Accountant

Job Description

Accountant

Location: Kingdom of Saudi Arabia (Eastern Province)Experience: 4-6 years on Industrial & Contracting Services, including minimum 2 years in Saudi Arabia Qualification: Bachelor’s degree in accounting or similar Employment: Type: Full-time About the RoleMegarme KSA is a newly established company in Saudi Arabia and part of the Megarme brand, which has operated in the UAE for more than 34 years.

The accountant will be responsible for the full accounting cycle, payroll, tax compliance, project costing, management reporting and audit support.The role requires a proactive professional who can work independently, make sound financial decisions and meet strict deadlines. The candidate must have strong knowledge of ZATCA, VAT, corporate tax, withholding tax, GOSI, Mudad/WPS, Qawaem, Saudi Business Centre, e-invoicing and other accounting and finance requirements related to Saudi government authorities.Key ResponsibilitiesAccounting Setup, Reporting & Controls

• Establish the chart of accounts, accounting system, opening balances and financial reporting structure.
• Develop accounting procedures, month-end checklists, approval workflows and document controls.
• Maintain the general ledger, accounts payable, accounts receivable, fixed assets and supporting records.
• Manage customer invoicing, collections, supplier and subcontractor payments, employee advances and petty cash.
• Prepare accounts receivable and accounts payable ageing reports and follow up outstanding balances.
• Perform bank, balance-sheet, supplier, customer, payroll and intercompany reconciliations.
• Complete monthly and year-end closing, including accruals, provisions, prepayments and depreciation.
• Prepare monthly P&L, balance sheet, cash-flow and management reports.
• Prepare annual budgets, cash-flow forecasts and variance analysis.
• Prepare payment documentation and ensure all required management approvals are obtained.
• Maintain complete, accurate and audit-ready accounting records.
• Coordinate internal and external audits and resolve audit queries.
• Coordinate with the Megarme UAE finance team and support management with ad hoc reports.Project Accounting & Controls
• Set up and maintain project cost codes, approved budgets and billing schedules.
• Review project commercial terms, payment milestones, retention and advance-payment conditions.
• Track manpower, payroll, materials, equipment and subcontractor costs by project.
• Reconcile employee timesheets and allocate payroll costs to the correct projects.
• Prepare WIP, progress billing, retention, cost-to-complete and project margin reports.
• Monitor variation orders, unapproved works, contract assets, contract liabilities, advances and unbilled revenue.
• Reconcile project revenue and costs in accordance with IFRS requirements.
• Monitor project profitability and report actual or forecast cost overruns.
• Track bank guarantees, performance bonds, advance-payment guarantees and insurance-related financial records.
• Reconcile related-party transactions and balances with Megarme UAE.KSA Tax, Payroll & Statutory Compliance
• Prepare and file VAT returns and VAT reconciliations.
• Ensure ZATCA-compliant e-invoices, credit notes, debit notes and accounting records.
• Prepare or coordinate Zakat and/or Corporate Income Tax filings, as applicable.
• Calculate and file Withholding Tax on payments to non-residents.
• Maintain transfer-pricing support for related-party transactions.
• Process payroll, allowances, overtime, deductions, leave provisions and end-of-service benefits.
• Prepare/upload Mudad/WPS files and reconcile GOSI contributions.
• Maintain a compliance calendar for all statutory filings and payments.
• Track and arrange payment of MISA, CR, Chamber, municipal, National Address, work permit, iqama, insurance and other government fees.
• Coordinate annual financial statements and Qawaem filing.
• Liaise with ZATCA, auditors, banks, tax advisers and relevant authorities. Qualifications & Requirements
• Bachelor’s degree in accounting (or similar) - mandatory.
• 4-6 years of accounting experience, including minimum 2 years in Saudi Arabia.
• Experience in contracting, industrial services or project-based companies preferred.
• Strong knowledge of IFRS/SOCPA, Saudi VAT, WHT, Zakat/CIT, e-invoicing, payroll, Mudad/WPS, GOSI and Qawaem.
• Practical experience in project costing, WIP, progress billing, retentions and subcontractor accounting.
• Advanced MS Excel and hands-on experience and Zoho Books
• SOCPA membership/eligibility preferred; CMA, ACCA, CPA or CA is an advantage.
• Fluent Arabic and good English, spoken and written - mandatory.
• Valid Saudi Iqama/transferable sponsorship, where applicable.
• High accuracy, confidentiality, ownership and ability to meet deadlines. Key Deliverables
• Timely monthly closing and management reporting.
• Accurate tax, payroll and statutory filings.
• Reliable project profitability and cash-flow reporting.
• Complete, audit-ready accounting records.