About the Role
Geoharbour Middle East is seeking a competent and hands-on Senior Accountant to join our team in Al Khobar, Saudi Arabia. This role is crucial for taking ownership of our accounting operations, ensuring compliance with IFRS and ZATCA regulations, and managing statutory filings. The ideal candidate will possess solid experience in financial reporting, Saudi tax compliance, and audit coordination, contributing significantly to the accuracy and efficiency of our financial processes. This full-time position offers an excellent opportunity for a seasoned accounting professional to make a substantial impact within a dynamic organization. Experience in the UAE and GCC countries' accounting environments is considered a valuable asset.
Key Responsibilities
- Prepare and review monthly, quarterly, and annual financial statements in accordance with International Financial Reporting Standards (IFRS).
- Manage the month-end and year-end closing processes, ensuring accuracy and timely reporting.
- Handle the preparation, declaration, and submission of Value Added Tax (VAT) and Withholding Tax (WHT) in full compliance with ZATCA regulations.
- Coordinate effectively with external auditors and tax authorities, including the preparation of audit schedules, supporting documentation, and audit reports.
- Maintain and reconcile the general ledger, bank accounts, and balance sheet accounts, promptly resolving any identified discrepancies.
- Manage and monitor accounts payable and accounts receivable processes, including the issuance of tax invoices and tracking of accounts receivable.
- Review expense claims, payment requests, and reimbursement vouchers to ensure adherence to company policies and procedures.
- Maintain proper filing of original documentation in line with local regulatory requirements and internal control standards.
- Manage fixed asset registers and ensure accurate depreciation schedules are maintained.
- Conduct variance analysis and provide insightful financial reports and recommendations to management.
- Support the preparation and ongoing monitoring of budgets and financial forecasts.
- Liaise with internal departments, including HR, Procurement, and Operations, on various financial matters.
- Maintain effective communication with ZATCA and stay consistently updated on any regulatory changes impacting accounting practices.
- Assist in the continuous improvement of accounting processes, internal controls, and reporting efficiency.
Qualifications and Requirements
- A Bachelor's degree in Accounting, Finance, or a closely related field is required.
- A Master's degree in Accounting or Finance is considered an advantage.
- Professional accounting certifications such as ACCA, CPA, or CMA are preferred.
- A minimum of 5 years of relevant accounting experience is essential.
- Strong knowledge of IFRS and Saudi tax regulations is mandatory.
- Hands-on experience with VAT and Withholding Tax (ZATCA) is required.
- Proven experience in audit coordination and statutory reporting.
- Proficiency in accounting systems and advanced skills in Microsoft Excel.
- Experience in the UAE accounting environment is a plus.
- Experience in construction, engineering, or project-based companies is considered an advantage.
- Strong analytical, organizational, and communication skills are necessary.
- The ability to work independently and meet tight deadlines is crucial.
- Arabic language proficiency is preferred.
Key Skills and Competencies
- Financial Reporting
- Saudi Tax Compliance
- Audit Coordination
- IFRS Compliance
- ZATCA Regulations
- VAT and Withholding Tax (WHT)
- General Ledger Management
- Bank Reconciliation
- Balance Sheet Reconciliation
- Accounts Payable
- Accounts Receivable
- Tax Invoice Issuance
- Expense Claim Review
- Fixed Asset Register Management
- Depreciation Schedule Calculation
- Variance Analysis
- Budgeting and Forecasting
- Internal Controls Implementation
- Accounting Systems Proficiency
- Advanced MS Excel Skills
- Analytical Skills
- Organizational Skills
- Communication Skills
- UAE Accounting Environment Knowledge
- Construction Accounting Experience
- Engineering Accounting Experience
- Project-based Accounting Experience
Work Environment and Details
This is a full-time position based in Al Khobar, Eastern Province, Saudi Arabia. The role requires a minimum of 5 years of relevant accounting experience, with a preference for candidates with 5-10 years of experience. The company operates within the construction and engineering sectors, and experience in these industries is considered an advantage.
