محاسب وقف📣 Job Ad

About the Role

وقف سليمان بن صالح العثيم is seeking a skilled and precise Accountant to join their team in Riyadh, Saudi Arabia. This full-time role involves managing financial and accounting operations to enhance financial oversight, maintain accurate records, and support management in administering the endowment's resources and assets in accordance with approved regulations and policies. The ideal candidate will have 5-10 years of experience in accounting.

Key Responsibilities

• Record and review daily accounting entries, ensuring proper classification of financial transactions according to the chart of accounts and approved accounting policies.
• Monitor and record endowment revenues and expenses, ensuring all financial transactions are supported by complete documentation.
• Prepare periodic bank reconciliations, matching bank account balances with accounting records, and resolving discrepancies in a timely manner.
• Contribute to the preparation and monitoring of the endowment's asset register, updating related financial data, and tracking revenues and expenses associated with each asset.
• Review invoices and financial claims, ensuring necessary approvals and documentation are in place before preparing disbursement requests and monitoring vendor payables.
• Monitor receivables and uncollected revenues, and prepare periodic reports on debt aging and outstanding amounts.
• Record and monitor amounts spent within grant programs and endowment initiatives, ensuring disbursements comply with approved allocations and regulations.
• Prepare monthly, quarterly, and annual financial reports, including income statements, statements of financial position, and cash flow statements when needed.
• Participate in preparing the annual budget for the endowment, monitor actual expenditures against the budget, and prepare variance reports.
• Participate in monthly and annual financial closing processes, preparing necessary adjustments, provisions, and entries to ensure account accuracy.
• Prepare required files and documents for internal and external auditors, and collaborate with them to address inquiries and accounting observations.
• Ensure financial operations are executed in accordance with approved policies, procedures, and authority matrix, reporting any financial discrepancies or violations.
• Organize and archive invoices, contracts, receipts, disbursement vouchers, entries, and other financial documents in a systematic and easily retrievable manner.

Qualifications and Experience

• Bachelor's degree in Accounting or Finance from a recognized university.
• A minimum of 5 to 8 years of practical experience in accounting.
• Prior experience in endowments, associations, non-profit organizations, or granting entities is preferred.
• Strong knowledge of accounting standards and principles.
• Familiarity with relevant financial, Zakat, and tax regulations in the Kingdom of Saudi Arabia.
• Experience in preparing bank reconciliations, financial reports, and periodic closings.
• Proficiency in Microsoft Excel and accounting software or ERP systems.
• Fluency in Arabic; proficiency in English is preferred.

Preferred Qualifications

• Professional certification or membership related to accounting, such as SOCPA.
• Experience in accounting for endowment assets, investments, and real estate.
• Experience in dealing with external auditors.
• Knowledge of non-profit accounting and endowments.
• Experience in budget preparation and monitoring.
• Experience with ERP systems and electronic financial systems.

Required Skills

• High level of accuracy and attention to detail.
• Strong analytical and financial review skills.
• Ability to identify and resolve discrepancies and errors.
• Organizational and prioritization skills.
• Commitment to confidentiality and professional integrity.
• Ability to prepare clear and accurate financial reports.
• Communication and teamwork skills.
• Ability to meet deadlines, especially during financial closing periods.

Success Indicators

• Accurate and timely recording of financial transactions.
• Monthly bank reconciliations completed without unjustified outstanding discrepancies.
• Accuracy of endowment asset, revenue, and expense balances.
• Issuance of periodic financial reports by scheduled deadlines.
• Absence of material errors or recurring observations from auditors.
• Full adherence to the approved authority matrix and financial procedures.
• Regular monitoring of receivables and collections.
• Maintenance of complete, organized, and auditable financial files and documents.