Role: Senior Accountant
Employment Type: Outsourced
Industry: Retail & Distribution
Job Type: Full-Time
Location: Riyadh, Saudi Arabia
Job Summary:
We are seeking an experienced and detail-oriented Senior Accountant to join our finance team in Saudi Arabia. This role is critical in ensuring financial accuracy, regulatory compliance, and strong operational control in a retail and distribution environment. The ideal candidate will have a minimum of 5 years of experience in Saudi Arabia in a similar role and be well-versed in Saudi tax laws, HR regulations, and ERP systems (ODOO and SAP). Fluency in Arabic and English (read, write, speak) is mandatory.
Experience in managing accounting functions related to retail inventory, product distribution, and point-of-sale operations is essential.
Key Responsibilities:
- Oversee all accounting functions, including general ledger, accounts receivable/payable, bank reconciliations, and financial reporting.
- Manage inventory accounting processes, ensuring accurate recording of stock movements, cost of goods sold (COGS), and stock valuation.
- Monitor and reconcile inventory variances between warehouses, retail outlets, and ERP systems.
- Ensure timely and accurate preparation and submission of tax returns (Zakat, VAT, Withholding Tax, Corporate Income Tax) in compliance with ZATCA regulations.
- Maintain and ensure compliance with e-invoicing (Fatoorah) standards.
- Implement and monitor internal controls around retail and distribution transactions, including sales, returns, and inter-branch transfers.
- Prepare monthly, quarterly, and annual financial statements and reports.
- Ensure payroll compliance in accordance with Saudi HR and labor laws, and coordinate with HR on payroll-related entries.
- Utilize ERP systems (ODOO and SAP) for financial data entry, inventory tracking, and reporting.
- Support internal and external audits with complete documentation and timely responses.
- Collaborate with sales, logistics, and warehouse teams to ensure financial alignment with operational goals.
Mandatory Requirements:
- Minimum 5 years of accounting/finance experience in Saudi Arabia, specifically in a retail and distribution company.
- Strong knowledge of inventory and product accounting in a retail/distribution context.
- In-depth understanding of Saudi taxation: VAT, Zakat, WH Tax, Corporate Tax, and e-invoicing (Fatoorah).
- Familiarity with Saudi HR and labor laws, particularly as they relate to payroll and employee-related financial matters.
- Proven experience with ERP systems: ODOO and SAP.
- Fluent in Arabic and English (reading, writing, and speaking)
- Male (Indian/Pakistani Nationality)
Preferred Qualifications:
- Bachelor’s degree in accounting, Finance, or a related field (CPA, CMA certification is a plus).
- Strong attention to detail and an analytical mindset.
- Effective communication and coordination skills with cross-functional teams.
- Ability to manage multiple priorities and meet tight deadlines in a dynamic retail environment.
Compensation & Benefits:
- Competitive salary based on experience and qualifications.
- Medical insurance coverage.
- Annual leave and other statutory benefits as per Saudi labor law.
- Career development and growth opportunities within a leading retail and distribution organization.