Chief Accountant

Sealy Mattress Middle East; Jeddah; On-site; SAR 240,000 - 360,000; Full time

Benefits offered by this job

Private Health Insurance

Training & Development

Performance Bonus

Job summary

Sealy Mattress Middle East seeks a Chief Accountant to lead the general ledger, tax compliance, and financial closing cycles from our Jeddah headquarters. You will ensure IFRS-compliant reports and strengthen internal controls across our regional operations.

The role covers VAT, Zakat, corporate tax, payroll compliance via Madad, and treasury management. You will coordinate with external auditors, optimize working capital, and support manufacturing and retail finance in the MENA region.

Qualifications

• Bachelor's degree in Accounting or Finance or related field.
• Minimum 5 years of progressive accounting or corporate finance experience.
• Arabic native with professional English proficiency.

Responsibilities

• Oversee end-to-end monthly, quarterly, and year-end close processes.
• Prepare IFRS-compliant financial statements (BS, P&L, Cash Flow).
• Lead VAT, Zakat, and corporate tax returns and liaise with auditors.
• Monitor cash flow, manage AP/AR, and payroll compliance via Madad.
• Collaborate with operations to analyze costs and inventory margins.

Skills

Excel

ZATCA e-invoicing

Odoo ERP

Education

Bachelor's degree in Accounting/Finance

Tools

Odoo ERP

ZATCA e-invoicing

Job description

Job Description: Chief Accountant

Sealy Mattress Middle East (operated by Middle East Mattress Factory Co.) is seeking a highly analytical, detail-oriented Chief Accountant to oversee our financial operations, reporting, and compliance framework. Based at our regional headquarters in Jeddah, Saudi Arabia, you will lead the day-to-day accounting functions, ensure accurate financial reporting, and maintain strong internal controls across our retail and manufacturing operations in the MENA region.

Role Overview

As the Chief Accountant, you will take ownership of the general ledger, tax compliance, and financial closing cycles. This role requires a professional who can bridge operational accounting with strategic financial oversight, ensuring that Sealy Middle East operates with maximum fiscal efficiency and stays fully compliant with both Saudi regulatory standards and international financial policies.

Key Responsibilities

Financial Reporting & General Ledger

• Manage the end-to-end monthly, quarterly, and year-end closing processes to ensure timely and accurate financial statements.
• Oversee all general ledger accounts, bank reconciliations, fixed asset registries, and inventory valuation metrics.
• Prepare comprehensive financial statements (Balance Sheet, Income Statement, Cash Flow) in compliance with IFRS guidelines.

Tax, Zakat, and Compliance

• Lead the preparation, review, and accurate filing of VAT, Zakat, and corporate tax returns through the Zakat, Tax and Customs Authority (ZATCA) portal.
• Ensure full adherence to local Saudi financial regulations, commercial laws, and internal corporate governance standards.
• Coordinate and manage relationship workflows with external auditors during year-end financial audits.

Treasury & Cash Flow Management

• Monitor daily cash positions and manage corporate accounts payable (AP) and accounts receivable (AR) to optimize working capital.
• Review payroll processing, ensuring flawless execution alongside local compliance via the Saudi Madad portal.
• Evaluate and authorize vendor payments, expense reports, and petty cash allocations.

Cost Control & Inventory Accounting

• Collaborate closely with factory operations to analyze manufacturing costs, raw material variances, and inventory margins.
• Implement robust internal control mechanisms to safeguard company assets and eliminate financial discrepancies.

Requirements

Requirements & Qualifications

• Nationality: Open to both Saudi Nationals and Egyptian Nationals residing in the Kingdom.
• Location: Must permanently reside in or be willing to immediately commute to Jeddah, Saudi Arabia.
• Education: Holder of a Bachelor's degree in Accounting, Finance, or a closely related financial discipline.
• Experience: Minimum of 5 years of progressive experience in accounting or corporate finance, ideally within the manufacturing, retail, or fast-moving consumer goods (FMCG) sectors.
• Technical Skills:
  • Advanced proficiency in utilizing Tier-1 ERP systems (such as Odoo).
  • Expert knowledge of ZATCA e-invoicing (Fatoorah phase 1 and 2) integrations and compliance.
  • Advanced mastery of Microsoft Excel for financial modeling, pivot tables, and VLOOKUP analyses.
• Languages: Native-level fluency in Arabic with professional proficiency in written and spoken English.
• Certifications (Preferred): Progression toward or possession of professional certifications (e.g., SOCPA, CMA, or ACCA) is a strong advantage.

Benefits

• Private Health Insurance
• Training & Development
• Performance Bonus