Chief Accountant

5 months ago

Riyadh, Saudi Arabia Savills Middle East Full time

**The Role**

Chief Accountant plays a key role in supporting the business on day-to-day operations of the finance department, including reporting, forecasting, budget preparation, and month-end closing. This position requires a highly skilled and organized professional with a deep understanding of accounting principles, financial analysis, and regulatory compliance.

**Key Responsibilities**
- **Daily Operations**:

- Handle day-to-day accounting operations, ensuring accuracy and compliance with financial regulations and company policies
- Managing the Accounts payable function ensuring timely booking and payment of suppliers.
- Maintain Accounts Receivable function including A/R aging reports to track the status of outstanding invoices and follow up.
- Perform account reconciliations and ensure integrity of GL vs. Sub ledger.
- Provide financial reports and analysis to line manager and stakeholders, assisting in decision-making.
- Collaborate with other departments to provide financial insights and support for various projects and initiatives.
- Perform ad-hoc financial analysis and special projects as assigned by management.
- **Month-End Closing**:

- Participate in month-end and year-end closing processes, ensuring all financial transactions are properly recorded and reconciled.
- Prepare journal entries, review accruals, and conduct financial analysis to validate the accuracy of financial statements.
- Manage the company’s end-to-end accounting books (record to report cycle)
- **Team Supervision**:

- Supervise and mentor a team of accountants, providing guidance, training and support in daily tasks and professional development.
- Foster a collaborative and high-performance work environment.
- **Financial Reporting**:

- Prepare accurate and timely financial reports, including income statements, balance sheets, cash flow statements, and other financial statements.
- Ensure compliance with accounting standards (e.g., GAAP, IFRS) and company policies.
- Driving/owning and automating several aspects of management reporting, weekly/daily operational reporting, making sure that there is alignment and consistency in outputs and conclusions.
- Assist in monthly analysis of contribution margin, breakeven analysis, Cost-volume Profit analysis and other KPIs.
- Ensure adequate accurate maintenance of the Fixed Asset and other financial registries
- **Forecasting and Budgeting**:

- Participate in the preparation of annual budgets and quarterly forecasts, collaborating with department heads to gather relevant data.
- Monitor budget/forecast performance, identify variances, and recommend corrective actions as needed.
- **Compliance and Audit**:

- Ensure compliance with tax regulations, accounting standards, and other financial laws.
- Prepare for and facilitate internal and external audits, responding to audit inquiries and implementing recommendations.
- In addition to the tasks described above, the job holder may be required to carry out other duties as may reasonably be required from time to time._

**Qualifications & experience**
- Bachelor’s degree in Accounting/Finance. Preferably with professional qualification.
- At least 5+ years of working experience in similar role.
- Excellent analytical, problem-solving, and communication skills.
- Strong knowledge of accounting principles, financial reporting, and tax regulations.
- Proficient in manipulating and managing large data sets.
- Ability to handle multiple tasks simultaneously.
- Attention to detail and the ability to meet deadlines in a fast-paced environment.
- Strong leadership and team management skills.
- Strong ethics and integrity in handling sensitive financial information.

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