Lead Accountant

Purpose of Job

Jobholders at this level are experienced professionals capable of conducting work with general directions. They are primarily concerned with developing solutions to challenges which require some analysis to understand and resolve, and addressing issues escalated from junior levels.

They undertake complex operational activities including reviewing vendors’ accounts and transactions, preparing requests for transfers, reconciling bank accounts and payroll data, and investigating inconsistencies.

Job Resposiblites

Job Details

• Record accounting transactions and journal entries related to accounts payable and payroll accurately in line with accounting standards and principles
• Review invoices and requests for payment matching them with approved purchase orders, investigate inconsistencies and escalate issues
• Review vendors’ accounts and transactions to keep track of appropriate payment schedules and amounts as per predefined SLAs and time frames
• Review and reconcile ZATCA payroll data submitted by concerned stakeholders, and identify deviations and investigate discrepancies with relevant parties
• Prepare necessary requests for bank transfers and other payment documents
• Handle business transactions with banks (deposits, withdrawals, transfers, etc.), and ensure daily reconciliation
• Handle the timely and accurate processing of payments (invoices, payroll, benefits, pensions, staff rewards, etc.) and verify that billed amounts are authorized and cleared for release on schedule payment dates
• Reconcile petty cash and replenish petty cash funds as per approved budget

Reconcile bank accounts on a daily basis

• Follow all relevant policies, processes and standard operating procedures so that work is carried out in a controlled and consistent manner
• Help in solving escalated problems and provide needed support for junior team to ensure work is carried out in an efficient manner

Communication and Contacs

Education

Bachelor’s degree in Accounting or equivalent is required

Experience

A minimum of 4 years of relevant experience

Competencies