Financial Operations Specialist

6 days ago


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

We are seeking a highly skilled Senior Accountant to join our team at STADA Emerging Markets. This is an exciting opportunity for an experienced accounting professional to take on a leadership role in managing various financial operations within the KSA cluster.

The ideal candidate will have a strong background in accounting, with a minimum of 5 years of experience in a senior accounting role. They will be responsible for handling Accounts Receivable (AR) and Accounts Payable (AP) entries, assisting with budgeting and forecasting, supporting audits, and overseeing daily financial updates.

Key Responsibilities:
  • Accounts Receivable (AR) and Accounts Payable (AP) Management:
  • Post all AR and 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.


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