Chief Accountant

Confidential; Jeddah; On-site; SAR 120,000 - 170,000; Full time

Job summary

An international firm in Saudi Arabia is looking for an experienced Accounting Supervisor to manage daily accounting operations. The role requires adherence to IFRS standards, preparation of financial statements, and team leadership. Ideal candidates will have a Bachelor’s degree in Accounting or Finance, at least 7 years of experience with 2 years in retail, and proficiency in ERP systems like SAP or Oracle. Strong communication skills in English are essential.

Qualifications

• Minimum of 7 years of accounting experience.
• At least 2 years in the retail sector.
• Professional certification is an added advantage.

Responsibilities

• Manage and close monthly and annual accounts accurately.
• Review and verify journal entries before approval.
• Prepare periodic and annual financial statements.
• Oversee implementation of accounting policies.
• Train team members on accounting procedures.

Skills

IFRS knowledge

Accounting supervision

Team leadership

Financial reporting

ERP systems

Proficiency in English

Education

Bachelor’s degree in Accounting or Finance

IFRS certificate

Tools

SAP

Oracle

Microsoft Dynamics

Job description

Job Objective:

To supervise all daily accounting operations and ensure the accuracy and integrity of financial data in accordance with International Financial Reporting Standards (IFRS). The role also contributes to the preparation of periodic financial reports in compliance with the requirements of a listed company and the Capital Market Authority (CMA).

Key Duties and Responsibilities:

Financial and Accounting Supervision:

• Manage and close monthly and annual accounts accurately and on time.
• Review and verify journal entries, expenses, and revenues before approval.
• Prepare periodic and annual financial statements.
• Monitor accounts receivable and payable, ensuring reconciliation between General Ledger and Sub-Ledger balances.
• Oversee the implementation of accounting policies and procedures approved by the Finance Department.

Compliance with Standards and Regulations:

• Apply IFRS accounting standards.
• Ensure compliance with the regulations of the Zakat, Tax and Customs Authority (ZATCA) and the Capital Market Authority (CMA).
• Supervise the preparation of Zakat, Withholding Tax, and Value-Added Tax (VAT) filings.

Team Supervision:

• Lead and guide the accounting team, assigning daily tasks and responsibilities.
• Train team members on updated accounting policies and procedures.
• Contribute to enhancing the efficiency and accuracy of the Finance Department’s performance.

Reporting and Analysis:

• Prepare the required monthly financial reports.
• Participate in the preparation of annual budgets and monitor actual vs. planned variances.
• Analyze cost of sales, gross margins, and inventory movements.

Qualifications and Experience:

• Bachelor’s degree in Accounting or Finance.
• Must have an IFRS certificate.
• Strong knowledge of IFRS and consolidated financial statement preparation.
• Minimum of 7 years of accounting experience, including at least 2 years in the retail sector.
• Hands‑on experience with ERP systems such as SAP, Oracle, or Microsoft Dynamics.
• Proficiency in English (spoken and written).
• Professional certification is an added advantage.