Accounts Manager Work In Saudi Arabia

Financial Management & Reporting:

• Oversee day-to-day accounting operations, including accounts payable, accounts receivable, payroll, and general ledger.
• Prepare monthly, quarterly, and annual financial statements in compliance with accounting standards.
• Monitor and analyze financial performance, identifying areas for cost reduction and efficiency improvements.
• Present financial reports and recommendations to senior management.

2. Budgeting & Forecasting:

• Develop and manage annual budgets in coordination with department heads.
• Provide financial forecasts and cash flow analysis to support business decision-making.
• Track actual vs. budgeted performance and recommend corrective actions where needed.

3. Taxation & Compliance:

• Ensure compliance with local tax laws, VAT regulations, and corporate tax filings.
• Liaise with external auditors and tax authorities for audits and regulatory filings.
• Stay updated on financial regulations and accounting standards (IFRS/GAAP) to ensure compliance.

4. Accounts Payable & Receivable Management:

• Monitor vendor payments and ensure timely settlement of obligations.
• Oversee customer invoicing, collections, and credit control to maintain cash flow.
• Implement strategies to reduce outstanding receivables and improve payment cycles.

5. Internal Controls & Risk Management:

• Develop and implement financial policies and internal controls to safeguard company assets.
• Conduct regular financial audits to detect errors and prevent fraud.
• Identify financial risks and recommend strategies for mitigation.

6. Team Leadership & Coordination:

• Supervise and mentor accounting staff, ensuring efficient workflow and adherence to best practices.
• Provide training and development opportunities to enhance team capabilities.
• Work closely with other departments (Procurement, HR, and Operations) to align financial objectives.