Senior Accountant

Alliance Recruitment Agency; Riyadh; On-site; SAR 180,000 - 360,000; Full time

Job summary

Alliance Recruitment Agency in Riyadh is seeking a Finance Manager to lead financial reporting, budgeting, and compliance across the organization.

You will manage cash flow, audits, and cost control for operations, collaborating with senior management and external auditors.

Qualifications

• Note: qualifications not explicitly listed in the ad.

Responsibilities

• Prepare and present accurate financial statements including P&L, balance sheet, cash flow, aging and liabilities.
• Develop and manage annual budgets and forecasts to guide strategic decisions.
• Perform monthly bank reconciliations and resolve discrepancies with the general ledger.
• Comply with company policies and procedures; work on ODOO ERP system.
• Conduct in-depth financial analysis and provide insights to senior management.
• Monitor cash flow and liquidity for operations and investments.
• Ensure compliance with local and international financial regulations and reporting requirements.
• Identify financial risks and implement mitigation strategies.
• Implement cost control measures to optimize expenses.
• Coordinate external audits and liaise with auditors for documentation.
• Negotiate favorable terms with banks, vendors, and suppliers.
• Archive all business documents in the company archiving system.
• Attend departmental meetings and report on progress of assigned tasks.

Job description

Duties & Responsibilities:Your position encompasses the following responsibilities, but are not limited to, as additional tasksand assignments may be assigned if needed.

• 1.Financial Reporting:Preparation and presenting of accurate financial statements, including profit and loss statements,balance sheets, and cash flow statements, also include the aging and liabilities for the organization.
• 2.Budgeting and Forecasting:To develop and manage annual budgets, as well as provide financial forecasting to guide strategicdecision-making and track the budget and provide detailed monthly report.
• 3.Bank Reconciliations:Perform monthly bank reconciliations to ensure the accuracy of cash balances.Investigate and resolve discrepancies between bank records and general ledger.
• 4.Complying Company policies and procedures:You must comply with company policies and procedures; you will be working on ODOO for ERP system.
• 5.Financial Analysis:Conduct in-depth financial analysis, identifying trends, opportunities, and areas for improvement.Provide insights to senior management to support informed decision-making.
• 6.Cash Flow Management:Monitor cash flow and liquidity, ensuring the availability of funds for daily operations and strategicinvestments.
• 7.Compliance:Ensure compliance with local and international financial regulations, tax laws, and reportingrequirements.
• 8.Risk Management:Identify financial risks and implement risk mitigation strategies. Monitor market trends and economicdevelopments that may impact the company's finances.
• 9.Cost Control:Implement cost control measures to optimize expenses while maintaining the quality of productsand services.
• 10.Financial Audits:Coordinate and manage external audits, liaising with auditors to provide necessary documentationand ensure a smooth audit process.
• 11.Banks, Vendor and Supplier Relations:Negotiate favorable terms with Banks, vendors and suppliers to maximize cost savings and improvefinancial efficiency.
• 12.Archiving:You must properly archive all the business-related documents such as weekly or monthly reports,contracts, purchase orders, sales reports, financial reports etc. in their respective folders within thecompany's archiving system.
• 13.Attending Departmental meetings:You will have to attend meetings, preparing meeting agendas, and at every meeting you will have tosubmit detailed report on previous meeting assigned task completion.