Accountant Required in Saudi Arabia

An Accountant plays a crucial role in managing the financial records and transactions of an organization. They are responsible for ensuring that financial statements are accurate and compliant with relevant laws and regulations. Accountants work closely with various departments to provide financial insights, assist in budgeting, and ensure proper financial controls are in place. The role requires strong analytical skills, attention to detail, and a thorough understanding of accounting principles and financial reporting.

Salary	Market Competitive
Experience	2 – 5 years
Location	Saudi Arabia
Qualification	Bachelor of Commerce(Commerce), Chartered Financial Analyst, Chartered Accountant
Posted	25 September 2024
Job Type	Full Time
Posted by	Habeebi Recruiter
last date to apply	apply within 15 days

Responsibilities

1. Financial Record Keeping

The Accountant is responsible for maintaining accurate and up-to-date financial records. This includes recording transactions such as sales, purchases, income, and expenses into accounting software or ledgers. Accountants ensure that all financial data is properly classified and organized for ease of reporting and compliance with legal and tax regulations. They regularly review and reconcile accounts to ensure the accuracy and integrity of financial data.

2. Preparation of Financial Statements

A key responsibility of the Accountant is the preparation of financial statements, including the income statement, balance sheet, and cash flow statement. These statements are essential for providing management with a clear view of the company’s financial position. Accountants ensure that these reports are prepared in accordance with Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS), as applicable. They also prepare periodic financial summaries for internal stakeholders, highlighting key financial metrics.

3. Budgeting and Forecasting

Accountants assist in the preparation of the company’s annual budget and financial forecasts. They work closely with department heads to gather financial data, analyze historical trends, and project future revenues and expenses. The Accountant helps management make informed decisions by providing financial insights and ensuring that budgets are adhered to. Regular variance analysis is conducted to compare actual performance against the budget, and corrective actions are recommended when necessary.

4. Tax Compliance and Reporting

Accountants play a critical role in ensuring that the organization complies with tax laws and regulations. This includes preparing and filing tax returns, such as income tax, VAT, or sales tax. Accountants stay up to date on changes in tax legislation and ensure that the company takes advantage of any available tax deductions or credits. They also ensure that tax payments are made on time and that the company avoids penalties or legal issues related to tax compliance.

5. Auditing and Internal Controls

The Accountant is responsible for maintaining robust internal controls to safeguard the company’s financial assets. This includes implementing and monitoring processes that prevent fraud, errors, and misstatements in financial reporting. Accountants may also assist with internal and external audits by preparing necessary documentation, responding to auditor inquiries, and ensuring that financial data is accurate and readily available. They help ensure that the organization follows best practices for financial transparency and accountability.

6. Accounts Payable and Receivable Management

Accountants manage both accounts payable and receivable functions, ensuring that invoices are processed and paid on time and that the company receives payment from customers promptly. This includes monitoring outstanding invoices, issuing payment reminders, and resolving any discrepancies related to vendor or customer payments. Efficient management of payables and receivables is essential for maintaining the organization’s cash flow and financial health.

7. Financial Analysis and Reporting

In addition to preparing financial statements, the Accountant is responsible for conducting financial analysis to support business decisions. This involves analyzing trends, financial ratios, and key performance indicators (KPIs) to provide insights into the company’s financial performance. Accountants prepare reports and presentations that help management understand the financial impact of strategic decisions and provide recommendations for improving profitability and efficiency.

8. Payroll Management

Accountants are often involved in the preparation and processing of the company’s payroll. This includes calculating employee wages, ensuring that taxes and deductions are accurately applied, and making timely payments to employees. Payroll records must be maintained in compliance with labor laws and tax regulations. The Accountant ensures that payroll processing is accurate, on time, and in line with company policies.

9. Collaboration with Other Departments

Accountants work closely with other departments, such as operations, sales, and human resources, to ensure financial accuracy and compliance across the organization. They provide financial support and insights to help various teams make informed decisions, manage budgets, and track financial performance. The Accountant also works with external parties, such as auditors, tax authorities, and vendors, to ensure smooth financial operations.

Qualifications

• Bachelor’s degree in accounting, finance, or a related field.
• Certified Public Accountant (CPA) or equivalent certification is preferred.
• Strong knowledge of accounting principles (GAAP or IFRS) and tax regulations.
• Proficiency in accounting software and Microsoft Excel.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and ability to work with accuracy.
• Effective communication skills, both written and verbal.
• Ability to work independently and manage multiple tasks simultaneously.

An Accountant plays an essential role in maintaining the financial health of an organization. By ensuring accurate record-keeping, compliance with regulations, and providing valuable financial insights, the Accountant supports the organization in making informed business decisions and achieving financial goals.

How to apply:

Send your updated resume to our email or directly reach us at our phone:

Email:  info@sibca.com

Telephone:   +971 2 4978600