Accountant, General

Requisition ID: 16426

Job Country: Saudi Arabia (SA)

Job City: Riyadh

Group Overview:

Headquartered in Riyadh, Saudi Arabia, we operate construction and manufacturing businesses, design and development centers, and a host of facilities in the Middle East and other countries.

Alfanar Building Systems:

Alfanar Construction is classified as a Grade I contractor by the Contractors Classification Committee of the Government of Saudi Arabia.

Alfanar Building Systems manufactures and markets a variety of building construction products and systems.

The core manufacturing activities of the industries operating under Alfanar Building Systems are:

• Façade cladding, glazing systems, and architectural aluminum products
• Precast concrete products and architectural elements
• Real estate development

Job Purpose:

The Asset & Inventory Accountant is responsible for tracking, managing, and reporting on the company's assets and inventory. The role ensures accurate recording of transactions related to the acquisition, depreciation, and disposal of assets, as well as maintaining accurate inventory records in compliance with accounting policies and procedures.

Key Accountability Areas:

• Asset Management:
  • Maintain accurate records of fixed assets, including additions, disposals, and transfers.
  • Ensure proper classification of assets and maintain the asset register.
  • Monitor the depreciation of assets and ensure compliance with accounting standards (e.g., IFRS, GAAP).
  • Prepare and maintain schedules for asset depreciation and amortization.
  • Assist with physical asset counts and reconciliation against recorded data.
• Inventory Management:
  • Track inventory levels and maintain accurate records of all inventory transactions.
  • Ensure proper valuation of inventory in accordance with company policies and accounting standards (FIFO, LIFO, or Weighted Average Cost).
  • Assist in the preparation of periodic inventory audits and reconciliation reports.
  • Monitor and maintain inventory controls to prevent discrepancies and losses.
• Reporting and Analysis:
  • Prepare regular financial reports related to assets and inventory for management review.
  • Reconcile general ledger accounts related to fixed assets and inventory.
  • Assist with month-end, quarter-end, and year-end closing processes related to asset and inventory accounts.
  • Provide analysis and recommendations on asset and inventory management to optimize operational efficiency.
• Compliance and Documentation:
  • Ensure compliance with internal controls, policies, and procedures in managing assets and inventory.
  • Assist in the preparation of external audits by providing necessary documentation and reports.
  • Ensure the company adheres to relevant accounting regulations and tax laws related to asset and inventory management.
• System and Process Improvements:
  • Suggest and implement process improvements to streamline asset and inventory management systems.
  • Work with other departments to ensure accurate data entry and reporting for assets and inventory.
  • Ensure proper integration between inventory management systems and accounting software.
• Collaboration:
  • Work closely with procurement, warehouse, and finance teams to maintain accurate records of inventory and assets.
  • Support the finance team in budgeting and forecasting for assets and inventory.

Role Accountability:

• Bachelor's degree in accounting.
• Proven experience (typically 2-5 years) in asset and inventory accounting or a similar accounting role.
• Strong knowledge of accounting principles and financial reporting.
• Familiarity with asset management software and inventory systems on SAP.
• Proficiency in Microsoft Excel and other accounting software (SAP).
• Excellent attention to detail and strong organizational skills.
• Ability to manage multiple tasks and meet deadlines.
• Strong communication and interpersonal skills.

Academic Qualification:

Bachelor's degree in accounting.

Work Experience:

2 to 5 years.

Technical / Functional Competencies:

• Financial Accounting (FI)
• Accounts Receivable (AR)
• Reconciliation
• Financial Reporting