Accountant

Job Title: Accountant – Facilities Management

Location: Riyadh, Kingdom of Saudi Arabia

Company - SBU of Abunayyan Holding Company

Industry: Integrated Facility Management

Role Purpose

The Accountant is responsible for managing day-to-day financial operations within the Facilities Management (FM) function, ensuring accurate accounting, compliance with regulatory requirements, and timely financial reporting. The role supports business decision-making through financial analysis, budgeting, and performance monitoring across FM contracts and operations.

Key Responsibilities

1. Financial Accounting & Operations

• Maintain accurate and up-to-date accounting records in accordance with company policies and applicable standards.
• Manage accounts payable (AP) and accounts receivable (AR) processes.
• Perform general ledger (GL) entries, reconciliations, and month-end closing activities .
• Monitor cash flow, expenses, and financial transactions.
• Ensure timely invoicing and collection in coordination with operations teams.

2. Reporting & Financial Analysis

• Prepare monthly, quarterly, and annual financial reports .
• Conduct variance analysis, cost analysis, and profitability assessment for FM contracts.
• Support management with budgeting, forecasting, and financial planning .
• Provide insights on cost optimization and operational efficiency.

3. FM Contract Financial Management

• Track and manage financial performance of FM contracts (Hard FM / Soft FM).
• Monitor revenue recognition, billing cycles, and contract profitability.
• Ensure alignment between operational activities and financial reporting.
• Coordinate with operations and project teams for accurate cost allocation.

4. Compliance & Controls

• Ensure compliance with Saudi regulations, tax laws, and company financial policies .
• Support VAT (ZATCA) compliance, filings, and reporting .
• Maintain proper documentation for audits and regulatory requirements.
• Assist in internal and external audits.

5. Systems & Process Management

• Utilize ERP systems (e.g., SAP, Oracle) for financial transactions and reporting.
• Maintain accurate financial data and records within accounting systems.
• Support process improvements and automation initiatives in finance operations.

6. Coordination & Stakeholder Management

• Collaborate with operations, procurement, and project teams for financial alignment.
• Coordinate with vendors, clients, and internal stakeholders on financial matters.
• Support management with ad-hoc financial analysis and reporting requests.

Qualifications & Experience

• Bachelor’s Degree in Accounting, Finance, or related field.
• Minimum 5+ years of relevant experience in accounting, preferably within:
• Facilities Management
• Construction / Engineering
• Property Management
• Experience in Saudi Arabia or GCC preferred.
• Knowledge of FM contract accounting and project-based finance is an advantage.

Technical Skills

• Strong knowledge of:
• Financial accounting principles (IFRS preferred)
• AP, AR, GL, and financial reporting
• Experience with:
• ERP systems (SAP, Oracle, etc.)
• Advanced MS Excel (reporting, analysis, pivot tables)
• Familiarity with VAT (ZATCA) regulations
• Financial analysis and budgeting skills

Core Competencies

• Strong analytical and problem-solving skills
• Attention to detail and accuracy
• Financial planning and reporting capability
• Time management and ability to meet deadlines
• Communication and stakeholder coordination
• Integrity and confidentiality

Preferred Certifications (Optional)

• SOCPA membership or eligibility
• CPA / ACCA / CMA (preferred)
• Advanced Excel / Financial Modeling certifications