Chief Accountant/payroll

3 weeks ago


Riyadh, Saudi Arabia Source Machinery Full time

**Job Summary**:
Implement and oversee ASCON System in Source. Oversee and supervise the Payroll function, ensure pay is processed on time, accurately, and in compliance with government regulations. Supervise, track and evaluate day-to-day activities. Responsible for establishing financial status by developing and implementing systems for collecting, analyzing, verifying, and reporting information.

**Duties & Responsibilities**:

- Responsible of ASCON System implementation in all departments of SOURCE.
- Produce Payroll on ASCON System.
- Implement, maintain, and review payroll processing systems to ensure timely and accurate processing of payroll transactions including salaries, benefits and other deductions.
- Ensure accurate and timely processing of payroll updates including new hires, terminations, and changes to pay rates.
- Prepare and maintain accurate records and reports of payroll transactions.
- Ensure compliance with KSA regulations and laws pertaining to salaries.
- Facilitate audits by providing records and documentation to auditors.
- Identify and recommend updates to payroll processing software, systems, and procedures.
- Ensure reconciliation of all suppliers and subcontractors’ payments.
- Provide support to both external and internal auditors on an adhoc basis as required.
- Upload WPS files into MUDAD.
- Approve and process all general accounting transactions.
- Carry out monthly and year end closing and record end of period closing transactions.
- Perform monthly and annual General Ledger maintenance and sub-ledger to general ledger reconciliation.
- Prepare and ensure all accruals are booked and managed.
- Process and control petty cash transactions.
- Maintain and update the chart of accounts.
- Maintain accurate and updated accounting records & books.
- Prepare SOURCE consolidated financial statements.
- Coordinate audit activities with the external internal auditors.
- Approve and post all accounting transactions.
- Responsible for the Performance Management of all team members.
- Perform other duties as assigned.

Ability to Commute:

- Riyadh (required)

Ability to Relocate:

- Riyadh: Relocate before starting work (required)

Application Deadline: 03/05/2024


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