Accountant (SAP Fi / Mm) Retail

7 days ago

Riyadh, Saudi Arabia Rawaj - Human Capital Management Full time

Leverage your abilities and join the dynamic team of the market leader in the home improvement retail business.

**An Accountant (SAP)**, will play a critical role in managing accurate financial operations across multiple business functions. They will be detail-oriented, proficient in SAP, and possess strong knowledge of IFRS and local regulations. This position is central to maintaining financial integrity, fostering vendor relationships, and ensuring tax compliance within the retail sector.

**Key Accountabilities**:

- ** Execute month-end and year-end close processes in accordance with IFRS standards**:

- Prepare and post journals, including **accruals, prepayments, allocations, and reclassifications**.
- Perform **suppliers’ reconciliations**, resolving mismatches such as shortages, cost differences, extra receiving, or wrong receiving.
- Manage and follow up on pending invoices and credit notes with vendors to ensure accurate accounts payable.
- Oversee and ensure compliance with **indirect tax processes (VAT & WHT)** within Saudi regulations.
- Handle **non-trading OPEX transactions**, ensuring accurate classification and reporting.
- Utilize **SAP FI/AP/AR modules** to manage journal entries, vendor invoices, customer invoices, and payment transactions.
- Support financial reporting, variance analysis, and bank reconciliations for retail operations.
- Collaborate with procurement, supply chain, and operations to ensure seamless financial flows.

**Knowledge, Skills, and Experience**:

- Bachelor’s degree in Accounting, Finance, or related field.
- Minimum of 5-8 years of professional accounting experience, including at least 3 years of **hands-on experience with SAP** in a retail or FMCG environment.
- Proven expertise in **general ledger accounting, accounts payable/receivable, reconciliations, financial close, and OPEX management**.
- Strong knowledge of **IFRS**, with demonstrated ability to prepare financial statements.
- Experience in **indirect tax compliance (VAT & WHT)** within Saudi Arabia.
- Advanced **SAP knowledge**, including FI (GL/AP/AR), MM (non-trade POs, GR/IR), and exposure to CO (cost centers/internal orders).
- Proficiency in SAP key transactions such as **FB50, FB60, FB65, FB70, F-28, F-53, F110, F-03, F-32, FBL1N, MIRO, MIR5, FBL3N, FBL5N, GR/IR clearing, ME2N, ME23N.**:

- Excellent **Excel skills** for financial modeling and reporting.
- Strong analytical and problem-solving skills with attention to detail.
- Effective communication skills in **English and Arabic**.

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