Accountant-ERP

Foodics; Riyadh; On-site; SAR 201,000 - 312,000; Full time

Benefits offered by this job

Bonuses

Share options

Learning stipend

Annual training

Job summary

Foodics is a leading restaurant management ecosystem and payment tech provider headquartered in Riyadh. We seek an experienced Accountant to manage daily accounting operations, revenue recognition, and regulatory compliance within SaaS and restaurant sectors in Saudi Arabia.

The role involves close collaboration with the Product team to test and enhance our ERP/Accounting product, ensuring accurate financial reporting, month-end close, and adherence to VAT and local tax rules.

Qualifications

• 4+ years of accounting experience, preferably in SaaS or subscription-based business.
• Strong understanding of IFRS/GAAP accounting principles and financial reporting standards.
• Experience with accounting systems and ERP platforms, ideally SAP S/4HANA.

Responsibilities

• Manage daily accounting operations including AP, AR, and bank reconciliations.
• Prepare and review financial statements in compliance with IFRS/GAAP.
• Support month-end and year-end closing activities and regulatory tax compliance.
• Collaborate with Product to test and validate ERP/Accounting features.

Skills

Analytical skills

English proficiency

Communication skills

Financial reporting

IFRS/GAAP knowledge

SaaS/subscription accounting

Attention to detail

Education

Bachelor's degree in Accounting/Finance

Tools

SAP S/4HANA

Salesforce

Job description

Who Are We

We Are Foodics! a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarter in Riyadh and offices across 5 countries, including UAE, Egypt, Jordan and Kuwait. We are currently serving customers and partners in over 35 different countries worldwide. Our innovative products have successfully processed over 6 billion (yes, billion with a B) orders so far! making Foodics one of the most rapidly evolving SaaS companies to ever emerge from the MENA region. Also Foodics has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, boosting its innovation capabilities to better serve business owners.

The Job in a Nutshell

We are looking for a skilled Accountant with a strong background in financial reporting, revenue recognition, and regulatory compliance, ideally within the SaaS and restaurant industries. The ideal candidate will have 4+ years of accounting experience, with a solid understanding of SaaS financial operations and hands-on experience managing accounting for restaurant businesses in Saudi Arabia. This role will also work closely with the Product team to test, validate, and enhance our ERP/Accounting product, ensuring it meets real-world accounting and operational requirements.

What Will You Do

• Manage daily accounting operations, including Accounts Payable (AP), Accounts Receivable (AR), and bank reconciliations.
• Maintain and reconcile general ledger accounts, ensuring accuracy and completeness.
• Prepare and review financial statements in compliance with IFRS/GAAP standards.
• Support month-end and year-end closing activities, ensuring timely and accurate reporting.
• Ensure compliance with local tax regulations, including VAT, income tax, and other applicable financial requirements.
• Work closely with the Product team to test, validate, and provide accounting expertise on ERP/Accounting product features and functionalities.
• Revenue & Subscription Accounting
• Oversee subscription billing cycles, deferred revenue, and recurring revenue reporting.
• Monitor customer contracts, invoicing, and revenue recognition in line with SaaS accounting standards.
• Reconcile deferred revenue schedules and ensure accurate ARR (Annual Recurring Revenue) and MRR (Monthly Recurring Revenue) calculations.
• Support the accounting treatment of different revenue streams and subscription models.
• Financial Analysis & Process Improvement
• Support budgeting, forecasting, and financial planning across revenue streams.
• Analyze financial data and identify discrepancies, trends, and opportunities for improvement.
• Identify and implement process improvements to enhance accounting efficiency and accuracy.
• Contribute to the automation and optimization of financial processes.
• Audit & Internal Controls
• Support internal and external audits by preparing financial documentation and providing relevant insights.
• Maintain effective internal controls to safeguard company assets and ensure financial integrity.
• Establish and implement best practices in accounting operations, financial reporting, and compliance.
• Support intercompany reconciliations and ensure proper documentation of related-party transactions.

What Are We Looking For

• Bachelor's degree in Accounting, Finance, or a related field. CPA, CMA, or ACCA certification is a plus.
• 4+ years of accounting experience, preferably including 1-2 years in a SaaS or subscription-based business.
• Hands-on experience managing accounting operations for restaurants or F&B businesses in Saudi Arabia.
• Strong understanding of IFRS/GAAP accounting principles and financial reporting standards.
• Experience with accounting and ERP systems, preferably SAP S/4HANA.
• Familiarity with subscription billing systems and CRM platforms, preferably Salesforce.
• Advanced Excel skills and experience with financial analysis and modeling.
• Working knowledge of Saudi tax regulations, including VAT and ZATCA requirements.
• Understanding of transfer pricing principles and intercompany transactions.
• Excellent analytical, problem-solving, and communication skills.
• Strong attention to detail and ability to work in a fast-paced environment.
• Proficiency in written and spoken English.

Who Will Excel

• Experience working with SaaS financial KPIs, including CAC, LTV, Churn Rate, ARR, MRR, and Expansion Revenue.
• Familiarity with restaurant accounting practices, F&B operations, and related financial workflows.
• Knowledge of accounting automation tools and process optimization.
• Experience working in a multinational or regional business environment.

What We Offer You

• We believe you will love working at Foodics!
• We have an inclusive and diverse culture that encourages innovation and flexibility in-offices.
• We offer highly competitive compensation packages, including bonuses and the potential for shares.
• We prioritize personal development and offer regular training and an annual learning stipend to tackle new challenges and grow your career in a hyper-growth environment.
• Join a talented team of over 30 nationalities working in 14 countries, and gain valuable experience in an exciting industry.
• We offer autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company.