Accounting Specialist

Wa'ed Ventures; Dhahran Compound; On-site; SAR 60,000 - 120,000; Full time

Job summary

An established industry player is seeking an Accounting Specialist to enhance their financial operations. In this dynamic role, you will be responsible for maintaining the general ledger, managing accounts payable and receivable, and ensuring compliance with financial regulations. Your expertise in financial reporting and internal controls will be crucial in supporting the company's objectives. Join a supportive finance team where your contributions will directly impact the organization's success, and embrace the opportunity to grow in a fast-paced environment that values accuracy and efficiency.

Qualifications

• 5-10 years of relevant experience in accounting or finance.
• Pursuit of SOCPA, CPA, ACCA, CMA, or CFA certification preferred.

Responsibilities

• Prepare annual budgets and quarterly management accounts.
• Maintain and update the general ledger for accurate financial transactions.
• Monitor daily cash positions and ensure liquidity.

Skills

Attention to Detail

Problem-solving

Communication Skills

Team Collaboration

Multitasking

Education

Bachelor's degree in Accounting or Finance

Tools

Accounting Software

Financial Management Tools

Job description

Job Summary:

The Accounting Specialist will support financial accounting operations, including general ledger maintenance, financial reporting, compliance, reconciliation, and cost analysis. The role also includes accounts payable and receivable management, cash flow monitoring, tax compliance, and audit support, ensuring accuracy and timeliness in financial transactions while maintaining strong internal controls.

Key Responsibilities:

1. Budgeting & Financial Planning:
   Prepare annual budgets, quarterly management accounts, and ad-hoc reports, ensuring accurate financial planning and alignment with company objectives.
2. Financial Accounting & Bookkeeping:
   Maintain and update Wa'ed's general ledger, ensuring accurate recording of financial transactions in accordance with internal procedures, regulatory standards, and international accounting practices.
3. Accounts Payable:
   Process and verify invoices, cash calls, disbursements, advance payments, and other ad-hoc payments, ensuring accuracy, compliance with contractual terms, and adherence to processing deadlines.
4. Accounts Receivable & Collections:
   Prepare and track ageing reports, ensuring timely collection of outstanding receivables.
5. Banking & Cash Management:
   Monitor daily cash positions and bank balances, ensuring sufficient liquidity to meet financial obligations.
6. Financial Reporting & Audit Support:
   Prepare year-end financial statements and supporting documents, ensuring compliance with Wa'ed's accounting policies, chart of accounts, and accounting standards.
7. Compliance, Policies & Internal Controls:
   Implement and maintain accounting policies, procedures, and internal controls, ensuring compliance with regulatory requirements.

Working Conditions:
The Accounting Specialist will work in a dynamic and fast-paced environment, often under tight deadlines, with a supportive finance team. The position may occasionally require extended hours or weekend work to meet reporting deadlines.

Qualifications and General Competencies:

1. Bachelor's degree in Accounting, Finance, or a related field.
2. 5-10 years of relevant experience in accounting or finance.
3. Partial or full pursuit of SOCPA, CPA, ACCA, CMA, or CFA certification is strongly preferred.
4. Strong knowledge of accounting principles and financial reporting standards.
5. Proficiency in accounting software and financial management tools.
6. Excellent attention to detail and accuracy in financial reporting.
7. Strong problem-solving skills and ability to work in a fast-paced environment.
8. Ability to collaborate effectively within teams and work independently when needed.
9. Strong communication, written, and presentation skills to interact with internal and external stakeholders.
10. Ability to multitask while meeting deadlines and maintaining a high level of efficiency.