Accounting Manager

About the Role

UCC Holding is seeking an experienced Accounting Manager to oversee financial accounting and reporting for its operations in Riyadh, Saudi Arabia. This full-time role supports large-scale construction and infrastructure projects, requiring a senior finance professional with extensive experience in a Tier-1 contractor, EPC, or major construction organization. The position combines strong technical accounting expertise with a comprehensive understanding of project financials, commercial operations, cash flow, and financial controls.

Key Responsibilities

• Lead financial accounting, monthly closing, management reporting, and statutory financial reporting in accordance with IFRS and Group policies.
• Oversee project accounting, including Work-in-Progress (WIP), accruals, provisions, commitments, cost allocation, project profitability, and cost-to-complete.
• Ensure appropriate IFRS 15 revenue recognition for construction contracts, including variations, claims, change orders, contract assets/liabilities, and unbilled revenue.
• Partner with Commercial, Contracts, Project Controls, Procurement, and Project Management teams to ensure accurate project financial reporting and forecasting.
• Oversee subcontractor and supplier accounting, including advances, retentions, accruals, certifications, payments, and reconciliations.
• Drive accounts receivable, collections, working capital, and project cash-flow management, identifying risks and opportunities for improvement.
• Ensure compliance with ZATCA, VAT, Zakat/tax, GOSI, and other applicable Saudi statutory requirements.
• Manage internal and external audits, ensuring robust reconciliations, documentation, controls, and timely closure of audit observations.
• Maintain strong financial governance and internal controls across project and corporate operations.
• Ensure accuracy and integrity of financial data through SAP ERP, including effective utilization of relevant SAP finance and project-accounting processes.
• Support continuous improvement, automation, and standardization of accounting and reporting processes within SAP.
• Lead, develop, and mentor the accounting team, fostering a high-performance and accountable culture.
• Provide senior management with timely insights on project financial performance, margins, cash flow, risks, and emerging financial issues.

Qualifications and Experience

• Over 10 years of experience in financial accounting and reporting, preferably within a Tier-1 contractor, EPC, or major construction organization.
• Proven expertise in technical accounting, IFRS, and project financials.
• Comprehensive understanding of commercial operations, cash flow management, and financial controls.
• Experience with SAP ERP systems, particularly finance and project-accounting modules.
• Familiarity with Saudi statutory requirements, including ZATCA, VAT, Zakat/tax, and GOSI.

Work Environment

This role is based in Riyadh, Saudi Arabia, and operates on a full-time basis. The Accounting Manager will be part of a dynamic team supporting significant construction and infrastructure projects within the region.

Application Process

Candidates who meet the specified qualifications are encouraged to apply. Salary details will be discussed during the interview process.