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Financial & Tax Accountant

Company:
Saudi Recruit
Location:
Al Khobar, Eastern, Saudi Arabia
Posted:
May 13, 2024
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Description:

We are seeking a highly skilled and detail-oriented Financial & Tax Accountant to join our team.

The ideal candidate will play a crucial role in supporting financial operations, analyzing financial data, and providing strategic recommendations and in addition to oversee all aspect of tax compliance, ensuring accuracy, and adherence to local tax laws and regulations.

Responsibilities will be extremely varied but can typically be expected to comprise.

Financial Statements & Analysis: • Analyze financial data, prepare, and provide monthly financial statements which include Income Statement, Balance Sheet and cash flows.

• Prepare the year-end accounts, finalize audit schedules, reconciliation yearly and manage the relationship with the external auditors as needed.

• Preparation of business unit wise income statement and coordination with the Business Unit managers to understand any queries related to their performance.

• Providing various data with respect for budgeting, various MIS reporting and timely response to management queries.

• Review of accrual and prepayments to make sure that all the expenses are recognized on time.

Accounting support: • General support to accounting team regarding accounting and standard operating processes.

• Review and validate payroll related matters such as EOSB, Payroll validation, payroll reconciliation.

• Ensure all the payroll related entries are booked monthly.

• Capitalization & amortization of fixed assets monthly.

ax & Zakat: • Prepare and submit accurate and timely tax returns in accordance with local laws (VAT, WHT) • Ensure compliance with VAT, Zakat, and other relevant tax requirements.

• Stay updated on the latest developments in Saudi Arabian tax laws and regulations.

• Conduct internal reviews to identify and rectify potential compliance issues.

• Prepare and maintain detailed documentation to support tax filings.

• Respond to inquiries and requests from tax authorities in collaboration with the tax advisors.

Requirements: • Bachelor of Finance and Certified Chartered Accountant (CA) or equivalent preferred.

• Proven experience in audit, financial reporting, and taxation, preferably in a multinational or regional context.

• Deep understanding of Saudi Arabian tax laws, including Zakat and VAT, with a track record of successful compliance.

• Advanced proficiency in Excel and accounting software.

• Strong analytical skills with attention to detail and ability to interpret financial data accurately.

• Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments.

• Fluency in both English and Arabic preferred.

• Preferred Saudi with good experience.

or expatriate With above expertise, Arabic And transferable iqama.

• Location: Khobar (head office) Mentioning Job title in Subject and email Update Word format CV with documents

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