Financial Accountant

About the Financial Accountant Role

Alkhorayef Petroleum Company is seeking a dedicated Financial Accountant to join its team in Dammam, Eastern Province, Saudi Arabia. This full-time position requires 2-5 years of relevant experience in financial accounting and reporting.

Role Purpose and Contribution

The Financial Accountant will play a crucial role in maintaining the accuracy and integrity of financial records, preparing essential financial statements and reports, and ensuring compliance with accounting standards. This position is central to supporting effective financial operations and informed decision-making within the company.

Key Responsibilities

• Prepare monthly financial statements by collecting data, analyzing and investigating variances, and summarizing financial information and trends.
• Assemble and validate financial data for quarterly and annual financial reports.
• Respond to financial inquiries by gathering, analyzing, summarizing, and interpreting financial information.
• Prepare special financial reports, including variance analysis, budget preparation, and forecast development.
• Process accounts payable transactions, ensuring invoices are accurately verified, approved, and paid in accordance with company policies and payment terms.
• Maintain accounts receivable records by issuing customer invoices, monitoring outstanding balances, and following up on overdue payments.
• Reconcile accounts payable and accounts receivable ledgers to ensure accuracy and resolve discrepancies in a timely manner.
• Perform vendor and customer account reconciliations, investigating and resolving payment or billing issues.
• Support month-end and year-end closing activities, including preparation of accruals, reconciliations, and related journal entries.
• Monitor cash inflows and outflows related to receivables and payables to support effective cash flow management.
• Assist in maintaining accurate financial records and ensure compliance with internal controls, accounting standards, and company policies.
• Collaborate with internal departments, customers, and vendors to resolve invoice, payment, and account-related issues.
• Support internal and external audits by preparing financial documentation and responding to audit requests.
• Accomplish finance and organizational objectives by completing assigned accounting and financial tasks as required.

Required Experience and Skills

Candidates for this role should possess 2-5 years of professional experience in financial accounting. Strong analytical skills, attention to detail, and proficiency in financial reporting, reconciliation, and general ledger management are essential for success in this position.

Work Environment and Location

This is a full-time position based in Dammam, Eastern Province, Saudi Arabia. The role involves working collaboratively within the finance department and across various internal and external stakeholders to ensure smooth financial operations.

Application Information

Interested candidates who meet the specified requirements are encouraged to apply for this position.