Accounting Manager

UCC Holding is seeking an experienced Accounting Manager to lead financial accounting and reporting for its Saudi operations, supporting large-scale construction and infrastructure projects. The role requires a senior finance professional with proven experience in a Tier-1 contractor, EPC, or major construction organization, combining strong technical accounting expertise with a comprehensive understanding of project financials, commercial operations, cash flow, and financial controls.

Key Responsibilities

• Lead financial accounting, monthly closing, management reporting, and statutory financial reporting in accordance with IFRS and Group policies.
• Oversee project accounting, including WIP, accruals, provisions, commitments, cost allocation, project profitability, and cost-to-complete.
• Ensure appropriate IFRS 15 revenue recognition for construction contracts, including variations, claims, change orders, contract assets/liabilities, and unbilled revenue.
• Partner closely with Commercial, Contracts, Project Controls, Procurement, and Project Management teams to ensure accurate project financial reporting and forecasting.
• Oversee subcontractor and supplier accounting, including advances, retentions, accruals, certifications, payments, and reconciliations.
• Drive accounts receivable, collections, working capital, and project cash-flow management, identifying risks and opportunities for improvement.
• Ensure compliance with ZATCA, VAT, Zakat/tax, GOSI, and other applicable Saudi statutory requirements.
• Manage internal and external audits, ensuring robust reconciliations, documentation, controls, and timely closure of audit observations.
• Maintain strong financial governance and internal controls across project and corporate operations.
• Ensure accuracy and integrity of financial data through SAP ERP, including effective utilization of relevant SAP finance and project-accounting processes.
• Support continuous improvement, automation, and standardization of accounting and reporting processes within SAP.
• Lead, develop, and mentor the accounting team, fostering a high-performance and accountable culture.
• Provide senior management with timely insights on project financial performance, margins, cash flow, risks, and emerging financial issues.

Candidate Profile

• 15+ years of progressive accounting/finance experience, with significant experience in construction, EPC, infrastructure, or other project-based businesses.
• Proven experience with a Tier-1 contractor or major EPC organization; Saudi/GCC experience strongly preferred.
• Bachelor's degree in Accounting, Finance, or related discipline.
• ACCA, CPA, CA, CMA, ACA or equivalent professional qualification preferred.
• Strong technical knowledge of IFRS, particularly IFRS 15 and construction contract accounting.
• Strong understanding of project cost accounting, WIP, EAC/forecasting, subcontractor accounting, revenue recognition, and working capital.
• Strong knowledge of Saudi VAT/ZATCA requirements.
• Advanced SAP experience with strong understanding of financial accounting, project accounting, cost controlling, and management reporting.
• Excellent stakeholder-management, analytical, leadership, and communication skills.