Chief Accountant
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Key skills for this role
About the Role
The Chief Accountant will be responsible for supporting the Director of Finance (DOF) in managing all operational accounting duties. This role is critical in maintaining accurat.
Key Skills for This Role
Responsibilities
- Manage day to day operations of the Accounting Department including A/P, A/R, General Cashier, and Income Audit
- Prepare and finalize accurate daily, weekly, and monthly financial reports
- Ensure timely processing of payroll, tax filings (VAT/Zakat), and governmental compliance reports
- Conduct monthly bank and balance sheet reconciliations
- Oversee and maintain the General Ledger
- Assist in pre opening financial setup including bank accounts, permits, and accounting software structure
- Enforce internal controls and ensure compliance with KSA regulations and Accor policies
- Support training and supervision of junior accounting staff
Requirements
- Experience in managing day to day accounting operations
- Knowledge of KSA tax laws (VAT, Zakat) and labor laws
- Familiarity with USALI and Accor accounting standards
- Experience with pre opening financial setup
- Proficiency in accounting software (e.g., SAP, SunSystems)
Full Job Posting
Role Overview
- The Chief Accountant will be responsible for supporting the Director of Finance (DOF) in managing all operational accounting duties. This role is critical in maintaining accurate financial records, preparing timely reports, and ensuring strict adherence to Accor corporate policies, local KSA financi
Financial Operations & Reporting
- Manage the day to day operations of the Accounting Department, including Accounts Payable (A/P), Accounts Receivable (A/R), General Cashier, and Income Audit functions.
- Prepare and finalize accurate daily, weekly, and monthly financial reports (e.g., flash reports, P&L statements, balance sheet reconciliations).
- Ensure timely and accurate processing of payroll documentation, tax filings (VAT/Zakat), and governmental compliance reports specific to KSA regulations.
- Conduct monthly bank and balance sheet reconciliations to ensure the integrity of the general ledger.
General Ledger Management
- Oversee and maintain the hotel's General Ledger, ensuring all entries, accruals, and deferrals are accurately recorded and compliant with USALI and Accor accounting standards.
- Manage the chart of accounts for the cluster properties, ensuring correct allocation of revenues and expenses between Raffles and Fairmont.
- Coordinate and assist with internal and external audits.
Pre Opening & System Setup
- Actively assist the DOF in the financial setup phase, including establishing bank accounts, securing necessary permits, and finalizing the accounting software structure (e.g., SAP, SunSystems) tailored for a cluster operation.
- Develop, document, and implement Standard Operating Procedures (SOPs) for all accounting functions prior to opening.
- Assist in setting up the initial inventory control and procurement systems in collaboration with the Purchasing department.
Compliance & Internal Controls
- Enforce robust internal controls across all revenue and expenditure areas to safeguard hotel assets and ensure fraud prevention.
- Ensure all financial activities comply with KSA tax laws (VAT, Zakat), labor laws, and Accor global policies.
- Review and verify expense reports, petty cash reimbursements, and purchase requests for adherence to budget and policy.
Leadership & Support
- Support the training and supervision of junior accounting staff, including Income Auditors and Accounts Clerks.
- Act as the key point of contact for operational departments regarding finance related queries and issues.
- Deputize for the Cluster DOF in their absence.
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