Branch Accountant

Job Title : Branch Accountant

Reports To: Commercial Controller

Function: Finance

Location: Riyadh

Grade: L04

Purpose of the Role

Responsible for managing all accounting activities at the branch, ensuring accurate, timely, and compliant financial reporting while supporting operational efficiency and business performance.

Key Accountabilities

• Record daily sales, expenses, and branch transactions accurately and on time.
• Monitor and reconcile accounts receivable (customer collections) and accounts payable.
• Manage branch petty cash and ensure timely submission of expense claims.
• Perform monthly inventory reconciliations and report discrepancies immediately.
• Ensure adherence to company accounting policies, internal controls, and reporting timelines.
• Support internal and external audits by providing necessary documentation.
• Submit periodic financial reports (daily/weekly/monthly) to the Finance Department and Branch Manager.
• Support the Commercial Controller in branch operations and ad-hoc assignments.

Key Performance Indicators (KPIs)

• Compliance with company accounting policies and procedures.
• Accuracy and timeliness of financial records and reports.
• Effective monitoring of accounts receivable, cash collection, and working capital.
• Resolution of discrepancies in inventory and financial reporting.
• Act as the finance Single Point of Contact (SPOC) for the branch.

Requirements (Experience, Knowledge, Qualifications)

Experience:

• Minimum 3–4 years of relevant finance/accounting experience.
• Prior experience in a similar accounting role.
• Experience in FMCG or similar industries is preferred.

Knowledge & Skills:

• Excellent communication, negotiation, and interpersonal skills.
• Strong analytical and problem-solving abilities.
• Proficiency with ERP/accounting software and advanced MS Excel skills.
• Effective decision-making and problem-solving capabilities.

Qualifications:

• Diploma or Bachelor’s degree in Finance, Accounting, or related field.
• Professional accounting qualification (CPA/ACCA) preferred.
• Ability to work independently and manage multiple tasks in a fast-paced environment.
• Strong knowledge of accounting principles and financial reporting standards.

Decision Rights

• Approve petty cash disbursements within defined limits.
• Authorize branch-level expense claims as per company policy.
• Recommend corrective actions for financial discrepancies.
• Escalate financial risks or irregularities to the Commercial Controller.

Competencies Required

• Financial Acumen: Strong understanding of accounting principles, financial statements, and cash flow management.
• Attention to Detail: Ensures accuracy in all financial transactions and reporting.
• Analytical Thinking: Ability to analyze financial data, identify trends, and provide actionable insights.
• Problem Solving: Proactively addresses issues, discrepancies, and operational challenges.
• Communication: Clear and effective communication with internal teams and external stakeholders.
• Teamwork & Collaboration: Works effectively across cross-functional teams.
• Integrity & Ethics: Upholds high ethical standards and ensures compliance with policies.
• Adaptability: Ability to manage multiple priorities and respond to changing business needs.

Role Positioning within Operating Model

• Strategic Direction: Supports branch financial strategy and working capital optimization; contributes to decision-making for branch profitability.
• Operational Leadership: Manages daily financial operations, ensures process compliance, and drives efficiency in branch accounting.
• Administrative Execution: Oversees accurate reporting, reconciliations, and timely submission of financial records; supports audits.
• Functional Support: Acts as finance liaison for commercial and operations teams; supports cross-functional collaboration.

Career Path

• Previous Role: Assistant Accountant / Junior Accountant
• Current Role: Branch Accountant
• Next Potential Role: Senior Accountant / Associate Finance Manager

Direct Reports (if Any)

• 2 Assistant Accountants
• 1 Cashier