop standardized SOPs for cash handling and POS reconciliation across branches.
5. Train managers on financial best practices (e.g., reducing waste, accurate reporting).
6. Implement automation tools to streamline reconciliations.

Qualifications:

• Education: Bachelor’s degree in Accounting, Finance, or a related field.
• Experience: 5 years in accounting, with expertise in financial reporting and analysis.
• Technical Skills: Advanced Excel, ERP/accounting systems (e.g., QuickBooks, SAP), knowledge of SOCPA.
• Soft Skills: Analytical mindset, accuracy, and strong communication.
• Professional Certificates: Preferred: ZATCA VAT Certification, CMA; Plus: CFA, SOCPA License

Working Days & Hours: Full-time – 6 days/week 8 hours/day