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Senior Accountant

BITS Arabia
Jeddah, Saudi Arabia
Posted 5 years ago
514Applicants for1 open position
  • 26Viewed
  • 0In Consideration
  • 0Not Selected
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Job Details

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Job Description

Major responsibilities of Senior Accountant includes but not limited to:

  • Perform, monitor and track accounts receivable accounting activities including customers' accounts, invoices, billing and transaction entries.
  • Perform, monitor and track accounts payable accounting activities including vendors' accounts, POs, invoices and transaction entries.
  • Monitor timely payment activities to the various vendors/subcontractors and ensures that all the payments are properly authorized.
  • Ensure timely performance of banking activities.
  • Approve and post all general ledger entries, verify accuracy and compliance with the established accounting principles, and ensure that all entries are supported with valid documentation.
  • Provide accurate, comprehensive and timely information regarding the financial status through the utilization of effective accounting concepts, principles, procedures and on-time monthly closing and preparation of trial balance.
  • Processing of payroll.
  • Ensure reconciliation is performed monthly, quarterly, and at year-end closing.
  • Perform project cost forecasts and budgets, cost tracking, monitoring and controls.
  • Preparation of cash flow forecasting, budgeting and work closely with the operations and project teams in analyzing margins, variances and cost analysis.
  • Provide advice and technical assistance to company projects with cost analysis, fiscal allocation and budget preparation..
  • Monitor the status of pending critical payments and carries out the required action to reduce delays affecting operations.
  • Ensure effective implementation and enforcement of the approved budget; monitor and report on budget variance to Management.
  • Ensure the compliance with IFRS endorsed by SOCPA.
    Coordination with external auditors for statutory annual audits and zakat.
  • Prepare, review and submission of VAT returns within the filing deadlines and in compliance with the local VAT laws and policies.
  • To advise on the VAT implications of transactions, and inform the team of the VAT issues and legislation changes
  • Any other tasks related to the job assigned by the Management.

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