Senior Financial Accountant - Revenue Accounting

AlFuttaim; Riyadh; Presencial; SAR 200 000 - 340 000; Tempo integral

Resumo da oferta

Al-Futtaim Automotive is seeking a Senior Financial Accountant to join its Riyadh Finance team. The role focuses on revenue recognition under IFRS 15, maintaining robust controls, and delivering timely financial reporting.

You will own the revenue close cycle, work with Sales and Operations, and ensure accurate reflection of contract terms in the financials. Strong IFRS knowledge and ERP proficiency are essential.

Qualificações

• Bachelor's degree in Accounting, Finance or a related field.
• Professional accounting qualification such as CPA or ACCA is preferred.
• Minimum 4–6 years of accounting experience, with at least 2 years in revenue accounting.

Responsabilidades

• Ensure accurate revenue recognition under IFRS 15 and review customer contracts.
• Prepare and post monthly revenue journals and related adjustments.
• Manage revenue close cycle, reconciliations and reporting.
• Coordinate with Sales, Operations and Commercial teams on contract terms.
• Support financial statements and audit processes.
• Maintain internal controls over revenue recognition and billing.

Conhecimentos

Revenue accounting

IFRS 15

IFRS 9

Month-end close

Excel

ERP systems

Formação académica

Bachelor's in Accounting/Finance

CPA/ACCA (preferred)

Ferramentas

SAP

Oracle

Microsoft Dynamics

Descrição da oferta de emprego

Senior Financial Accountant - Revenue Accounting Job Snapshot

Role: Senior Financial Accountant - Location: Riyadh, Saudi Arabia - Industry: Automotive - Function: Accounting/Auditing - Experience: 4-6 years of accounting experience, including at least 2 years in revenue accounting - Job Type: Full Time - Work Arrangement: On-site

Position Overview

Al-Futtaim Automotive is seeking an experienced Senior Financial Accountant to join its Finance team in Riyadh, Saudi Arabia. The role is responsible for ensuring accurate and timely revenue recognition, accounting and financial reporting in accordance with International Financial Reporting Standards (IFRS), particularly IFRS 15, and the company 's internal accounting policies. The Senior Financial Accountant will take ownership of the revenue close cycle, working closely with Sales, Operations and Commercial teams to ensure customer contract terms are accurately reflected in the financial statements. Key responsibilities include reviewing revenue arrangements, preparing accounting entries, managing revenue-related reconciliations, monitoring billing and receivables, and providing financial insights through variance analysis and management reporting. The successful candidate will bring strong technical accounting knowledge, a disciplined approach to financial controls and the ability to manage competing priorities during month-end, quarter-end and year-end closing periods.

Job Details

• Country: Saudi Arabia
• City: Riyadh
• Industry: Automotive
• Function: Accounting/Auditing
• Salary: Not disclosed
• Gender: No Preference
• Candidate Nationality: Not specified
• Job Type: Full Time
• Work Arrangement: On-site

What You Will Do

Revenue Recognition and IFRS Compliance

• Apply IFRS 15 requirements to customer contracts to ensure accurate revenue recognition.
• Identify performance obligations within customer contracts and assess the appropriate accounting treatment.
• Allocate transaction prices to performance obligations in accordance with applicable accounting standards.
• Determine the appropriate timing of revenue recognition based on contractual terms.
• Review new and amended customer contracts to identify revenue accounting implications.
• Assess variable consideration, discounts, rebates and multiple-element arrangements.
• Ensure revenue transactions are recorded consistently with internal accounting policies and financial reporting requirements.
• Work with Sales, Operations and Commercial teams to clarify contract terms and resolve revenue accounting matters.

Revenue Accounting and Journal Entries

• Prepare and post monthly revenue accounting journals.
• Record revenue accruals, deferrals and unbilled revenue adjustments.
• Maintain accurate deferred revenue schedules and contract balance roll-forwards.
• Review revenue-related balances to ensure completeness and accuracy.
• Support appropriate accounting treatment of contract assets and liabilities.
• Maintain reliable accounting records and supporting documentation.
• Investigate discrepancies and prepare necessary adjustments in accordance with accounting requirements.

Financial Closing and Reconciliations

• Own the revenue and receivables closing activities at month-end, quarter-end and year-end.
• Ensure revenue-related accounting entries are completed accurately and within established deadlines.
• Prepare balance sheet reconciliations for revenue-related accounts.
• Review reconciliations and investigate outstanding differences.
• Maintain supporting schedules and documentation for financial close activities.
• Coordinate with relevant Finance and business teams to resolve closing issues.
• Support timely and accurate preparation of financial statements.
• Maintain strong financial controls throughout the closing process.

Revenue Analysis and Management Reporting

• Perform revenue variance analysis against approved budgets, forecasts and prior reporting periods.
• Investigate significant movements in revenue and related financial balances.
• Provide clear explanations of revenue performance and accounting adjustments.
• Contribute to management reporting and financial performance analysis.
• Prepare relevant revenue information for statutory financial statement disclosures.
• Communicate financial findings to Finance management and business stakeholders.
• Support informed financial decision-making through accurate reporting and analysis.

Billing, Receivables and Credit Risk

• Oversee billing accuracy to ensure invoices reflect relevant contractual terms.
• Monitor accounts receivable ageing and identify balances requiring further review.
• Review expected credit loss provisions in accordance with applicable accounting requirements.
• Apply relevant IFRS 9 principles when assessing receivables and credit loss provisions.
• Coordinate with relevant teams to investigate billing and receivables discrepancies.
• Support the accuracy and completeness of revenue and receivables balances.
• Maintain effective controls over the order-to-cash process.

