Accounts Executive

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

Job summary

A leading family-owned company in Saudi Arabia is seeking an experienced accounts executive to support day-to-day accounting operations. This role involves managing petty cash, vendor payments, and ensuring compliance with internal standards. Ideal candidates will have a Bachelor’s degree and 4+ years of accounting experience in luxury retail or FMCG. This position offers an opportunity to work in a dynamic environment with a focus on accuracy and timely processing of financial transactions.

Qualifications

• Bachelor’s degree required in related field.
• 4+ years experience in accounting within Luxury retail/FMCG.
• Knowledge of Local GAAP and standards.

Responsibilities

• Manage petty cash and daily reconciliation.
• Assist in tracking and following up on customer payments.
• Ensure documentation compliance for financial transactions.
• Coordinate vendor payments and assist in vendor management.
• Support internal and external audit requirements.

Skills

4+ years relevant experience

Knowledge of Local GAAP

SAP experience

Customer interaction

Education

Bachelor’s degree in finance/accounting/business administration

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)