Accountant Saudi Arabia
About Beacon Events
For over 20 years, we have been a beacon of inspiration, innovation and thought-leadership, helping businesses chart their course to success with our insightful and industry-focused events.
With offices in Hong Kong, London, Melbourne and Riyadh, Beacon is an independent events company whose expertise lies in producing first class international events that meet the challenges facing executives and businesses today. From Mining, Natural Resources & Commodities, Finance & Investment; Technology, eCommerce to Gaming events, our goal is to provide the perfect platform where senior executives, professionals and industry leaders come together to gain critical market intelligence, network and do business around the globe.
Role Purpose
The Accountant is responsible for all accounting matters of Beacon's business in Saudi Arabia.
This includes day-to-day transactional accounting, month-end close, management reporting and overseeing compliance with Saudi local standards, tax and regulatory requirements.
The role requires strong accounting and technical skills developed in either a professional accounting or commercial environment.
It offers an attractive career path for candidates looking to broaden their horizons and gain international exposure with a dynamic and entrepreneurial business. It is a good fit for someone with a calm and positive disposition who is comfortable working in a diverse, multi-cultural environment.
Fluency in written and spoken Arabic is desirable.
Main Duties and Responsibilities
Transactional accounting
- Maintain the integrity and accuracy of accounting records.
- Initiate and record financial transactions in Xero accounting software. This includes all aspects of accounts payable, accounts receivable, bank and general ledger.
- Inter-company accounting
- Manage reimbursement of employee expenses
- Prepare monthly payroll, maintain timely GOSI submission and payment, manage employment record including leave record and contracts
Treasury and cash management
- Work with Finance Director to ensure business is adequately funded.
- Prepare cash flow forecasts.
- Provide local language support for the credit control team, as and when required, including arranging for the collection of local cheques.
- Develop effective working relationships with local banking partners
Spend management
- Work with commercial teams to ensure operational spends are tracked to agreed budgets and forecasts.
- Cultivate effective supplier relationship management processes.
Month-end close
- Deliver month end close for the Saudi legal entity
- Meet Group reporting deadlines
- Calculate and process accruals and prepayments
- Account for deferred revenue and expenditure of future events
- Fixed asset accounting
- Inter-company invoicing and reconciliations
- Balance sheet reconciliations
- Checking, validation and quality assurance
Process Improvement
- Support initiatives to improve business and accounting processes, procedures and systems.
- Drive automation and technology adoption for efficiency, productivity and effectiveness
Compliance and Risk Management
- Work with the Finance Director to establish, improve and monitor internal controls.
- Ensure all Saudi tax compliance requirements are met including the accurate and timely filing of statutory financial statements, indirect and direct tax returns.
- Compliance with VAT Legislation and Electronic Invoicing Regulations.
- Support auditors to deliver an efficient and clean audit process.
- Work with Senior Leadership Team to identify, quantify and report key risks and to develop appropriate mitigation strategies.
- Work closely with Senior Leadership Team to critically evaluate scope, risks and potential returns of new projects and initiatives including the monitoring of project budgets.
General
- Handle routine requests from customers, suppliers, employees and Saudi Government authorities
- Develop competency in understand Beacon's policies and procedures and in understanding Xero and other finance and reporting systems.
- Provide Arabic language support to the Senior Leadership Team, including attendance at meetings with local partners and authorities, as and when required.
- Transition accounting responsibility for UK entity in 3-6 months time
Skills and Experience
- Relevant tertiary and professional qualifications
- Sound knowledge of Saudi financial reporting, tax and compliance frameworks.
- Strong accounting skills
- Proficient finance-based analytical skills
- A resourceful team player with strong leadership, influencing, problem solving, analytical and interpersonal skills
- Communicates in a clear, succinct and organized and convincing manner
- Fluent in written and spoken English essential.
- Meticulous attention to detail with the ability to prioritize and deliver in a commercially driven environment.
- Independent, resourceful and able to work collaboratively with business stakeholders and finance colleagues
- Proficient in technology tools
- Strong MS Office skills (Excel at an intermediate level)
- Extensive experience of working with ERP and/or other accounting software.
Please apply with a copy of your CV and a covering letter explaining your suitability to this role to [Confidential Information]
We are expecting a high volume of applications for this highly desirable role and so will only be able to get back to successful applicants in the shortlisting process so please accept our apologies in advance.
