Talent.com
Accounting Specialist
Accounting SpecialistWa'ed • Dhahran Compound, Eastern Province, Saudi Arabia
Accounting Specialist

Accounting Specialist

Wa'ed • Dhahran Compound, Eastern Province, Saudi Arabia
9 hours ago
Job description

Job Summary

The Accounting Specialist will support financial accounting operations, including general ledger maintenance, financial reporting, compliance, reconciliation, and cost analysis. The role also includes accounts payable and receivable management, cash flow monitoring, tax compliance, and audit support, ensuring accuracy and timeliness in financial transactions while maintaining strong internal controls.

Key Responsibilities

Budgeting & Financial Planning

  • Prepare annual budgets, quarterly management accounts, and ad-hoc reports, ensuring accurate financial planning and alignment with company objectives.
  • Develop financial performance reports at the Business Unit level, highlighting cost / revenue trends and identifying areas requiring corrective action.
  • Prepare projected financial statements based on approved budgets to provide visibility into future financial performance.

Financial Accounting & Bookkeeping

  • Maintain and update Wa’ed’s general ledger, ensuring accurate recording of financial transactions in accordance with internal procedures, regulatory standards, and international accounting practices.
  • Conduct monthly account reconciliations, analyzing account movements, clearing outstanding items, and ensuring accurate ledger balances.
  • Review general ledger allocations, responding to queries from internal departments and preparing journal vouchers for necessary corrections or reclassifications.
  • Control and monitor general ledger accounts, ensuring total debits and credits are reconciled, and all transactions align with accounting standards.
  • Oversee fixed asset management, including classification, depreciation schedules, write-offs, and compliance with fixed asset accounting policies.
  • Accounts Payable

  • Process and verify invoices, cash calls, disbursements, advance payments, and other ad-hoc payments, ensuring accuracy, compliance with contractual terms, and adherence to processing deadlines.
  • Accounts Receivable & Collections

  • Prepare and track ageing reports, ensuring timely collection of outstanding receivables.
  • Communicate collection updates to the operations team, assisting in follow-ups and resolution of overdue accounts.
  • Banking & Cash Management

  • Monitor daily cash positions and bank balances, ensuring sufficient liquidity to meet financial obligations.
  • Prepare cash call requests to Saudi Aramco for funding needs.
  • Coordinate with banks to obtain statements, investigating and resolving discrepancies or unexpected charges.
  • Prepare bank reconciliations, ensuring alignment between financial records and banking transactions.
  • Financial Reporting & Audit Support

  • Prepare year-end financial statements and supporting documents, ensuring compliance with Wa’ed’s accounting policies, chart of accounts, and accounting standards.
  • Liaise with external auditors, providing necessary documentation and responses during audits.
  • Assist in the preparation of VC valuations, loan provisioning, and other financial workings to support financial statement entries.
  • Prepare financial stewardship reports, including KPI / LOI reporting to meet Saudi Aramco requirements.
  • Financial Due Diligence, Valuation & Reporting Support

  • Prepare promissory notes for entrepreneurs and conduct functional reviews or financial due diligence on loan and VC transactions.
  • Develop familiarity with investee valuation exercises and the ability to conduct independent financial valuations using methodologies such as DCF, market comparables, and transaction analysis.
  • Critically evaluate valuation assumptions, identifying risks, inconsistencies, or potential overstatements in financial projections.
  • Compliance, Policies & Internal Controls

  • Implement and maintain accounting policies, procedures, and internal controls, ensuring compliance with regulatory requirements.
  • Support process improvements to enhance efficiency, accuracy, and cost-effectiveness in financial operations.
  • Working Conditions

    The Accounting Specialist will work in a dynamic and fast-paced environment, often under tight deadlines, with a supportive finance team. The position may occasionally require extended hours or weekend work to meet reporting deadlines.

