Accounting Manager

UCC Holding; Riyadh; On-site; SAR 280,000 - 420,000; Full time

Job summary

UCC Holding in Saudi Arabia seeks an experienced Accounting Manager to lead financial accounting and project reporting for major construction and infrastructure projects. You will drive IFRS-compliant monthly closes, statutory reporting, and robust financial controls across SAP and project accounting processes.

The role requires a senior finance professional with Tier-1 contractor or EPC exposure, strong data analysis, stakeholder management, and the ability to partner with Commercial,

Qualifications

• 15+ years of progressive accounting/finance experience in construction or project-based businesses.
• Experience with Tier-1 contractors or major EPC organizations; Saudi/GCC experience preferred.
• Bachelor's degree in Accounting, Finance, or related field; professional qualifications preferred.
• Strong IFRS knowledge, especially IFRS 15 and construction accounting.
• Advanced SAP experience in financial and project accounting, cost controlling, reporting.
• Excellent stakeholder management and leadership capabilities.

Responsibilities

• Lead financial accounting, monthly close, and statutory reporting under IFRS.
• Oversee project accounting: WIP, accruals, provisions, cost-to-complete.
• Ensure IFRS 15 revenue recognition for construction contracts.
• Partner with Commercial, Contracts, and Project teams for reporting and forecasting.
• Manage supplier/subcontractor accounting and reconciliations.
• Drive AR, collections, working capital, and project cash flow.
• Ensure compliance with VAT/ZATCA and Saudi tax requirements.
• Oversee internal and external audits and maintain controls.
• Mentor accounting team and provide senior management insights.

Skills

Stakeholder management

Analytical skills

Leadership

Communication skills

SAP Finance & Project Accounting

IFRS knowledge

WIP/Cost accounting

Education

Bachelor's degree in Accounting/Finance

Professional qualification ACCA/CPA/CA/CMA/ACA

Tools

SAP ERP

SAP FI/CO

Project accounting

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.