Overview

Chief Accountant Job in Saudi Arabia at ALIYA EXECUTIVE CONTRACTING COMPANY




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Job Description

The Chief Accountant will be responsible for providing financial and business analysis support for the Company. The role will lead all financial forecasting and analysis activities for the division while partnering with Project Managers and other Concerned Heads to provide a high level of support. The role requires a highly motivated and result-oriented individual with strong analytical skills, who should use data-driven analysis to draw actionable insights and influence decision-makers. The position provides leadership and coordination in the operational accounting and related budgeting activities of the division and ensures that reported results comply with VAT, General authority for Zakat & Tax policies. The position leads all financial administration and fiscal management of a business unit and communicates any potential profitability or risk to the Construction Controller, while overseeing Accounting staff.

Review operational and construction budgets and analyze variances against budget and prior

months’ costs.

Responsibilities:

  • Design and issue regular reporting to Divisional leaders.
  • Provide proactive analytics and reporting to improve forecasting, align results, draw insights and influence action.
  • Analyze and develop new metrics/reports, looking for trends and discrepancies.
  • Make suggestions regarding process improvements and assist with the implementation of new systems.
  • Perform a variety of accounting and finance duties including reconciliations, assisting with financial analysis, and budgeting.
  • Manage the general ledger, monthly closing process and preparation of monthly and annual financial statements in accordance with VAT, General authority for Zakat &Tax policies.
  • Support the accountant with oversight of the accounting and finance functions.
  • Guide, coach, and develop accounting team members to support growth of business unit accounting.

Supervisory Responsibility:

  • The Chief Accountant oversees the Accountants.
  • Leading the financial team in the implementing process of new ERP system.
  • Participating with other teams (Procurement, Projects and HCM) in the implementing process of the ERP.
  • Managing and coordinating accounting team to complete assigned accounting tasks within deadlines
  • Implementing the Closing Procedure at year end with all required adjustment and allocating entries, creating percentage of completion report and running profit recognition report.
  • Issuing the trial balance and financial statements.
  • Preparing all audits’ requirement and working closely with the audit team to get the audited financial statements ASAP.
  • Reviewing and recommending changes to existing accounting procedures.
  • Reporting: Managing and assisting the preparation and distribution of internal financial reports for various areas (A/P, A/R, GL, Payroll) maintaining the highest quality, reliability and accuracy. Preparing financial statements analysis report to analyze the company performance and profitability using financial ratios and other instruments.
  • Budgeting: Coordinating the annual budget process. Preparing consolidated budget and analyzing trends in revenues and expenses. Tracking expenses and revenues vs. budget and analyzing fluctuations. Analyzing variances by monthly reviews with senior management. Preparing Budgeted cash flow.
  • – Treasury: Directing daily cash operations (monitor daily cash balances, allocate and approve daily cash transactions, prepare cash forecast, etc.). Page 2 of 2 Managing current accounts and bank relations to ensure accurate maintenance of bank accounts balances Reviewing and driving improvements in cash management, ensuring financial obligations are met in accordance with company policies and procedures. Supporting and following up standby letters of credit and bank guarantees requirements. Issuing new letters of credit and bank guarantees regarding company’s needs.
  • Accounts Payable: Reviewing all invoices for appropriate documentation and approval prior to payment. Verifying the accuracy of A/P outputs to insure correct coding of vendor, cost center, general ledger account and invoice amount and processing checks requests. Processing subcontractors’ payments applications for monthly billings. Matching invoices to checks, obtaining all needed signatures approvals for checks and wire transfers. Reconciling vendors’ accounts and promptly researching and correcting any variances. Responding to all vendor inquiries. Investigating and resolving problems associated with processing of invoices and purchase orders.
  • Supervisory Controls:
  • The Accounting Manager reports to the Finance Manager.

Skills

Specific Requirements Include:

  • Bachelor’s Degree in accounting and/or finance required.
  • 5 to 7 years of progressive accounting experience.
  • Experience in job cost accounting and financial reporting.
  • 2 to 4 years on Construction Management or General Contracting or Subcontractor industry experience.
  • Understanding of VAT, General authority for Zakat & Tax policies required.
  • Extensive experience with subcontractors accounting and calculations.

Key skills

  • Communication and active listening
  • Team working
  • Technical skills
  • An eye for detail
  • Excellent organizational and time-management skills
  • A team player with leadership abilities
  • Problem solving
  • Drive for results
  • Optimization of costs &resources
  • Commercial awareness – an understanding of how your actions can affect profitability of a project
  • Challenging spirit
  • Adaptability, flexibility and open minded
  • Very good written & spoken English language
  • Ability to work under stress – planning skills leadership details-oriented personality.
  • Computer literate
  • Ability to work across cultural and organizational boundaries and operate successfully in a matrix
  • healthy business environment.

Job Details

Job Location
Saudi Arabia

Company Industry
Construction & Building

Company Type
Employer (Private Sector)

Job Role
Accounting and Auditing

Employment Type
Unspecified

Monthly Salary Range
Unspecified

Number of Vacancies
Unspecified

Preferred Candidate

Career Level
Management

Residence Location
Saudi Arabia

About Company

Company: ALIYA EXECUTIVE CONTRACTING COMPANY

Company Location:  Saudi Arabia

Job Category: Construction & Building

About ALIYA EXECUTIVE CONTRACTING COMPANY