Senior Accountant – Contracting Company

Job Summary

Financial Reporting & Analysis

• Prepare monthly, quarterly, and annual financial statements including balance sheet, profit & loss statement, and cash flow reports.
• Ensure all financial reports are accurate and prepared in accordance with accounting standards and company policies.
• Analyze financial data and provide management with insights related to project profitability, cost control, and financial performance.
• Assist management in budgeting, forecasting, and strategic financial planning.

Project Accounting & Contract Management

• Manage project accounting activities including job costing, revenue recognition, progress billing, retention, and subcontractor payments.
• Monitor project budgets, variations, claims, and project-related expenses.
• Coordinate with project managers to track project costs and ensure proper financial recording.
• Ensure compliance with contract terms and project financial requirements.

General Ledger & Reconciliation

• Maintain and manage the general ledger and ensure accurate posting of all financial transactions.
• Perform monthly reconciliation of bank accounts, supplier accounts, customer accounts, and balance sheet schedules.
• Investigate and resolve discrepancies promptly.

Accounts Payable & Receivable

• Oversee accounts payable and receivable operations.
• Ensure timely processing of invoices, supplier payments, and customer collections.
• Monitor outstanding receivables and follow up on overdue accounts.
• Coordinate with vendors, subcontractors, and clients regarding billing matters.

Payroll & Tax Compliance

• Assist in payroll processing and ensure accurate salary calculations and deductions.
• Ensure compliance with Saudi tax regulations including VAT, withholding tax, and ZATCA requirements.
• Prepare VAT filings and maintain proper tax records and documentation.
• Coordinate with auditors and tax consultants when required.

Cash Flow & Budget Management

• Monitor daily cash flow and maintain adequate liquidity for operational and project needs.
• Assist in preparing annual budgets and financial forecasts.
• Analyze variances between actual and budgeted costs and recommend corrective actions.

Audit & Internal Controls

• Support internal and external audits by preparing financial schedules and supporting documents.
• Ensure compliance with company policies, accounting procedures, and internal controls.
• Maintain organized financial records and documentation.

Experience

• 5–10 years of accounting experience.
• Minimum 3–5 years of experience in contracting or construction companies in Saudi Arabia or GCC.
• Strong knowledge of project accounting and construction financial operations.

Education

• Bachelor’s Degree in Accounting, Finance, or related field.
• Professional certifications such as SOCPA, CPA, ACCA, or CMA are preferred.

Skills

• Strong understanding of accounting standards and financial reporting.
• Knowledge of Saudi VAT regulations, withholding tax, and ZATCA compliance.
• Proficiency in ERP/accounting software such as SAP.
• Advanced Microsoft Excel skills including Pivot Tables, VLOOKUP, and financial analysis.
• Strong analytical, organizational, and problem-solving skills.
• Ability to work under pressure and manage multiple priorities.
• Excellent communication and interpersonal skills.

Language

• Fluency in English is required.
• Arabic language skills will be an advantage.
• Pay: ﷼6,000.00 - ﷼8,000.00 per month