General Accountant

About the Role:
We are seeking a Senior Accountant to manage and oversee all accounting and financial activities related to the company’s real estate and development projects. This role is critical for ensuring accurate project cost tracking, revenue recognition, budgeting, and financial reporting, while maintaining compliance with IFRS (including IFRS 15) and internal financial controls.

Key Responsibilities:

• Project Accounting & Financial Control:
  • Oversee end-to-end project accounting processes, including cost allocation, WIP management, and project asset capitalization.
  • Maintain accurate project ledgers and ensure correct classification of expenditures (materials, contractors, consultants, manpower, and overheads).
  • Review and validate project-related invoices, progress certificates, retention, and milestone payments.
  • Monitor project cash flow, commitments, and actual costs versus approved budgets.
  • Ensure accurate and timely revenue recognition in line with IFRS 15 and applicable real estate accounting standards.
  • Prepare project financial statements and project-specific management reports.
  • Closely monitor payments to contractors and vendors, ensuring compliance with contractual terms.
• Project Cost Monitoring:
  • Track project cost performance and identify variances between budget, forecast, and actual expenditure.
  • Prepare monthly project cost reports, dashboards, and variance analyses for project managers and senior management.
  • Support project managers in preparing budgets and cost-to-complete forecasts.
  • Prepare and update project budgets and forecasts in alignment with approved plans.
  • Maintain and monitor the commitments register (POs, contracts, subcontracts, and variations).
• Project Governance & Compliance:
  • Ensure project spending complies with Delegation of Authority (DOA) and internal financial controls.
  • Support financial controls over procurement, contract management, and subcontractor billing.
  • Coordinate with Internal Audit to address project-related financial risks.
  • Prepare documentation required by external auditors for project assets, revenue, and cost validation.
• General Accounting (Project-Linked):
  • Support month-end and year-end closing activities related to project accounting.
  • Reconcile project accounts, intercompany charges, and project-related balance sheet accounts.
  • Prepare asset capitalization schedules (PPE, investment properties, development properties).
  • Assist in VAT, Zakat, and tax reporting related to project costs and revenues.

Qualifications & Experience:

• Bachelor’s degree in Accounting, Finance, or related field.
• Minimum 6 years of accounting experience, including at least 3 years in project accounting.
• Experience in real estate, construction, or project-based environments.
• Strong understanding of project accounting, cost control, and IFRS.

Join Alqotr as a General Accountant!
As a leading company established in 2004, Alqotr is dedicated to providing efficient engineering consultancy, geospatial surveying, and urban planning services. We pride ourselves on delivering comprehensive solutions tailored to our clients' needs.

Key Responsibilities:

• Accurately record daily journal entries in a timely manner.
• Review invoices and expenses while reconciling accounts.
• Monitor accounts receivable and accounts payable.
• Prepare monthly and periodic financial reports.
• Assist in the preparation of financial statements and account closing.
• Reconcile bank accounts and monitor financial transactions.
• Support internal and external audit processes.
• Ensure adherence to financial policies and procedures.

Qualifications and Experience:

• Bachelor’s degree in accounting or a related field.
• Minimum of 3 years of experience in general accounting.
• Proficiency in accounting software and Microsoft Excel.
• Knowledge of tax regulations and accounting standards.
• Strong accuracy, organizational skills, and team capability.

We are looking for motivated individuals who can demonstrate their expertise and contribute to the successful advancement of the company. If you meet the qualifications and are eager to be part of a dynamic team, we encourage you to apply!

Join Our Team as an Accountant!
At SOLVELEX, we are looking for a detail-oriented and proactive Accountant to enhance our dynamic team in Riyadh, Saudi Arabia. This full-time onsite position is ideal for individuals who are eager to engage in daily accounting operations and ensure compliance with financial regulations.

Key Responsibilities:

• Maintain and reconcile general ledger accounts, invoices, and bank statements.
• Prepare and analyze financial reports, including balance sheets, income statements, and cash flow statements.
• Handle accounts payable and receivable, ensuring accuracy and timeliness of payments.
• Assist in monthly, quarterly, and annual closing processes.
• Ensure compliance with accounting principles, company policies, and regulatory requirements.
• Support audits by providing relevant documentation and reports.
• Monitor budgets and expenditures, and highlight variances.
• Collaborate with internal teams to streamline financial processes.

Qualifications & Skills:

• Bachelor’s degree in Accounting, Finance, or a related field.
• SAUDI NATIONALS only.
• We welcome applications from fresh graduates, as this role is particularly suitable for early-career talent.
• Strong numerical accuracy and analytical skills.
• Proficiency in MS Excel and accounting software (*, QuickBooks, Zoho Books, or similar).
• Good communication skills in English (B2 proficiency or above).
• Strong sense of responsibility, confidentiality, and integrity.