    Qualifications and general competencies

  • Bachelor’s degree in Accounting, Finance, or a related field.
  • 5-10 years of relevant experience in accounting or finance.
  • Partial or full pursuit of SOCPA, CPA, ACCA, CMA, or CFA certification is strongly preferred.
  • Strong knowledge of accounting principles and financial reporting standards.
  • Proficiency in accounting software and financial management tools.
  • Excellent attention to detail and accuracy in financial reporting.
  • Strong problem-solving skills and ability to work in a fast-paced environment.
  • Ability to collaborate effectively within teams and work independently when needed.
  • Strong communication written and presentation skills to interact with internal and external stakeholders.
  • Ability to multitask while meeting deadlines and maintaining a high level of efficiency.
  • #J-18808-Ljbffr

    Create a job alert for this search

    Accounting Specialist • Dhahran Compound, Eastern Province, Saudi Arabia

    Related jobs
    Sales Specialist

    Sales Specialist

    Blue Hat HR Services • Al Khobar, Eastern Province, Saudi Arabia
    We are seeking a motivated and technically proficient Sales Executive / Sale Representative to join with our.The ideal candidate will have a Bachelor’s degree in any stream and experience in develo...Show more
    Last updated: 30+ days ago • Promoted
    Senior Investment Associate

    Senior Investment Associate

    Wa'ed • Dhahran Compound, Eastern Province, Saudi Arabia
    The Investment Associate will be responsible for supporting the investment team in sourcing, analyzing, and evaluating investment opportunities. The role involves working closely with the senior inv...Show more
    Last updated: 9 hours ago • Promoted • New!
    Continuous Improvement Coordinator,UFG, Amazon Now

    Continuous Improvement Coordinator,UFG, Amazon Now

    Afaq Q Tech General Trading (Amazon) • Dammam, Eastern Province, Saudi Arabia
    Do you want to be part of a newly formed organization that is designing and launching new business models across MENA? If so, Amazon Ultra Fast Grocery (UFG) operations is looking for an experience...Show more
    Last updated: 9 hours ago • Promoted • New!
    Accountant

    Accountant

    Asalaa Business Group • Al Khobar, Eastern Province, Saudi Arabia
    General Accounting and Reporting : .Post journal entries and maintain the general ledger.Assist with month-end and year-end closing processes, including reconciliations and accruals.Perform bank and ...Show more
    Last updated: 9 hours ago • Promoted • New!
    Accountant Jobs in Saudi Arabia (Nov 2025) - Bayt.com

    Accountant Jobs in Saudi Arabia (Nov 2025) - Bayt.com

    Saudi Petroleum Services Polytechnic • Dammam, Eastern Province, Saudi Arabia
    Senior Accountant – Jeddah, Saudi Arabia.A detail-oriented Senior Accountant is needed in Jeddah, Saudi Arabia.This role involves managing daily accounting operations, ensuring compliance with Saud...Show more
    Last updated: 17 days ago • Promoted
    Assistant Manager - Financial Analysis & Reporting

    Assistant Manager - Financial Analysis & Reporting

    Lucy Group Ltd • Dammam, Eastern Province, Saudi Arabia
    Financial Accounting & Analysis.To provide timely & accurate financial information and reports.Payroll Administration & Management. Assist the FM in all matters related to Compliance, Reporting and ...Show more
    Last updated: 9 hours ago • Promoted • New!
    Associate Director / Director – Energy & Utilities

    Associate Director / Director – Energy & Utilities

    Alert International • Dammam, Eastern Province, Saudi Arabia
    In this role, you will be responsible for identifying and developing business opportunities, delivering high-impact internal audit and consulting solutions, and growing the firm's footprint across ...Show more
    Last updated: 30+ days ago • Promoted
    Product Specialist

    Product Specialist

    Hitachi Energy • Dammam, Eastern Province, Saudi Arabia
    Product / Brand Management (P&L / Revenue Accountability) work is focused on driving branding / marketing strategies that result in successful products / brands, including managing the product / brand P&L (e...Show more
    Last updated: 7 days ago • Promoted
    Planner IV

