Chief Accountant

Description

Tuwaiq Casting & Forging is seeking a detail-oriented Chief Accountant – Manufacturing, Revenue & Asset Accounting to join the Financial Accounting Department. Reporting to the Financial Accounting Manager, this role is responsible for managing manufacturing, inventory, revenue, lease and fixed asset accounting, ensuring accurate production costs, asset records, revenue recognition and operational subledger reconciliations.

Key Responsibilities

Manufacturing, Inventory & Cost Accounting

• Manage WIP, COGS, production costs, overhead absorption, manufacturing variances, product costing and standard cost roll-ups
• Manage inventory valuation, reconciliation, provisions, obsolescence and net realisable value (NRV) assessments
• Coordinate physical inventory counts, validate results, reconcile differences and record approved adjustments
• Oversee MES-to-ERP Finance integration, transaction integrity and reconciliation
• Coordinate inventory receipt and GRNI reconciliations with the Accounts Payable function.
  
  

Revenue & Receivables

• Manage sales and revenue recognition, customer invoicing, credit notes and related GL reconciliations
• Manage accounts receivable, customer advances, contract liabilities and customer balance reconciliations.
  
  

Fixed Assets, Leases & CapEx

• Manage fixed assets, asset registers, depreciation, transfers, disposals and reconciliation
• Manage assets under construction, project accounting, capitalisation, ERP asset creation and CapEx versus OpEx assessment
• Coordinate physical fixed asset verification, reconcile differences and account for approved adjustments
• Manage right-of-use (ROU) assets, IFRS 16 lease liabilities, related interest, depreciation and reconciliations.
  
  

Closing, Controls & Audit Support

• Close and reconcile assigned manufacturing, inventory, revenue, AR, lease and asset accounts
• Support audit and IFRS compliance.
  
  

Requirements

Education

• Bachelor's degree in Accounting, Finance or a related field.
  
  

Experience

• 5–7 years of relevant accounting experience, preferably in manufacturing or capital-intensive industries.
  
  

Technical Competencies

• Strong knowledge of IFRS, manufacturing and inventory accounting, costing, revenue recognition, leases and fixed assets
• Experience with ERP manufacturing modules and MES integration; Microsoft Dynamics 365 Finance & Operations preferred.
  
  

Behavioural Competencies

• Strong analytical, reconciliation, internal control, communication and cross-functional coordination skills.