Jobs Accounting/Banking/Finance Jobs in Saudi Arabia in Saudi Arabia
Job Overview:
Responsible for maintaining the General ledger, analysis of expense accounts as well as balance sheet accounts recommending accruals and adjustments as needed. Review input of accounts payable and payroll prior to entry into the financial systems. Review financial results with the management to ensure their understanding of the reported financial results.
Duties & Responsibilities
Budgeting
· Lead the budget preparation activities by liaising with each of department heads to obtain the departmental budgets, preparing the consolidated budget.
· Monitoring the actual vs budgeted performance reports on a periodic basis to ensure that the budgets and the financial results are prepared accurately and in a timely manner.
Monthly Closing Activities
· Perform month-end accounting activities such as reconciliations and journal entries for AP, AR, Fixed assets and GL.
· Coordinate with finance team to complete assigned accounting tasks within deadlines.
· To accurately monitor the bookkeeping and auditing functions in the company
· To conduct financial analysis and define the results of the operation of the company
· Mange the supplier payment and review the credit terms with the relevant department periodically.
· Periodically perform inventory/fixed assets counts and reconciliations to ensure books are up to date and reconciled.
· Review the petty cash accounts and audit the pricing on random basis
· Manage the issuance of petty cash, regular replenishment and monthly close-out.
· Finalize the monthly payroll by verifying the attendance records including overtime, deductions and expense claims.
· Finalizing and reviewing the monthly closing progress, assisting with the preparation for internal and external audits
· Maintain the balance subsidiary accounts by verifying, allocating, posting, reconciling transaction and to resolve discrepancies
· Maintain general ledger by transferring subsidiary accounts, preparing a trial balance, reconciling entries.
Reporting
· Reporting the daily consolidated sales to the Executive Chairman for all the Company’s branches.
· Reporting daily sales reports to regional managers and branch managers.
· Reporting the daily cash balances for each branch and consolidating the results for the Company.
· Preparing monthly financial statements and variance reports accurately and on timely basis.
· Over time work with Pricing Department to verify whether the item are priced correctly and are profit generating.
· Analyze revenues and costs across the company and specifically for the branches. Overtime issue gross profit analysis per branch.
Cash Management
· Monitoring and reporting daily cash position across all branches to ensure sufficient liquidity
· Group-wide cash forecasting, including preparation of consolidated 3-month and 12-month cash flow forecast
· Preparation of the monthly bank reconciliations verifying that cash balances matches between company’s books and issued bank statements.
Technology
· Implement a fit-for-purpose ERP system that serves the Company’s operations.
· Working with IT Manager to implement, train and roll-out the new financial system.
· Evaluate computerized accounting systems and provide recommendations to IT team for performance improvements.
Job Functions:
· To manage staff accountants and all departments as they relate to the service of the financial reporting and transactional accounting of the company.
· Applies principles of accounting to analyze financial information and prepare financial reports for multiple affiliates
· Accomplishes tasks and seeks to add value for the company’s managers
Job Details
| Posted Date: | 2019-07-25 |
| Job Location: | Jeddah , Saudi Arabia |
| Job Role: | Accounting and Auditing |
| Company Industry: | Accounting/Auditing |
Preferred Candidate
| Career Level: | Management |
| Nationality: | United Arab Emirates; Bahrain; Djibouti; Algeria; Egypt; Iraq; Jordan; Comoros; Kuwait; Lebanon; Libya; Morocco; Mauritania; Oman; Palestine; Qatar; Saudi Arabia; Sudan; Somalia; Syria; Tunisia; Yemen |
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