Chief Accounting Officer
Riyadh, Saudi Arabia
Job Description
Chief Accounting Officer
We’re looking to hire a Chief Accounting Officer for one of our top clients in KSA. Job Location: Riyadh, KSA. Key Responsibilites: Responsible for MIS Reports, Monthly Closing, GL Accounting & Administration, Budgeting & Control, STAT/Internal Audit, Monthly VAT Returns & liaising with KSA Govt Authorities. Accounting & MIS Activities
- Monitoring Revenue Interface – Auto Sales Entries & posting to Journal & OFIN
- Ascertaining Monthly COGS
- Validating & Posting of Intercompany Entries
- Monthly/Quarterly Intercompany Reconciliation/Sign off
- Passing provision of EOSB/Utilities/AMC’s/ PO’based (Foodmark & HOSP KSA Books)
- Amortization of all prepaid expenses (TL, Visa, PAR & Med Ins, Rent, Internet & Others) (Foodmark & HOSP)
- Ensure and validation of monthly OPEX booked
- Ensure all necessary book closure activities are done as per the shared Month END Chater by coordinating with a team member
- Submission of TBs & other reports as required by Concepts/ UAE Corp
- Computation of corporate allocation between all KSA concepts
- Responsible to maintain complete balance sheet (Fixed Assets, CWIP, Staff Advances, Prepayments, Receivables, Sales Tender account, Cash & Treasury, Aged Payables. Provision of Utility, Staff Related payment, EOSB & Other if any)
- Responsible to provide FAR on monthly basis to concepts with reverting on possible quiery raised. Attending Monthly PNL MIS Meeting with all valid explanations on querries related to OPEX & Sales Budget Achievement
- Coordination with each department on their OPEX budgetCompiling & validation of data & consolidating of estimates send to Corporate Team UAE after through verification comparison with LFL, backed with contracts, determination of CTC Staff wise in detail, etc..
- Managing & Attending, completion of Yearly Stat Audit Requirement for FF/FC/Hosp
- Attending/Meeting Internal Auditors’ compliance & reverting to them with all possible points of action regularly
- Filing of monthly VAT Returns for Group on GAZT portal
- Attending/Reverting to all assessments done by GAZT Team on the returns submitted.
- Compiling and preparation of various ANNEX/Exhibits for Yearly Tax Returns form to GAZT
- Validation of same data and arrange to file up returns with our Tax Auditors
- Verification & validation of all Concepts’ PVs in compliance of ICD Team (GRN Confirmation, PO Matching, SOA recon, etc. are attached) &Guiding team on Online payment (Govt/Stat/WPS) & approving the same.
- Responsible for MIS Reports, Monthly Closing, GL Accounting & Administration, Budgeting & Control, STAT/Internal Audit, Monthly VAT Returns & liaising with KSA Govt Authorities.
- Capitalization as leasehold improvements
- Applicability of spares capitalization.
- Concept of impairment of fixed assets
- Timely capitalization and write-offs.
- Actuarial valuation compliance of Gratuity
- Concept of operating and finance leases
- Accounting treatment of new lease requirement
- Basic withholding tax deduction at source and filing requirement
- Repercussions of noncompliance of WHT viz a viz penalties
- Knowledge of VAT deduction on capital assets
- VAT applicable on imports
- Ineligible VAT deductions
- Knowledge of audit disclosure requirements such as disclosure off-balance sheet items, commitment, and contingencies, etc
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Job Detail
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Job IdJD1407216
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationRiyadh, Saudi Arabia
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EducationNot mentioned