Senior Accountant

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

Job summary

Olayancareer is seeking a skilled finance professional to support Financial Controllers in closing activities, manage inventory controls, and ensure compliance with VAT regulations. Responsibilities include monitoring inventory movements, preparing financial reports, and liaising with authorities for VAT audits. Ideal candidates should have analytical skills and experience in finance.

Qualifications

• Experience in finance and accounting roles, particularly in inventory and VAT management.
• Familiarity with journal vouchers and financial statements preparation.
• Strong analytical skills with attention to detail.

Responsibilities

• Monitor and report inventory movements, including incoming/outgoing shipments.
• Review and propose accruals for monthly expenses.
• Prepare VAT returns and coordinate with GAZT for submission.

Skills

Inventory Control

Financial Reporting

VAT Regulations

Job description

Select how often (in days) to receive an alert: Create Alert

Sub Department: Finance and Accounting - Accounting & Controlling

Number of Openings: 1

Role Purpose

Supports Financial Controllers in monthly / yearly closing and maintain proper records of Inventory, Expense accruals and VAT with timely recording and monthly reporting.

Job Accountabilities & Activities

Inventory Control

- Monitor and report inventory movements including incoming and outgoing shipments, inter branch transfers, sales and purchase returns etc.

- Prepare report for inventory valuation, ageing and adjustments.

- Reconcile inventory ledger with General Ledger on monthly basis

Accruals and Prepayments

- Review and propose accruals on monthly basis for various types of expenses and their subsequent adjustment.

- Prepare schedule of prepayments and propose monthly vouchers for adjustments.

Month end activities

- Prepare Journal Vouchers for month end including accrual, provisions and adjustments.

- Prepare trial balance reconciliations for sub-ledgers with general ledgers

- Finalize the trial balance and prepare a set of Financial Statements for review of Financial Controller.

-Keep abreast with latest rules and regulations regarding VAT and prompt early action by Company.

-Prepare monthly reconciliation of Input VAT with purchasing reports.

-Prepare monthly reconciliation of Output VAT with sales reports.

-Prepare VAT return on monthly basis.

-Coordinate with GAZT for monthly return submission and subsequent queries.

-Support in provision of information and reports in VAT audits to be conducted by GAZT

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