What are the responsibilities and job description for the Chief Accountant position at Leader Investment Group - LIG?
Reports to: CFO
Qualification
Qualification
- Educational Background:
- Bachelor’s degree in accounting, Finance, or a related field (a master’s degree is a plus).
- Experience:
- 5-10 years of experience in accounting and finance, preferably in the IT sector.
- Experience with Saudi accounting standards (SOCPA).
- Familiarity with VAT, Zakat, and corporate tax regulations in Saudi Arabia.
- Familiarity with Social Insurance, Salary Tax and corporate tax regulations in Egypt.
- Previous experience in remote accounting roles is a plus.
- Technical Skills:
- Proficiency in accounting ERP software.
- Strong knowledge of financial reporting, budgeting, and auditing.
- Ability to handle payroll, invoicing, and expense management remotely.
- Experience in cloud-based accounting systems and Excel.
- Regulatory & Compliance Knowledge:
- Understanding of Saudi labor laws, GOSI, VAT, and zakat regulations.
- Compliance with GAAP, IFRS, and SOCPA standards.
- Skills:
- Strong analytical and problem-solving abilities.
- Excellent communication skills in English and Arabic.
- Ability to work independently and remotely while ensuring accuracy and efficiency.
- Financial Reporting & Compliance
- Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements in accordance with Egyptian and Saudi Arabian regulations.
- Maintain compliance with Saudi tax laws (e.g., VAT, Withholding Tax (WHT), and Zakat) and Egyptian tax regulations.
- Manage consolidation of financials across IT services and construction business units.
- Coordinate and manage external audits and ensure timely delivery of audit requirements.
- Accounts Payable (AP) Management
- Ensure timely and accurate processing of supplier invoices, payments, and reconciliations.
- Oversee compliance with vendor contracts and service agreements (especially for construction and IT suppliers).
- Manage cash flow and working capital by controlling payment cycles and optimizing supplier terms.
- Accounts Receivable (AR) Management
- Ensure timely invoicing, collections, and accurate revenue recognition for both construction projects and IT service contracts.
- Implement credit control policies to manage customer risks and minimize overdue balances.
- Oversee aging reports and take proactive steps to ensure healthy cash flow.
- Taxation & Statutory Compliance
- Ensure accurate VAT filings (for both KSA and Egypt) and maintain compliance with Zakat and other local tax regulations.
- Manage withholding tax (WHT) compliance, especially on cross-border transactions.
