Senior Accountant

Studio7

الرياض
دائم
دوام كامل

قبل 29 يوم

The Senior Accountant is responsible for ensuring accurate financial records, adherence to IFRS standards, timely financial reporting, and strong internal controls across all accounting cycles. This role oversees day-to-day accounting operations, supports audits, manages VAT compliance, and ensures proper treatment of revenue, expenses, government-related costs, and petty cash. The Senior Accountant also contributes to continuous process improvements to enhance the organization’s financial integrity and efficiency.Key Responsibilities1. Financial Accounting & Bookkeeping

Maintain accurate and complete accounting records in accordance with IFRS.

Process journal entries, accruals, prepayments, payroll, and monthly reconciliations.

Ensure timely recording of AP, AR, payroll, provisions, and project-related entries.

Monitor general ledger integrity and ensure alignment with chart of accounts.

2. Revenue Recognition (IFRS 15)

Apply IFRS 15 principles to multi-element contracts, long-term projects, and performance obligations.

Review contracts to determine appropriate revenue recognition methods (over time vs. point in time).

Prepare revenue schedules, WIP analysis, contract assets/liabilities, and supporting documentation.

Coordinate with operations and project teams to validate progress and billing.

3. Financial Statement Closing & Reporting

Lead monthly, quarterly, and annual closing activities.

Prepare financial statements (BS, P&L, CF) and supporting schedules.

Perform variance analysis and provide insights into financial performance.

Assist management with budgeting, forecasting, and financial presentations.

4. VAT & Governmental Expenses

Ensure correct VAT treatment on sales and purchases according to ZATCA regulations.

Prepare VAT returns, reconciliations, and supporting documentation.

Handle accounting for government-related fees, GOSI, municipalities, chamber of commerce fees, CR renewals, visas, Iqama costs, etc.

Ensure compliance with applicable government financial requirements and reporting.

5. Auditing & Compliance

Prepare audit packages and complete year-end audit requirements.

Support internal and external auditors by providing schedules, samples, and explanations.

Implement and maintain internal controls and ensure compliance with company policies.

6. Physical Inventory & Fixed Assets

Participate in or lead physical inventory counts and stock verifications.

Monitor inventory adjustments, write-offs, and reconciliations.

Maintain fixed assets register, capitalization, depreciation, and disposals.

7. Petty Cash & Expense Control

Manage petty cash fund, reimbursements, and expense claims.

Review supporting documents, ensure compliance, and record expenses accurately.

Monitor and control operational expenses and ensure proper approval workflow.

8. Accounting Cycles & Process Improvement

Oversee all accounting cycles: AP, AR, FA, Payroll and Projects.

Develop and enhance accounting procedures to improve accuracy and efficiency.

Support ERP enhancements and automation of financial processes.

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