Senior Accountant

Job Description

The Senior Accountant is responsible for safeguarding the organizations financial health and operational efficiency. This involves creating and enforcing financial policies to maintain compliance. By overseeing timely payments and establishing best practices in Accounts Payable, the Senior Accountant contributes to the organizations overall financial stability and commitment to excellence.Client DetailsOur client is a provider of ambulatory infusion centers in Saudi Arabia, specializing in intravenous and subcutaneous therapy treatments for patients with autoimmune and oncology conditions. The group offers a convenient alternative to hospital-based treatments, operating comfortable private suites accessible to patients near their homes or offices, including evenings and weekends. Treatments that traditionally required full-day commitments can now be completed within a few hours.Central to the groups mission is delivering an exceptional patient experience. The company prioritizes patient satisfaction and aims to provide a level of care unprecedented in the healthcare industry.DescriptionVendor Invoice ProcessingThe Senior Accountant is responsible for establishing and managing efficient processes for accurate and timely invoice processing, ensuring proper categorization of expenses and resolving discrepancies. Key performance indicators (KPIs) include processing speed, error rates, expense classification accuracy, adherence to standards, and the correctness of general ledger and account codes. The role also involves monitoring and improving procedures for handling invoice mismatches, aiming to reduce errors and expedite resolution.Record Keeping, Reporting, and AnalysisThis position entails maintaining precise financial records in compliance with regulations, ensuring accurate and timely monthly closing, and conducting variance analysis of operational expenses. KPIs include record accuracy, audit readiness, closing efficiency, provision accuracy, analysis effectiveness, and report timeliness. The Senior Accountant is responsible for generating various financial reports, including monthly, quarterly, and annual reports, with a focus on accuracy, completeness, and adherence to service level agreements.Vendor and Employee ManagementThe Senior Accountant oversees the creation and maintenance of vendor and employee records, conducting regular reviews to identify and manage active and inactive accounts. KPIs include record creation time, compliance with Know Your Customer (KYC) regulations, data accuracy, review frequency, and account management effectiveness. The role also involves vendor reconciliation, monitoring outstanding balances, and obtaining balance confirmations. KPIs include reconciliation rate, average age of outstanding items, provision accuracy, and balance confirmation timeliness.Payroll ManagementThis position involves managing the payroll process, ensuring accurate and timely payments, and maintaining effective communication with the HR department. KPIs include payment accuracy and timeliness, issue resolution speed, and system integration efficiency. The Senior Accountant must stay updated on labor laws and tax regulations to ensure payroll compliance.Payment Processing and Adherence to DeadlinesThe Senior Accountant is responsible for developing processes to ensure timely and accurate vendor payments, resolving payment issues, and managing bank reconciliations. KPIs include payment accuracy and timeliness, issue resolution speed, invoice processing efficiency, and bank reconciliation closure rates. The role also involves meeting deadlines for financial reporting and other accounting tasks.Risk Management, Process Improvement, and Cost ControlThis position requires identifying and mitigating financial risks, streamli

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