Chief Accountant

Role Overview

The Chief Accountant will own the company’s core accounting activities and financial control environment, with responsibility across general ledger, payables, receivables, payroll, and reporting. Based in Riyadh, this role also plays a key part in project accounting for a contracting business, with a strong focus on cost control, compliance, and management support.

Key Responsibilities

• Handle the full accounting cycle, covering general ledger, accounts payable, accounts receivable, payroll, and financial reporting.
• Prepare monthly, quarterly, and yearly financial statements, and complete period-end closings on time.
• Deliver financial analysis, management dashboards/reports, and practical recommendations to guide business decisions.
• Oversee project accounting activities such as job costing, work-in-progress tracking, revenue recognition, and profitability review.
• Compare project budgets with actual spending and highlight variances for management review.
• Check subcontractor invoices and payments, progress billings, retention amounts, and any contract changes.
• Ensure adherence to VAT requirements, tax rules, accounting standards, and internal company policies.
• Set up and maintain strong internal controls along with proper, accurate financial records.
• Liaise with internal and external auditors and close audit observations in a timely manner.
• Manage monthly payroll processing and ensure salaries are paid correctly and on schedule through the Wage Protection System.
• Account for payroll-related obligations such as annual leave, flight ticket accruals, and end-of-service benefits.
• Track project cash flow, working capital needs, and overall liquidity position.
• Oversee bank accounts, payment scheduling, cash deployment, and banking relationships.
• Lead, guide, and develop the accounting team to improve productivity and professional capability.
• Streamline accounting workflows, reporting tools, and finance processes to improve accuracy, control, and efficiency.

Requirements

• At least 5 years of experience in a Chief Accountant role.
• Prior exposure to contracting companies is preferred, especially within the MEP sector.
• Ability to perform well under pressure while managing a small team.

Additional Information

This is a full-time, on-site position in Riyadh, Saudi Arabia. The role is intended for candidates who can manage both routine accounting operations and project-focused financial responsibilities in a contracting environment.

Notes

No stipend or salary range was specified in the source information.