Accountant

Whitecollars

8d

About The Position

The Accountant supports the company’s day-to-day accounting operations by maintaining accurate financial records, ensuring transactions are properly recorded, and assisting with reconciliations and financial reporting. The role covers transaction recording, inventory accounting, sales reconciliation, payroll review, VAT compliance, and financial documentation, while ensuring adherence to company policies, accounting standards, and International Financial Reporting Standards (IFRS).

The client is a home textiles and accessories retailer with six stores in Jeddah, Riyadh, and Madina. The company aims to be a distinguished lifestyle brand, offering statement-making designs and high-quality materials at reasonable prices.

Requirements

• Bachelor’s degree in Accounting or Finance.
• Minimum 5 years of accounting experience.
• Experience using Odoo ERP or similar accounting systems.
• Strong proficiency in Microsoft Excel.
• Good command of spoken and written English.
• Good understanding of International Financial Reporting Standards (IFRS) and accounting principles.

Responsibilities

• Record daily financial transactions in the accounting system.
• Prepare and post journal entries with proper supporting documentation.
• Maintain accurate and organized financial records.
• Record supplier invoices and assist with supplier payment processing in coordination with the Finance Manager.
• Record customer payments and monitor receivable balances.
• Ensure expenses are accurately recorded and allocated to the appropriate accounts.
• Reconcile store sales with POS reports and system records.
• Review store cash deposits and investigate discrepancies.
• Ensure sales from retail stores, online platforms, and other channels are accurately recorded.
• Record inventory transactions and adjustments in the accounting system.
• Assist in reconciling physical inventory with system records, support stock counts, and investigate inventory variances.
• Calculate and allocate landed costs, including freight, customs duties, and related import expenses, to inventory for accurate product costing.
• Perform regular bank reconciliations and investigate discrepancies.
• Reconcile supplier, customer, and other balance sheet accounts, and review balances for accuracy and completeness.
• Assist with monthly financial closing activities and ensure transactions are recorded in the correct accounting period.
• Support preparation of financial schedules and reports in accordance with IFRS principles and company accounting policies.
• Review employee payroll records, including salaries, allowances, overtime, and other earnings, before processing.
• Ensure payroll calculations are accurate and supported by approved documentation.
• Verify payroll entries are correctly recorded in the accounting system and allocated to the appropriate accounts.
• Ensure transactions are properly recorded for VAT purposes, maintain VAT documentation, and assist in preparing VAT reports in compliance with ZATCA regulations.
• Review expense claims and supporting documents for completeness and compliance with company policies.
• Ensure expenses are properly authorized before recording them.
• Coordinate with operations, warehouse, and store teams regarding financial matters.
• Support improvements in accounting procedures and internal controls.
• Perform other accounting-related duties assigned by the Finance Manager.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level