The Financial Accountant plays a crucial role in managing an organization’s financial health by ensuring accurate financial reporting, compliance with regulations, and effective budget management. This position requires a thorough understanding of accounting principles, financial analysis, and reporting standards. The Financial Accountant works closely with various departments to provide insights that support decision-making and financial planning.
Dua for Job Seeking: اللهم يسر ولا تعسر واكمل ولا تكل وبارك لي فيما قَدَّرت
| Salary | Market Competitive |
| Experience | 1 – 3 years |
| Location | Saudi Arabia |
| Qualification | Bachelor’s degree / higher diploma |
| Posted | 26 September 2024 |
| Job Type | Full Time |
| Posted by | Habeebi Recruiter |
| last date to apply | apply within 15 days |
Responsibilities
1. Financial Reporting
The Financial Accountant is responsible for preparing and presenting accurate financial statements in accordance with generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS). This includes the preparation of balance sheets, income statements, cash flow statements, and other financial reports. The Financial Accountant ensures that all reports are completed in a timely manner and are readily available for management review and external audits.
2. General Ledger Management
Managing the general ledger is a fundamental responsibility of the Financial Accountant. This involves recording all financial transactions accurately, ensuring that all entries are posted in a timely manner, and reconciling discrepancies. The Financial Accountant ensures that the general ledger reflects the true financial position of the organization and adheres to accounting policies and procedures.
3. Budgeting and Forecasting
The Financial Accountant plays a key role in the budgeting and forecasting processes. This includes collaborating with department heads to develop budgets, monitoring actual performance against budgets, and providing variance analysis. The Financial Accountant uses historical data and market trends to create accurate financial forecasts, supporting the organization’s strategic planning and resource allocation efforts.
4. Compliance and Audit
Ensuring compliance with financial regulations and standards is a critical aspect of the Financial Accountant’s role. This includes staying updated on changes in accounting regulations, tax laws, and reporting requirements. The Financial Accountant prepares for internal and external audits by ensuring that all financial records are accurate and up to date. They also assist auditors by providing necessary documentation and explanations during the audit process.
5. Tax Preparation and Planning
The Financial Accountant is responsible for preparing and filing tax returns, ensuring compliance with tax laws and regulations. This includes calculating tax liabilities, identifying tax-saving opportunities, and providing recommendations for tax planning strategies. The Financial Accountant works closely with tax advisors and regulatory bodies to ensure that the organization meets its tax obligations while optimizing its tax position.
6. Financial Analysis
Conducting financial analysis to support decision-making is a vital responsibility of the Financial Accountant. This involves analyzing financial data to identify trends, assess performance, and provide insights into financial operations. The Financial Accountant prepares reports and presentations for management that highlight key financial metrics and offer recommendations for improvement.
7. Cash Flow Management
Effective cash flow management is crucial for the financial stability of the organization. The Financial Accountant monitors cash flow, ensuring that sufficient funds are available to meet operational needs and obligations. This includes forecasting cash flow needs, managing accounts receivable and payable, and optimizing working capital to enhance liquidity.
8. Collaboration with Other Departments
The Financial Accountant collaborates with various departments, including finance, operations, and management, to provide financial insights that support organizational goals. This involves communicating financial information clearly and effectively, ensuring that all stakeholders understand financial reports and their implications. The Financial Accountant also participates in cross-departmental projects, providing financial expertise and guidance.
Qualifications
A successful Financial Accountant typically holds a bachelor’s degree in accounting, finance, or a related field, along with professional certifications such as CPA (Certified Public Accountant) or ACCA (Association of Chartered Certified Accountants). Strong analytical, organizational, and communication skills are essential for this role. The candidate should have a thorough understanding of accounting principles and practices, as well as proficiency in accounting software and tools. Experience in financial analysis and reporting, along with knowledge of regulatory requirements, is also highly valued.
How to apply:
Send your updated resume to our email:
Email: unjtinfo @unjt.net
Disclaimer:
- We list jobs submitted by employers. HabeebiRecruiter.com does not verify employers or guarantee job details.
- Be aware: legitimate jobs never require upfront payment