Accountant, Record to Report - Middle East

Position Overview

IFS, a globally recognized leader in enterprise software solutions with over $1 billion in annual revenue and a workforce of 5,000+ employees across all continents, is seeking a highly motivated and detail-oriented Accountant, Record to Report – Middle East to join our finance team in Riyadh, Saudi Arabia. This role is pivotal in ensuring the accuracy, compliance, and efficiency of our financial reporting processes within a dynamic, multi-currency, and multi-regulatory environment. As a key member of our finance function, you will play a critical role in driving financial integrity, supporting cross-border statutory and tax obligations, and contributing to process improvements that enhance organizational performance.

Key Responsibilities

The Accountant, Record to Report will be responsible for overseeing the complete financial close cycle for assigned entities in the Middle East. Your core duties will include:

• Financial Close Management: Execute monthly, quarterly, and year-end financial close activities for assigned entities, ensuring timely and accurate financial reporting in strict alignment with group reporting timelines and regulatory requirements.
• Financial Statement Preparation: Develop comprehensive financial statements under International Financial Reporting Standards (IFRS) and local Generally Accepted Accounting Principles (GAAP), including all required disclosures, reconciliations, and supporting documentation to facilitate audit readiness.
• Balance Sheet Reconciliation: Prepare, review, and reconcile balance sheet accounts on a monthly basis, ensuring full documentation and compliance with internal control frameworks to maintain the highest standards of financial integrity.
• Tax Compliance and Reporting: Support the preparation and submission of Value-Added Tax (VAT) and other statutory tax returns for assigned entities operating in the Middle East, while coordinating with local tax advisors and external auditors to ensure adherence to local and cross-border tax obligations.
• Audit Coordination: Serve as the primary liaison for statutory audits, providing audit schedules, reconciliations, and comprehensive supporting documentation in a timely and organized manner to facilitate smooth audit execution.
• Financial Analysis and Issue Resolution: Analyze financial transactions and account balances to identify discrepancies, resolve accounting issues, and maintain the integrity of financial records across all assigned entities.
• Process Improvement and Automation: Identify, evaluate, and implement process improvements and automation opportunities within the Record to Report function to enhance operational efficiency, accuracy, and scalability.
• Governance and Compliance: Ensure strict adherence to group accounting policies, governance frameworks, and internal control standards across all assigned entities to mitigate risks and uphold financial transparency.
• Documentation Management: Maintain organized, audit-ready documentation systems that support both internal and external audit requirements, ensuring seamless compliance with regulatory standards.
• Accounts Receivable Management: Oversee accounts receivable processes, including timely collections, bad debt management, and adherence to IFS internal policies to optimize cash flow and financial performance.
• E-Invoicing Compliance: Manage the invoicing process in accordance with Middle East e-invoicing regulations, ensuring seamless integration with local tax authorities to meet statutory requirements and enhance operational efficiency.
• Cash Flow Forecasting: Prepare and maintain weekly cash flow forecasts to support strategic financial planning and decision-making within the organization.

Qualifications and Experience

To excel in this role, candidates should possess the following qualifications and attributes:

• Education: Bachelor’s degree in Accounting, Finance, or a related field. Professional certifications such as CPA, ACCA, or CMA are highly desirable.
• Experience: Minimum of 5 years of progressive accounting experience, with at least 3 years in a Record to Report or financial close capacity within a multinational or multi-entity environment. Experience in the Middle East or familiarity with regional accounting standards is a strong advantage.
• Technical Skills: Proficiency in ERP systems (e.g., SAP, Oracle, or similar), advanced Excel skills, and a solid understanding of IFRS, local GAAP, and tax regulations. Experience with e-invoicing platforms and tax authority integrations is a plus.
• Analytical and Problem-Solving Skills: Exceptional attention to detail, analytical thinking, and the ability to resolve complex accounting issues with precision and efficiency.
• Communication and Collaboration: Strong interpersonal and communication skills, with the ability to liaise effectively with global stakeholders, tax advisors, auditors, and local authorities.
• Adaptability and Innovation: A proactive mindset with a passion for process improvement, automation, and driving operational excellence in a fast-paced, dynamic environment.

Why Join IFS?

By joining IFS, you will become part of a global, diverse, and innovative team committed to making a positive impact on society through cutting-edge technology and sustainable business practices. As a member of Team Purple, you will benefit from:

• A collaborative and inclusive work environment that values diverse perspectives and fosters professional growth.
• Opportunities to contribute to meaningful projects that drive global change and innovation in enterprise software solutions.
• Access to continuous learning and development programs to enhance your skills and advance your career.
• A commitment to work-life balance, flexibility, and employee well-being, supported by a modern and agile corporate culture.
• The chance to be part of a winning team that celebrates creativity, originality, and the courage to challenge the status quo.

If you are a detail-oriented accounting professional seeking a challenging and rewarding role in a dynamic, international environment, we encourage you to apply and #MakeYourMoment with IFS.