Chief Accountant

About the Role

MACNA is seeking a Chief Accountant to join their team in Riyadh, Saudi Arabia. This full-time role requires a highly experienced, detail-oriented, and technically strong professional to oversee daily accounting operations, ensure accurate and timely financial reporting, and maintain compliance with Saudi Arabian tax regulations. The Chief Accountant will also be responsible for strengthening financial controls across the organization.

Key Responsibilities

• Oversee daily accounting operations, including general ledger, accounts payable, accounts receivable, fixed assets, and bank reconciliations.
• Manage monthly, quarterly, and annual financial closing activities, ensuring accuracy and adherence to deadlines.
• Prepare and review trial balances, balance sheet reconciliations, accruals, prepayments, and adjusting journal entries.
• Ensure financial records comply with IFRS and applicable Saudi Arabian accounting standards.
• Support the preparation of monthly management accounts and consolidated financial statements.
• Oversee intercompany transactions, reconciliations, and elimination entries across group entities.
• Review accounting transactions for accurate classification, supporting documentation, and approval compliance.

VAT, Tax & ZATCA Compliance

• Manage the preparation, review, reconciliation, and submission of VAT returns in accordance with ZATCA regulations.
• Ensure appropriate VAT treatment of local, international, and intercompany transactions.
• Perform monthly reconciliations between VAT returns, general ledger balances, and supporting transaction records.
• Support VAT refund claims, tax assessments, and responses to ZATCA inquiries.
• Maintain compliance with ZATCA e-invoicing requirements and relevant tax documentation.
• Identify VAT exposure and compliance gaps, and recommend process and control improvements.
• Coordinate with external tax advisors on VAT, withholding tax, and other applicable tax matters.

System Management and Analysis

• Demonstrate strong hands-on experience with Microsoft Dynamics 365 Finance (Finance & Operations).
• Manage accounting activities across general ledger, accounts payable, accounts receivable, fixed assets, and banking modules within Dynamics 365.
• Extract, analyze, and reconcile financial data from Dynamics 365.
• Identify and resolve accounting discrepancies, posting errors, and system-related reconciliation issues.
• Support improvements to ERP workflows, transaction controls, reporting, and process automation.
• Ensure accuracy of financial master data, chart of accounts, dimensions, and transaction postings.
• Utilize advanced Excel for reconciliations, financial analyses, and management reports, including Pivot Tables, Pivot Charts, XLOOKUP, SUMIFS, Power Query, and reporting dashboards.

Audit, Controls & Team Leadership

• Coordinate with external auditors during interim and annual financial audits, preparing schedules and resolving queries.
• Maintain robust internal controls over financial transactions, payment processing, and financial reporting.
• Identify process weaknesses and recommend corrective actions.
• Supervise, mentor, and develop accounting team members.
• Build standardized accounting processes and reporting procedures.
• Drive automation, digitalization, and efficiency improvements within the finance function.

Qualifications and Experience

• 2-5 years of relevant experience in accounting.
• Strong knowledge of KSA VAT regulations.
• Advanced Microsoft Excel capabilities.
• Excellent analytical skills.
• Ability to manage accounting teams and multiple entities.