Chief Accountant - Accounting and Reporting

Chief Accountant - Accounting and ReportingSyarah is on a mission to change how people buy their cars in Saudi and the Middle East.
We offer buyers an end-to-end digital car buying experience where they can buy their next car from the comfort of their living rooms.
Under the hood, we build systems to manage sourcing of cars, inspection, photography, merchandising, reconditioning, financing, insurance, shipping, and many more.
Our goal is to turn car buying into an experience of delight, comfort, and peace of mind.We are on the lookout for ambitious, competitive, growth-minded professionals to help us continue to harness technology to delight our customers and achieve our ambitious growth objectives in the auto sector.All Syarah employees are expected to work in accordance with Syarah core values:
Tolerance, Transparency, Respect, Integrity, and Positivity.Responsibilities:
Monitor budgetary spend and provide variance analysis notesPrepare the monthly OPEX & CAPEX performance report (Actual vs.
Budget)Record acquisition, write-off, and disposal of fixed assets together with the computation of appropriate depreciation, maintenance of fixed asset register, and fixed asset schedulesAP Reconciliation:
Reconcile statement of accounts with suppliers and ensure no discrepancies exist and provide balance confirmations for Owned InventoryVerify Purchase Receipt:
Check the purchase invoice document to ensure it matches the purchase order (PO) and that the invoice conforms to the specifications required by the tax authoritiesStock Controlling:
Ensure the GL matches with Module and Stock LedgerNRV and Slow-moving testingMaintain IFRS 16 schedules and provide guidance to the accounting team for periodic bookingsProcess revenue, cost, general and admin expenses, accruals, and prepayments, including their accounting, payments, and general ledger maintenanceRelated Parties Reconciliation:
Monthly reconciliation against all group related partiesESOP recording and maintenance scheduleCarry out adjustment and closing activities such as Sub-Ledger reconciliation with general ledger; Accruals e.g., deferred income, payroll, and other expenses; provisions for inventory, account receivables, end-of-service benefits, etc., and confirmation of account balancesTrack and report the capital budget by contract & by the projectMaintain warranties schedules and provide guidance to the accounting team for periodic bookingsRecording for workshop accounting as per absorption costing practicesPolicies, Processes, and Procedures:
Ensure compliance with accounting policies and SOP'sKey Accountabilities:
Monthly closing within deadline and accuracy of modular dataMonthly closing of procurement, sales, and inventory modules, posting and reconciliation with GLMonthly accruals, prepayments, and provisions transactions and adjustments and closing of TBFixed Assets schedules updateLease schedules updateManage and lead accounting team in order to achieve set timelines, reporting standards, and KPIsRequirements:
Bachelor's degree in Accounting or Finance required8 years or more of relevant experience is requiredCPA, CMA, ACCA, or equivalent
•