Chief Accountant
2 weeks ago
Position:
Chief Accountant
Reports To:
Chief Executive Officer (CEO)
Location:
Group Company Head Office, Dammam / Riyadh
Region:
UAE, KSA, Bahrain, and Oman
Industry:
Building Materials, Hardware, Construction Materials, Steel and Aluminium Manufacturing, and Industrial Products
Summary:
As the Chief Accountant, you will be the head of the accounting department, overseeing all accounting activities for the group company across its regional branches.
Key Duties and Responsibilities:
- Prepare accurate and timely financial statements in compliance with international accounting standards and local regulations.
- Ensure the consolidation of financial reports for the group company accurately reflects the company's financial status.
- Coordinate with external auditors in the auditing process and ensure that all auditrelated issues are resolved promptly.
- Assist in preparing the annual budget and periodic financial forecasts.
- Monitor actual performance against budget, analyzing variances, and providing recommendations for financial improvement.
- Develop and implement internal accounting policies and controls to ensure the integrity of all financial transactions.
- Monitor internal controls to ensure compliance and to safeguard company assets.
- Oversee the proper filing of all required tax returns and ensure timely payment of all taxes in each region where the company operates.
- Stay updated on changes in tax regulations and advise management on the tax implications of business decisions.
- Oversee cash flow planning and ensure availability of funds as needed.
- Manage the relationship with banks and other financial institutions.
- Provide leadership, mentorship, and direction to the accounting team.
- Conduct performance appraisals, promote professional development, and ensure the accounting team is aligned with the company's goals.
- Continually review and improve accounting processes and procedures to enhance efficiency and accuracy.
- Implement new accounting systems and software as needed for better financial management.
- Liaison with regional financial controllers to ensure standard accounting practices across all branches.
- Ensure that all intercompany transactions are recorded properly and reconciliations are performed regularly.
- Communicate financial results and issues to senior management effectively.
- Work with department heads to provide financial insights and analysis to support business decisionmaking.
Qualifications:
- Bachelor's degree in Accounting & Finance, Master's degree and CA preferred.
- Extensive experience in accounting, preferably in the building materials, manufacturing, or industrial sector.
- Proficient in ERP systems and Excel.
- Strong understanding of IFRS, GAAP, and local financial regulations.
- Excellent leadership, communication, and organizational skills.
- Minimum ten years experience in relevant position.
Personal Attributes:
- Attention to detail and precision in financial reporting.
- Ability to handle high levels of confidentiality and sensitivity regarding company information.
- Strong analytical and problemsolving skills.
- Ability to work under pressure and meet tight deadlines.
Salary:
From ریال4,000.00 per month
Ability to Commute:
- Dammam (required)
Ability to Relocate:
- Dammam: Relocate before starting work (required)
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