Accounting Manager E Commerce📣 Job Ad

About the Role

Florose is seeking an Accounting Manager – E-Commerce to lead and manage the company's accounting operations in Jeddah. This full-time role is crucial for ensuring the accuracy and integrity of financial records, maintaining timely financial close processes, and ensuring compliance with accounting standards and regulations. The position requires 5-10 years of experience and focuses on managing the end-to-end accounting cycle for e-commerce operations.

Job Purpose

The Accounting Manager is responsible for overseeing all accounting operations, ensuring financial records and statements are accurate and complete. This includes maintaining timely financial close processes and reconciliations, and ensuring adherence to applicable accounting standards, tax, and zakat regulations. A key aspect of the role involves establishing and controlling the accounting cycle for e-commerce, encompassing digital sales, payment gateways, inventory, COGS, returns, refunds, discounts, logistics settlements, and marketplace activities, with integration into the ERP system and bank accounts.

Key Duties

• Lead and manage the Accounting Department, including workload allocation, performance management, coaching, and team development.
• Oversee the General Ledger (GL) to ensure accuracy, completeness, and appropriate classification of all accounting entries.
• Review and approve journal entries, bank reconciliations, account reconciliations, and balance sheet schedules.
• Oversee Accounts Payable (AP), Accounts Receivable (AR), fixed assets, accruals, prepayments, expenses, and other accounting processes.
• Lead monthly, quarterly, and annual financial close processes according to established timelines.
• Prepare and review periodic financial statements and accounting reports for accuracy before submission to the Finance Manager and executive management.
• Review trial balances, investigate unusual balances and accounting discrepancies, and ensure timely resolution.
• Maintain and enhance the Chart of Accounts to align with the Company’s business model, products, channels, and reporting requirements.

E-commerce Accounting Responsibilities

• Oversee the complete accounting cycle for e-commerce sales across all digital channels and platforms.
• Ensure accurate reconciliation between customer orders, sales transactions, invoices, collections, payment gateways, bank settlements, and the ERP system.
• Review and reconcile transactions processed through various payment methods and gateways, including Mada, Visa, Mastercard, Apple Pay, and STC Pay.
• Monitor and investigate differences between recorded sales, actual collections, gateway fees, commissions, refunds, and bank settlements.
• Oversee the accounting treatment of returns, exchanges, refunds, cancellations, discounts, vouchers, coupons, and promotional campaigns.
• Review the accounting and reconciliation of Cash on Delivery (COD) transactions, including collections made through logistics providers.
• Review and reconcile logistics and shipping company settlements, including shipping charges and amounts collected on behalf of the Company.
• Oversee marketplace reconciliations, including sales, commissions, platform fees, returns, refunds, deductions, and financial settlements.
• Ensure completeness of revenue recognition and identify any unrecorded, duplicated, or unreconciled orders, sales, or collections.

Experience and Work Type

This role requires 5-10 years of relevant experience in accounting, with a strong focus on e-commerce operations. It is a full-time position based in Jeddah.

Application Process

Florose invites qualified candidates to apply for this Accounting Manager position. Salary details will be discussed during the interview process.