Senior Accountant - Jeddah

About Chalhoub Group

For over seven decades, Chalhoub Group has been a pioneering force in the luxury retail landscape of the Middle East, renowned for crafting exceptional and unforgettable experiences. As a hybrid luxury retailer, the Group boasts a distinguished portfolio of more than 10 owned brands while serving as a strategic partner and distributor for over 400 international luxury fashion, beauty, jewelry, watches, eyewear, and art de vivre brands. Committed to excellence, innovation, and technological advancement, Chalhoub Group continuously redefines the boundaries of luxury retail, delivering seamless omnichannel experiences across a vast network of over 950 stores, online platforms, and mobile applications. At the heart of this transformation is The Greenhouse, the Group’s dedicated innovation hub, which nurtures startups and emerging businesses both regionally and globally.

Chalhoub Group is deeply rooted in a culture that prioritizes people, diversity, equity, and inclusion, fostering an environment where forward-thinking and future-proofing thrive. With a workforce of over 16,000 talented professionals spanning eight countries in the Middle East and Latin America, the Group has earned the prestigious Great Place to Work® certification in multiple markets. Sustainability remains a cornerstone of its strategy, guided by a steadfast commitment to people, partners, and the planet. Chalhoub Group proudly aligns with the United Nations Global Compact, adheres to the Women’s Empowerment Principles, and has pledged to achieve Net Zero emissions by 2040.

Your Role as a Senior Accountant

As a Senior Accountant at Chalhoub Group, you will play a pivotal role in ensuring the accuracy, integrity, and compliance of all financial records and accounting processes. This position demands a high level of expertise in financial reconciliation, adherence to international accounting standards, and strategic financial management to support the Group’s ambitious growth and operational excellence. You will serve as a trusted advisor to business units, providing technical accounting guidance, overseeing critical financial processes, and ensuring seamless collaboration across departments to drive efficiency and transparency.

Key Responsibilities

• Organizational Excellence:
  • Adhere rigorously to all accounting policies, processes, and standard operating procedures to maintain a controlled and consistent workflow.
  • Ensure that all financial activities are conducted in alignment with international accounting standards and regulatory requirements.
• Operational Leadership:
  • Demonstrate autonomy in managing day-to-day accounting activities with minimal supervision, ensuring continuity and efficiency in operations.
  • Provide mentorship and support to junior team members, addressing escalated cases, issues, or questions to ensure timely resolution and adherence to deadlines.
• Financial Reconciliation and Compliance:
  • Oversee the reconciliation of all employee and business unit accounts, ensuring accuracy and compliance with accounting policies.
  • Plan, manage, and execute year-end closing processes for assigned accounting records, ensuring timely and accurate financial reporting.
  • Provide expert technical accounting support and interpretation to business units, resolving complex financial queries and ensuring alignment with best practices.
  • Conduct thorough reviews of monthly bank reconciliations, verifying their accuracy and timeliness to prevent discrepancies or fraudulent activities.
  • Ensure that all reconciliations are free of long-outstanding items and that payments are processed without delay.
• Strategic Financial Management:
  • Maintain and update accounting and financial records for assigned business units, ensuring completeness and accuracy.
  • Direct the installation and maintenance of accounting records, including the implementation and enhancement of the ERP system.
  • Support cash management, banking operations, and vendor relationships to optimize financial liquidity and operational efficiency.
  • Collaborate closely with HR to ensure the accurate and timely processing of monthly payroll, addressing any financial discrepancies promptly.
  • Assist in cash and treasury management, ensuring optimal financial controls and safeguarding against risks.
• Stakeholder Collaboration and Reporting:
  • Liaise with external auditors, providing all necessary financial data and documentation to facilitate timely and comprehensive audits in alignment with Group deadlines.
  • Coordinate with IT to implement system enhancements and improvements that streamline accounting processes and enhance data integrity.
  • Oversee the preparation of monthly management reports, including schedules, worksheets, and narratives, to provide actionable insights to leadership.
  • Deliver comprehensive financial and accounting advisory services, including detailed reports and statements, to support business decision-making.

Ideal Candidate Profile

We are seeking a detail-oriented, analytical, and proactive Senior Accountant with a strong background in financial reconciliation, compliance, and strategic financial management. The ideal candidate will possess a degree in Accounting, Finance, or a related field, along with professional certifications such as CPA or ACCA. A minimum of 5-7 years of progressive accounting experience, preferably in a luxury retail or multinational corporate environment, is essential. Proficiency in ERP systems, advanced Excel skills, and a deep understanding of international accounting standards (IFRS) are critical. Strong communication, leadership, and problem-solving abilities are equally important to thrive in this dynamic and collaborative role.