Accounting Jobs

The Director - Accounting & Operations role holder is responsible for heading the Accounting & Operations function. Co-develops and manages accounting policies, procedures, and standards; and manages all the transactional accounting processes and procedures, statutory reporting processes and procedures, and tax, Zakat, and other related activities end-to-end.

• Develop the Accounting & Operations objectives and scorecard in alignment with the unit objectives and score card to ensure achieving the organization overall objectives.

• SEVEN’s representative with internal and external audit to ensure compliance with external standards and SEVEN policies. Maintain good working relationships with the key stakeholders within and outside the SEVEN including QIC group finance.

• Develop Accounting & Operations policies and procedures and monitor implementation to ensure achieving function’s operational excellence
• Direct Accounting & Operations day-to-day operations to ensure compliance with approved policies & procedures.

• Direct employee performance management processes within Accounting & Operations in alignment with the HR policies and procedures to ensure continuous improvement for employees’ performance.
• Direct performance evaluation process and validate its results within Accounting & Operations in alignment with HR policies & procedures to ensure appropriate and fair evaluation for Accounting & Operations employees.

• Direct all accounts payable activities with outsource partners
• Direct the recording and management of advance payments and prepaid expenses, ensuring proper validation of recording invoices and balance confirmation with the vendors
• Direct the recording and management of petty cash and corporate credit cards records
• Direct the process of entry and reconciliation, ensuring the accuracy of Accounts Payable transactions and ongoing integrity to (GL) as per the organization’s policies
• Direct the management of invoice aging reports
• Direct the periodic review and variance analysis to detect deviations and unusual operations
• Direct the payroll transactions, and ensure accurate reflection by validating the accuracy of accounting entries for payroll, and ensuring salaries, benefits, and pensions payments are generated on time

• Direct the development and implementation process of accounting and book-keeping systems
• Direct the development and maintenance of cost centers in ERP module in alignment with SEVEN’s organization structure
• Direct monthly closing of books and accounts on time
• Direct the development and maintenance of the annual coding plan which defines the relations between all account structures
• Direct the development and maintenance of SEVEN’s chart of accounts in line with financial policies and procedures
• Direct the development and maintenance of General Ledger (GL) system setup and administration of IT systems security rules and cross validation rules
• Direct the analysis and evaluation of recording of all financial transactions, journal entries, and postings to ledgers for accuracy, completeness, and ensure strict compliance with laws, rules and accounting policies and procedures on a continuous basis
• Direct the reconciliation activities with other system modules
• Direct the preparation of detailed instructions for the monthly, quarterly, and year-end closing for all divisions / functions and monitoring of closing process in coordination with financial control unit
• Direct the preparation of monthly, quarterly and annual pre-closing financials outlook to provide any necessary flags to the management to take proper action(s) as well as to assess movements and trends for standalone and consolidated financial statements

• Direct the process of preparation, recording, and verification of accounts receivable documentation to maintain accuracy at all times
• Direct the revenue function and business units to follow applicable revenue policies and guidelines
• Direct the process of entry and reconciliation, ensuring all revenues are billed and quality service rendered to both internal and external stakeholders
• Direct all financial transactions needed for commercial promotions, discounts and commissions.
• Direct the preparation of aging report and recording of allowance journal entry

• Direct the development and implementation of the assets reporting framework in line with applicable laws and regulations
• Direct the registration of assets and ensure that depreciation is charged on all the assets in compliance with the approved policy on a monthly basis
• Direct the assessment and definition of all new products and services and ensure proper readiness systems & reporting tools are in place
• Direct all activities related to fixed assets management, encompassing the assets life cycle through addition, disposals, and transferring thereof in the fixed asset module (Monitoring CWIP)
• Direct the technical and financial review of assets disposal and provision of requisite feedback for the disposal decision
• Direct the development of reports for reference and updates regarding fixed assets

• Direct the coordination with financial control and statutory auditors for timely completion of annual and quarterly audits to meet legislative and reporting requirements
• Direct guidance on Saudi legislations and guidelines related to tax and zakat and development of suitable strategy recommendations (including developing strategies for minimizing SEVEN’s tax burden, if applicable)
• Direct the development and streamlining of procedures and worksheets for calculation of SEVEN’s taxes and zakat, and provision of support to the Financial Control team in developing needed reports and managing relations with local authorities (e.g., GAZT, etc.)
• Direct the development of an overall insurance strategy including Risks to be insured against and Placement strategy
• Direct all required internal policies and procedures that govern all the activities associated with insurance

• Bachelor’s degree in finance, Accounting or equivalent as a minimum.
• Master’s degree in finance, Accounting, or equivalent is preferred.

• Professional certificate in Finance or Accounting certification (i.e. E.g. CPA, SOCPA, CFA, CFP).

• 12 years of relevant experience with at least 7 years in a management role.
• Experience in Accounting & Operations and Accounting Standards (IFRS, SOCPA, etc.) in multiple sectors (government, private, semi-government) is preferred