Senior Accountant

Full time at Peninsula Pictures in Saudi Arabia

Posted on January 24, 2025

Job details

We are seeking a highly skilled and experienced Senior Accountant to join our finance team. The ideal candidate will oversee accounting operations, ensure compliance with local and international accounting standards, and provide valuable financial insights. This role requires strong knowledge of Saudi tax laws, accounting principles (SOCPA & IFRS), and financial reporting.

Key Responsibilities

Financial Reporting:

Prepare accurate monthly, quarterly, and annual financial statements in compliance with International Financial Reporting Standards (IFRS) and Saudi Organization for Certified Public Accountants (SOCPA) guidelines.
Manage the year-end closing process, ensuring timely submission of financial reports.

General Ledger & Reconciliations:

Maintain the general ledger, ensuring all transactions are recorded accurately.
Perform regular reconciliations of bank accounts, accounts receivable, and accounts payable.
Ensure timely and accurate posting of journal entries and adjustments.

Tax Compliance:

Manage the preparation and submission of Zakat and VAT returns in compliance with GAZT (General Authority of Zakat and Tax) regulations.
Assist in tax audits and implement tax-efficient strategies to minimize tax liabilities.

Budgeting & Forecasting:

Assist in the preparation of annual budgets, financial forecasts, and variance analysis.
Monitor actual performance against the budget and provide insights and recommendations for improvements.

Accounts Payable & Receivable:

Oversee the accounts payable and receivable functions, ensuring timely processing and payments.
Resolve any discrepancies and maintain accurate aging reports.

Internal Controls:

Develop and maintain strong internal controls to safeguard company assets and ensure the integrity of financial reporting.
Assist in internal and external audits, providing necessary documentation and responses to auditor inquiries.

Cash Flow Management:

Monitor and manage cash flows, ensuring adequate liquidity for operations.
Assist in managing banking relationships and financial facilities (if applicable).

Financial Analysis:

Conduct in-depth financial analysis to support business decisions, including profitability, cost control, and expense management.
Prepare financial reports and present key insights to senior management.

Team Supervision:

Supervise junior accountants and provide training and mentorship.
Review the work of accounting staff to ensure accuracy and compliance with accounting standards.

ERP & Accounting Software:

Manage the implementation and maintenance of the company's ERP system (e.g., SAP, Oracle, Odoo, QuickBooks).
Ensure the integrity of financial data in the system and coordinate with IT for any upgrades or issues.

Compliance & Regulatory Updates:

Stay updated on changes to tax laws, SOCPA guidelines, and IFRS regulations in Saudi Arabia.
Implement necessary changes to accounting policies and procedures to ensure compliance.

Requirements

Bachelor's degree in Accounting, Finance, or a related field.
4 to 7 years accounting experience.
Proficiency in ERP systems Odoo and advanced skills in Microsoft Excel.
Strong knowledge of IFRS, Zakat, and VAT regulations.
Experience with Saudi tax laws and compliance requirements.
Excellent communication skills, both written and verbal.
Ability to work under pressure and meet deadlines in a fast-paced environment.

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Hiring company

Peninsula Pictures

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Senior Accountant

Job details

Key Responsibilities

Requirements

Apply safely

Hiring company

Peninsula Pictures

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