    Planner IV

    Wood • Al Khobar, Eastern Province, Saudi Arabia
    Remarkable people, trusted by clients to design and advance the world.Wood is currently seeking a Planner IV to support our Projects business in Al Khobar. Medical Insurance - Ensures specialist car...Show more
    Last updated: 30+ days ago • Promoted
    Dupty Audit Manager

    Dupty Audit Manager

    El-Takamol • Dammam, Eastern Province, Saudi Arabia
    Planning and performing operational and financial audits.Evaluates the accuracy, completeness, and legitimacy of a bank's financial records. Developing recommendations and reports based on audits an...Show more
    Last updated: 9 hours ago • Promoted • New!
    Financial Analyst

    Financial Analyst

    Wa'ed • Dhahran Compound, Eastern Province, Saudi Arabia
    The Accounting & Financial Analyst is responsible for supporting both accounting and financial analysis functions, including general ledger maintenance, financial reporting, accounts payable and re...Show more
    Last updated: 9 hours ago • Promoted • New!
    Saudi Aramco Chair Professor in Corporate Finance

    Saudi Aramco Chair Professor in Corporate Finance

    King Fahd University of Petroleum and Minerals • Dhahran Compound, Eastern Province, Saudi Arabia
    Saudi Aramco Chair Professor in Corporate Finance.Below you will find the details for the position including any supplementary documentation and questions you should review before applying for the ...Show more
    Last updated: 30+ days ago • Promoted
    Chief Accountant

    Chief Accountant

    WaraqaIT • Dammam, Eastern Province, Saudi Arabia
    We are seeking a highly skilled Chief Accountant to join our dynamic finance team in Dammam, Saudi Arabia.The ideal candidate will have extensive experience in accounting and finance management, de...Show more
    Last updated: 9 hours ago • Promoted • New!
    Assurance – External Audit – Senior Associates – Dhahran

    Assurance – External Audit – Senior Associates – Dhahran

    PwC Middle East • Dhahran Compound, Eastern Province, Saudi Arabia
    Established in the region for 40 years, PwC has around 12,000 people in 12 countries across the region : Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, the Palestinian territories, Qata...Show more
    Last updated: 9 hours ago • Promoted • New!
    Strategic Account Executive - Dammam

    Strategic Account Executive - Dammam

    Alnafitha IT • Dammam, Eastern Province, Saudi Arabia
    Alnafitha IT is a leading independent provider of IT services and solutions in Saudi Arabia, founded in 1993.As a fully Saudi-owned company, we have established ourselves from a startup business to...Show more
    Last updated: 30+ days ago • Promoted
    Strategy & Consulting - CFO&EV - Management Consulting Finance Transformation Shared Services M[...]

    Strategy & Consulting - CFO&EV - Management Consulting Finance Transformation Shared Services M[...]

    Accenture Middle East • Dammam, Eastern Province, Saudi Arabia
    Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accel...Show more
    Last updated: 30+ days ago • Promoted
    مدققين حسابات (خارجي) External Auditor

    مدققين حسابات (خارجي) External Auditor

    مجموعة الخبراء والحكمة للتوظيف • Dammam, Eastern Province, Saudi Arabia
    Senior I و Senior II : خبرة ٣-٤ سنوات، العمر غير متجاوز ٣٠، الراتب ما بين 10000 إلى 15000 ريال.Assistant Manager) : خبرة ٥-٦ سنوات، العمر غير متجاوز ٣٣-٣٤، الراتب ما بين 17000 إلى 22000 ريال.Audit Ma...Show more
    Last updated: 9 hours ago • Promoted • New!
    Continuous Improvement Coordinator,UFG, Amazon Now

    Continuous Improvement Coordinator,UFG, Amazon Now

    Amazon • Dammam, Eastern Province, Saudi Arabia
    Do you want to be part of a newly formed organization that is designing and launching new business models across MENA? If so, Amazon Ultra Fast Grocery (UFG) operations is looking for an experience...Show more
    Last updated: 3 days ago • Promoted