Accountant

About Eaton

Eaton is a power management company focused on delivering energy-efficient solutions. The company aims to help customers manage electrical, hydraulic, and mechanical power more efficiently, safely, and sustainably. With approximately 96,000 employees, Eaton serves customers in over 175 countries, committed to enhancing quality of life and the environment through its power management technology and services.

Role Overview: Accountant

Eaton is seeking an Accountant for a full-time position in Dammam. This role is responsible for managing and maintaining the organization’s financial records, ensuring accuracy, compliance, and timely financial reporting. The Accountant supports business decision-making by preparing financial reports, monitoring financial transactions, analyzing costs and variances, and ensuring adherence to accounting standards and company policies. The position requires 3-5 years of relevant experience.

Key Responsibilities

• Support the global Accounts Payable team in ensuring the accuracy of supplier invoices and goods receipts, coordinating with local buyers to resolve purchase order discrepancies.
• Lead document control activities, including preparing, reviewing, and submitting Letter of Credit (L/C) documentation to banks, ensuring compliance with L/C terms.
• Prepare and submit customer invoices with all required supporting documentation via online portals and physical delivery channels.
• Conduct weekly plant reviews, focusing on operational variable expense deviations between actuals and forecasts, and follow up on corrective actions.
• Maintain and archive business documentation, including contracts, financial documents, company certificates, retention records, and legal documents.
• Monitor scrap sales processes, prepare requests, obtain approvals, coordinate invoicing, and follow up on payment completion.
• Participate in all Annual Physical Inventory finance activities, including physical counts, variance analysis, and related controls.
• Review the ZATCA portal to monitor customer e-invoice status and ensure compliance of material descriptions.
• Investigate and analyze rejected e-invoices in the ZATCA portal, coordinating with Customer Service to correct data-entry issues.
• Investigate, analyze, and report on manufacturing costs and variances, including price, production, margin, scrap, waste, and labor efficiency.
• Liaise with Sales and Operations to minimize the impact of excess and obsolete (E&O) inventory.
• Review and validate Proof of Delivery (POD) documentation to support accurate revenue recognition.
• Prepare and report CAPEX documentation, ensuring expenditures are accurately tracked in Oracle and SAP.
• Support ad hoc financial reporting and other finance-related activities as required.

Company Culture and Development

Eaton offers a work environment within a company with over 100 years of industry presence and impact on the energy sector. The company is committed to Inclusion & Diversity and Sustainability. Employees benefit from an annual mentoring program, Eaton University, and a reward and recognition system. Opportunities for ongoing learning and career development are available within a global company, supported by strong, agile, and diverse local and global teams. The company provides structured employee development processes, an open feedback culture with development plans, detailed induction support, and a well-structured onboarding process. A hybrid worktime model supports work-life balance.