Chief Accountant
Full time
at Saudi Petroleum Services Polytechnic
in
Saudi Arabia
Posted on December 29, 2024
Job details
The Chief Accountant manages the accounting functions within an organization, ensuring accuracy, integrity, and compliance with accounting standards and regulatory requirements. They are responsible for supervising the accounting team, providing guidance, training, and support to ensure accurate and timely financial reporting. Additionally, the Chief Accountant plays a key role in developing and implementing accounting policies, procedures, and controls to safeguard assets and mitigate financial risks. They also manage relationships with external stakeholders, such as auditors, tax authorities, and regulatory bodies, to ensure compliance with audit requirements and regulatory standards.
Job Description
Job Summary The Chief Accountant manages the accounting functions within an organization, ensuring accuracy, integrity, and compliance with accounting standards and regulatory requirements. They are responsible for supervising the accounting team, providing guidance, training, and support to ensure accurate and timely financial reporting. Additionally, the Chief Accountant plays a key role in developing and implementing accounting policies, procedures, and controls to safeguard assets and mitigate financial risks. They also manage relationships with external stakeholders, such as auditors, tax authorities, and regulatory bodies, to ensure compliance with audit requirements and regulatory standards. Job Responsibilities- Oversee and manage the accounting department, ensuring accurate and timely recording of financial transactions in compliance with accounting standards and regulations.
- Supervise and provide leadership to accounting staff, including hiring, training, and performance evaluation, to maintain a high level of productivity and professionalism within the team.
- Develop and implement accounting policies, procedures, and controls to ensure the integrity of financial data and safeguard Company assets.
- Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements, to provide accurate and timely financial information to management and stakeholders.
- Manage the month-end and year-end closing processes, including reconciliations, accruals, and adjustments, to ensure completeness and accuracy of financial reporting.
- Coordinate and liaise with external auditors, tax authorities, and regulatory agencies to facilitate audits, reviews, and compliance with regulatory requirements.
- Provide financial analysis and insights to senior management, including variance analysis, trend analysis, and key performance indicators, to support decision-making and strategic planning.
- Monitor and analyze financial performance, identifying areas for improvement and making recommendations for cost reduction, revenue enhancement, and operational efficiency.
- Develop and maintain relationships with internal stakeholders, such as department heads and business unit leaders, to provide financial guidance, support, and expertise as needed.
- Stay abreast of changes in accounting standards, regulations, and industry trends, and ensure compliance and alignment with best practices in accounting and financial reporting.
- Extensive knowledge of accounting principles, financial reporting standards, and regulatory requirements to ensure accurate and compliant financial reporting.
- Strong leadership and team management skills are essential for effectively supervising and motivating the accounting team, fostering a collaborative and high-performing work environment.
- Proficiency in accounting software and ERP systems is necessary for managing financial transactions, generating reports, and maintaining financial records efficiently.
- Excellent analytical skills are vital for interpreting financial data, conducting variance analysis, and identifying trends or anomalies within financial reports.
- Experience in financial statement preparation, budgeting, and forecasting enables the Chief Accountant to provide strategic insights and recommendations to senior management.
- ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.
- Collaboration
- Accountability
- Resilience
- Quality
- Leadership
- Financial Leadership L3
- Accounting Methods L3
- Reconciliation L3
- Financial Reporting L3
- Payroll & Benefits Administration L3
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