The General Accountant position in Khobar, Saudi Arabia, is an essential role within the accounting department of a dynamic organization. This position is ideal for individuals who possess a strong foundation in accounting principles and are eager to contribute to the financial health of the company. The General Accountant will be responsible for managing financial records, preparing reports, and ensuring compliance with relevant regulations. This role offers an excellent opportunity for professional growth and development in the accounting field.
Responsibilities:
Maintain and update financial records, including ledgers and journals, ensuring accuracy and compliance.
Prepare monthly financial statements and reports for management review, highlighting key performance indicators.
Assist in the preparation of annual budgets and forecasts, providing insights into financial trends.
Conduct regular reconciliations of bank statements and accounts to ensure consistency and accuracy.
Support the audit process by providing necessary documentation and responding to auditor inquiries.
Ensure compliance with local tax regulations and assist in the preparation of tax returns.
Collaborate with other departments to gather financial data and provide support for decision-making.
Monitor and analyze financial performance, identifying areas for improvement and cost-saving opportunities.
Assist in implementing and maintaining internal controls to safeguard company assets.
Stay updated on accounting regulations and best practices to ensure the company’s financial practices are current.
Preferred Candidate:
Strong analytical skills with attention to detail.
Excellent communication and interpersonal skills.
Ability to work independently and as part of a team.
Proficiency in accounting software and Microsoft Excel.
Strong organizational and time management skills.
Willingness to learn and adapt to new challenges.
Integrity and ethical approach to financial reporting.
Ability to handle multiple tasks and meet deadlines.
Problem-solving skills with a proactive attitude.
Basic knowledge of local financial regulations and compliance requirements.
<p>Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world’s most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate. </p>
<p>By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.</p>
<p><b>Overview of the role:</b></p>
<p> </p>
<p>The role centers on guaranteeing precise business reporting through month-end, quarter-end, and year-end closing procedures. This involves coordinating with departments, analyzing financial data for accuracy, and ensuring compliance with accounting standards during audits.</p>
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<p><b>What you will do:</b></p>
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<ul>
<li>Ensures an accurate & timely month, quarter & year-end closing providing all necessary regular & irregular analysis.</li>
<li>Maintaining the Chart of Accounts; ensuring adequate and proper classification among accounts’ groups.</li>
<li>Prepare monthly management reports.</li>
<li>Ensure a clean & timely year-end audit and assist with financial audits, prepare audit schedules, and interface with auditors.</li>
<li>Responsible for preparing and distributing timely, accurate financial statements and all Analytical reports related and non-related to the financial statements.</li>
<li>Participate in special projects, ERP implementation, system enhancements, or ad-hoc analyses as assigned.</li>
<li>Ensure reconciliation of inter-company accounts and rectification of reconciling items.</li>
<li>Ensure that all the financial transactions are properly accounted for in the General Ledger and the correct cost and profit centers.</li>
<li>Handling intercompany cost allocations.</li>
<li>Maintaining accurate revenue and cost recognition databases.</li>
<li>Ensure all month-end entries are passed in the system like pre-payments, accruals, etc.</li>
<li>Monitoring bookings of tax entries, especially VAT accounting.</li>
</ul>
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<p><b>Required Skills to be successful:</b></p>
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<ul>
<li>Minimum 3-5 years of experience</li>
<li>Excellent in Microsoft Excel, PowerPoint, and WinWord.</li>
<li>Strong understanding of setting up and organizing databases and spreadsheets.</li>
<li>Strong verbal and written communication skills.</li>
<li>SAP financial application experience preferred.</li>
</ul>
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<p><b>What equips you for the role:</b></p>
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<ul>
<li>A Bachelor’s degree in Accounting or Finance is required.</li>
<li>Strong knowledge of Egyptian Accounting Standards and IFRS.</li>
<li>Solid background in real estate sector accounting.</li>
<li>Strong Tax accounting and filing experience is preferred.</li>
</ul>
<p><b>About Al-Futtaim Group Real Estate</b><br>
The real estate development and operations arm of Al-Futtaim, Al-Futtaim Group Real Estate is responsible for a multi-billion-dollar portfolio across MENA. With high-quality residential, business, retail, tourism, educational and healthcare developments, the master developer caters to the diverse needs of cities and communities in the region. From origination, conception, development, sales, procurement and construction of mega-projects and the leasing, operation and management of these projects after completion, Al-Futtaim Group Real Estate (AFGRE) has been developing and managing owned landbanks, unlocking the economic potential of the region and contributing to future development for more than 40 years. Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services and enable partnerships to create true value to our customers throughout their entire experience with us.<br>
AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed use destinations: Dubai Festival City and Cairo Festival City.</p>
Determine internal audit scope, develop annual plans, document process and prepare audit findings report
Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
Undertaking regular transaction and systems review to confirm that internal control systems are in place and are working
Obtaining, analysing and evaluating accounting documentation, reports and data
Prepare audit reports that reflect audit’s results and document process on a monthly basis
Act as an objective source of independent advice to ensure validity, legality and goal achievement
Identify loopholes and recommend risk aversion measures and cost savings
Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards
Coordinating both internal & external audits.
Accounting Responsibilities
Review of costings of all inventories and ensuring that costs are maintained accurately
Coordinating and setting up of selling prices
Analysing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost.
Analysing and review of actual manufacturing costs and preparing monthly variance reports comparing standard costs to actual production costs with adequate explanations.
Actively monitoring all manufacturing costs at Factory level to ensure efficiency in terms of yields percentages, adherence to costing recipes/BOM, labour ratios and other inputs to actualize maximum cost savings.
Providing management with reports specifying and comparing factors affecting prices and profitability of products.
Running month end close costing activities to aid in month end closing of accounts.
Coordinating and being the ‘’in charge’’ during stock counts and adjustments
Facilitate proper office cash management by authorizing invoices before payments vouchers are prepared;
Facilitate safe keeping of all accountable documents;
Ensure supplier definition, invoice and Validate payments in the ERP system to maintain compliance of procedures;
Prepare annual operational budgets by determining the availability of funds, activities scheduled for the year and their costs translating these into operational budgets
Ensure all financial data i.e., payment vouchers, receipts, adjustments and any other journal entries are posted into the accounting system software on a monthly basis.
Ensure all financial information is properly filed, secured and backed up.
Ensure all the assets of the Company are safeguarded.
Prepare bank reconciliations
Participate in external audits by providing auditors with accounting documents as requested and providing information and explanations for audit queries.
Implement standards, regulations and procedures by executing the day-to-day operations of the department;
Any other responsibilities that may be assigned from time to time
