Chief Accountant
2 weeks ago
**Tasks & Responsibilities**:
- Managing and overseeing the daily operations of the accounting department including GL, Revenue, Cost of Sale, Fixed Assets, payroll and other accounting activities.
- Supervise all Accounts Payable and Receivable functions and transaction entries
- Prepare the Monthly ageing report for Account Receivable & Account Payables, Prepayments, Advances, Accruals.
- Prepare periodic Customers & Vendors reconciliations, follow up and clear reconciling items.
- Ensure Monthly Closing for financial statements are submitted on time (income statement, balance sheet, cash Flow ) and Monthly MIS report.
- Prepare the yearly budgeting and coordinate with department heads and Analyze the variances and investigate related spends with concerned department.
- Review revenue contracts submitted by the Business and develop the proposed accounting treatment based upon the deal terms, POC.
- Provide technical accounting support to corporate accounting groups and the business units.
- Supervise the preparation of periodic bank reconciliation statements and provided assistance when needed.
- Worked on identifying/forecasting daily cash requirements for business and managing necessary Maintained relationships with banks, manage day-to-day banking activities, handles opening and closing bank accounts, explore financing options, Handles Letters of credit and other Letters of guarantees.
- Preparing and handling daily cash position report and cash flow management.
- Ensure all accruals, deferrals and invoices are properly recorded.
- Monitor the Financial Accounting and Control team motivation levels and individual developments.
- Assist in the preparation and filing of Tax/Zakat return Report and upload it in the Zakat portal every month and related compliance requirements.
- Coordinate with Business partner to obtain financial information for monthly, quarterly, and annual reporting.
- Setting up and overseeing accounting Odoo ERP and ensuring they are up-to-date with the latest financial information requirements.
- Prepare and assist in the submission of financial information to management and other board committees.
- Managing and supervising the accounting team to achieve departmental goals.
- Follow up with all Customers collection & Vendor payments as per the payment term conditions.
- Preparing the customers & vendors Quarterly balance confirmation & reports.
- Analyze Cost of revenue, G& A, Selling & Marketing expenses to ensure they are recorded appropriately on the same expense period.
- Process all Petty cash payments and control Advance balances with each employee.
- Create a monthly amortization schedule for prepayments and verify that the accurate expenses are allocated to each respective period.
- Coordinate & Assist with providing the external and internal audit requirements
**Qualifications**:
**Education**:
- Bachelor degree in Finance, Accounting, Business Administration or a related field. A
- Master degree or relevant certifications (e.g., CMA, MBA) are advantageous.
**Experience**:
- Minimum of 8-10 years of experience in finance, with at least 3 years as Chief
- Accountant / Accounting Manager role within the real estate and construction industry.
**Skills**:
- Strong knowledge of financial control principles, accounting standards,.
- Experience with financial reporting, budgeting, and forecasting.
- Excellent analytical, problem-solving, and decision-making skills.
- Proficiency in financial software Odoo and Microsoft Dynamic 365, Microsoft Office
- Fluency in both English and Arabic is essential.
- Strong understanding of accounting standards (GAAP or IFRS) and taxation regulations
**Language**:
- Arabic (preferred)
**Location**:
- Riyadh (preferred)
Application Deadline: 19/10/2024
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