Senior Construction Accountant

About Bestkey

Position Summary

Key Responsibilitiesfinancial Management

• Manage the company's accounting and finance operations.
• Prepare monthly, quarterly, and annual financial statements.
• Develop budgets and financial forecasts.
• Monitor company profitability and financial performance.
• Manage accounts payable, accounts receivable, payroll, and banking relationships.

Construction Project Accounting

• Maintain project budgets and job costing.
• Track project profitability by project and cost code.
• Monitor labor, subcontractor, equipment, and material costs.
• Prepare budget vs. actual reports.
• Forecast project completion costs and margins.

Material & Inventory Management

• Implement systems to track construction materials from purchase through installation.
• Monitor inventory levels and material usage.
• Reduce material wastage and identify cost-saving opportunities.
• Reconcile purchase orders, supplier invoices, warehouse inventory, and project consumption.

Procurement & Cost Control

• Review supplier quotations and purchase orders.
• Monitor committed costs versus actual costs.
• Track subcontractor payments and supplier balances.
• Improve procurement controls and approval workflows.

Cash Flow Management

• Prepare weekly and monthly cash flow forecasts.
• Monitor collections and outstanding receivables.
• Manage supplier payment schedules.
• Ensure sufficient working capital for ongoing projects.

Erp Implementation & Process Improvement

• Lead the selection and implementation of an ERP system.
• Configure finance, procurement, inventory, project costing, and reporting modules.
• Develop standard operating procedures (SOPs) for finance and operations.
• Integrate accounting with procurement, warehouse, and project management.
• Train staff on ERP usage and best practices.
• Continuously improve financial processes and internal controls.

Financial Reporting & Analytics

• Build executive dashboards and KPIs.
• Develop reports for project profitability, cash flow, inventory, procurement, and budget performance.
• Provide financial insights to support business decisions.

Compliance & Governance

• Ensure compliance with Saudi regulations and accounting standards.
• Coordinate with external auditors and tax consultants.
• Maintain accurate financial records and documentation.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• CPA, CMA, ACCA, or equivalent certification preferred.
• 5+ years of experience in construction accounting or project finance.
• Proven experience implementing ERP systems such as Odoo, SAP Business One, Oracle NetSuite, Microsoft Dynamics 365, Sage, or similar.
• Strong knowledge of job costing, project accounting, inventory management, procurement, and financial controls.
• Advanced Microsoft Excel and financial reporting skills.
• **Fluent in both Arabic and English (spoken and written).**

Key Skills

• Construction Accounting
• Job Costing

• Cash Flow Management

• ERP Implementation

• Financial Reporting & Dashboards

• Internal Controls
• Process Improvement

Key Performance Indicators (Kpis)

• Project profitability
• Budget adherence
• Cash flow accuracy
• Material cost variance
• Inventory accuracy
• Reduction in project cost overruns
• On-time financial reporting
• ERP implementation success
• Accounts receivable collection period
• Supplier payment efficiency
• Gross profit margin improvement
• Pay: ﷼2,148.84 - ﷼4,500.00 per month