Senior Accountant

3 weeks ago

Riyad Al Khabra, Saudi Arabia Foodics Full time

Who Are We

We Are Foodics A leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarters in Riyadh and offices across 5 countries, including UAE, Egypt, Jordan, and Kuwait. We are currently serving customers and partners in over 35 different countries worldwide. Our innovative products have successfully processed over 6 billion (yes, billion with a B) orders so far, making Foodics one of the most rapidly evolving SaaS companies to ever emerge from the MENA region. Foodics has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, boosting its innovation capabilities to better serve business owners.

The Job in a Nutshell
We are seeking a highly skilled Senior Accountant with a strong background in financial reporting, revenue recognition, and compliance, particularly within the Software-as-a-Service (SaaS) industry. The ideal candidate will have 5+ years of experience in accounting, with expertise in SaaS financial operations. This role requires strong analytical skills, attention to detail, and a deep understanding of accounting principles to support financial planning, audits, and operational efficiency.

What Will You Do

Financial Reporting & Compliance:

  • Manage and oversee daily operations of the accounting department, including AP, AR, and bank reconciliations.
  • Maintain and reconcile general ledger accounts.
  • Prepare and review financial statements in compliance with IFRS/GAAP.
  • Assist in month-end and year-end closing processes, ensuring timely and accurate financial reporting.
  • Maintain compliance with local tax laws and regulations, including VAT, income tax, and any relevant financial policies.

Revenue & Subscription Accounting:

  • Oversee subscription billing cycles, deferred revenue, and recurring revenue reporting.
  • Monitor customer contracts, invoicing, and revenue recognition, ensuring alignment with SaaS industry standards.
  • Reconcile deferred revenue schedules and ensure accurate ARR (Annual Recurring Revenue) and MRR (Monthly Recurring Revenue) calculations.

Financial Analysis & Process Improvement:

  • Support budgeting and financial planning for SaaS revenue streams.
  • Identify and implement process improvements to enhance efficiency in financial operations.

Audit & Internal Controls:

  • Assist in internal and external audits, providing necessary documentation and insights.
  • Maintain strong internal controls to safeguard company assets and financial integrity.
  • Develop and implement best practices in financial operations and reporting.

What Are We Looking For

  • Bachelor's degree in Accounting, Finance, or a related field (CPA, CMA, or ACCA certification is a plus).
  • 3-5 years of accounting experience, including 1-2 years in a SaaS or subscription-based business.
  • Strong understanding of GAAP/IFRS.
  • Experience with accounting software, preferably NetSuite.
  • Experience with subscription billing systems, preferably Salesforce.
  • Advanced skills in Excel and financial modeling.
  • Proficiency in English (both written and spoken).
  • Excellent analytical, problem-solving, and communication skills.
  • Strong attention to detail and ability to work in a fast-paced, dynamic environment.

Preferred Skills:

  • Experience working with SaaS KPIs such as CAC, LTV, Churn Rate, and Expansion Revenue.
  • Familiarity with tax regulations for SaaS businesses.
  • Knowledge of automation tools and process optimization in accounting.
  • Experience in a multinational company or a similar environment.

What We Offer You

We believe you will love working at Foodics

  • We offer highly competitive compensation packages, including bonuses and the potential for shares.
  • We prioritize personal development and offer regular training and an annual learning stipend to tackle new challenges and grow your career in a hyper-growth environment.
  • Join a talented team of over 30 nationalities working in 14 countries, and gain valuable experience in an exciting industry.
  • We offer autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company.
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