Accountant ERP

About the Role

Foodics is seeking an Accountant ERP to join its team in Riyadh, Saudi Arabia. This full-time role requires a skilled accountant with a strong background in financial reporting, revenue recognition, and regulatory compliance, ideally within the SaaS and restaurant industries. The position involves managing accounting operations and collaborating with the Product team to enhance the ERP/Accounting product.

Key Responsibilities

• Manage daily accounting operations, including Accounts Payable (AP), Accounts Receivable (AR), and bank reconciliations.
• Maintain and reconcile general ledger accounts, ensuring accuracy and completeness.
• Prepare and review financial statements in compliance with IFRS/GAAP standards.
• Support month-end and year-end closing activities, ensuring timely and accurate reporting.
• Ensure compliance with local tax regulations, including VAT, income tax, and other applicable financial requirements.
• Oversee subscription billing cycles, deferred revenue, and recurring revenue reporting.
• Monitor customer contracts, invoicing, and revenue recognition in line with SaaS accounting standards.
• Reconcile deferred revenue schedules and ensure accurate ARR (Annual Recurring Revenue) and MRR (Monthly Recurring Revenue) calculations.
• Support the accounting treatment of different revenue streams and subscription models.
• Support budgeting, forecasting, and financial planning across revenue streams.
• Analyze financial data and identify discrepancies, trends, and opportunities for improvement.
• Identify and implement process improvements to enhance accounting efficiency and accuracy.
• Contribute to the automation and optimization of financial processes.
• Support internal and external audits by preparing financial documentation and providing relevant insights.
• Maintain effective internal controls to safeguard company assets and ensure financial integrity.
• Establish and implement best practices in accounting operations, financial reporting, and compliance.
• Support intercompany reconciliations and ensure proper documentation of related-party transactions.

Collaboration with Product Team

• Work closely with the Product team to test, validate, and provide accounting expertise on ERP/Accounting product features and functionalities.
• Collaborate to enhance the ERP/Accounting product, ensuring it meets real-world accounting and operational requirements.

Qualifications and Experience

• A minimum of 4 years of accounting experience is required, with a range of 2-5 years preferred.
• Solid understanding of SaaS financial operations.
• Hands-on experience managing accounting for restaurant businesses in Saudi Arabia.
• Strong background in financial reporting, revenue recognition, and regulatory compliance.

Work Environment and Culture

Foodics fosters an inclusive and diverse culture that encourages innovation and flexibility in offices. The company offers competitive compensation packages and prioritizes personal development through regular training and an annual learning stipend. The team comprises over 30 nationalities working in 14 countries.