Job Description
Role purpose:
To supervise the financial closing, fixed assets, financial accounting entries, GL management and accounts reconciliation and identify financial discrepancies and complete all VAT and ZATCA reports and perform monthly financial closing
Key Accountabilities & Activities:
- Experienced in Zoho Bookkeeping ERP
- VAT filings and full knowledge of all ZATCA laws, rules and regulations
- Ensure effective cash and bank management operations, including management of petty cash in order to record all incoming and outgoing cash flow for review as required
- Prepare cash flow reports, estimated budgets for units or any other financial report as necessary
- Maintain fixed assets records and provide transaction, item & supplier wise reconciliations in order to produce and maintain fixed assets register
- Maintain fixed assets logs and tags at branch and corporate office level in order to ensure completeness of assets and existence
- Execution of the daily accounting activities required to maintain the general ledger
- Generate accounts payable and account receivable reports as required in order to create transparency and allow for leadership input
- Supervise and review cash disbursements, payments and invoices in compliance with regulatory requirements, companies policies & procedures etc. as necessary
- Develop general ledger reports related to journal vouchers summaries, variance analysis, period closing, etc.
- Prepare financial statements of the branches and assess the financial position at corporate level by preparing profit & loss statements, balance sheets, cash flow statements etc. Produce budget vs actual comparisons and variance analysis
- Able to produce management information reports, financial data analysis and comprehend trends
- Contribute to the development of Kun Sports’s accounting and financial models
- Support in resolving any discrepancies and questions related to the recording of general ledger transactions or any other accounting related problem to ensure they are accurate and free of errors
- Secure financial information by completing data base backups to ensure no data is lost
- Remain abreast of latest International Financial Reporting Standards (IFRS) and other laws and regulations (e.g. SOCPA regulations) in order to ensure that Kun Sports’s accounting activities are in conformity with accepted practices
- Ensure confidentiality in key financial data, office files, records, and documents
- Prepare reports and analyze data periodically and as requested and submit to the leadership in order to support in decision making
- Report any operational risks and roadblocks to the achievement of office objectives and targets. Recommend corrective action in order to minimize operational interruptions and ensure the timeliness of objective and target achievement
- Provide input to Leadership as required and as per the approved governance process, for the purpose of budget formulation
- Ensure that the approved budget is being allocated as per the plans and highlight any deviation actual / foreseen to management
- Provide guidance to reportees on operational matters with mentoring and coaching, when necessary, in order to ensure that they are well equipped to tackle the operational requirements from a professional and behavioral standpoint
- Provide performance management support to new team members
- Maintain regular communication with internal and external stakeholders in order to ensure that the professional needs are met in a timely and efficient manner
- Ensure regular communication with the lead member to keep him up to date with the work done and proactively raise issues to avoid any delays in delivery.
Skills
Requirement for the Role:
Experience & qualifications
- Bachelor’s degree in accounting, Finance or any equivalent discipline from a recognized educational institution
- Minimum 5 years of experience as an accountant in a corporate environment
Knowledge & skills
- In-depth knowledge of International and National Accounting Standards (IFRS, SOCPA, etc.)
- Professional certification such as ACCA, CPA or CIMA/CMA qualifications
- Proven track record in financial reporting, financial accounting, financial management and financial analysis is needed.
Job Details
- Job Location
- Jeddah Saudi Arabia
- Company Industry
- Construction & Building
- Company Type
- Employer (Private Sector)
- Job Role
- Accounting and Auditing
- Employment Type
- Full Time Employee
- Monthly Salary Range
- Unspecified
- Number of Vacancies
- 1
Preferred Candidate
- Career Level
- Management
- Years of Experience
- Min: 2
- Degree
- Bachelor's degree / higher diploma