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Senior Accountant

1 month ago

Riyadh, Saudi Arabia FAMA Technologies Full time

Senior Accountant - Kingdom of Saudi Arabia (KSA)

**Position Overview**:
**Responsibilities**:
Ø Manage the end-to-end accounts receivable process, from generating invoices to monitoring collections and resolving outstanding payments.

Ø Collaborate with sales and customer service teams to address customer inquiries and discrepancies, ensuring timely and accurate revenue recognition.

Ø Oversee the accounts payable function, including invoice processing, payment scheduling, and vendor relationship management.

Ø Ensure compliance with payment terms, accuracy of expense reports, and resolution of payment discrepancies.

Ø Conduct regular reconciliations of general ledger accounts to maintain the accuracy and integrity of financial data.

Ø Investigate and resolve discrepancies, and provide clear explanations for adjustments made.

Ø Monitor company expenses and implement effective cost control measures to optimize spending.

Ø Analyze cost of goods sold (COGS) to align with production and sales activities, identifying areas for improvement.

Ø Track and analyze COGS data, providing detailed reports on trends and insights to guide decision-making.

Ø Collaborate with relevant teams to streamline processes and enhance profitability.

Ø Perform regular cash and bank reconciliations, ensuring consistency between financial records and bank statements.

Ø Investigate discrepancies and maintain comprehensive documentation for audit purposes.

Ø Validate and verify payroll transactions to ensure accurate processing of employee salaries, benefits, and deductions.

Ø Collaborate with HR and finance teams to ensure compliance with payroll regulations and reporting requirements.

Ø Generate comprehensive management reports that provide insights into financial performance, highlighting key metrics and trends.

Ø Present findings to senior management and contribute to strategic discussions.

Ø Manage the inventory reconciliation process to ensure accuracy between physical stock and financial records.

Ø Work closely with operations teams to address discrepancies and improve inventory management.

**Qualifications**:
Ø Bachelor's degree in Accounting, Finance, or a related field. Professional certification (e.g., CPA, CMA) is a plus.

Ø Minimum of 5 years of progressive experience in accounting roles, with a strong focus on accounts receivable, accounts payable, and financial reconciliation.

Ø Profound knowledge of accounting principles, IFRS standards, and financial regulations.

Ø Proficiency in accounting software and advanced MS Excel skills for data analysis and reporting.

Ø Excellent analytical skills with the ability to interpret complex financial information.

Ø Strong organizational skills and attention to detail, ensuring accuracy in financial records and reports.

Ø Effective communication and interpersonal skills to collaborate across departments.

Ø Familiarity with Saudi Arabian accounting standards and taxation regulations is advantageous.

Ability to commute/relocate:

- Riyadh: Reliably commute or planning to relocate before starting work (required)

**Experience**:

- Accounting: 1 year (preferred)