Chief Accountant, Olayan Saudi Holding Company, Riyadh, UAE

 Date:  27-Mar-2022

Location:  

Riyadh, SA

Company:  Olayan Real Estate Management

Department:  Financial Management

Sub Department:  Finance and Accounting - Accounting & Controlling

Number of Openings:  1

Role Purpose

To supervise inventory accounting functions, fixed assets and revenue/cost/margins analysis

Job Accountabilities & Activities

 

Ensure that all costs have been considered in the costing:

• To review and ensure accuracy of equipment costing using correct exchange rate and parts costing using correct Beyond Factory Costs (BFC) factors.

Timely processing of documents: 

• To ensure proper recording of inter branch transfer of equipment and invoice processing.

 

Reporting: 

• Review GIT report and ensure all orders are closed, review Beyond Factory Costs (BFC) factor and obtain management approval if change is required 
• Minimize orders that have not been closed for more than 2 months.
• Timely and accurate analysis of Beyond Factory Costs (BFC).
• To carry out periodic Automaster to MFG/Pro accounting interface and ensure inventory reports are matching with the GL accounts.
• To prepare monthly reports of revenues/margins, franchise profitability and inventory. To prepare weekly revenues / margins forecast.
• To process PAA/DAA, prepare capex utilization report, maintain fixed assets register, run monthly depreciation, prepare monthly report of fixed assets.
• To analyze monthly provision for equipment and parts, distribute equipment provision report.

 

Education & Certifications

Graduate, Semi qualified professional accountant, Masters degree in Commerce.

Required Years of Experience

5-7 years of experience 

Good analytical, communication & presentation ability,
Adequate knowledge of Microsoft Excel and word, ability to train & supervise staff.