Chief Accountant

Chief Accountant

Reports to: CFO

Qualification:

1. Educational Background:

• Bachelor’s degree in accounting, Finance, or a related field (a master’s degree is a plus).

2. Experience:

• 5-10 years of experience in accounting and finance, preferably in the IT sector.
• Experience with Saudi accounting standards (SOCPA).
• Familiarity with VAT, Zakat, and corporate tax regulations in Saudi Arabia.
• Familiarity with Social Insurance, Salary Tax and corporate tax regulations in Egypt.
• Previous experience in remote accounting roles is a plus.

3. Technical Skills:

• Proficiency in accounting ERP software.
• Strong knowledge of financial reporting, budgeting, and auditing.
• Ability to handle payroll, invoicing, and expense management remotely.
• Experience in cloud-based accounting systems and Excel.

4. Regulatory & Compliance Knowledge:

• Understanding of Saudi labor laws, GOSI, VAT, and zakat regulations.
• Compliance with GAAP, IFRS, and SOCPA standards.

5. Skills:

• Strong analytical and problem-solving abilities.
• Excellent communication skills in English and Arabic.
• Ability to work independently and remotely while ensuring accuracy and efficiency.

Key Responsibilities:

1. Financial Reporting & Compliance

• Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements in accordance with Egyptian and Saudi Arabian regulations.
• Maintain compliance with Saudi tax laws (e.g., VAT, Withholding Tax (WHT), and Zakat) and Egyptian tax regulations.
• Manage consolidation of financials across IT services and construction business units.
• Coordinate and manage external audits and ensure timely delivery of audit requirements.

2. Accounts Payable (AP) Management

• Ensure timely and accurate processing of supplier invoices, payments, and reconciliations.
• Oversee compliance with vendor contracts and service agreements (especially for construction and IT suppliers).
• Manage cash flow and working capital by controlling payment cycles and optimizing supplier terms.

3. Accounts Receivable (AR) Management

• Ensure timely invoicing, collections, and accurate revenue recognition for both construction projects and IT service contracts.
• Implement credit control policies to manage customer risks and minimize overdue balances.
• Oversee aging reports and take proactive steps to ensure healthy cash flow.

5. Taxation & Statutory Compliance

• Ensure accurate VAT filings (for both KSA and Egypt) and maintain compliance with Zakat and other local tax regulations.
• Manage withholding tax (WHT) compliance, especially on cross-border transactions.

Ensure compliance with Social Insurance and Payroll laws in both countries.