Senior Manager, Accounting Operations (813)
Team Saudi
Date: 3 weeks ago
City: Riyadh
Contract type: Full time
Job Title: Senior Manager, Accounting Operations
- Job Purpose The Senior Manager, Accounting Operations is responsible for leading and managing the full spectrum of accounting functions across the organization. The role ensures accurate, timely, and compliant financial reporting, robust internal controls, and operational efficiency. This position focuses on standardizing accounting processes, developing the accounting team, and supporting the organization’s strategic objectives.
- Key Accountabilities
- Oversee day-to-day accounting activities across all functions, including general ledger, fixed assets, accounts payable, accounts receivable, revenue recognition, and inventory accounting.
- Ensure compliance with organizational policies, accounting standards and regulatory requirements.
- Streamline and optimize accounting processes to enhance efficiency and reduce operational risk.
- Review, validate, and approve journal entries, accruals, adjustments, and reclassifications.
- Lead month-end and year-end closing processes to ensure accuracy, completeness, and timeliness of financial statements.
- Reconcile key balance sheet accounts, including cash, intercompany, accruals, provisions, and fixed assets.
- Manage all aspects of asset accounting, including capitalization, depreciation, impairment, and disposals.
- Maintain accurate fixed asset registers and ensure compliance with accounting standards and tax regulations.
- Support internal and external audits of fixed assets.
- Ensure accurate processing of invoices, payments, and receipts.
- Oversee aging analysis, reconciliations, and resolution of discrepancies.
- Implement process improvements to strengthen financial control and operational efficiency.
- Ensure accurate revenue recognition in accordance with applicable accounting standards.
- Reconcile revenue accounts and monitor outstanding receivables.
- Collaborate with business units to resolve revenue-related issues.
- Oversee the recording and reconciliation of inventory and cost of goods sold.
- Support periodic inventory counts and valuation adjustments.
- Ensure compliance with accounting standards and internal policies.
- Design, implement, and monitor internal controls to safeguard assets and ensure reliable financial reporting.
- Facilitate internal and external audits by providing required documentation and addressing audit findings.
- Promote adherence to accounting policies, procedures, and regulatory requirements throughout the organization.
- Identify and assess financial and operational risks within accounting functions.
- Implement mitigation strategies and escalate significant issues with recommended solutions.
- Partner with finance, procurement, operations, and business units to ensure accurate and timely financial data.
- Support cross-functional projects and initiatives impacting accounting operations.
- Lead, mentor, and develop accounting teams to enhance performance, build capabilities, and ensure succession readiness.
- Foster a culture of continuous improvement, accountability, and adoption of best practices.
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