Accountant

Job Description: Accountant

Position Title: Accountant (Mid-Level)
Location: Jazan, KSA
Reports To: Senior Accountant/Finance Manager

Job Purpose

The Mid-Level Accountant is responsible for managing day-to-day financial operations, maintaining accurate financial records, and supporting the preparation of financial reports. The role involves ensuring compliance with financial regulations and assisting senior finance personnel in decision-making processes through accurate data analysis and reporting.

Key Responsibilities

1. Financial Transactions and Bookkeeping

• Record and maintain accurate financial transactions in the accounting system.
• Reconcile bank statements and accounts to ensure accuracy and completeness.
• Process accounts payable and accounts receivable transactions, including invoice preparation, verification, and payment processing.
• Maintain the general ledger and post journal entries as required.

2. Financial Reporting

• Prepare monthly, quarterly, and annual financial statements, including profit and loss statements, balance sheets, and cash flow statements.
• Assist in the preparation of budget reports and forecasts.
• Analyze financial data to identify trends, variances, and discrepancies.
• Generate reports for internal and external stakeholders as needed.

3. Compliance and Auditing

• Ensure adherence to local financial regulations, tax laws, and company policies.
• Prepare and submit tax filings (e.g., VAT, corporate tax) on time.
• Support internal and external audits by providing necessary documentation and reports.

4. Payroll Processing

• Manage payroll calculations and ensure timely salary disbursements.
• Calculate deductions, benefits, and taxes, ensuring compliance with local labor laws.
• Ensure time sheets are submitted digitally through the application.
• Follow up with foremen, project managers, and camp bosses to address missing time sheets.
• Send reminders and ensure all time sheet records are complete and accurate.
• Perform time sheet reconciliation twice a month to reduce end-of-month workload.
• Upload reconciled time sheets into the ERP system.

Payroll Preparation:

• Prepare the payroll register, including:
• Verification of wages, increments, deductions, annual leave, sick leave, absenteeism, and monthly allowances.
• Bank account details of employees for salary transfers.
• Check for duplicate transactions and ensure travel time does not exceed the maximum allowable limit of 3 hours.
• Verify job numbers for accuracy and completeness.
• Facilitate bank account opening for new employees through the designated bank.
• Ensure compliance with WPS (Wage Protection System) requirements for salary transfers and deductions.
• Address employee complaints regarding prior month payroll payments and make necessary adjustments

5. Financial Systems and Tools

• Use accounting software to perform daily operations efficiently.
• Assist in the implementation or upgrade of financial systems, if required.

6. Collaboration and Support

• Work closely with other departments to provide financial insights and support operational planning.
• Assist the Senior Accountant or Finance Manager with special projects and ad-hoc financial analyses.

7. Cash and Asset Management

• Monitor cash flow to ensure sufficient liquidity for operational needs.
• Maintain records of company assets and support periodic asset audits.

Qualifications and Skills

Education and Experience

• Education: Bachelor’s degree in Accounting, Finance, or a related field. Experience: 5-8 years of relevant experience in accounting or finance, preferably in a similar industry or organization.

Technical Skills

• Strong knowledge of accounting principles and financial reporting standards (e.g., IFRS, GAAP).
• Proficiency in accounting software (e.g., Sage, QuickBooks, SAP, Oracle, or similar).
• Advanced knowledge of Microsoft Excel and other MS Office applications.

Soft Skills

• Excellent analytical and problem-solving abilities.
• Strong attention to detail and organizational skills.
• Effective communication and interpersonal skills.
• Ability to meet deadlines and work under pressure.

Language Skills

• Proficiency in English is required. Knowledge of additional languages is a plus.