General Ledger Accountant

Richemont; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

Richemont seeks a General Ledger Accountant in Riyadh to ensure the efficient administration of financial operations. This role involves managing treasury activities, maintaining financial controls, and ensuring compliance with local laws. Candidates should have significant accounting experience, preferably in the luxury retail sector.

Benefits

Career development opportunities

Creative and ambitious work environment

Supportive team culture

Qualifications

• Minimum of 5 years in accounting and finance.
• Experience in the retail industry is advantageous.
• Strong knowledge of KSA VAT.

Responsibilities

• Perform monthly reconciliations and post intercompany transactions.
• Review payment runs and manage cash forecasting.
• Submit VAT and WHT filings and ensure compliance.

Skills

Credit Management

Communication

Analytical Skills

Attention to Detail

Time Management

Education

Bachelor’s degree in Accounting

Tools

SAP

Microsoft Teams

SharePoint

Job description

Richemont is a leading luxury goods holding company, home to some of the world's most prestigious Maisons in jewelry, watches, and writing instruments. Founded in by Johann Rupert, we pride ourselves on our family-spirited culture, enabling our businesses to grow while honoring their heritage. At Richemont, we believe in fostering untapped potential and celebrating the diversity of our arts, cultures, and human skills.

The Opportunity :

Join our KSA FC&R team as a General Ledger Accountant and play a vital role in ensuring the efficient and compliant administration of our financial operations. Reporting to the Senior General Ledger KSA, you will manage treasury activities, maintain financial controls, and drive continuous improvement initiatives.

Key Responsibilities :

• Accounting & Reporting : Book entries accurately and timely, following standard operating procedures. Prepare monthly reconciliations for transitory accounts, corporate cards, and procurement cards. Reconcile bank accounts to ensure data accuracy. Post and reconcile intercompany transactions. Process period-end adjustments (accruals, currency conversions). Maintain organized records and provide clarifications to FP&A and Finance operations.
• Treasury Management : Review payment runs and ensure ICS controls are applied. Manage local entity cash forecasting and optimize cash for working capital needs. Oversee credit card issuance and usage. Maintain banking relationships and address queries.
• Tax Operations : Review, calculate, and submit VAT and WHT filings. Handle government Sadad payments and reconcile balances. Provide operational tax support to Maisons, ensuring compliance with local laws and regulations. Manage tourist refund-related issues and act as a liaison with tax authorities and advisors.
• Compliance & Control : Adhere to Richemont's accounting policies, procedures, and international accounting standards. Align with local laws and regulatory requirements (ZATCA, SAMA, MOC). Maintain and apply ICS controls consistently.

Qualifications :

• Education : Bachelor’s degree in Accounting (preferred).
• Experience : Minimum of 5 years in accounting and finance. Experience in the retail industry (advantageous).
• Technical Skills : Credit Management experience. Knowledge of accounting department processes. Proficiency in SAP and Microsoft tools (MS Teams, SharePoint). Strong knowledge of KSA VAT.
• Personal Skills : Effective communication and relationship-building skills. Presentation skills. Ability to work under pressure and manage multiple stakeholders. Excellent analytical and problem-solving skills. High attention to detail and accuracy. Proactive with strong time-management and organizational skills. Compliance mindset with high integrity and confidentiality. Ability to lead projects.

Why Join Richemont?

• Be part of a reputable and professional leading company in the luxury industry.
• Work in a creative, ambitious, and diverse team.
• Take a decisive step towards your career development within our organization.
• Experience a family-spirited Group that values heritage and fosters untapped potential.

To Apply :

If you are a motivated and skilled accounting professional seeking a challenging and rewarding opportunity, we invite you to apply and become a part of the Richemont family.