General Ledger Accountant

About Richemont

Richemont is a Switzerland-based luxury goods holding company, home to some of the world's leading Maisons in jewelry, watches, and writing instruments. Founded in 1988 by Johann Rupert, we are a family-spirited Group that values heritage and fosters untapped potential. At Richemont, you have the potential to be much more than your job title! Join our creative, ambitious, and diverse team and take a decisive step towards your career development in the luxury industry.

Role Overview

We are seeking a detail-oriented and highly motivated General Ledger Accountant to join our FC&R team in KSA. Reporting to the Senior General Ledger, you will play a crucial role in ensuring the efficient administration and compliance of our regular operations and reporting, adhering to Richemont’s finance policies, procedures, and international accounting standards. A key focus will be on treasury activities, continuous improvement, and establishing a culture of trust, compliance, and financial control.

Key Responsibilities

• Follow Richemont accounting policies, processes, and standard operating procedures.
• Ensure alignment with local laws and regulatory requirements (ZATCA, SAMA, MOC).
• Book accounting entries accurately and timely, in compliance with accounting standards.
• Provide accurate monthly reconciliations for transitory accounts, corporate cards, and procurement cards.
• Reconcile bank accounts to ensure data accuracy.
• Maintain and apply ICS controls.
• Post and reconcile intercompany transactions.
• Review and reconcile goods in transit.
• Process period-end adjustments (e.g., accruals, currency conversions).
• Maintain organized records and analysis.
• Provide clarification to FP&A and Finance operations regarding financial performance and accounting requirements.
• Manage communications with stakeholders (Boutiques, internal/external audit, ZATCA).
• Review payment runs and ensure ICS controls are applied.
• Respond to AP inquiries.
• Support local entity cash forecasting.
• Optimize and manage cash for working capital needs.
• Manage and control credit card issuance and usage.
• Maintain banking relationships and address queries.
• Review, calculate, and submit tax filings (VAT, WHT).
• Handle government Sadad payments and reconcile balances.
• Deliver operational tax support to Maisons.
• Manage tourist refund-related issues.
• Provide tax advice to the business and liaise with tax authorities and advisors.
  
  

Qualifications

• Bachelor’s degree in Accounting (highly preferable).
• 0-1 years’ experience in accounting and finance.
• Internship in the retail industry (advantageous).
• Knowledge of accounting department processes.
• Proficiency in Microsoft 365 tools (MS Teams, SharePoint).
  
  

Personal Attributes

• Effective communication and relationship-building skills.
• Presentation skills.
• Ability to work under pressure with multiple stakeholders.
• Adaptability to a fast-paced and changing environment.
• High attention to detail and accuracy.
• Proactive with strong time-management and organizational skills.
• Compliance mindset.
• High degree of credibility and integrity.
  
  

Work Environment & Culture

Richemont offers a great opportunity to work in a reputable and professional leading company in the luxury industry. We value diversity and provide a supportive environment for career development.