Financial Manager Position

5 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia XAD Technologies LTD Full time

XAD Technologies LTD is a dynamic organization seeking a highly skilled Senior Accountant to join our team in Riyadh, KSA. The ideal candidate will have a strong background in accounting and finance, with expertise in payroll management and banking relations in KSA.

The role requires an Accounting and Finance degree with relevant certifications, and we are specifically seeking Indian nationals. Key Responsibilities include:

  • Financial Services: Manage and maintain strong relationships with KSA banks for financial transactions. Handle bank reconciliations, deposits, and financial reporting. Process LCs, bank guarantees, and loan facilities as required.
  • Employee Compensation: Oversee monthly payroll processing, ensuring accuracy and compliance with KSA labor laws. Manage employee benefits, deductions, and reimbursements.
  • Financial Operations: Maintain general ledger entries, accounts payable, and receivables. Ensure proper record-keeping of financial transactions. Assist in budgeting, forecasting, and financial planning.
  • Financial Reporting and Compliance: Utilize accounting software (such as SAP, QuickBooks, or similar) for financial reporting. Prepare and analyze financial statements and audit reports. Assist in tax and VAT compliance as per KSA regulations.

The ideal candidate must have 5+ years of accounting experience, preferably in KSA. Strong knowledge of Saudi financial regulations, payroll laws, and VAT compliance is essential. Experience in handling banking transactions, bank reconciliation, and payroll systems is also required. Proficiency in accounting software and ERP systems is a plus. Excellent analytical and problem-solving skills are necessary for this position.



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