Assistant Chief Accountant

Future Horizons Contracting; Saudi Arabia; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a seasoned accounting professional to oversee financial operations. This role involves preparing financial statements, managing budgets, and ensuring compliance with regulations. The ideal candidate will have extensive experience in the construction sector and a strong background in cost and project accounting. You will lead a team, optimize accounting processes, and liaise with auditors, making a significant impact on the organization’s financial health. If you are ready to take on a leadership role in a dynamic environment, this opportunity is perfect for you.

Qualifications

• 7-10 years of accounting experience, including 3 years in a senior role.
• Strong knowledge of cost accounting and project accounting.

Responsibilities

• Prepare financial statements and manage month-end/year-end closing.
• Analyze financial performance and monitor project budgets.

Skills

Cost Accounting

Project Accounting

Financial Reporting

Analytical Skills

Leadership Skills

Communication Skills

Education

Bachelor's Degree in Accounting

Professional Certification

Tools

Dynamics AX365

Job description

Job Responsibilities

1. Prepare monthly, quarterly, and annual financial statements.
2. Ensure accuracy and completeness of general ledger transactions.
3. Manage the month-end and year-end closing processes.
4. Analyze financial performance and provide regular reports to senior management.
5. Monitor and analyze project budgets, cost estimates, and financial forecasts.
6. Coordinate with project managers to track expenses and ensure budget compliance.
7. Identify cost variances and recommend corrective actions.
8. Supervise AP/AR functions, including vendor payments, client billing, and collections.
9. Ensure timely invoicing and resolve discrepancies.
10. Ensure compliance with local tax laws, VAT, and financial regulations.
11. Liaise with external auditors and manage audit processes.
12. Oversee payroll accounting and compliance with labor regulations.
13. Maintain and account for company fixed assets and depreciation schedules.
14. Manage and mentor accounting staff, reviewing their work for accuracy and completeness.
15. Optimize accounting processes and systems, such as ERP software Dynamics AX365.
16. Assist with the implementation of financial modules and software upgrades.

Education and Certification Minimum Requirements

Bachelor's degree in accounting, Finance, or related field (Professional certification is preferred).

Competencies

• Bachelor's degree in Accounting, Finance, or related field (Professional certification is preferred).
• Minimum 7-10 years of accounting experience, with at least 3 years in a senior or supervisory role.
• Proven experience in the construction industry.
• Strong knowledge of cost accounting, project accounting, and revenue recognition.
• Familiarity with construction ERP systems (e.g., Dynamics AX365).
• Excellent analytical, communication, and leadership skills.