Chief Accountant – Contracting & O&M

‏⁦🚨 We’re HiringNafoud Al Athereia Contracting Company is seeking an experienced finance professional to lead its accounting operations across contracting, infrastructure, and Operations & Maintenance projects.Job Title: Chief Accountant – Contracting & O&M📍 Location: Riyadh, Saudi Arabia🏗️ Industry: Contracting, Infrastructure, Water Projects, and Operations & Maintenance🕘 Employment Type: Full-timeRole Objective:To lead the company’s day-to-day accounting operations, financial closing, budgeting, project-cost accounting, and management reporting while ensuring accurate financial records, effective internal controls, regulatory compliance, and clear visibility of project and company performance.Key Responsibilities:• Lead and supervise the company’s daily accounting and financial operations.• Manage the accounting team, distribute responsibilities, review outputs, and ensure the timely completion of all financial tasks.• Oversee general ledger, accounts payable, accounts receivable, fixed assets, payroll accounting, employee advances, petty cash, and bank reconciliations.• Lead monthly, quarterly, and annual financial closing processes and ensure the accuracy of all closing entries and account reconciliations.• Prepare annual budgets, periodic forecasts, cash-flow projections, and budget-versus-actual variance reports.• Establish, maintain, and monitor cost centers for each project, department, and operational activity.• Monitor actual project costs against approved budgets and identify cost overruns, unrecorded commitments, and financial risks.• Prepare project profitability reports and analyze revenue, direct costs, overhead allocation, margins, and expected final results.• Review project progress invoices, certified work, retentions, advances, subcontractor invoices, and related accounting entries.• Ensure the proper accounting treatment of work in progress, project revenue, accrued income, accrued expenses, provisions, and project commitments.• Apply appropriate revenue-recognition and cost-allocation principles for contracting and long-term projects.• Monitor customer collections, supplier payments, aging reports, and working-capital requirements.• Oversee bank accounts, financing facilities, letters of guarantee, letters of credit, transfers, and related reconciliations in coordination with the Treasury function.• Prepare periodic financial statements, management reports, cash-position reports, and financial-performance dashboards.• Ensure compliance with approved financial policies, delegation-of-authority limits, internal controls, and supporting-document requirements.• Coordinate with Projects, QS, Cost Control, Procurement, HR, Treasury, and Executive Management to ensure accurate and complete financial data.• Manage VAT, withholding tax, Zakat-related requirements, and submissions in coordination with the company’s tax and external advisors.• Coordinate with external auditors and provide all schedules, reconciliations, confirmations, and supporting documentation required for the audit.• Develop and improve accounting policies, procedures, closing checklists, reporting templates, and financial workflows.• Support the implementation and effective use of Odoo or other ERP systems and ensure accurate project and cost-center data.• Provide management with early warnings regarding liquidity, project losses, delayed collections, cost overruns, and financial-control weaknesses.Qualifications & Mandatory Experience:• Bachelor’s degree in Accounting, Finance, or a related discipline.• Minimum of 10 years of progressive accounting and financial experience.• At least 10 years of relevant experience within contracting, infrastructure, construction, or Operations & Maintenance companies.• Previous experience as a Chief Accountant, Head of Accounts, or in a similar supervisory position is required.• Proven experience in preparing budgets, financial statements, cash-flow forecasts, and management reports.• Strong practical experience in project accounting, cost centers, project profitability, work in progress, progress invoices, retentions, and subcontractor accounting.• Strong understanding of banking transactions, financing facilities, letters of guarantee, letters of credit, and treasury controls.• Good knowledge of IFRS and accounting requirements applicable to contracting and long-term projects.• Familiarity with Saudi VAT, withholding tax, Zakat requirements, and ZATCA procedures.• Advanced proficiency in Microsoft Excel and accounting and ERP systems; practical Odoo experience is highly preferred.• Previous professional experience in Saudi Arabia is highly preferred.• CMA, SOCPA, CPA, or an equivalent professional qualification is an advantage.• Strong leadership, analytical, reporting, problem-solving, and team-management capabilities.• Professional proficiency in Arabic and English.Required Application Documents:• Updated CV.• Summary of previous contracting and O&M experience.• List of the main companies and projects handled.• Brief description of measurable financial achievements, such as reducing closing time, improving collections, implementing cost centers, enhancing project reporting, or strengthening financial controls.• Copies of relevant professional certificates, if available.📩 Qualified candidates are invited to submit their application, mentioning the following job title in the email subject:“Chief Accountant – Contracting & O&M”Email: jobs@alathereia.comApplications that do not demonstrate at least 10 years of relevant accounting experience within contracting, infrastructure, or O&M companies may not be considered.#Hiring #ChiefAccountant #HeadOfAccounts #AccountingJobs #FinanceJobs #ContractingJobs #ProjectAccounting #CostCenters #Budgeting #CostControl #InfrastructureJobs #OperationsAndMaintenance #Odoo #RiyadhJobs #SaudiArabiaJobs #NafoudAlAthereia