Chief Accountant

Job Purpose:

Oversee and manage the financial accounting processes, ensuring that financial records are accurate and compliant with regulatory standards. lead the accounting team in managing general ledger activities, month-end closings, audits, and financial analysis to support strategic decision-making.

Key Accountabilities

Manage GL activities:

• Custodian of GL & Chart of accounts mapping.
• Accurate monthly Financial Booking.
• Accurately manage, post, & verify all GL related entries.
• Review of changes to company chart of accounts and ensure accurate implementation, alignment with financial reporting requirements and proper documentation of approvals from relevant stakeholders prior to activation in the system.
• Ensure ZATCA regulations are applied and filed with coordination with the Tax consultant.

Manage P2P activities:

• Ensure Compliance with the company & Group P2P policy.
• Manage the Vendor/ Payables Master file.
• Support FSS to track & reconcile GRIR report on monthly basis and follow up on the outstanding.
• Following up for discrepancies with vendors in coordination with the ordering department and provide management with business related issues.
• Coordinates with FSS to ensure accurate booking & smooth payment process to vendors.
• Ensure implementation of proper internal controls and perform quarterly testing to validate effectiveness.

Financial Reporting:

• Prepare and analyze monthly, quarterly, and annual financial statements.
• Upload financials to COGNOS reporting tool and ensure no reconciling items.
• Ensure compliance with accounting standards (GAAP/IFRS).
• Conduct account reconciliations and ensure variances are cleared timely.
• Provide financial insights and recommendations to senior management.
• Regular update of Process Governance & process map in compliance with the internal controls.
• Conduct quarterly testing of internal controls and ensure effective control environment.
• Meeting Reporting Deadlines.
• Support in the preparation of BSR through communication with finance team and then presentation to management on a quarterly basis.

Manage Payroll & ERC activities:

• Ensure Compliance with the company & Group Employee Related Costs policy.
• Manage & Track company Payroll and employee Related costs on an accurate & timely manner including:
• Review Payroll posting run created by HR.
• Coordinate with HR in respect of Employees deductions.
• Ensure proper accruals for (Vacations, EOSE, Tickets, Bonuses, …,etc).

Manage Cash & Banks activities:

• Ensure Compliance of treasury policy.
• Supporting Treasury Department with treasury activities of reporting, validation, Hedge, FX deals.
• Review Banks positions & Reconciliations. Ensure allocation of funds to meet business requirements.
• Review Petty Cash position & reimbursement.

Communications & Working Relationships:

Internal: All operation department

External: All relationships are relevant

Qualification

Bachelor's degree in accounting or related field

Experience

• 8-10 Years
• Strong accounting and manufacturing experience
• Good knowledge on ERPs (SAP).
• Understanding of Saudi Laws & Regulations.

Skills:

Personal Skills :

• Fluency in English & Arabic is essential
• Good communication and interpersonal skills
• Attention to Detail
• Analytical Thinking
• Time Management
• Problem-Solving
• Integrity and Ethics

Professional Skills:

Accounting Knowledge:

Strong understanding of accounting principles, practices, and standards.

Financial Reporting:

Knowledge in preparing and presenting financial statements and reports.

Tax Compliance:

Knowledge of tax regulations and preparation to ensure compliance and optimize tax liabilities.

Regulatory Compliance:

Familiarity with laws and regulations governing financial practices.