Chief Accountant - Accounting and Reporting

Chief Accountant - Accounting and ReportingSyarahis 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.AllSyarahemployees are expected to work in accordance with Syarah core values:
Tolerance, Transparency, Respect, Integrity, and Positivity.Responsibilities:
Monitor budgetary spend and provide variance analysis notes
Prepare 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 schedules
AP Reconciliation:
Reconcile statement of accounts with suppliers and ensure no discrepancies exist and provide balance confirmations for Owned Inventory
Verify 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 authorities
Stock Controlling:
Ensure the GL matches with Module and Stock Ledger
NRV and Slow-moving testing
Maintain IFRS 16 schedules and provide guidance to the accounting team for periodic bookings
Process revenue, cost, general and admin expenses, accruals, and prepayments, including their accounting, payments, and general ledger maintenance
Related Parties Reconciliation:
Monthly reconciliation against all group related parties
ESOP recording and maintenance schedule
Carry 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 balances
Track and report the capital budget by contract & by the project
Maintain warranties schedules and provide guidance to the accounting team for periodic bookings
Recording 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 data
Monthly closing of procurement, sales, and inventory modules, posting and reconciliation with GL
Monthly accruals, prepayments, and provisions transactions and adjustments and closing of TB
Fixed Assets schedules update
Lease schedules update
Manage and lead accounting team in order to achieve set timelines, reporting standards, and KPIsRequirements:
Bachelor's degree in Accounting or Finance required
8 years or more of relevant experience is required
CPA, CMA, ACCA, or equivalent#