Junior Accountant

Job Description

Junior Accountant

Department: Finance & Accounting

Location: Jeddah, Kingdom of Saudi ArabiaIndustry: Ride-Hailing Applications1.

Job PurposeTo support the company's daily financial and accounting operations while ensuring the accuracy of financial records and transactions and their proper integration with the company's operational systems.The role requires a solid understanding of the complete financial cycle of a ride-hailing trip, from trip creation and fare calculation to commission deductions, operational fees, VAT, discounts, incentives, driver settlements, and final accounting entries.The Junior Accountant will be responsible for reconciling operational data from the LIMO application with the accounting system, ensuring that every financial transaction is accurately recorded and allocated to the appropriate general ledger account. The role also supports financial reporting, reconciliations, month-end closing, and compliance with applicable accounting and tax regulations in Saudi Arabia.2. General Accounting ResponsibilitiesRecord, review, and verify daily journal entries and accounting transactions.Monitor revenue and expenses and ensure accurate classification and recording.Maintain and reconcile accounts payable (AP) and accounts receivable (AR).Perform regular bank reconciliations and investigate discrepancies.Review invoices, payment requests, and supporting financial documents.Assist with monthly and annual accounting closing procedures.Prepare periodic financial reports and provide accurate data to management.Monitor operational and administrative expenses and verify supporting documentation.Maintain accurate and up-to-date records within the accounting system.Organize and maintain financial documents and records for audit and reporting purposes.Coordinate with other departments to verify financial transactions and resolve discrepancies.Support internal and external audits by preparing the required financial records and supporting documents.3. Ride-Hailing Application Accounting ResponsibilitiesUnderstand the complete financial lifecycle of a trip within the LIMO application and how each operational transaction translates into accounting entries.Reconcile trip data from the application with the accounting system to ensure that all financial transactions are accurately recorded.Analyze individual trip components, including:Total trip fare and amounts collected from riders.Driver earnings and payable balances.Company commissions and operational fees.Regulatory fees and other applicable charges.Value Added Tax (VAT).Discounts, promotional coupons, and incentives.Refunds, penalties, and financial adjustments.Identify the appropriate general ledger account for each component of a trip and understand its impact on revenue, expenses, receivables, payables, liabilities, and tax accounts.Review accounting entries generated from trip transactions and verify the accuracy of debit and credit entries.Ensure that transactions are not duplicated, omitted, or posted to incorrect accounts.Reconcile cash and electronic payment transactions against trip records and payment provider statements.Review driver settlements, commissions, deductions, bonuses, and incentives to ensure accurate financial recording.Review refunds, cancellations, penalties, compensation payments, and other financial adjustments and ensure proper accounting treatment.Review the financial impact of promotional campaigns, discounts, and coupons and ensure they are recorded in the appropriate accounts.Investigate discrepancies between trip values, collected payments, driver earnings, company commissions, fees, and taxes.Prepare periodic reports connecting operational trip data with revenue, expenses, collections, and outstanding balances.Coordinate with the technical team to understand data flows between the application and the accounting system and investigate missing, duplicated, or incorrectly recorded transactions.Contribute to improving the reconciliation process between operational transactions and the company's accounting records.4. Accounting Systems and Financial IntegrationWork with a complete accounting or ERP system to manage journal entries, financial transactions, reconciliations, and reporting.Understand how to create, maintain, and use a Chart of Accounts and map different transaction types to the appropriate accounts.Understand how operational transactions are transferred into the accounting system through automated integrations, data imports, or manual entries.Review the results of integrations between the LIMO application and the accounting system to ensure the accuracy and completeness of financial data.Trace a financial transaction from its original source in the application to the resulting accounting entry, general ledger account, and financial report.Understand the accounting treatment of commissions, driver payables, payment processing fees, VAT, discounts, incentives, refunds, and other ride-related transactions.Assist in designing and improving accounting mappings, reconciliation procedures, and financial reports to reduce manual work and minimize accounting errors.Identify inconsistencies between operational reports and accounting records and follow up with the relevant teams until they are resolved.5. Zakat, Tax, and Regulatory ComplianceAssist in preparing and reviewing Value Added Tax (VAT) records and reports.Verify the accuracy and completeness of tax invoices.Review the accounting treatment of VAT on trips, commissions, fees, discounts, and other applicable transactions in accordance with relevant regulations and company policies.Support compliance with the requirements of the Zakat, Tax and Customs Authority (ZATCA).Assist in preparing supporting documents and financial data for VAT returns, audits, and tax reviews.Ensure that amounts reported in tax and financial reports can be traced back to the underlying transactions and accounting records.6. Qualifications and ExperienceBachelor's degree in Accounting, Finance, or a related field.Two to three years of practical accounting experience.Good knowledge of accounting principles, journal entries, reconciliations, and the Chart of Accounts.Practical experience or demonstrable knowledge of translating operational transactions into accounting entries and allocating transaction amounts to the correct general ledger accounts.Ability to understand and analyze the complete financial lifecycle of a transaction, from its creation in an operational application to its reflection in accounting records and financial reports.Good understanding of the accounting treatment of revenue, commissions, fees, taxes, discounts, incentives, and amounts payable to third parties.Experience working with a complete accounting system or ERP platform, including journal entries, account mapping, reconciliations, and financial reporting.Familiarity with one or more accounting systems, such as:Qoyod.Daftra.Zoho Books or Zoho Finance.SAP.Odoo.Other equivalent accounting or ERP systems.Proficiency in Microsoft Excel, including data analysis, reconciliations, and financial reporting.Good understanding of VAT and ZATCA requirements in Saudi Arabia.Experience in technology companies, payment processing, e-commerce, or ride-hailing platforms is an advantage.Fluency in Arabic and a good working level of English.7. Required SkillsHigh level of accuracy and attention to detail.Strong ability to analyze operational data and connect it to the correct accounting treatment.Understanding of the relationship between journal entries, the Chart of Accounts, and financial statements.Ability to identify financial discrepancies, investigate root causes, and follow through on corrective actions.Good command of accounting systems and Excel for data analysis and reconciliation.Ability to handle a high volume of daily financial transactions.Strong organizational skills, time management, and prioritization.Effective communication and coordination with Finance, Operations, and Technical teams.Professionalism and strict confidentiality when handling financial information.8. Key Performance Indicators (KPIs)Accuracy of journal entries and accounting classifications.Reconciliation accuracy between application data and the accounting system.Accuracy of trip settlements, driver payables, and electronic payment reconciliations.Timeliness in identifying and resolving financial discrepancies.Accuracy and completeness of commissions, fees, taxes, discounts, and incentives.Compliance with monthly closing and financial reporting deadlines.Completeness and accuracy of accounting records and supporting documents.Quality and traceability of financial reports to their underlying operational transactions.Reduction in duplicated entries, missing transactions, and accounting errors.9. Practical Knowledge ExpectationsThe successful candidate should be able to demonstrate an understanding of how a ride-hailing transaction is reflected in the accounting system.For example, given a completed trip, the candidate should be able to:Break down the trip value into its relevant financial components.Identify the amounts attributable to the company, the driver, payment providers, and applicable taxes or fees.Determine the appropriate general ledger accounts for each component.Explain the debit and credit entries required to record the transaction.Reconcile the resulting accounting entries against the trip details and payment records in the application.Identify and investigate any discrepancies between the operational and accounting data.