Accounting Manager

UCC Holding; Riyadh; On-site; SAR 300,000 - 520,000; Full time

Job summary

UCC Holding in Saudi Arabia seeks an experienced Accounting Manager to lead financial accounting and reporting for its construction projects. You will oversee project accounting, revenues, and cost controls, while ensuring IFRS compliance and robust governance across operations.

The role requires 15+ years in accounting/finance within construction or EPC sectors, with advanced SAP experience and professional qualifications preferred.

Qualifications

• 15+ years of progressive accounting/finance experience.
• Experience with Tier-1 contractor/EPC or major construction orgs.
• Bachelor's degree in Accounting, Finance or related field.
• ACCA/CPA/CA/CMA/ACA or equivalent preferred.
• Strong IFRS knowledge, especially IFRS 15 for construction contracts.
• Expertise in project cost accounting, WIP, EAC/forecasting, revenue recognition.
• Saudi VAT/ZATCA knowledge.
• Advanced SAP experience in finance and project accounting.
• Excellent stakeholder-management, analytical and leadership skills.

Responsibilities

• Lead financial accounting, monthly closing, and statutory reporting per IFRS.
• Oversee project accounting, including WIP, accruals, cost-to-complete.
• Ensure IFRS 15 revenue recognition for construction contracts.
• Collaborate with Commercial, Contracts, and Project teams for reporting.
• Oversee subcontractor and supplier accounting and reconciliations.
• Drive working capital and project cash-flow management.
• Ensure compliance with Saudi statutory requirements (VAT/ZATCA, etc).
• Manage audits, controls, and financial governance across operations.
• Lead and mentor accounting team; provide senior management insights.

Skills

Experience in accounting/finance

Construction/ EPC sector exposure

Stakeholder management / leadership

Analytical / communication skills

Education

Bachelor's in Accounting or Finance

Professional qualification (ACCA/CPA/CA/CMA/ACA)

Tools

SAP ERP

Job description

UCC Holding is seeking an experienced Accounting Manager to lead financial accounting and reporting for its Saudi operations, supporting large-scale construction and infrastructure projects. The role requires a senior finance professional with proven experience in a Tier-1 contractor, EPC, or major construction organization, combining strong technical accounting expertise with a comprehensive understanding of project financials, commercial operations, cash flow, and financial controls.

Key Responsibilities

• Lead financial accounting, monthly closing, management reporting, and statutory financial reporting in accordance with IFRS and Group policies.
• Oversee project accounting, including WIP, accruals, provisions, commitments, cost allocation, project profitability, and cost-to-complete.
• Ensure appropriate IFRS 15 revenue recognition for construction contracts, including variations, claims, change orders, contract assets/liabilities, and unbilled revenue.
• Partner closely with Commercial, Contracts, Project Controls, Procurement, and Project Management teams to ensure accurate project financial reporting and forecasting.
• Oversee subcontractor and supplier accounting, including advances, retentions, accruals, certifications, payments, and reconciliations.
• Drive accounts receivable, collections, working capital, and project cash-flow management, identifying risks and opportunities for improvement.
• Ensure compliance with ZATCA, VAT, Zakat/tax, GOSI, and other applicable Saudi statutory requirements.
• Manage internal and external audits, ensuring robust reconciliations, documentation, controls, and timely closure of audit observations.
• Maintain strong financial governance and internal controls across project and corporate operations.
• Ensure accuracy and integrity of financial data through SAP ERP, including effective utilization of relevant SAP finance and project-accounting processes.
• Support continuous improvement, automation, and standardization of accounting and reporting processes within SAP.
• Lead, develop, and mentor the accounting team, fostering a high-performance and accountable culture.
• Provide senior management with timely insights on project financial performance, margins, cash flow, risks, and emerging financial issues.

Candidate Profile

• 15+ years of progressive accounting/finance experience, with significant experience in construction, EPC, infrastructure, or other project-based businesses.
• Proven experience with a Tier-1 contractor or major EPC organization; Saudi/GCC experience strongly preferred.
• Bachelor's degree in Accounting, Finance, or related discipline.
• ACCA, CPA, CA, CMA, ACA or equivalent professional qualification preferred.
• Strong technical knowledge of IFRS, particularly IFRS 15 and construction contract accounting.
• Strong understanding of project cost accounting, WIP, EAC/forecasting, subcontractor accounting, revenue recognition, and working capital.
• Strong knowledge of Saudi VAT/ZATCA requirements.
• Advanced SAP experience with strong understanding of financial accounting, project accounting, cost controlling, and management reporting.
• Excellent stakeholder-management, analytical, leadership, and communication skills.