Internal Controls and Financial Governance

• Operate and maintain internal controls over revenue recognition, billing and receivables.
• Ensure accounting activities comply with applicable IFRS requirements and company policies.
• Identify control weaknesses and opportunities to strengthen financial processes.
• Maintain appropriate supporting documentation for accounting entries and reconciliations.
• Support consistent application of accounting procedures across relevant business activities.
• Promote accurate financial reporting and effective risk management.
• Contribute to improvements in financial control and reporting practices.

Audit Coordination and Statutory Reporting

• Act as the primary point of contact for auditors on revenue accounting matters.
• Prepare relevant schedules, reconciliations and supporting documentation for audit reviews.
• Explain revenue recognition policies and accounting treatments to auditors.
• Respond to audit enquiries relating to revenue, receivables and contract balances.
• Support the preparation of statutory disclosures relating to revenue.
• Coordinate with internal stakeholders to resolve audit-related questions.
• Maintain clear and accurate documentation to support audit requirements.

Systems, Process Improvement and Team Development

• Use ERP and billing systems to support accurate revenue accounting and financial reporting.
• Identify opportunities to improve revenue accounting processes and reporting efficiency.
• Support improvements to financial systems, workflows and internal controls.
• Apply advanced Excel skills to accounting analysis, reconciliations and reporting.
• Work collaboratively with Finance, Sales, Operations and Commercial teams.
• Provide technical guidance and coaching to junior accountants.
• Share knowledge of accounting standards, financial controls and revenue reporting procedures.

What Qualifies You for the Role

Education

• Bachelor 's degree in Accounting, Finance or a related field.
• Professional accounting qualification such as CPA, ACCA, CMA or CA, either completed or in progress.

Professional Experience

• 4-6 years of accounting experience.
• At least 2 years of experience specifically in revenue accounting.
• Hands-on experience applying IFRS 15 and IFRS 9.
• Experience working in a complex, multi-product or multi-entity business environment.
• Practical knowledge of financial closing, reconciliations and revenue reporting.
• Experience reviewing customer contracts and assessing revenue recognition requirements.
• Big 4 audit experience is an advantage.

Technical Accounting Knowledge

• Strong understanding of IFRS 15 revenue recognition principles.
• Practical knowledge of performance obligations, transaction price allocation and revenue recognition timing.
• Understanding of variable consideration, discounts, rebates and multiple-element arrangements.
• Knowledge of revenue accruals, deferrals and unbilled revenue accounting.
• Experience preparing deferred revenue and contract balance reconciliations.
• Understanding of IFRS 9 requirements relevant to receivables and expected credit losses.
• Knowledge of billing controls and order-to-cash accounting processes.
• Ability to support statutory reporting and external audit requirements.

Systems and Financial Reporting Skills

• Advanced Microsoft Excel skills.
• Working knowledge of ERP and billing systems.
• Familiarity with systems such as SAP, Oracle or Microsoft Dynamics.
• Ability to prepare accurate accounting schedules, reconciliations and financial reports.
• Strong analytical skills for investigating revenue movements and financial variances.
• Ability to manage accounting information across complex business operations.

Required Skills and Competencies

• Strong technical accounting and financial reporting capabilities.
• High attention to detail and commitment to accuracy.
• Strong financial control and compliance mindset.
• Ability to manage tight deadlines during financial closing periods.
• Effective organizational and prioritization skills.
• Strong analytical and problem-solving abilities.
• Excellent communication and stakeholder coordination skills.
• Ability to explain complex accounting matters to non-finance colleagues.
• Confidence when working with auditors and internal business teams.
• Ability to manage multiple responsibilities while maintaining reporting quality.
• Collaborative approach to working with Sales, Operations, Commercial and Finance teams.
• Willingness to support process improvements and coach junior accountants.

What Success Looks Like

Success in this position requires accurate revenue recognition, timely completion of financial close activities and effective management of revenue-related accounting controls. The Senior Financial Accountant will contribute to reliable financial statements by ensuring customer contracts are assessed correctly, revenue balances are reconciled and accounting treatments comply with applicable IFRS requirements. The role also supports financial transparency through meaningful variance analysis, effective audit coordination and continuous improvement of revenue accounting processes.

About Al-Futtaim Automotive

Al-Futtaim Automotive is one of the region 's leading mobility businesses, operating across eight countries in the Middle East, Asia and North Africa. With a portfolio of more than 25 international brands, the business provides mobility solutions covering passenger vehicles, commercial vehicles and industrial equipment. Its operations are supported by integrated logistics, leasing, aftersales and financial services, providing customers with a comprehensive mobility experience. Al-Futtaim Automotive focuses on innovation, digital transformation and customer experience while working with international automotive brands to meet the evolving needs of individuals, businesses and communities. The business is supported by more than 9,000 colleagues working across its automotive operations.

About Al-Futtaim Group

Established in the 1930s and headquartered in Dubai, Al-Futtaim is one of the region 's diversified privately held business groups. Operating across more than 20 countries, the Group has business interests in automotive, financial services, real estate, retail and healthcare. With more than 40,000 employees, Al-Futtaim represents over 200 international brands, including Toyota, Lexus, IKEA, ACE and Marks Spencer.