About the Role
MEMF Electrical Industries Co., the industrial arm of KFB Holding Group, is seeking a motivated Accountant to join their team in Riyadh, Saudi Arabia. This role is crucial in supporting the company's mission to provide locally engineered, high-quality electrical products for Saudi Arabia's power infrastructure. MEMF operates advanced manufacturing facilities, producing a diverse range of solutions including smart energy meters, circuit breakers, instrument transformers, switchgear, distribution and power transformers, and FRP meter boxes. The company prides itself on internationally type-tested products, strong engineering expertise, and certified quality systems (ISO 9001 & ISO 45001).
This position offers an opportunity for a fresh graduate or an individual with up to one year of experience to develop their career within the accounting profession. The Accountant will play a supportive role in various financial operations, contributing to the accuracy and efficiency of the finance department.
Key Responsibilities
- Assist in the accurate recording and maintenance of daily financial transactions.
- Prepare and process essential financial documents including journal entries, invoices, payments, and receipts.
- Support the timely execution of monthly, quarterly, and annual financial closing activities.
- Perform reconciliations for bank statements and general ledger accounts to ensure accuracy.
- Assist in the preparation of comprehensive financial reports and management reports.
- Maintain financial records and ensure proper documentation is kept up-to-date.
- Provide support for both accounts payable and accounts receivable processes.
- Ensure adherence to company policies and accounting procedures.
- Coordinate with various internal departments on financial and accounting matters.
- Assist in fulfilling audit requirements and conducting financial data analysis.
Qualifications and Requirements
- A Bachelor's degree in Accounting is required.
- Candidates should be a fresh graduate or possess up to 1 year of relevant experience.
- Must be registered with the Saudi Organization for Chartered and Professional Accountants (SOCPA).
- Fluency in English, both written and spoken, is essential.
- Strong communication and interpersonal skills are necessary for effective collaboration.
- A solid understanding of accounting principles and financial reporting standards is expected.
- Proficiency in Microsoft Excel and other Microsoft Office applications is required.
- Demonstrated strong analytical skills and attention to detail are important for this role.
- The ability to work effectively within a team environment is crucial.
- A strong eagerness to learn and grow within the accounting profession is highly valued.
Required Skills
- Proficiency in Microsoft Excel and Microsoft Office applications.
- Knowledge of accounting principles and financial reporting.
- Strong analytical skills and attention to detail.
- Effective teamwork and collaboration abilities.
- A proactive eagerness to learn and develop professionally.
- Excellent communication and interpersonal skills.
Work Environment and Location
This is a full-time position based in Riyadh, Saudi Arabia. MEMF Electrical Industries Co. provides a professional and supportive work environment.