Senior Financial Accountant | Al-Futtaim Automotive | BYD | Riyadh

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

The Senior Financial Accountant plays a vital role in the company’s financial operations, ensuring the accurate and timely recognition, recording, and reporting of revenue in compliance with IFRS 15 and internal policies. As the owner of the revenue close cycle, the Finance Senior collaborates with Sales, Operations, and Commercial teams to ensure that contract terms are correctly reflected in financial statements.

What You Will Do:

• 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.

Required Skills To Be Successful:

• Advanced Excel skills and working knowledge of ERP and billing systems such as SAP, Oracle, or Microsoft Dynamics.
• High attention to detail with a strong control mindset.
• Ability to manage tight deadlines during financial close cycles.
• Effective communication skills for explaining complex accounting matters to non-finance stakeholders.

What Qualifies You For The Role:

• Bachelor’s degree in Accounting, Finance, or a 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.