General Ledger Accountant

About the Role

Alqotr is seeking a General Ledger Accountant to join their team in Riyadh, Saudi Arabia. This full-time role is responsible for managing and reviewing general ledger accounts, ensuring the accuracy and completeness of accounting entries. The position supports monthly and annual financial closing processes and aims to maintain the integrity of account balances for financial reporting and audits.

Key Responsibilities

• Review and record accounting journal entries, verifying accuracy of accounts, periods, projects, and cost centers.
• Prepare correcting entries, reclassification entries, accruals, prepayments, and depreciation entries.
• Prepare and review periodic reconciliations for significant accounts, including AR, AP, banks, payroll, and fixed assets.
• Monitor and clear outstanding balances, reconciliation accounts, and temporary/suspense accounts.
• Prepare and monitor accrual and prepaid expense entries, ensuring expenses are recognized in the correct financial period.
• Review accounting treatment of salaries, allowances, deductions, and fixed assets, ensuring proper allocation and reconciliation.
• Review the allocation of revenues and expenses to appropriate projects and cost centers, correcting errors as needed.
• Execute and monitor monthly and annual closing procedures, completing all required reconciliations and adjustments.
• Support the preparation of financial reports and provide accurate accounting data for internal and external audits.
• Comply with company accounting policies and procedures, maintaining organized and audit-ready accounting records.

Scope of Work

The scope of responsibility within the Finance Department includes General Ledger, Account Reconciliations (AR/AP, Bank), Payroll Accounting, Fixed Assets, Accruals & Prepayments, Projects & Cost Centers, Balance Sheet Accounts, Month-End & Year-End Closing, and support for Financial Reporting and Audit Activities.

Qualifications and Experience

• 2-5 years of experience in a relevant accounting role.
• Demonstrated ability to manage and review general ledger accounts.
• Proficiency in preparing reconciliations and journal entries.
• Understanding of financial closing processes.

Performance Indicators

• Adherence to financial closing timetables.
• Accuracy and timeliness of completed reconciliations.
• Accuracy of journal entries and accounting records.
• Low value and volume of outstanding and unreconciled balances.
• Accuracy of accruals, prepaid expenses, and cost allocation.
• Minimal adjustments resulting from accounting errors.
• Compliance with reporting deadlines and accounting requirements.

Application Process

Candidates interested in this General Ledger Accountant position are encouraged to apply.