Accounting Lead, KSA

Otis Worldwide Corporation; Jeddah; On-site; SAR 300,000 - 520,000; Full time

Benefits offered by this job

Restaurant d'entreprise

Indemnités de stage/alternance

Job summary

Otis Worldwide Corporation in Jeddah seeks a Senior Manager of Financial Accounting to lead the accounting function for ME entities, ensuring policy compliance and accurate financial statements. The role reports to senior management and collaborates with FP&A, Tax, and business units.

You will oversee monthly, quarterly, and annual closes, manage general ledger integrity, and support internal and external audits.

Qualifications

• 10+ years in managing financial accounting functions.
• Master's degree in Finance/Accounting or equivalent.
• CMA or equivalent certification preferred.

Responsibilities

• Lead monthly, quarterly, and annual close processes.
• Review journal entries, accruals, and provisions for accuracy.
• Ensure IFRS/GAAP compliance across entities.
• Oversee general ledger integrity and reconciliations.
• Support internal and external audits with required docs.

Skills

Financial accounting

People management

IFRS GAAP knowledge

ERP systems

Education

Master's degree in Finance/Accounting

Tools

ERP systems

Job description

Date Posted: 2026-07-30 Country: Saudi Arabia Location: Otis Elevator Company Saudi Arabia Ltd, 11th Floor, Tower B, Zahran Business Center, Prince Sultan Street, Salamah District, Jeddah, Saudi Arabia

Role Overview: The role holder is responsible for managing the accounting function within the Otis ME entities with guidance from the management, for ensuring the effective management and implementation of accounting policies as per approved guidelines. The role holder shall carry out his duties in accordance with the stipulated business policies and procedures.

Key Responsibilities

• Financial Close & Reporting
  • Lead and manage monthly, quarterly, and annual close processes
  • Ensure timely and accurate preparation of financial statements
  • Review journal entries, accruals, provisions, and adjustments
  • Analyze variances (actual vs budget/forecast/prior periods)
• General Ledger Management
  • Oversee general ledger activities and ensure data integrity
  • Review reconciliations (balance sheet accounts, intercompany, etc.)
  • Ensure compliance with accounting standards (IFRS/GAAP)
• Compliance & Controls
  • Ensure adherence to internal controls and corporate policies
  • Support audits (internal and external) with required documentation
  • Maintain strong governance over financial reporting processes
• Team Leadership
  • Lead, mentor, and develop the R2R team
  • Allocate work, monitor performance, and ensure SLA adherence
  • Drive a culture of accountability and continuous improvement
• Process Improvement & Transformation
  • Identify opportunities for automation and efficiency
  • Drive standardization and best practices across R2R processes
  • Participate in ERP/system implementations or enhancements
• Stakeholder Management
  • Collaborate with FP&A, AP, AR, Tax, and business units
  • Act as key point of contact for finance leadership
  • Provide insights and financial analysis to support decision-making
• Intercompany & Consolidation
  • Manage intercompany transactions and reconciliations
  • Support group consolidation activities where applicable

Minimum Qualifications

• Minimum of 10 years of relevant experience in managing financial accounting functions
• At least 5 years in positions of progressively increasing managerial responsibilities
• Master's degree in Finance/Accounting or equivalent
• Relevant certification such as Certified Management Accountant (CMA) or equivalent is preferred

If you would like to learn more about environmental, social and governance (ESG) at Otis.

If you live in a city, chances are we will give you a lift or play a role in keeping you moving every day. Otis is the world leading elevator and escalator manufacturing, installation, and service company. We move 2.4 billion people every day and maintain approximately 2.4 million customer units worldwide, the industry's largest Service portfolio. You may recognize our products in some of the world most famous landmarks including the Eiffel Tower, Empire State Building, Burj Khalifa and the Petronas Twin Towers! We are 72,000 people strong, including engineers, digital technology experts, sales, and functional specialists, as well as factory and field technicians, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. We are proud to be a diverse, global team with a proven legacy of innovation that continues to be the bedrock of a fast-moving, high-performance company. When you join Otis, you become part of an innovative global industry leader with a resilient business model. You’ll belong to a diverse, trusted, and caring community where your contributions, and the skills and capabilities you’ll gain working alongside the best and brightest, keep us connected and on the cutting edge. We provide opportunities, training, and resources, that build leadership and capabilities in Sales, Field, Engineering and Major Projects and our Employee Scholar Program is a notable point of pride, through which Otis sponsors colleagues to pursue degrees or certification programs. Today, our focus more than ever is on people. As a global, people-powered company, we put people - passengers, customers, and colleagues - at the center of everything we do. We are guided by our values that we call our Three Absolutes - prioritizing Safety, Ethics, Quality in all that we do.

Otis is An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age, or any other protected class according to applicable law. To request an accommodation in completing an employment application due to a special need or a disability, please contact us at [e-mail].

We go to great lengths to hire and develop the best people, and offer a supportive environment where employees are motivated and empowered to perform at their full potential. Today, we continue pushing the boundaries of what's possible to thrive in a taller, faster, smarter world.