Accountant

About the Role

Eaton is seeking an Accountant to join their team in Dammam, Eastern Region. This full-time role involves managing and maintaining the organization’s financial records, ensuring accuracy, compliance, and timely financial reporting. The Accountant will support business decision-making by preparing financial reports, monitoring financial transactions, analyzing costs and variances, and ensuring adherence to accounting standards and company policies.

Key Responsibilities

• Support the global Accounts Payable (AP) team in ensuring the accuracy of supplier invoices and goods receipts.
• Coordinate with local buyers to resolve purchase order discrepancies against invoices before submission for payment.
• Lead document control activities, including preparing and reviewing Letter of Credit (L/C) documentation, consolidating required documents, checking compliance with L/C terms, and submitting documentation to banks.
• Prepare and submit customer invoices with all required supporting documentation through online customer 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 scrap sale requests, obtain management approvals, coordinate customer invoicing, and follow up on payment completion.
• Participate in all Annual Physical Inventory (API) finance activities, including physical inventory counts, variance analysis, and related controls.
• Review the ZATCA portal to monitor customer e-invoice status and ensure material descriptions comply with applicable requirements.
• Monitor and investigate rejected e-invoices in the ZATCA portal, analyze error messages, and coordinate with Customer Service to correct data-entry issues.
• Investigate, analyze, and report on manufacturing costs and variances, including price variances, production variances, margin analysis, scrap and 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 in a timely manner.
• Support ad hoc financial reporting and other finance-related activities as required.

Qualifications and Experience

• 2-5 years of experience in an accounting role.

What Eaton Offers

• Opportunity to be part of a company with over 100 years of industry presence and significant impact on the energy sector.
• Work within a company committed to Inclusion & Diversity and Sustainability.
• Access to an annual mentoring program, Eaton University, and a reward and recognition system.
• Ongoing learning and career development opportunities within a global company, with options for internal applications worldwide.
• Collaboration with a strong, agile, and diverse team both locally and globally.
• Utilization of strong processes and state-of-the-art systems and tools.
• Structured employee development processes and an open feedback culture with development plans.
• Detailed induction support and a well-structured onboarding process.
• A hybrid worktime model to support work-life balance.