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About the Role

Dema Energy is seeking a highly technical and operational Accounting Manager to lead day-to-day accounting functions across an international group structure. This full-time role, based in Riyadh, Saudi Arabia, operates within the dynamic energy and technology sectors. The Accounting Manager will report directly to the CFO, acting as the operational backbone of the finance department, managing and mentoring a small accounting team of 3-4 members.

Key Responsibilities

• Lead and execute month-end, quarter-end, and year-end close processes, ensuring deadlines are consistently met.
• Prepare, review, and analyze journal entries, balance sheet reconciliations, and trial balances.
• Produce accurate and timely consolidated financial statements for an international group with multiple legal entities.
• Serve as the internal subject matter expert on IFRS treatments, ensuring all financial reporting complies with international standards.
• Apply accounting treatments specifically related to IFRS 15 (Revenue from Contracts with Customers) and IFRS 16 (Leases).
• Manage the accounting lifecycle for Intangible Assets (IAS 38), including capitalization, amortization, and impairment testing.
• Research and document technical accounting memos for new or complex transactions.
• Act as the primary point of contact for external auditors, preparing audit schedules and statutory financial statements.
• Review and prepare all tax-related filings, including Zakah, VAT, WHT, and Income taxes where applicable.
• Manage intercompany transactions, billing, and reconciliations across international subsidiaries.
• Handle multi-currency accounting, ensuring accurate foreign exchange (FX) translations and revaluations.
• Manage and optimize financial processes within the Zoho ecosystem or any future accounting system.
• Directly manage, train, and mentor a team of 3-4 accounting professionals, delegating tasks and reviewing their work.

Qualifications and Requirements

• Education: Bachelor’s degree in Accounting, Finance, or a closely related field.
• Experience: 9+ years of progressive accounting experience, with a strong emphasis on month-end close, technical accounting, and consolidations.
• IFRS Expertise: Deep, practical understanding of IFRS standards, specifically IFRS 15, IFRS 16, and IAS 38, and the ability to apply them to complex scenarios.
• Group Accounting: Proven experience handling multi-currency consolidations and intercompany reconciliations for an international group.
• Leadership: Prior experience or demonstrated capability to review work and manage junior staff.
• Systems: Proficiency in modern cloud-based ERP systems (experience with Zoho is a plus).
• Professional Certification: Must hold an active SOCPA Fellowship. Candidates without this certification will not be considered.

Preferred Qualifications

• Other professional accounting certification (*, CPA, ACCA, ACA).

Team and Reporting Structure

The Accounting Manager will report directly to the CFO and will be responsible for managing and mentoring a team of 3-4 accounting professionals. This role is central to the finance department's operations within an international group structure.

Application Process

Candidates who meet the specified qualifications are encouraged to apply.