Accounts Executive

Seddiqi Holding; Jeddah; On-site; SAR 150,000 - 200,000; Full time

Job summary

A family-owned diversified business in Jeddah is seeking an experienced accounts executive to assist the Senior Accountant. The role involves managing petty cash, accounts receivable, and vendor payments while ensuring compliance with financial standards. The ideal candidate will hold a Bachelor’s degree in finance and have over 4 years of relevant experience in accounting, preferably in luxury retail or FMCG in Saudi Arabia. This position requires strong organizational skills and attention to detail.

Qualifications

• Bachelor’s degree in finance/accounting/business administration.
• 4+ years of relevant experience in accounting preferably in Luxury retail/Retail/FMCG in KSA.
• Knowledge of Local GAAP and financial reporting standards.

Responsibilities

• Manage petty cash for retail doors and maintain documentation.
• Assist the senior accountant with reconciliation of credit card payments.
• Track customer payments and follow up on outstanding accounts.
• Verify and book vendor invoices and prepare payments.
• Assist in fulfilling internal and external audit requirements.

Skills

Accounts receivable management

Vendor management

Financial reporting

Compliance adherence

Petty cash management

Education

Bachelor’s degree in finance/accounting/business administration

Tools

SAP

Job description

Seddiqi Holding is a Family-owned and managed company with a unique, diversified portfolio of businesses and brands across numerous sectors. The business includes Ahmed Seddiqi, Seddiqi Properties, Swiss Watch Services and Mizzen.

We are looking for an experienced accounts executive who will be supporting the Senior Accountant in executing day-to-day accounting operations, ensuring accuracy, compliance, and timely processing of financial transactions across retail and corporate functions. The role involves handling petty cash, reconciliations, documentation, vendor payments, and audit support.

Key Responsibilities

Retail Operations Support

• Manage petty cash for retail doors: booking vouchers, initiating approval requests, maintaining documentation, and coordinating replenishment with KSA Head Office.
• Assist the senior accountant on daily reconciliation of credit card payments and cash sales across retail doors; investigate and resolve discrepancies.
• Record daily card payment collections based on bank statements.
• Monitor accumulated cash sales in boutiques and follow up for timely deposits as per SOP.
• Conduct cash counts in stores as required or requested.

Accounts Receivable & Customer Interaction

• Assist in tracking customer payments and follow up on outstanding accounts.
• Interact with customers regarding e-invoice billing inquiries.
• Prepare and submit monthly bank reconciliations and provide bank transfer confirmations.
• Monitor bounced cheques and coordinate with leasing/logistics teams for resolution and tracking.
• Liaise with Dubai AR team on daily uploads of all bank files.

Documentation & Compliance

• Electronically archive all tax documents signed and stamped by ZATCA, categorized by type (Tax/Simplified) and location.
• Archive all vouchers processed from Riyadh office and share them electronically and physically with Jeddah Head Office.
• Ensure proper documentation and compliance with internal standards for all financial transactions.

Accounts Payable & Vendor Management

• Verify and book vendor invoices and prepare payments as directed by Senior Accountant.
• Coordinate with Dubai AP team regarding vendor payments.
• Assist in inspecting payments to suppliers for compliance with contracts and internal policies.
• Support in managing vendor master data and resolving supplier queries.

Audit & Reporting

• Assist in fulfilling internal and external audit requirements by providing necessary documentation and clarifications.
• Support in preparing schedules such as prepaid expenses, vendor ageing, AR ageing and advance reports.
• Help in maintaining the integrity of financial records and ensuring proper posting in the system.

In order to be successful in this role, you should have:

• Bachelor’s degree in finance / accounting/ business administration
• 4+ years of relevant experience in accounting preferably in Luxury retail/Retail/FMCG in KSA.
• Knowledge of Local GAAP and financial reporting standards.
• SAP experience is a plus but not mandatory.
• Working towards Professional qualification (e.g. CPA/ACCA/ACA/CIMA)