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Financial Reporting Accountant

2 weeks ago

Jeddah, Makkah Province, Saudi Arabia Baraka for Real Estate Development & Investment Co. Full time 90,000 - 120,000 per year

Company Overview

Baraka Real Estate Development & Investment Co
. is a forward-thinking Saudi company based in Jeddah, specializing in developing mixed-use real estate projects. Baraka's portfolio includes lifestyle destinations, residential communities, and entertainment hubs.

The company's mission is to redefine urban living through innovative design, sustainable development, and high-quality experiences that contribute to Saudi Arabia's Vision 2030 goals.

Job Summary

Responsible for maintaining the integrity of Baraka's financial records, preparing accurate monthly and annual financial statements, ensuring compliance with IFRS and Saudi regulatory requirements (ZATCA, GAZT), and managing audit and tax obligations.

Job Description

Key Responsibilities:

Financial Reporting & General Accounting

  • Prepare and review monthly, quarterly, and annual financial statements (Balance Sheet, P&L, Cash Flow).
  • Lead the month-end and year-end closing process, including posting accruals and adjusting journal entries.
  • Maintain and review the general ledger and chart of accounts within Matrix ERP.
  • Coordinate and prepare all documentation required for external audits.
  • Develop and implement internal controls and accounting policies to maintain accuracy and compliance.
  • Ensure accounting processes adhere to IFRS and SOCPA standards.
  • Monitor and reconcile intercompany, project, and bank accounts.
  • Support in preparing reports for management, investors, and external parties.

ZATCA Tax Compliance (VAT & Zakat)

  • Prepare and file accurate monthly/quarterly VAT returns through the ZATCA e-services portal.
  • Ensure all sales and purchase transactions are correctly categorized (standard-rated, zero-rated, exempt).
  • Manage compliance with the ZATCA e-invoicing (Fatoora) mandate and ensure Matrix ERP generates compliant invoices.
  • Prepare and file the annual Zakat/Corporate Tax return, ensuring accurate calculation of the Zakat base.
  • Serve as the primary contact for all inquiries and audits from ZATCA.

Internal Audit & Controls

  • Develop and implement an annual internal audit plan to assess financial, operational, and compliance risks.
  • Conduct reviews of procurement, payroll, and project cost management processes.
  • Verify adherence to internal policies, IFRS/SOCPA, and Saudi Companies Law.
  • Document audit findings and present recommendations to senior management to improve efficiency and controls.

Corporate Accounting & Financial Reporting

  • Oversee daily accounting functions, including AR/AP review and general ledger maintenance.
  • Perform full month-end and year-end closing, including reconciliations and adjustments.
  • Prepare corporate financial statements (Balance Sheet, Income Statement, Cash Flow Statement) for management review.

Qualifications & Skills

  • Bachelor's Degree in Accounting or Finance; professional certification (SOCPA/CPA).
  • 5+ years of experience in financial reporting and compliance roles, preferably in real estate or development companies.
  • Proficient in Matrix ERP and Microsoft Excel.
  • Strong knowledge of IFRS, ZATCA regulations, and local tax law.
  • Experience in external audit coordination and internal control setup.
  • High attention to accuracy, integrity, and confidentiality.