Chief Accountant in Dammam

Job Description: Chief Accountant

Company: Operations & Maintenance Company

Job Title: Chief Accountant

Department: Finance & Accounts

Reports To: Finance Manager / Chief Financial Officer (CFO)

Location: Project Sites / Head Office

Employment Type: Full-Time

Job Summary

The Chief Accountant is responsible for managing the company’s accounting operations, ensuring accurate financial reporting, maintaining compliance with Saudi Arabian regulations, and overseeing all financial transactions related to operations and maintenance projects. The role ensures proper budgeting, cost control, payroll verification, tax compliance, and financial analysis to support strategic decision-making.

Key Responsibilities

Financial Management

Manage the day-to-day accounting operations of the company.

Prepare monthly, quarterly, and annual financial statements.

Ensure accurate recording of all financial transactions.

Maintain the company’s general ledger and chart of accounts.

Supervise accounts payable, accounts receivable, payroll, and treasury functions.

Monitor cash flow and prepare cash flow forecasts.

Budgeting & Cost Control:

Prepare annual budgets for departments and projects.

Monitor project expenses against approved budgets.

Analyze operational costs and recommend cost-saving initiatives.

Prepare budget variance reports for management.

Review project profitability and financial performance.

Financial Reporting

Prepare monthly management reports.

Generate project-wise financial reports.

Provide financial analysis to support operational decisions.

Present financial performance reports to senior management.

Payroll & Employee Benefits

Review monthly payroll before processing.

Ensure accuracy of overtime, allowances, deductions, and end-of-service benefits.

Verify employee reimbursements and expense claims.

Compliance & Audit

Ensure compliance with Saudi Arabian financial regulations.

Coordinate internal and external audits.

Maintain proper accounting records and documentation.

Implement and monitor internal financial controls.

Ensure compliance with company financial policies.

Tax & Regulatory Compliance

Ensure timely VAT filing and compliance with ZATCA requirements.

Coordinate withholding tax and other statutory obligations.

Prepare financial documents required by government authorities.

Banking & Treasury

Reconcile bank accounts regularly.

Manage banking relationships.

Monitor company liquidity.

Review payment schedules and vendor settlements.

Project Accounting

Monitor project revenues and expenditures.

Allocate costs accurately across projects.

Track project profitability.

Prepare financial reports for each project.

Team Management

Supervise accounting staff.

Assign daily accounting tasks.

Review accounting entries.

Conduct performance evaluations.

Train and mentor finance personnel.

Risk Management

Identify financial risks.

Develop internal control procedures.

Prevent fraud through financial monitoring.

Recommend improvements to financial processes.

Qualifications:

Bachelor’s Degree in Accounting, Finance, or a related field.

CPA, SOCPA, ACCA, CMA, or equivalent certification is preferred.

Minimum 7–10 years of accounting experience.

At least 3–5 years in a supervisory or managerial accounting role.

Experience in Operations & Maintenance, Facility Management, Construction, or Engineering companies is highly preferred.

Technical Skills

Strong knowledge of IFRS.

Knowledge of Saudi VAT regulations and ZATCA requirements.

Financial reporting and analysis.

Budget preparation and forecasting.

Cost accounting.

Payroll accounting.

Internal controls.

ERP systems (SAP, Oracle, Microsoft Dynamics, Odoo, or similar).

Advanced Microsoft Excel skills.

Soft Skills

Excellent leadership and team management.

Strong analytical and problem-solving skills.

High attention to detail.

Excellent communication and presentation skills.

Ability to meet strict deadlines.

Strong organizational and time management skills.

Integrity and confidentiality.

Key Performance Indicators (KPIs)

Timely submission of monthly financial reports.

Accuracy of financial statements.

Budget variance within approved limits.

Timely VAT and statutory filings.

Reduction in accounting errors.

Successful completion of internal and external audits.

Improved cash flow management.

Timely payroll processing.

Collection of outstanding receivables.

Compliance with company financial policies and Saudi regulations.

Working Conditions

Office-based with occasional visits to project sites.

May require extended hours during month-end and year-end closing.

Works closely with Operations, HR, Procurement, Contracts, and Project Managers.

Authority

The Chief Accountant is authorized to:

Review and approve accounting entries.

Verify financial documents and payment requests within delegated authority.

Recommend improvements to accounting procedures and internal controls.

Coordinate directly with auditors, banks, and regulatory authorities.

Supervise and evaluate the performance of finance team members.

Preferred Industry Experience

Candidates with experience in the following sectors are highly preferred:

Operations & Maintenance (O&M)

Facility Management

Hospitality Services

Healthcare Support Services

Construction & Engineering

Government Contracting

Industrial Maintenance

Fo Appling please send your Cv on the given Email or WhatsApp number:

التقديم على فرصنا دوت نت

التقديم على فرصنا دوت نت