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Accountant

4 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia adidas Full time

Purpose & Overall Relevance for the Organisation:

Secures financial operations by monitoring and processing financial data, controlling and reporting, ensuring accounting records and documentation compliant internally (Group Policies and Guidelines/GFM) and externally (Tax Requirements).

Key Responsibilities:

  • Ensure error-free day-to-day bookkeeping with maximum precision of operating expenses, accounts payable, accounts receivable, general ledger, and taxes in accordance with Group Finance Manual and Local GAAP. Close the accounts at month-end and solve related problems.
  • Compile and analyze financial information to prepare entries to general ledger accounts, cost centers and document business transactions.
  • Meet accounting financial standards (IFRS and Local GAAP "SOCPA") by monitoring expenditures; identifying variances; implementing corrective actions.
  • Follow up and accurately prepare accruals and provisions.
  • Meet the set timelines of the Accounting Team Manager for the month-end closing process by performing and supporting in month-end closing activity & smart close management.
  • Monitor and reconcile the monthly balance sheet reconciliation.
  • Manage fixed assets (creation, booking, disposal, depreciation and tagging), CAPEX tracking and physical count overview.
  • Follow up all rent contracts and align with the Real Estate team to ensure accuracy of lease master data (IFRS 16).
  • Reconcile accounting records with different related parties.
  • Ensure that all Corporation Tax Computations, VAT Returns, Other Taxes, Tax Reporting and Transfer Pricing are performed timely and accurately with the help of external advisors where agreed. Ensure that calculations and assumptions are appropriate and in line with our tax strategy. Ensure that all computations are submitted on time; and all payments are made timely.
  • Proactively inform the Accounting Manager, Sr. Manager Finance and Group Taxes of any change in tax regulation to support fast and efficient business decision making.
  • Handle ad-hoc general accounting processes, analysis and projects as requested.
  • Work with both internal and external auditors during financial and operational audits.

Controlling:

  • Measure progress on own & team KPIs.
  • Monitor all allocated reports.
  • Ensure adherence to group accounting policies and procedures.

KPI's:

  • Data Accuracy
  • Policy Enforcement
  • Time Management

Key Relationships:

  • All local departments
  • FP&A Team

Knowledge, Skills and Abilities:

  • Outlook: intermediate
  • Word: intermediate
  • Excel: advanced
  • PowerPoint: basic
  • SAP: intermediate experience is preferred

English (written and verbal)

Arabic (written and verbal)

Requisite Education and Experience / Minimum Qualifications:

  • Bachelor's degree in accounting, preferably CPA, ACCA or CA.
  • Ideally with a qualified accounting/audit background
  • 4+ years of accounting experience
  • Experience in team management

AT ADIDAS WE HAVE A WINNING CULTURE. BUT TO WIN, PHYSICAL POWER IS NOT ENOUGH. JUST LIKE ATHLETES, OUR EMPLOYEES NEED MENTAL STRENGTH IN THEIR GAME. WE FOSTER THE ATHLETE'S MINDSET THROUGH A SET OF BEHAVIORS THAT WE WANT TO ENABLE AND DEVELOP IN OUR PEOPLE AND THAT ARE AT THE CORE OF OUR UNIQUE COMPANY CULTURE: THIS IS HOW WE WIN WHILE PLAYING FAIR.

  • COURAGE: Speak up when you see an opportunity; step up when you see a need.
  • OWNERSHIP: Pick up the ball. Be proactive, take responsibility and follow-through.
  • INNOVATION: Elevate to win. Be curious, test and learn new and better ways of doing things.
  • TEAMPLAY: Win together. Work collaboratively and cultivate a shared mindset.
  • INTEGRITY: Play by the rules. Hold yourself and others accountable to our company's standards.
  • RESPECT: Value all players. Display empathy, be inclusive and show dignity to all.

adidas celebrates diversity, supports inclusiveness and encourages individual expression in our workplace. We do not tolerate harassment or discrimination toward any of our applicants or employees. We are an Equal Opportunity Employer.

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