Financial Accountant

Alkhorayef Petroleum Company; Dammam; On-site; SAR 60,000 - 90,000; Full time

Job summary

Alkhorayef Petroleum Company seeks an accountant to prepare monthly financial statements by collecting data, analyzing variances, and summarizing trends. You will assemble quarterly and annual reports and respond to financial inquiries.

The role requires a bachelor's degree in Finance or Accounting, 2 years of experience, knowledge of accounting regulations, and CPA is preferred; you will assist in month-end close and ensure compliance with internal controls and company policies.

Qualifications

• Knowledge of accounting regulations and practices.

Responsibilities

• Prepares monthly financial statements by collecting data, analyzing and investigating variances, and summarizing financial information and trends.
• Prepares quarterly and annual financial reports by assembling and validating financial data.
• Responds to financial inquiries by gathering, analyzing, summarizing, and interpreting financial information.
• Prepares special financial reports by analyzing variances, preparing budgets, and developing forecasts.
• Processes accounts payable transactions, ensuring invoices are accurately verified, approved, and paid in accordance with company policies and payment terms.
• Maintains accounts receivable records by issuing customer invoices, monitoring outstanding balances, and following up on overdue payments.
• Reconciles accounts payable and accounts receivable ledgers to ensure accuracy and resolve discrepancies in a timely manner.
• Performs vendor and customer account reconciliations, investigating and resolving payment or billing issues.
• Supports month-end and year-end closing activities, including preparation of accruals, reconciliations, and related journal entries.
• Monitors cash inflows and outflows related to receivables and payables to support effective cash flow management.
• Assists in maintaining accurate financial records and ensures compliance with internal controls, accounting standards, and company policies.
• Collaborates with internal departments, customers, and vendors to resolve invoice, payment, and account-related issues.
• Supports internal and external audits by preparing financial documentation and responding to audit requests.
• Accomplishes finance and organizational objectives by completing assigned accounting and financial tasks as required.

Skills

Accounting knowledge

Education

Bachelor's degree in Finance/Accounting

Job description

Responsibilities:

• Prepares monthly financial statements by collecting data, analyzing and investigating variances, and summarizing financial information and trends.
• Prepares quarterly and annual financial reports by assembling and validating financial data.
• Responds to financial inquiries by gathering, analyzing, summarizing, and interpreting financial information.
• Prepares special financial reports by analyzing variances, preparing budgets, and developing forecasts.
• Processes accounts payable transactions, ensuring invoices are accurately verified, approved, and paid in accordance with company policies and payment terms.
• Maintains accounts receivable records by issuing customer invoices, monitoring outstanding balances, and following up on overdue payments.
• Reconciles accounts payable and accounts receivable ledgers to ensure accuracy and resolve discrepancies in a timely manner.
• Performs vendor and customer account reconciliations, investigating and resolving payment or billing issues.
• Supports month-end and year-end closing activities, including preparation of accruals, reconciliations, and related journal entries.
• Monitors cash inflows and outflows related to receivables and payables to support effective cash flow management.
• Assists in maintaining accurate financial records and ensures compliance with internal controls, accounting standards, and company policies.
• Collaborates with internal departments, customers, and vendors to resolve invoice, payment, and account-related issues.
• Supports internal and external audits by preparing financial documentation and responding to audit requests.
• Accomplishes finance and organizational objectives by completing assigned accounting and financial tasks as required.

Skills and Qualifications:

• A bachelor’s degree in Finance, Accounting or equivalent is required.
• 2 years of experience.
• Knowledge of accounting regulations and practices.
• Certification as a Certified Public Accountant (CPA) is preferred.