Accountant

SSC HR Solutions; Saudi Arabia; On-site; SAR 120,000 - 160,000; Full time

Job summary

A financial services provider based in Saudi Arabia is seeking an experienced accounting professional to manage financial transactions, payroll processing, and compliance with local regulations. The ideal candidate will have a relevant Bachelor's degree and 5-8 years of experience in finance or accounting. Proficiency in accounting software and strong analytical skills are essential for this role.

Qualifications

• 5-8 years of relevant experience in accounting or finance.
• Strong knowledge of accounting principles.
• Proficiency in accounting software.

Responsibilities

• Record and maintain accurate financial transactions.
• Prepare monthly and annual financial statements.
• Manage payroll calculations and ensure timely disbursements.
• Ensure adherence to local financial regulations.
• Monitor cash flow for operational needs.

Skills

Accounting principles

Financial reporting standards

Attention to detail

Analytical skills

Effective communication

Education

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

Tools

Sage

QuickBooks

SAP

Oracle

Microsoft Excel

Job description

Key Responsibilities

1. Financial Transactions and Bookkeeping
   • Record and maintain accurate financial transactions in the accounting system.
   • Reconcile bank statements and accounts to ensure accuracy and completeness.
   • Process accounts payable and accounts receivable transactions, including invoice preparation, verification, and payment.
   • Maintain the general ledger and post journal entries as required.
2. Financial Reporting
   • Prepare monthly, quarterly, and annual financial statements, including profit and loss statements, balance sheets, and cash flow statements.
   • Assist in the preparation of budget reports and forecasts.
   • Analyze financial data to identify trends, variances, and discrepancies.
   • Generate reports for internal and external stakeholders as needed.
3. Compliance and Auditing
   • Ensure adherence to local financial regulations, tax laws, and company policies.
   • Prepare and submit tax filings (e.g., VAT, corporate tax) on time.
   • Support internal and external audits by providing necessary documentation and reports.
4. Payroll Processing
   • Manage payroll calculations and ensure timely salary disbursements.
   • Calculate deductions, benefits, and taxes, ensuring compliance with local labor laws.
   • Ensure time sheets are submitted digitally through the application.
   • Follow up with foremen, project managers, and camp bosses to address missing time sheets.
   • Send reminders and ensure all time sheet records are complete and accurate.
   • Perform time sheet reconciliation twice a month to reduce end-of-month workload.
   • Upload reconciled time sheets into the ERP system.
   • Payroll Preparation:
     • Prepare the payroll register, including verification of wages, increments, deductions, annual leave, sick leave, absenteeism, and monthly allowances.
     • Bank account details of employees for salary transfers.
     • Check for duplicate transactions and ensure travel time does not exceed the maximum allowable limit of 3 hours.
     • Verify job numbers for accuracy and completeness.
     • Facilitate bank account opening for new employees through the designated bank.
     • Ensure compliance with WPS (Wage Protection System) requirements for salary transfers and deductions.
     • Address employee complaints regarding prior month payroll payments and make necessary adjustments.
5. Financial Systems and Tools
   • Use accounting software to perform daily operations efficiently.
   • Assist in the implementation or upgrade of financial systems, if required.
6. Collaboration and Support
   • Work closely with other departments to provide financial insights and support operational planning.
   • Assist the Senior Accountant or Finance Manager with special projects and ad-hoc financial analyses.
7. Cash and Asset Management
   • Monitor cash flow to ensure sufficient liquidity for operational needs.
   • Maintain records of company assets and support periodic asset audits.

Qualifications and Skills

Education and Experience

• Education: Bachelor’s degree in accounting, Finance, or a related field.
• Experience: 5-8 years of relevant experience in accounting or finance, preferably in a similar industry or organization.

Technical Skills

• Strong knowledge of accounting principles and financial reporting standards (e.g., IFRS, GAAP).
• Proficiency in accounting software (e.g., Sage, QuickBooks, SAP, Oracle, or similar).
• Advanced knowledge of Microsoft Excel and other MS Office applications.

Soft Skills

• Excellent analytical and problem-solving abilities.
• Strong attention to detail and organizational skills.
• Effective communication and interpersonal skills.
• Ability to meet deadlines and work under pressure.

Language Skills

• Proficiency in English and Arabic is required.