Accounts Manager - Jeddah

Abdul Latif Jameel Enterprises; Jeddah; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading real estate management company in Jeddah seeks a financial leader to ensure strategic oversight, manage asset operations, and guarantee compliance with regulations. The role involves supervisory responsibilities and requires expertise in financial reporting and budgeting. Ideal candidates will have a strong background in real estate finance and proficiency in accounting systems like Oracle and Yardi.

Qualifications

• Solid understanding of corporate governance and regulatory compliance in the real estate sector.
• Strong proficiency in accounting software and ERP systems.
• Commitment to high standards in financial management.

Responsibilities

• Ensure strategic financial leadership and oversight for ALJ Land.
• Manage asset and liability operations, including accurate accounting.
• Coordinate budgeting, financial reporting, and audit preparation.
• Oversee monthly financial closing and manage internal controls.
• Act as key liaison with external auditors and provide reports.

Skills

Financial reporting

Budgeting

Financial analysis

Compliance for real estate development and leasing projects

Advanced Excel skills

Analytical and problem-solving abilities

Strong communication and leadership capabilities

Attention to detail and accuracy

Tools

Oracle Fusion

Yardi

Job description

Company: Abdul Latif Jameel Proprieties

Role Purpose

Ensure strategic financial leadership and oversight for ALJ Land and associated entities. Manage asset and liability operations, including fixed asset management and accurate accounting across cost, expenses, revenue, and taxes. Coordinate budgeting, financial reporting, and audit preparation to align with company objectives. Validate payroll and HR financial compliance while maintaining system expertise and general ledger integrity. Ensure full regulatory and taxation compliance to support informed decision-making and strategic planning.

Strategic Financial Oversight

• Ensure accurate and timely maintenance of financial records including ledgers, journals, trial balances, and financial statements (parent & subsidiaries).
• Oversee monthly financial closing, including accruals, amortizations, depreciation, and reconciliations.
• Manage and monitor internal controls to safeguard assets and ensure compliance.
• Supervise reconciliation of accounts and manage fixed assets, development costs, and tenant billing for real estate operations.
• Coordinate budget and forecast support to ensure alignment with strategic financial planning.
• Consolidate financial data and reporting packages to reflect the groups financial position.

Compliance and Governance

• Enforce adherence to IFRS, tax regulations (VAT, WHT, Zakat), and company financial policies.
• Monitor and maintain internal control systems and financial system security.
• Ensure audit readiness and regulatory compliance across all entities.

Operational Leadership

• Supervise accounting staff, promote professional development, and maintain high operational effectiveness.
• Manage accounts department productivity and efficiency.
• Implement corrective actions to strengthen internal controls and financial practices.

Internal Communication

• Collaborate with Senior Finance Controller (SFC) and line managers on financial matters.
• Report monthly and quarterly financial performance to executive management and business units.
• Train accounting teams on compliance, internal controls, and financial policies.

External Communication

• Act as key liaison with external auditors, regulators, and tax authorities.
• Provide accurate and timely financial reports to shareholders and stakeholders.
• Uphold corporate governance standards and ethical practices to build trust with external partners.

Stakeholder Engagement

• Engage with business leaders, auditors, and investors to support transparency and smooth financial operations.
• Maintain clarity and responsiveness in financial communications and disclosures.

Process Improvement

• Regularly assess and improve internal controls and financial systems.
• Recommend updates to the chart of accounts tailored to real estate development needs.
• Implement system upgrades to enhance financial security and data accuracy.

Policy and Procedure Development

• Develop and update financial policies and internal control procedures.
• Establish financial best practices aligned with governance and strategic goals.

Strategic Alignment

• Support alignment of financial management with corporate strategy and long-term value creation.
• Advocate for ethical financial practices and innovation in reporting and system use.
• Zakat
• Other real estate-specific tax matters
• Solid understanding of: Corporate governance
• Regulatory compliance in the real estate sector

Skills

• Financial reporting
• Budgeting
• Financial analysis
• Compliance for real estate development and leasing projects
• Strong proficiency in accounting software and ERP systems (e.g., Oracle Fusion, Yardi)
• Advanced Excel skills
• Analytical and problem-solving abilities
• Organizational and time-management skills
• Strong communication and leadership capabilities
• Team management and stakeholder liaison
• Attention to detail and accuracy
• Commitment to high standards
• Strong computer proficiency in accounting tools