Accounts Supervisor Required in Saudi Arabia

The Accounts Supervisor oversees the daily operations of the accounting department, ensuring accurate financial record-keeping, compliance with financial regulations, and the efficient handling of all accounting functions. This role involves supervising accounting staff, managing accounts payable and receivable, reconciling accounts, and assisting in financial reporting. The Accounts Supervisor works closely with senior management to provide insights into financial performance, support budgeting and forecasting activities, and ensure that financial procedures are followed. Strong leadership and analytical skills are essential to succeed in this role.

Salary	Market Competitive
Experience	1 – 3 years
Location	Saudi Arabia
Qualification	Bachelor of Commerce(Commerce)
Posted	23 September 2024
Job Type	Full Time
Posted by	Habeebi Recruiter
last date to apply	apply within 15 days

Key Responsibilities

Managing Accounting Operations:

The Accounts Supervisor is responsible for overseeing the accounting department’s daily operations, including managing accounts payable, accounts receivable, payroll, and general ledger functions. This involves ensuring that transactions are recorded accurately and in a timely manner. The Accounts Supervisor must also ensure compliance with internal controls, company policies, and external financial regulations to maintain the integrity of financial data.

Supervising and Training Accounting Staff:

Supervising the accounting team is a critical aspect of the Accounts Supervisor’s role. This includes assigning tasks, monitoring performance, and providing training and guidance to ensure that staff meet their objectives and work efficiently. The Accounts Supervisor also conducts performance reviews and offers support to help team members improve their skills and productivity. Leadership and communication skills are crucial for creating a positive work environment and fostering collaboration within the department.

Financial Reporting and Analysis:

The Accounts Supervisor plays a key role in the preparation of financial statements, including balance sheets, income statements, and cash flow reports. They ensure that financial reports are accurate, complete, and delivered on time. Additionally, the Accounts Supervisor provides analysis of financial data to support management in making informed decisions. They may be involved in preparing reports for audits, tax filings, or presentations to senior management.

Budgeting and Forecasting Support:

Another important responsibility of the Accounts Supervisor is assisting with budgeting and forecasting processes. They work closely with other departments to gather financial data and help prepare budgets and forecasts. This includes analyzing historical financial data, identifying trends, and making recommendations for cost control or revenue enhancement. The Accounts Supervisor also monitors budget adherence throughout the year, providing regular updates to management.

Account Reconciliation and Audits:

Ensuring the accuracy of financial records through account reconciliation is a key duty of the Accounts Supervisor. This involves reviewing and reconciling bank statements, ensuring that all discrepancies are identified and resolved. The Accounts Supervisor also prepares for and supports both internal and external audits by providing accurate financial records and addressing any audit findings or concerns. Proper reconciliation helps maintain the integrity of the company’s financial systems.

Developing and Improving Accounting Processes:

The Accounts Supervisor is responsible for reviewing and improving accounting procedures to increase efficiency and effectiveness. This includes implementing new financial software or systems, streamlining processes, and ensuring that all accounting practices are in line with the latest industry standards and regulations. Continuous improvement of accounting operations helps enhance the accuracy of financial reporting and reduces the risk of errors or fraud.

Ensuring Compliance with Financial Regulations:

It is essential for the Accounts Supervisor to stay updated on changes in financial regulations, tax laws, and industry standards. They must ensure that the company’s accounting practices comply with all relevant laws and regulations. This includes timely submission of tax returns, adherence to payroll regulations, and ensuring that all financial statements are prepared in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS), depending on the company’s jurisdiction.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• Proven experience in accounting, with a supervisory role preferred.
• Strong understanding of accounting principles, financial reporting, and regulations.
• Proficiency in accounting software (e.g., QuickBooks, SAP, or similar platforms).
• Excellent organizational and leadership skills with a focus on accuracy and attention to detail.
• Strong communication skills, both verbal and written.
• Ability to work under pressure and manage multiple priorities.
• Analytical mindset with problem-solving abilities.
• CPA certification or equivalent (preferred but not always required).

The Accounts Supervisor plays a crucial role in ensuring the smooth operation of the company’s accounting functions. By supervising staff, managing financial processes, and providing accurate financial reports, the Accounts Supervisor supports the overall financial health and compliance of the organization. Their leadership and technical skills are key to maintaining financial integrity and driving the department’s success.

How to apply:

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

Email:  rotana.rewards@rotana.com

Telephone:   +971 (0) 2 811 9777

Fax:  +971 (0) 2 699 4445