Accountant
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Salary Not Disclosed
1 Vacancy
Job Description
The Corporate Accountant is a detailoriented professional responsible for the General Ledger accounting of IFS Regional Headquarters (RHQ) & IFS Acquisition Entities reporting to the regional Finance Director. This role involves managing financial records and preparing financial statements while ensuring compliance with accounting principles standards and regulations. This is a key position in supporting the organizations financial operations by providing accurate and timely information for stakeholders.
Essential Duties and Accountabilities
- Recording Financial Transactions: Accurately record all financial transactions in the General Ledger for the RHQ & Acquisition entities.
- Ensuring Compliance: Ensure adherence to accounting standards (IFRS) and regulations in Saudi Arabia maintaining & reconciling the general ledger accounts.
- Ensuring accuracy and completeness of financial data in line with company policy.
- Conducting Reconciliations: Perform regular balance sheet reconciliations to verify the accuracy of financial records.
- Managing Accounts Receivable: Oversee the accounts receivable processes ensuring timely collections:
- Managing the process of invoicing as per the regulations in Saudi Arabia in addition to ensuring invoices are integrated with the Tax authorities in KSA as part of the local tax requirements.
- Invoice Creation and verification as per ZATCA authority.
- Point of contact for customers in KSA & Acquisition Entities.
- Bad Debt Management in line with the IFS Internal Policy.
- Following up on all outstanding invoices in Saudi Arabia including acquisition entities and resolving all the issues with outstanding payments.
- Reconciling all customer payments and allocation of receipts to ensure the accuracy of the balances.
- RHQ regulatory requirement management financial audits GOSI Submissions & RHQ Audits.
- Manages all the activities for the RHQ including maintaining the bank account renewal of licenses and communication with the investment authorities.
- Maintaining Financial Records: Ensure systematic organization and maintenance of financial records and documentation for audits and compliance purposes.
- Supporting Audits: Assist with internal and external audits by providing necessary documentation and explanations.
- Implementing Controls: Monitor internal financial controls to prevent errors and fraud.
- Continuous Improvement: Identify opportunities for process improvements in accounting practices and systems.
Qualifications :
- Bachelors degree in Accounting or Finance or Commerce (B.Com)
- Professional qualifications such as CA (Chartered Accountant) CMA (Cost and Management Accountant) or ACCA (Association of Chartered Certified Accountants) are preferred.
- Minimum of 35 years of relevant experience in accounting or finance.
- Strong understanding of Saudi Arabian financial regulations tax laws and accounting standards (IFRS).
Additional Information :
- Proficiency in MS Office especially Excel.
- Strong analytical skills and attention to detail.
- Excellent communication skills in both English and Arabic (mandatory)
- Ability to work independently and as part of a team.
- Strong organizational and time management skills.
- Knowledge of VAT regulations in the Kingdom of Saudi Arabia
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
