Lead Accountant

About the Role

Magna AI is seeking a Lead Accountant to join their team in Riyadh, Saudi Arabia. This full-time role involves overseeing accounting and financial reporting functions to ensure accurate, timely, and IFRS-compliant financial reporting. The position requires a strong technical accounting foundation combined with hands-on experience in financial consolidation, accounting policies, audit coordination, and complex accounting matters. The Lead Accountant will be instrumental in building and strengthening a scalable accounting framework for a growing organization.

Key Responsibilities

• Lead accounting and financial reporting activities, ensuring accurate and timely month-end and year-end closing processes.
• Oversee the preparation and review of statutory and management financial statements in accordance with IFRS.
• Assess complex, significant, and non-routine transactions to determine appropriate accounting treatment.
• Develop, establish, document, and maintain accounting policies and procedures in line with IFRS and applicable Saudi requirements.
• Prepare technical accounting papers and position papers for significant or complex transactions.
• Monitor changes in IFRS and evaluate their potential impact on the organization's policies, processes, and reporting.
• Lead group financial consolidation across multiple entities, including intercompany reconciliations and eliminations.
• Support the preparation of consolidated financial statements, disclosures, and supporting schedules.
• Coordinate with external auditors, ensuring timely resolution of audit queries, technical matters, and findings.
• Develop and continuously improve accounting processes, internal controls, reporting procedures, and systems, identifying opportunities for automation.
• Provide technical accounting guidance and coaching to team members, supporting the development of a scalable, high-performing accounting function.
• Partner with Finance and other stakeholders to ensure accounting implications are appropriately considered in business decisions and transactions.

Qualifications and Experience

• A minimum of 5-10 years of experience in accounting, with a focus on financial reporting and IFRS compliance.
• Demonstrated experience in financial consolidation across multiple entities.
• Proven ability to develop and maintain accounting policies and procedures.
• Experience in coordinating with external auditors and resolving complex audit matters.
• Strong technical accounting foundation and understanding of complex accounting issues.

Work Environment

This is a full-time position based in Riyadh, Riyadh, Saudi Arabia. The role is integral to a growing organization, requiring a proactive approach to developing and enhancing accounting frameworks rather than simply maintaining existing functions.