Assistant Accountant

Position Overview

We are seeking a detail-oriented and proactive Assistant Accountant to join our dynamic finance team at Al Rashed in Riyadh. This role is designed to support senior accounting professionals in maintaining accurate financial records, ensuring compliance with regulatory standards, and contributing to the overall financial health of the organization. The ideal candidate will possess a strong foundation in accounting principles, exceptional analytical skills, and a commitment to delivering high-quality work in a fast-paced corporate environment.

Key Responsibilities

• Financial Record Maintenance: Assist in the preparation, review, and maintenance of financial records, including ledgers, journals, and trial balances, ensuring accuracy and completeness of data.
• Accounts Payable & Receivable: Support the processing of invoices, expense reports, and vendor payments, as well as the reconciliation of accounts receivable to ensure timely collections and minimize discrepancies.
• Bank Reconciliation: Perform regular bank reconciliations to verify the accuracy of financial transactions and identify any irregularities or discrepancies that require resolution.
• Financial Reporting: Collaborate with the accounting team to compile and prepare monthly, quarterly, and annual financial reports, including balance sheets, income statements, and cash flow statements, in accordance with GAAP and company policies.
• Tax Compliance: Assist in the preparation and filing of tax returns, ensuring adherence to local tax regulations and deadlines while maintaining proper documentation and records.
• Budget Support: Contribute to the development and monitoring of departmental budgets, tracking expenditures, and providing insights to optimize financial performance and resource allocation.
• Internal Controls: Assist in implementing and maintaining robust internal controls to safeguard company assets and ensure compliance with financial policies and procedures.
• Audit Assistance: Support internal and external audits by providing necessary documentation, explanations, and clarifications to auditors, ensuring a smooth and efficient audit process.
• Process Improvement: Identify opportunities to streamline accounting processes, enhance efficiency, and reduce operational costs through the implementation of best practices and technological advancements.

Qualifications & Skills

To excel in this role, candidates must meet the following criteria:

• A bachelor’s degree in Accounting, Finance, or a related field; professional certifications such as CPA or ACCA are a plus.
• A minimum of 2-3 years of relevant accounting experience, preferably in a corporate or commercial environment.
• Proficiency in accounting software (e.g., SAP, Oracle, QuickBooks) and advanced knowledge of Microsoft Excel, including pivot tables and VLOOKUP functions.
• Strong analytical and problem-solving skills, with the ability to interpret financial data and provide actionable insights.
• Excellent attention to detail and organizational skills, with the ability to manage multiple tasks and deadlines effectively.
• Effective communication and interpersonal skills, enabling seamless collaboration with cross-functional teams and stakeholders.
• Familiarity with local tax laws and regulatory requirements in Saudi Arabia is highly desirable.

Why Join Al Rashed?

As a leading organization in Riyadh, Al Rashed offers a competitive compensation package, opportunities for professional growth, and a collaborative work environment that values innovation and excellence. This role provides a unique opportunity to contribute to the financial success of a reputable company while developing your accounting expertise in a dynamic industry.