Senior Accountant

3 days ago

Jeddah, Makkah Province, Saudi Arabia STADA Emerging Markets Full time

The Senior Accountant will manage various financial operations within the KSA cluster, ensuring accuracy and compliance with accounting standards. This role will involve handling Accounts Receivable (AR) and Accounts Payable (AP) entries, assisting with budgeting and forecasting, supporting audits, and overseeing daily financial updates. The successful candidate will also play a key role in monthly closing procedures, variance analysis, and maintaining financial records in line with company policies and industry regulations.

Responsibilities

Accounts Receivable (AR) and Accounts Payable (AP) Management:

  • Post all Accounts Receivable (AR) and Accounts Payable (AP) transactions accurately in the SAP B1 accounting system, including accruals and prepayments.
  • Ensure timely and accurate processing of invoices, payments, and receipts.

Reviewing Financial Transactions:

  • Review customer sales deductions to ensure accuracy and compliance with contracts and agreements.
  • Review staff expenses and vendor invoices, ensuring adherence to internal policies.

Audit Support:

  • Assist in preparing and submitting all audit requirements for both internal and external audits.
  • Work closely with auditors to provide necessary documentation and clarification for audit procedures.

Budget and Expense Control:

  • Prepare and support the control and forecasting of departmental expenses and budgets.
  • Assist in the preparation of OPEX variance analysis, comparing budgeted vs. actual expenses.

Cash and Liquidity Management:

  • Monitor and manage daily cash flow and liquidity to ensure operational requirements are met.
  • Provide financial reporting and analysis related to cash flow management.

Monthly Closing and Reconciliations:

  • Support the monthly closing process, ensuring that all financial transactions are recorded accurately.
  • Conduct monthly reconciliations of accounts and resolve any discrepancies.

Administrative Support:

  • Provide administrative support in the finance department, including the filing and maintaining of financial vouchers and records in an organized manner.

Exchange Rate Updates:

  • Responsible for the daily update of the exchange rate in the local SAP system to ensure accurate financial reporting.

Compliance and Reporting:

  • Monitor and escalate any deviations in financial compliance to the Finance Manager.
  • Propose corrective actions and solutions for financial discrepancies and non-compliance.

Qualifications

Education:

  • Bachelor's degree in accounting, Finance, or a related field.
  • Professional accounting certification (e.g., CPA, ACCA) is a plus.

Experience:

  • Minimum of 5 years of experience in accounting, with at least 2 years in a senior accounting role.
  • Strong experience with SAP B1 or similar ERP accounting systems.
  • Experience in financial reporting, budgeting, and forecasting.
  • Knowledge of Saudi Arabia's financial regulations and accounting standards is preferred.

Skills:

  • Strong proficiency in Microsoft Excel and other accounting tools.
  • Detail-oriented with strong analytical skills.
  • Good organizational and time management skills to handle multiple tasks simultaneously.
  • Ability to work independently and as part of a team in a fast-paced environment.
  • Strong communication skills, both written and verbal, in English and Arabic is preferred.
Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Accounting/Auditing

Industries

Pharmaceutical Manufacturing

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