Chief Accountant (KSA Riyadh)
Imprescindible:FinTechLead
- Lead daily accounting operations, ensuring transactions are accurately recorded, appropriately supported, and processed on time.
- Manage monthly, quarterly, and annual closing activities, including reviewing journal entries, accruals, prepayments, provisions, and account reconciliations.
- Prepare and review financial statements and management reports, including the income statement, balance sheet, cash flow statement, and analysis of significant variances.
- Ensure compliance with the applicable accounting framework in Saudi Arabia, SOCPA-endorsed standards, and group financial reporting policies.
- Review customer contracts and ensure appropriate accounting for revenue from software subscriptions, hardware sales, implementation, maintenance, and other services, including deferred revenue and unbilled amounts where applicable.
- Oversee accounts receivable, billing, collections, and accounts payable; review aging reports, resolve discrepancies, and assess receivables impairment and required provisions.
- Review bank, customer, vendor, and intercompany reconciliations, including foreign currency transactions and balances, and ensure timely resolution of outstanding items.
- Oversee accounting for inventory and fixed assets, including reconciliations, capitalization, depreciation, and coordination of physical verification activities.
- Prepare regular cash flow reports and short-term forecasts, monitor working capital, and highlight potential funding or collection risks to the CFO.
- Manage applicable VAT and withholding tax compliance activities and support Zakat and corporate income tax filings, assessments, and inquiries in coordination with the CFO and external advisers.
- Oversee compliance with applicable ZATCA e-invoicing requirements, coordinating with IT and relevant teams to resolve accounting and system issues.
- Coordinate internal and external audit requirements, prepare supporting schedules, and follow up on audit findings and corrective actions.
- Maintain and strengthen accounting policies, approval controls, supporting documentation, and segregation of duties.
- Support the CFO in preparing budgets and financial forecasts, monitoring actual performance, and explaining key variances.
- Supervise, coach, and evaluate the accounting team; allocate responsibilities, monitor deadlines, and improve accounting processes and ERP reporting.
- Bachelor’s degree in Accounting or a related discipline.
- At least 8 years of relevant accounting experience, including a minimum of 2 years in a supervisory or team leadership role.
- Practical experience in Saudi Arabia, with sound knowledge of local accounting practices and applicable ZATCA requirements.
- Strong knowledge of IFRS as endorsed in Saudi Arabia and the ability to apply relevant accounting policies to business transactions.
- Proven experience in financial closing, financial statement preparation, account reconciliations, audit coordination, and internal controls.
- Hands-on experience with VAT, withholding tax, and e-invoicing requirements; familiarity with Zakat and corporate income tax processes, as applicable.
- Strong proficiency in Microsoft Excel and ERP systems, with the ability to improve reporting accuracy and process efficiency.
- Strong analytical, problem-solving, and organizational skills, with attention to detail and the ability to meet reporting deadlines.
- Effective team leadership and communication skills, with the ability to explain financial matters clearly to non-finance stakeholders.
- Good command of English, both written and spoken.
- Preferred Qualifications
- A relevant professional qualification, such as SOCPA, CPA, ACCA, or CMA.
- Experience in software, SaaS, IoT, telecommunications, or another technology business.
- Experience with subscription revenue, bundled hardware and service contracts, and transactions across multiple entities or currencies.