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Chief Accountant

5.00 to 10.00 Years   Khobar, Saudi Arabia   20 Oct, 2021
Confidential Company
1 Jobs Openings
Job LocationKhobar, Saudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryTrading & Commodity Trading
Functional AreaNot Mentioned

Job Description

The Chief Accountant will lead financial administration, business planning, and budgeting.Will be reporting to CFO and they will be responsible for the implementation and management of the financial policy and direction of the Group while also being an active participant in, and support of, the organization?s overall strategy responsible for all aspects of financial control and reporting.

  • The Chief Accountant is the link between the accounting department and upper management. Through analysis of accounting data, the Chief Accountant should highlight, and recommend improvements for, underperforming areas within the company creating efficiencies and reducing costs to maximize working capital for business growth.
  • The Chief Accountant oversees financial reports ensuring compliance with industry legislation and Generally Accepted Accounting Principles (GAAP) and Regulatory Guidelines.
Main job responsibilities:?
  • Provide clarity and support through financial/business analysis/benchmarks to the CFO to facilitate the decision-making process?
  • Financial modeling and meaningful information consolidation?
  • Providing fit for purpose information to aid decision-making ?
  • Ensuring accurate forecast (including implementation of new forecasting models)?
  • Maintain accurate financial records for the Business?
  • Ensure inter-group trading is monitored and effectively recorded.? Driving standardization and harmonization across the Group?
  • Prepare and interpret monthly management accounts and annual reports?
  • Implement financial plans?
  • Assess and manage risks?
  • Reconcile balance sheets, Analyse margins, Manage budgets, handle debtors and analyse and reduce debtor days?
  • Monitor cash flows statements and predicts future trends?
  • Conduct reviews and evaluations for cost-reduction?
  • Develop external relationships, for example; solicitors, bankers, auditors, etc.?
  • Liaise with auditors to ensure annual monitoring is carried out?
  • Arrange new sources of finance and debt facilities? Liaise with auditors during annual monitoring.?
  • Ensure that all transactional and taxation requirements are met?
  • Keep on top of changes in regulation and legislation.

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