Overview:
An accountant is responsible for managing and maintaining financial records, ensuring compliance with accounting standards and regulations, and supporting financial decision-making processes. They play a critical role in maintaining the financial health of an organization by analyzing data, preparing reports, and advising on financial strategies.
Key Responsibilities:
1. Financial Record Keeping:
Maintain accurate and up-to-date financial records.
Record financial transactions such as income, expenses, and liabilities.
Manage accounts payable and receivable.
2. Budgeting and Forecasting:
Assist in preparing budgets and financial forecasts.
Monitor actual performance against budgets and provide variance analysis.
3. Taxation and Compliance:
Prepare and file tax returns in compliance with local regulations of KSA
Ensure timely payments of taxes and adherence to tax laws of KSA
Stay updated on changes in tax legislation and accounting standards globally
4. Financial Reporting:
Prepare financial statements, including balance sheets, profit and loss statements, and cash flow statements.
Generate periodic reports for management and stakeholders.
Conduct financial analysis to support decision-making.
5. Audit Support:
Coordinate with internal and external auditors, and accounting Departments
Provide necessary documentation and explanations during audits.
Implement recommendations from audit findings.
6. Cost Control and Analysis:
Analyze operational costs and suggest cost-saving measures.
Review expense reports for accuracy and compliance.
7. Systems and Tools:
Use accounting software and tools (e.g., QuickBooks, SAP, Microsoft Excel).
Implement and maintain financial systems for efficiency.
Qualifications and Skills:
Education:
Bachelor’s degree in Accounting, Finance, or related field.
Professional certifications (e.g., CPA, ACCA, CMA) are a plus.
Skills:
Strong analytical and numerical skills.
Proficiency in accounting software and Microsoft Office.
Excellent attention to detail and organizational skills.
Knowledge of financial regulations and standards (e.g., IFRS, GAAP).
Strong communication and interpersonal skills.
Experience:
Previous experience in accounting or finance roles is preferred 3 to 5 yrs.
Familiarity with industry-specific financial practices – real estate Industry
Working Conditions:
Typically, office-based with a standard 40-hour workweek.
Occasional overtime during tax season, audits, or financial year-end.
Collaboration with cross-functional teams and departments.
