indeed
Senior Construction Accountant
The Best Key for Contracting Co
الرياض, KSA
Contract
Senior
Onsite
2 weeks ago
Construction AccountingJob CostingProject AccountingBudgetingCash Flow ManagementERP Implementation
Free
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Construction AccountingJob CostingProject Accounting
About the Role
BestKey seeks a Senior Construction Accountant to lead financial operations, including project accounting, job costing, budgeting, cash flow management, and ERP implementation. The ideal candidate has 5+ years of construction accounting experience and fluency in Arabic and English.
Key Skills for This Role
Construction AccountingJob CostingProject AccountingBudgetingCash Flow ManagementERP Implementation
Responsibilities
- Manage the company's accounting and finance operations
- Prepare monthly, quarterly, and annual financial statements
- Develop budgets and financial forecasts
- Monitor company profitability and financial performance
- Manage accounts payable, accounts receivable, payroll, and banking relationships
- Maintain project budgets and job costing
- Track project profitability by project and cost code
- Monitor labor, subcontractor, equipment, and material costs
- Prepare budget vs. actual reports
- Forecast project completion costs and margins
- Implement systems to track construction materials from purchase through installation
- Lead the selection and implementation of an ERP system
Requirements
- Bachelor's degree in Accounting, Finance, or related field
- CPA, CMA, ACCA, or equivalent certification preferred
- 5+ years of experience in construction accounting or project finance
- Proven experience implementing ERP systems such as Odoo, SAP Business One, Oracle NetSuite, Microsoft Dynamics 365, Sage, or similar
- Strong knowledge of job costing, project accounting, inventory management, procurement, and financial controls
- Advanced Microsoft Excel and financial reporting skills
- Fluent in both Arabic and English (spoken and written)
Full Job Posting
Position Summary
- We are seeking a highly experienced Senior Construction Accountant to lead the company's financial operations and establish robust financial systems. This role is responsible for project accounting, job costing, budgeting, cash flow management, procurement control, material tracking, financial repor
Financial Management
- Manage the company's accounting and finance operations.
- Prepare monthly, quarterly, and annual financial statements.
- Develop budgets and financial forecasts.
- Monitor company profitability and financial performance.
- Manage accounts payable, accounts receivable, payroll, and banking relationships.
Construction Project Accounting
- Maintain project budgets and job costing.
- Track project profitability by project and cost code.
- Monitor labor, subcontractor, equipment, and material costs.
- Prepare budget vs. actual reports.
- Forecast project completion costs and margins.
Material & Inventory Management
- Implement systems to track construction materials from purchase through installation.
- Monitor inventory levels and material usage.
- Reduce material wastage and identify cost saving opportunities.
- Reconcile purchase orders, supplier invoices, warehouse inventory, and project consumption.
Procurement & Cost Control
- Review supplier quotations and purchase orders.
- Monitor committed costs versus actual costs.
- Track subcontractor payments and supplier balances.
- Improve procurement controls and approval workflows.
Cash Flow Management
- Prepare weekly and monthly cash flow forecasts.
- Monitor collections and outstanding receivables.
- Manage supplier payment schedules.
- Ensure sufficient working capital for ongoing projects.
ERP Implementation & Process Improvement
- Lead the selection and implementation of an ERP system.
- Configure finance, procurement, inventory, project costing, and reporting modules.
- Develop standard operating procedures (SOPs) for finance and operations.
- Integrate accounting with procurement, warehouse, and project management.
- Train staff on ERP usage and best practices.
- Continuously improve financial processes and internal controls.
Financial Reporting & Analytics
- Build executive dashboards and KPIs.
- Develop reports for project profitability, cash flow, inventory, procurement, and budget performance.
- Provide financial insights to support business decisions.
Compliance & Governance
- Ensure compliance with Saudi regulations and accounting standards.
- Coordinate with external auditors and tax consultants.
- Maintain accurate financial records and documentation.
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field.
- CPA, CMA, ACCA, or equivalent certification preferred.
- 5+ years of experience in construction accounting or project finance.
- Proven experience implementing ERP systems such as Odoo, SAP Business One, Oracle NetSuite, Microsoft Dynamics 365, Sage, or similar.
- Strong knowledge of job costing, project accounting, inventory management, procurement, and financial controls.
- Advanced Microsoft Excel and financial reporting skills.
- Fluent in both Arabic and English (spoken and written).
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