Who Are We❓
We Are Foodics! a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarters in Riyadh and offices across 5 countries, including UAE, Egypt, Jordan and Kuwait. We are currently serving customers and partners in over 35 different countries worldwide. Our innovative products have successfully processed over 6 billion (yes, billion with a B) orders so far! making Foodics one of the most rapidly evolving SaaS companies to ever emerge from the MENA region. Also Foodics has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, boosting its innovation capabilities to better serve business owners.
The Job in a Nutshell💡
We are looking for an experienced Accounting Manager to lead a team of 3-4 accountants to oversee daily accounting operations, including Accounts Payable, Accounts Receivable, revenue accounting, and tax compliance, while ensuring full compliance with IFRS and local regulations.
The ideal candidate will have at least 10 years of accounting experience in Saudi-based companies, including a minimum of 3 years in a managerial role. A CPA qualification is preferred, and strong English communication skills are essential.
Experience in the SaaS industry and proficiency in Oracle NetSuite are highly desirable.
The role requires strong technical expertise in financial reporting, revenue recognition, and compliance with IFRS principles.
What Will You Do❓
Accounts Payable & Accounts Receivable:
- Oversee the Accounts Payable process, ensuring accurate and timely processing of vendor payments.
- Ensure proper review and approval of supplier invoices and payment requests, verifying correct classification and accruals.
- Supervise Accounts Receivable, ensuring timely invoicing, accurate revenue recognition, and proper aging of receivables.
- Monitor and improve the collections process, ensuring proper recording of expected credit losses and cash flow optimization.
- Ensure proper reconciliation of customer and supplier accounts and accurate posting in the general ledger.
Revenue Accounting & Financial Closing:
- Ensure full compliance with IFRS in revenue recognition, financial transactions, and reporting.
- Oversee the accurate recognition of revenue, deferred revenue, and contract-based billing, ensuring proper financial treatment.
- Review customer contracts and invoices to ensure alignment with financial policies and accounting standards.
- Supervise bank reconciliations, intercompany transactions, and ledger maintenance to maintain financial accuracy.
- Ensure timely month-end and year-end financial closing, reviewing all financial entries, accruals, and adjustments for compliance.
- Work closely with external auditors to support financial statement preparation and annual audits.
Tax, Zakat & Compliance:
- Oversee the preparation and submission of VAT, Zakat, Withholding Tax (WHT), and Corporate Income Tax filings, ensuring compliance with local regulations.
- Ensure adherence to financial reporting and tax compliance requirements in accordance with IFRS and Saudi tax laws.
- Stay updated on regulatory changes affecting financial reporting and tax obligations.
Review & Approval Responsibilities:
- Review and approve financial transactions, ensuring accuracy and proper classification.
- Validate accounting entries, reconciliations, accruals, provisions, and adjustments in compliance with IFRS.
- Ensure appropriate financial treatment of leases, provisions, and fair value adjustments as required by accounting standards.
Leadership & Team Management:
- Supervise and mentor the accounting team, ensuring high performance and continuous professional development.
- Collaborate with internal stakeholders to enhance financial processes and ensure compliance with reporting standards.
- Drive process improvements, leveraging ERP systems to enhance efficiency, accuracy, and financial controls.
What Are We Looking For❓
- Bachelor’s degree in accounting or Finance.
- CPA qualification preferred (or equivalent such as SOCPA, ACCA).
- 10+ years of accounting experience in Saudi-based companies.
- Minimum 3 years of experience as an Accounting Manager.
- Experience in the SaaS industry is preferred.
- Proficiency in Oracle NetSuite is highly desirable.
- Strong experience in Accounts Payable, Accounts Receivable, revenue accounting, and tax compliance.
- Excellent English communication skills (spoken and written).
Preferred Skills:
- Strong attention to detail and ability to review financial transactions accurately.
- Excellent organizational and time management skills.
- Ability to work under pressure and meet deadlines.
- Strong problem-solving and analytical abilities.
What We Offer You❗
We believe you will love working at Foodics!
- We offer highly competitive compensation packages, including bonuses and the potential for shares.
- We prioritize personal development and offer regular training and an annual learning stipend to tackle new challenges and grow your career in a hyper-growth environment.
- Join a talented team of over 30 nationalities working in 14 countries, and gain valuable experience in an exciting industry.
- We offer autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company.
