Accountant ERP

About Foodics and the Role

Foodics, established in 2014, is a leading restaurant management ecosystem and payment technology provider with headquarters in Riyadh and offices across five countries. We are seeking an Accountant-ERP to join our team in Riyadh Province. This full-time role requires 4+ years of experience and focuses on financial reporting, revenue recognition, and regulatory compliance, ideally within the SaaS and restaurant industries.

Role Overview

The Accountant-ERP will manage daily accounting operations and ensure compliance with financial standards and regulations. This position involves a solid understanding of SaaS financial operations and hands-on experience managing accounting for restaurant businesses in Saudi Arabia. The role also includes collaboration with the Product team to test, validate, and enhance our ERP/Accounting product to meet real-world accounting and operational requirements.

Key Responsibilities

• Manage daily accounting operations, including Accounts Payable (AP), Accounts Receivable (AR), and bank reconciliations.
• Maintain and reconcile general ledger accounts, ensuring accuracy and completeness.
• Prepare and review financial statements in compliance with IFRS/GAAP standards.
• Support month-end and year-end closing activities, ensuring timely and accurate reporting.
• Ensure compliance with local tax regulations, including VAT, income tax, and other applicable financial requirements.
• Work closely with the Product team to test, validate, and provide accounting expertise on ERP/Accounting product features and functionalities.
• Oversee subscription billing cycles, deferred revenue, and recurring revenue reporting.
• Monitor customer contracts, invoicing, and revenue recognition in line with SaaS accounting standards.
• Reconcile deferred revenue schedules and ensure accurate ARR (Annual Recurring Revenue) and MRR (Monthly Recurring Revenue) calculations.
• Support the accounting treatment of different revenue streams and subscription models.
• Support budgeting, forecasting, and financial planning across revenue streams.
• Analyze financial data and identify discrepancies, trends, and opportunities for improvement.
• Identify and implement process improvements to enhance accounting efficiency and accuracy.
• Contribute to the automation and optimization of financial processes.
• Support internal and external audits by preparing financial documentation and providing relevant insights.
• Maintain effective internal controls to safeguard company assets and ensure financial integrity.
• Establish and implement best practices in accounting operations, financial reporting, and compliance.
• Support intercompany reconciliations and ensure proper documentation of related-party transactions.

Qualifications and Experience

• 4+ years of accounting experience specifically required for this role.
• Strong background in financial reporting, revenue recognition, and regulatory compliance.
• Solid understanding of SaaS financial operations.
• Hands-on experience managing accounting for restaurant businesses in Saudi Arabia.
• Experience working with SaaS financial KPIs, including CAC, LTV, Churn Rate, ARR, MRR, and Expansion Revenue.
• Familiarity with restaurant accounting practices, F&B operations, and related financial workflows.
• Knowledge of accounting automation tools and process optimization.
• Experience working in a multinational or regional business environment is preferred.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia. The role involves working within a dynamic environment, collaborating with both finance and product teams to ensure robust accounting practices and product development.