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Senior Accountant

2 weeks ago

Dammam, Eastern Province, Saudi Arabia Raqtan Full time 120,000 - 180,000 per year

Job Summary:

We're seeking a
Senior Accountant
specializing in Accounts Payable (AP)
and Cost Accounting who can do two things exceptionally well:: keep our vendor payments running smoothly across multiple business lines, and figure out why our product costs changed—then explain it in a way that helps leadership make better decisions. You will manage accounts payable for multiple businesses—processing payments for local and international suppliers, accounting for customs and SABER fees, reconciling vendor statements. But you will also own our product costing, prepare landed cost analysis, and deliver variance reports that actually mean something to the business.

This role lives at the intersection of operations and analysis in our manufacturing, trading, and e-commerce business. If that sounds like your sweet spot, keep reading.

Who Are We:

Raqtan provides comprehensive commercial kitchen solutions for both hotel projects and F&B outlets across the hospitality sector. Our scope of work encompasses detailed consultation, custom kitchen design, and full engineering services. We specialize in the supply and installation of complete commercial kitchen equipment packages, including cold-rooms, water filtration systems, and custom stainless-steel fabrications. Our technical team handles all aspects of installation, testing, and commissioning of commercial kitchen equipment to ensure optimal performance. With end-to-end project management capabilities, we deliver turnkey commercial kitchen solutions that meet the exacting standards of high-end hospitality establishments, handling everything from initial planning through final implementation

Responsibilities:

Own Accounts Payable (AP) Across Multiple Business Lines

  • Process payments for local and international suppliers—from invoice verification to payment release through Saudi banking systems
  • Resolve invoice mismatches, missing documentation, and open PO issues with procurement
  • Prepare AP aging reports that give leadership clear visibility on vendor status

Calculate the True Cost of Everything We Sell

  • Build and maintain product costing models for all our business lines
  • Prepare monthly landed cost analysis: purchase price + freight + customs + SABER fees
  • Reconcile cost of goods sold and fix cost errors before they impact margins

Translate Numbers Into Business Insights

  • Dig into cost variances and answer: "Why did this happen?"
  • Spot trends others miss—rising freight costs, margin erosion, supplier price changes
  • Forecast payment needs and connect costs to profitability in monthly GP reviews

Keep Our Financial Close On Track

  • Execute month-end close: accruals, cost allocations, cut-off procedures—all by deadline

Qualifications

  • Bachelor's degree in Accounting or Finance
  • 5+ years in accounting with strong AP and cost accounting background
  • Experience managing accounts across multiple business lines
  • Proficiency in MS Dynamics 365 or comparable ERP (SAP, Oracle)
  • Advanced Excel skills for analysis and reporting
  • Fluent in Arabic and English

Core Expertise:

  • Accounts payable cycle management and vendor relations
  • Product costing, landed cost analysis, and COGS reconciliation
  • Cost variance analysis with ability to explain drivers to management
  • Month-end close processes under tight deadlines

Professional Qualities:

  • Analytical mindset with business acumen
  • Detail-oriented with high accuracy standards
  • Strong communicator across all levels
  • Proactive problem-solver
  • Thrives in fast-paced, multi-entity environments

WHO THRIVES IN THIS ROLE:

This isn't your typical AP desk job. You'll succeed here if you can toggle between transactional precision (catching invoice errors, reconciling to the penny) and strategic thinking (why did our product costs spike this quarter?).

You're comfortable juggling multiple business lines, international suppliers, customs regulations, and tight close deadlines—without losing accuracy. You don't wait for perfect processes; you work within imperfect systems while actively improving them.

In our business, cost data isn't just accounting—it's competitive intelligence. When you prepare a variance report, you're giving top management the insights they need to price competitively and protect margins.

Sound like you? Apply now and let's discuss how you can make an impact.