Senior Accountant📣 Job Ad

About the Senior Accountant Role at Chalhoub Group

Chalhoub Group, a prominent luxury experience partner in the Middle East for over seven decades, is seeking a Senior Accountant to join its team in Makkah. This full-time position will contribute to the Group's operations across Jeddah and Makkah. Chalhoub Group operates as a hybrid luxury retailer, managing over 10 owned brands and distributing for more than 400 international names across fashion, beauty, jewelry, watches, eyewear, and art de vivre categories. The company fosters a culture centered on people, diversity, equity, inclusion, and forward-thinking innovation, bringing together over 16,000 professionals across eight Middle Eastern countries and LATAM. Sustainability is a core strategic pillar for the Group.

Role Overview and Responsibilities

The Senior Accountant will be responsible for the reconciliation of all employee and business unit accounts in accordance with established accounting policies, procedures, and international standards. This role requires adherence to accounting standards and the ability to provide technical accounting support and interpretation to business units. The position involves managing day-to-day activities with minimal supervision, following up on escalated issues from junior team members, and ensuring the continuity of work.

Key Accounting and Reconciliation Duties

• Reconcile all accounts and financial records for business units, ensuring no long-outstanding items.
• Verify and review monthly bank reconciliations, ensuring adequacy to prevent fraud or inaccuracies, and sign off on them.
• Maintain accounting and financial records for related business units and direct the installation and maintenance of accounting records.
• Support cash management, banking operations, vendor relationships, and ERP system implementation.
• Oversee the preparation of monthly management reports, including accompanying schedules, worksheets, and narratives.
• Provide comprehensive financial and accounting advice and reports to business unit managers.
• Prepare studies, reports, and interpretations for management decision-making.
• Ensure accurate accounting and adequate internal control in cash collection and banking.

Accounts Receivable and Intercompany Management

• Enforce accounting standards during audits of billing, inter-company payables, and receivables.
• Ensure all third-party customer accounts and Intercompany customer/supplier accounts are fully reconciled.
• Oversee the verification and reconciliation of third-party and Intercompany invoices and balances.
• Ensure monthly statements of accounts are sent to customers and oversee the preparation of Intercompany reconciliations and resolution of outstanding items.
• Participate in cost analyses and rate studies, and prepare "Budget vs. Actual" variance reports.

Year-End Closing and External Coordination

• Plan, manage, coordinate, and implement year-end closing processes for assigned accounting records.
• Ensure monthly closing procedures are completed smoothly and align with the company's timetable.
• Liaise with HR regarding financial and timely payment arrangements for monthly payroll.
• Coordinate with external auditors, providing necessary data and ensuring timely completion of audits within group deadlines.
• Interact with IT for system enhancements and improvements.

Qualifications and Experience

• Bachelor's degree in Accounting, Finance, or a related field.
• A minimum of 5 to 10 years of experience in accounting is required.
• Fluency in English is essential.
• Proficiency in Microsoft Office Suite.
• Strong communication skills.