Senior Accounting Manager

Job Title: Accounting Senior Manager

Location:

HQ Office – Riyadh

Role Purpose:

Oversee and manage SABIL bookkeeping operations and financial accounting processes, ensuring accuracy, compliance with accounting standards, and contributing to the strategic financial decision-making of the organization. Ensure the timely and systematic recording of financial transactions, reconciliation of accounts, and management of SABIL fixed assets register.

Main Duties & Responsibilities:

Bookkeeping and Financial Reporting:

• Manage the accurate recording of financial transactions in the general ledger, upholding rigorous adherence to stringent accounting standards within the framework of National Grain Supply (SABIL).
• Conduct regular and thorough reconciliation of general ledger accounts, promptly addressing any identified discrepancies to uphold financial accuracy and transparency within SABIL.
• Oversee branch-specific financial transactions and reporting to support strategic decision-making and financial transparency.
• Collaborate on annual budget development, monitor performance, and provide strategic insights for financial optimization.
• Support in the development of financial statements, ensuring all required general ledger entries and financial transactions are provided to the Corporate Finance department.
• Conduct in-depth financial analysis, offering insights into Key Performance Indicators (KPIs) and trends to inform strategic decision-making.

Accounts Management:

• Supervise the accounts payable process, ensuring invoices are processed timely and accurately, promoting smooth financial operations.
• Support in the accounts receivable process, ensuring all recorded accounts receivables are collected by the Treasury Operations unit.
• Implement and enforce payment policies and terms with vendors, cultivating positive, transparent relationships for mutual success and long-term partnerships between National Grain Supply (SABIL) and its vendors.
• Manage and optimize the accounts receivable process, ensuring precise and timely customer invoicing to maintain financial accuracy and customer satisfaction.

Fixed Asset Management:

• Manage the fixed assets register, including the tracking of acquisitions, disposals, and depreciation to maintain accurate financial reporting and compliance with accounting standards.
• Conduct periodic physical asset verifications, systematically reconciling any identified discrepancies to ensure the maintenance of accurate and reliable records.

Internal Controls and Compliance:

• Implement and enforce robust internal controls to safeguard the financial integrity of SABIL.
• Ensure strict adherence to accounting policies and standards across all branches, fostering regulatory compliance, and maintaining strong financial governance.

Qualifications/Requirements:

Knowledge and Experience:

• Minimum of 10 years of experience is required, out of which 3-5 years at a senior/mid-managerial level and in a role of similar discipline/capacity is mandatory.
• Experience in the industry is highly preferred.
• Experience in SAP ERP is highly preferred.
• Excellent in English.

Education:

• Bachelor’s degree in Accounting, Finance, or any finance-related discipline.
• Certifications ( CGMA, CPA, CMA ) are mandatory.