Senior Accountant

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

Job summary

A leading company in Riyadh seeks a Financial Manager to oversee financial and cost accounting activities. The role includes managing budgets, forecasts, and ensuring compliance with internal controls. Ideal candidates will have a Bachelor's degree in accounting and over 6 years of relevant experience.

Qualifications

• Bachelor's degree in accounting or related field.
• 6+ years experience in the accounting field.

Responsibilities

• Manage financial and cost accounting activities including accounts receivable and payable.
• Supervise daily finance operations and ensure accurate record-keeping.
• Produce timely financial statements and manage cash flow.

Skills

Financial Management

Cost Accounting

Budgeting

Forecasting

Financial Reporting

Education

Bachelor's degree in accounting or related field

Job description

Employment:Full Time

Overview

The role involves managing a comprehensive range of financial and cost accounting activities, ensuring adherence to company policies and effective financial control.

Responsibilities

• Manage a comprehensive range of financial and cost accounting activities, including accounts receivable, accounts payable, general ledger, forecasting, and budgeting.
• Input sales invoices, purchase invoices, journal vouchers (JVs), and bank transactions into the ERP system.
• Confirm that purchase orders (POs) align with the budget to maintain financial control and adherence to company policies.
• Generate weekly reports on costs and cash expenditures for management review.
• Supervise daily finance and accounting operations, ensuring efficient processes and precise record-keeping.
• Conduct monthly bank reconciliations to verify the accuracy of financial records.
• Process payroll payments through the banking system; validate and execute payments for vendors, governmental fees, and other transactions.
• Coordinate with the bank account manager to obtain necessary documents, confirmations, and address banking inquiries.
• Complete a full set of accounts and ensure timely monthly and annual account closures.
• Execute project cost forecasts and budgets, including cost monitoring, tracking, and controls.
• Produce timely monthly financial statements, payment reports, and insights for effective cash flow management.
• Review and authorize payment vouchers and journal entries to ensure compliance and accuracy.
• Oversee cash flow forecasting and budgeting, working closely with operations and project teams to align financial objectives.
• Assist the Finance Manager in ensuring that cost allocations adhere to management agreements and transfer pricing guidelines.
• Work collaboratively with various departments to identify and implement initiatives for cost reduction.
• Reconcile accounts and efficiently resolve discrepancies to ensure accurate financial data.
• Uphold strong accounting policies and procedures, ensuring compliance with internal controls.
• Facilitate annual audits and act as a point of contact for external auditors throughout the audit process.
• Ensure adherence to tax regulations and assist with tax filing preparations, including uploads to the ZATCA Portal (WHT and VAT).
• Contribute to the development of financial proposals for projects, ensuring they align with budgetary constraints and organizational goals.

Qualifications

• Bachelor's degree in accounting or any related field.
• 6+ years experience in the accounting field.