Accounting Team Lead

Foodics; Riyadh; On-site; SAR 40,000 - 80,000; Full time

Job summary

An innovative company in the tech industry is seeking a highly skilled Accounting Team Lead to drive financial operations and compliance in a fast-paced SaaS environment. The ideal candidate will leverage their 5+ years of accounting experience to manage financial reporting, oversee subscription billing, and ensure compliance with local tax laws. This role offers the opportunity to work with a diverse team across multiple countries, contributing to a rapidly growing ecosystem that values personal development and offers competitive compensation packages. Join a dynamic team where your expertise will help shape the future of financial operations in the tech sector.

Benefits

Competitive Compensation Packages

Bonuses

Potential for Shares

Regular Training

Annual Learning Stipend

Mentoring

Autonomy

Challenging Goals

Qualifications

• 5+ years of accounting experience, especially in SaaS.
• Strong understanding of GAAP/IFRS and financial operations.

Responsibilities

• Manage daily operations of the accounting department.
• Oversee subscription billing cycles and revenue reporting.
• Assist in internal and external audits.

Skills

Financial Reporting

Revenue Recognition

Compliance

Analytical Skills

Attention to Detail

Problem-Solving

Communication Skills

Education

Bachelor's degree in Accounting

CPA, CMA, or ACCA certification

Tools

NetSuite

Salesforce

Excel

Job description

Who Are We

We Are Foodics! a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarters 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 seeking a highly skilledAccounting TeamLeadwith a strong background in financial reporting, revenue recognition, and compliance, particularly within theSoftware-as-a-Service (SaaS) industry. The ideal candidate will have5+ years of experience in accounting, with expertise in SaaS financial operations. This role requires strong analytical skills, attention to detail, and a deep understanding of accounting principles to support financial planning, audits, and operational efficiency.

What Will You Do

Financial Reporting & Compliance:

• Manage and oversee daily operations of the accounting department, includingAP, AR, andbank reconciliations
• Maintain and reconcile general ledger accounts
• Prepare and reviewfinancial statementsin compliance with IFRS/GAAP.
• Assist inmonth-end and year-end closingprocesses, ensuring timely and accurate financial reporting.
• Maintaincompliance with local tax laws and regulations, including VAT, income tax, and any relevant financial policies.

Revenue & Subscription Accounting:

• Overseesubscription billing cycles, deferred revenue, and recurring revenue reporting.
• Monitorcustomer contracts, invoicing, and revenue recognition, ensuring alignment with SaaS industry standards.
• Reconciledeferred revenue schedulesand ensure accurateARR (Annual Recurring Revenue) and MRR (Monthly Recurring Revenue) calculations.

Financial Analysis & Process Improvement:

• Supportbudgeting and financial planningfor SaaS revenue streams.
• Identify and implementprocess improvementsto enhance efficiency in financial operations.

Audit & Internal Controls:

• Assist ininternal and external audits, providing necessary documentation and insights.
• Maintainstrong internal controlsto safeguard company assets and financial integrity.
• Develop and implementthe best practices in financial operations and reporting.

What Are We Looking For

• Bachelor’s degree in Accounting, Finance, or a related field(CPA, CMA, or ACCA certification is a plus).
• 5+ years of accounting experience, (1-2 years in a SaaS or subscription-based business.)
• Strong understanding ofGAAP/IFRS.
• Experience withaccounting software,preferablyNetSuite
• Experience withsubscription billing systems,preferablySalesforce
• Advanced skills inExcelandfinancial modeling.
• Proficiency in English (both written and spoken)
• Excellent analytical, problem-solving, and communication skills.
• Strong attention to detail and ability towork in a fast-paced, dynamic environment.

Preferred Skills:

• Experience working withSaaS KPIs such as CAC, LTV, Churn Rate, and Expansion Revenue.
• Familiarity withtax regulations for SaaS businesses
• Knowledge ofautomation tools and process optimizationin accounting.
• Experience in a multinational company or a similar environment

What We Offer You

We believe you will love working at Foodics!

• 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.