Financial Manager Jobs - Hail Saudi

<p><strong>1. Position Summary</strong></p><p>The Project Accountant is responsible for maintaining accurate project financial records, processing payments and receipts, monitoring costs and budgets, managing accounts payable and receivable, and supporting financial reporting for the railway project.&nbsp;</p><p>The role ensures compliance with company procedures, project requirements and applicable Saudi Arabian accounting and tax regulations.</p><p>&nbsp;</p><p><strong>2. Key Responsibilities</strong></p><ul><li>Maintain complete and accurate accounting records for all project transactions.</li><li>Record project expenses, revenues, accruals, prepayments, assets and liabilities in the accounting system.</li><li>Process and verify supplier, subcontractor and consultant invoices against contracts, purchase orders, delivery documents and payment certificates.</li><li>Monitor accounts payable and prepare payment schedules in accordance with approved payment terms.</li><li>Prepare client invoices and maintain accounts receivable and payment-collection records.</li><li>Reconcile client, subcontractor and supplier accounts and resolve discrepancies.</li><li>Conduct monthly bank, cash, supplier, intercompany and general-ledger reconciliations.</li><li>Manage project petty cash, staff advances and expense claims.</li><li>Monitor project expenditure against approved budgets and cost codes.</li><li>Coordinate with the commercial and quantity-surveying teams on subcontractor payments, variations, retention and advance-payment recovery.</li><li>Allocate costs accurately among civil works, bridges, culverts, trackwork, plant, labour, materials and overheads.</li><li>Prepare monthly project financial reports, including profit-and-loss statements, balance sheets, cash-flow forecasts and budget-versus-actual reports.</li><li>Support the preparation of cost-to-complete forecasts and project profitability reports.</li><li>Record retention, advance payments, performance guarantees and other project-related financial obligations.</li><li>Maintain the project fixed-asset register and control the accounting treatment of plant, vehicles and equipment.</li><li>Support payroll processing and verify employee timesheets, allowances, deductions and final settlements.</li><li>Coordinate with procurement, stores and site teams to reconcile purchases, deliveries, inventory and material consumption.</li><li>Support VAT,withholding taxx, zakat and other statutory accounting requirements applicable in Saudi Arabia.</li><li>Assist with internal, external and statutory audits and provide the required supporting documentation.</li><li>Ensure compliance with company financial policies, approval authorities and internal-control procedures.</li><li>Maintain properly organized accounting records for project close-out and final audit.</li><li>Maintain confidentiality of all financial, payroll and commercial information.</li></ul><p>&nbsp;</p><p><strong>Qualifications &amp; Experience</strong></p><ul><li>Bachelor’s degree in Accounting, Finance, Commerce or a related discipline.</li><li>Professional qualification such as SOCPA, ACCA, CPA, CMA or equivalent is preferred.</li><li>Minimum 7 years of relevant accounting experience, including at least 3 years on construction or infrastructure projects.</li><li>Experience on railway, metro or major civil-engineering projects is preferred.</li><li>Previous experience in Saudi Arabia or the GCC is strongly preferred.</li><li>Practical experience in project accounting, cost control, accounts payable, accounts receivable and financial reporting.</li><li>Familiarity with subcontractor payment certificates, retention, advance payments, variations and project cost codes.</li><li>Working knowledge of Saudi VAT, withholding tax, zakat and electronic invoicing requirements.</li><li>Experience working with multinational project teams, joint ventures or consortiums is an advantage.</li><li>Excellent written and spoken English; Arabic is an advantage.</li></ul><p>Candidate Preference</p>