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Accountant

OPTCO

Saudi Arabia

On-site

SAR 60,000 - 85,000

Full time

4 days ago
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Job summary

OPTCO, a leading construction and civil engineering company, seeks an Accountant in Dammam, Saudi Arabia. This role encompasses managing day-to-day finance operations and responsibilities like maintaining accounts, preparing reports, and ensuring compliance with local tax regulations. Candidates must have relevant experience and proficiency in Arabic and English.

Qualifications

  • 3 to 5 years of relevant experience, especially in the supplier trade industry.
  • Experience with a full set of accounts.

Responsibilities

  • Prepare and maintain AP aging reports; process payments according to due dates.
  • Coordinate with vendors to resolve invoice discrepancies.
  • Generate monthly AR aging reports and follow up on outstanding balances.

Skills

Proficient in MS Office
Arabic speaking
English speaking

Job description

Locally available candidates only apply for this job.

This incumbent will be responsible for setting up finance operations for the company in Dammam, Saudi Arabia, and managing day-to-day finance operations and the full set of accounts in Saudi Arabia. The role includes closely following up with operations on outstanding items, preparing monthly management reports explaining variances from the budget, and working with sales at year's end to follow up on purchase orders from customers.

Key responsibilities include ensuring timely delivery of materials for invoicing, following up on outstanding payments in coordination with sales, and maintaining accurate accounts receivable and payable records.

Specific tasks:

  1. Prepare and maintain AP aging reports; process payments according to due dates.
  2. Assist with VAT return data preparation in compliance with ZATCA requirements.
  3. Coordinate with vendors to resolve invoice discrepancies and payment issues.
  4. Maintain accurate customer billing and receivables records.
  5. Coordinate with sales teams for timely and accurate project invoicing.
  6. Perform regular customer account reconciliations.
  7. Generate monthly AR aging reports and follow up on outstanding balances.
  8. Record and track customer collections to ensure timely receipts.
  9. Process AP invoices and payments.
  10. Monitor cash balances and ensure sufficient funds for operations.
  11. Handle AR invoicing and collections.
  12. Manage day-to-day finance operations and a full set of accounts.
  13. Prepare account schedules and VAT reports for submission.
  14. Liaise with internal and external parties, including group finance, bankers, and auditors.
  15. Prepare costing reports and work with operations to ensure project profitability.
  16. Complete monthly analysis and reporting for management.
  17. Participate in the annual budget process and monthly forecasting.
  18. Perform ad hoc assignments as needed.

Qualifications:

  • 3 to 5 years of relevant experience, especially in the supplier trade industry.
  • Experience with a full set of accounts.
  • Proficient in MS Office, particularly Excel, Word, and PowerPoint.
  • Arabic and English speaking skills preferred.

Company Industry:

  • Construction
  • Civil Engineering

Department / Functional Area:

  • Accounts
  • Taxation
  • Audit
  • Company Secretary

Keywords: Accountant

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