Revenue Close Lead IFRS 15 & AR Specialist

Al-Futtaim; Riyadh; On-site; SAR 240,000 - 340,000; Full time

Job summary

Al-Futtaim is seeking a Senior Financial Accountant to own the revenue close cycle and ensure IFRS 15 compliant recognition for customer contracts. You will collaborate with Sales, Operations, and Commercial teams to reflect contract terms in financial statements.

The role requires 4–6 years in accounting with at least 2 years in revenue accounting, and professional qualifications (CPA/ACCA/CMA/CA) preferred. Strong Excel and ERP system skills are essential.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• Professional qualification (CPA, ACCA, CMA, or CA) completed or in progress.
• 4–6 years of accounting experience, including at least 2 years in revenue accounting; Big 4 audit experience is an advantage.

Responsibilities

• Apply IFRS 15 to customer contracts, including identifying performance obligations, allocating transaction price, and determining the timing of recognition.
• Review new and amended contracts for revenue accounting implications such as variable consideration, discounts, rebates, and multiple-element arrangements.
• Prepare and post monthly revenue journals, accruals, deferrals, and unbilled revenue adjustments, and maintain deferred revenue and contract balance roll-forwards.
• Own the revenue and receivables close at month-end, quarter-end, and year-end, including balance sheet reconciliations for all revenue-related accounts.
• Perform revenue variance analysis versus budget, forecast, and prior periods, and contribute to management reporting and statutory disclosures.
• Oversee billing accuracy, monitor AR ageing and expected credit loss provisions, and operate internal controls over the order-to-cash cycle.
• Act as the primary contact for auditors on revenue matters, support system and process improvements, and coach junior accountants.

Skills

Advanced Excel

Strong control mindset

Attention to detail

Deadline-driven

Effective communication

Education

Bachelor’s degree in Accounting/Finance

CPA/ACCA/CMA/CA (in progress or completed)

Tools

SAP

Oracle

Microsoft Dynamics

Job description

Al-Futtaim is seeking a Senior Financial Accountant to own the revenue close cycle and ensure IFRS 15 compliant recognition for customer contracts. You will collaborate with Sales, Operations, and Commercial teams to reflect contract terms in financial statements.

The role requires 4–6 years in accounting with at least 2 years in revenue accounting, and professional qualifications (CPA/ACCA/CMA/CA) preferred. Strong Excel and ERP system skills are essential.