Senior Accountant

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

Job summary

An established industry player in Saudi Arabia is seeking a skilled finance professional to oversee the day-to-day financial operations of multiple companies. This role involves preparing and reviewing financial statements, managing cash flows, and ensuring compliance with accounting policies. The ideal candidate will have a strong background in finance or accounting, with proficiency in Oracle ERP systems and advanced skills in spreadsheet design. Join a dynamic team where your expertise will contribute to the financial health and success of the organization, and take your career to the next level in a supportive and innovative environment.

Qualifications

• 5+ years of experience in finance/accounting roles with strong Oracle ERP knowledge.
• Bachelor's degree in Finance/Accounting or equivalent professional qualification.

Responsibilities

• Manage day-to-day finance operations for four companies, ensuring compliance with policies.
• Prepare and review financial statements, cash flow forecasts, and VAT returns.

Skills

Accounting Policies

Financial Reporting

Oracle ERP Systems

Cash Flow Management

VAT Compliance

Spreadsheet Design

Education

Bachelor’s degree in Finance/Accounting

Professional finance qualification (ACA, ACCA, CIMA)

Tools

Oracle GL

Microsoft Office Applications

Job description

Company Description

Gulf Business Solutions (GBS) is the leading information and technology solutions provider in the kingdom of Saudi Arabia. Since we started as a business more than thirty years ago, we have grown to an enterprise supported by over five hundred employees, with a rich portfolio of products and services ranging from printing systems to end-to-end digital transformation solutions. GBS enables organizations and businesses in their journey to a digitalized business environment with cutting edge Information and Technology Solutions. We source and select only the most advanced products and solutions through the many strategic partnerships we’ve developed over the years with some of the world’s leading technology companies. GBS represents GCG-Enterprise Solutions and CNS Middle East, operating as an umbrella company for both brands in KSA.

Job Description

• Responsible for four companies' day-to-day finance and accounts operations in line with Group Accounting Policies, procedures, and approval matrix.
• Responsible for timely monthly standalone & consolidated financial statements and management report preparation.

Handle month-end closing activities and reports. Ensure all transactions are recorded according to accounting policies and procedures and that the book of accounts is properly closed.

• Prepare/Review the period-end journal entries in Oracle GL.
• Review of reconciliations and GL schedules as per the closing calendar.
• Create Fixed assets/Depreciation in Oracle.
• Preparation/Review of Financial statements and Management reports as per the monthly closing calendar.
• Preparation of monthly cash flow statements with forecasts.

Prepare/Review supplier invoices/payments and payroll.

• Review of supplier/related party invoice accounting and its payments as and when due.
• Checking of payroll and WPS – facilitate the release of salary one day before the scheduled day each month.

Prepare/Review and follow up on Accounts Receivables.

• Prepare the related party Invoices for the shared service cost recharges.
• Reconciliation of balances with related parties and follow-up on AR with associated parties.

Review the VAT return report.

• Prepare/Review the VAT return report on a quarterly basis for the companies due in that month and make the VAT payment before the due date.

Review and record all investment-related transactions in Oracle.

• Review and record all the transactions made by the investment department in Oracle (Buy/Sell/ Contribution/Distribution/Dividends, etc.).
• Reconcile the custody/broker account balances with investment books.

Prepare/Assist/Review the daily/monthly investment reports.

• Prepare the investment report to show the holdings and NAV with growth performance.
• Assisting in budget preparation and schedules.
• Prepare bank reconciliation statements for every month.

Managing external and internal auditors

• Handling external and internal auditors as and when audit starts.

Qualifications

• Bachelor’s degree in Finance/Accounting or equivalent professional finance qualification such as ACA, ACCA, CIMA, or equivalent.
• Minimum 5 years of experience.
• Strong knowledge of Oracle ERP systems.

Additional Information

• Proficiency in Microsoft Office Applications, specifically MS Word, & MS Excel.
• Proven ability with complex spreadsheet design and formatting.
• Knowledge of fund accounting or investment accounting packages is an asset.
• Fluency in ERP systems like Oracle.