Accountant

2 weeks ago

الرياض, Saudi Arabia VMCO Gulf Full time

**Job Description: Accountant**

**Position Overview**:
The **Cost and Inventory Accountant** is responsible for managing accounts payable and receivable, ensuring accurate inventory valuation, monitoring cost of goods sold (COGS), and optimizing inventory control. The role requires maintaining compliance with accounting standards, reconciling financial records, and supporting the company’s financial reporting and operational efficiency.

**Key Responsibilities**:
**Inventory Management & Valuation**:

- Ensure inventory is properly valued in accordance with **GAAP/IFRS accounting standards**.
- Record inventory transactions, including **purchases, sales, returns, and adjustments** in the financial system.
- Conduct **regular cycle counts and month-end inventory counts** to verify stock levels.
- Ensure accurate inventory reporting in the **balance sheet and income statement**.
- Prepare and submit the **monthly inventory report by the 3rd of each month**.

**Inventory Control & Optimization**:

- Work with **purchasing and operations teams** to forecast inventory needs based on **demand, production schedules, and sales projections**.
- Monitor **slow-moving or obsolete inventory** and propose corrective actions (e.g., **discounts, disposals**).
- Provide recommendations on **inventory ordering policies, lead times, and reorder points** to optimize cash flow.
- Submit the **Inventory Aging Report by the 5th of each month**.

**Accounts Payable (AP) Responsibilities**:

- Process and review **vendor invoices** ensuring proper approvals.
- Manage and process **payment schedules** based on priorities and business needs.
- Reconcile **supplier accounts and resolve payment disputes**.
- Process invoices for **purchase orders (PO), non-PO transactions, and petty cash**.
- Submit **monthly supplier reconciliations and purchase reports by the 7th of each month**.
- Perform **bank reconciliation every 15 days** and ensure completion **by the 5th of each month**.

**Accounts Receivable (AR) Responsibilities**:

- Ensure all **sales invoices are posted** in the financial system.
- Monitor and **manage the company’s credit policies** to ensure timely collections.
- Reconcile **monthly debtors' accounts and aging reports by the 5th of each month**.
- Handle **customer payment inquiries and coordinate with the operations team** to resolve issues.
- Follow up on **overdue accounts and initiate collection actions**.

**Qualifications & Skills**:

- **Bachelor’s degree** in Accounting, Finance, or a related field.
- **4+ years of experience** in inventory accounting, cost analysis, and accounts reconciliation.
- Strong knowledge of **GAAP/IFRS accounting principles**.
- Experience with **ERP systems (preferably Microsoft Dynamics 365)**.
- Proficiency in **MS Excel and financial reporting tools**.
- Strong analytical and problem-solving skills.
- Ability to meet **strict financial deadlines** and manage multiple tasks effectively.
- Detail-oriented with strong organizational skills.

Pay: ﷼3,500.00 - ﷼5,000.00 per month

**Education**:

- Bachelor's (required)

**Location**:

- Riyadh (required)

Application Deadline: 18/02/2025

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