Senior Specialist, Accountant

Company Overview

Sapphire is a joint venture based in the Special Integrated Logistics Zone (SILZ) in Riyadh, Sapphire is focused on the manufacturing of industrial robots that support the next generation of automation, smart manufacturing, and advanced industrial capability in the Kingdom of Saudi Arabia.

Role Summary

The Sr Specialist, Accountant is responsible for executing, reviewing, and analyzing accounting and financial activities in line with approved policies and procedures. This role goes beyond transactional execution to include examination and interpretation of accounting records, provision of technical guidance to junior team members, and accountability for assigned tasks to the respective team leads. The Senior Accountant operates within the Finance & Accounting function ensuring accuracy, compliance, and quality across all financial processes.

Key Responsibilities

1. Team Guidance & Development

• Provide on-the-job training, coaching, and constructive feedback to junior accountants to support their overall development

• Organize and support team activities within the accounting function to ensure work is carried out efficiently and consistently with operating procedures and policy

2. Budgets & Financial Planning

• Prepare annual budgets, quarterly management accounts, and ad-hoc reports to support business planning and internal decision-making

• Monitor and report financial performance versus budget at the Business Unit level, identifying areas of unsatisfactory performance and recommending corrective action

• Prepare projected financial statements based on the approved budget

3. Financial Accounting & Bookkeeping

• Participate in preparation and maintenance of the general ledger, ensuring all transactions are accurately reflected in accordance with accounting procedures, regulatory requirements, and applicable international standards

• Prepare and review account reconciliations by analyzing monthly movements, reconciling balances with the ledger, and following up on outstanding items with departments and third parties

• Review general ledger printouts, manage departmental queries, and supervise preparation of journal vouchers to correct or reallocate funds

• Control all general ledger accounts including trial balances, foreign currency positions, and rejected transactions to ensure debts and credits are matched

• Manage and maintain the fixed asset ledger including asset classification, depreciation schedules, and write-offs in compliance with local and international accounting standards

4. Accounts Receivable

• Verify, process, and control all invoices, cash calls, disbursements, advance payments, and ad-hoc payments

• Ensure payments are accurate, properly accounted for, processed within service delivery norms, and comply with contractual terms and conditions

5. Accounts Receivable

• Prepare aging reports and track all collections due

• Communicate collection status to the operations team on a timely basis for action

• Review accounts payable/receivable balances to ensure accuracy

6. Banking & Cash Management

• Prepare daily cash position and monitor bank balances to ensure adequate fund availability for current and future requirements

• Prepare cash call requests and coordinate with banks to obtain statements and resolve unrecognized charges

• Prepare bank reconciliations

7. Financial Reporting

• Produce year-end financial statements with all supporting documents in line with accounting policies, chart of accounts, and applicable accounting principles

• Prepare VC valuations, loan provisioning, and other workings to support financial statement recording

• Prepare financial stewardship reports for management and KPI/LOI reporting as required

• Review accounting and related system reports for accuracy and completeness

• Audit financial transactions and documents and participate in monthly, quarterly, and annual closing processes

8. Financial Reporting Support to Operations

• Prepare promissory notes and perform functional reviews or financial due diligence support on loans and investment deals

9. Tax, Zakat & Compliance

• Ensure compliance with applicable Tax and Zakat regulations

• Provide technical support and advice on accounting transactions

10. Policies, Systems & Procedures

• Provide inputs for and implement accounting policies, systems, and procedures for the assigned section

• Ensure all procedural and legislative requirements are fulfilled while delivering a quality, cost-effective service

Qualifications & Experience

• Bachelor's degree in Finance, Accounting, or a related field

• Preferred certifications: CPA, CMA, or equivalent professional accounting designation

• Minimum 5+ years of experience in accounting or finance

• Experience with ERP systems (e.g., ABAS ERP) is preferred

Core Competencies

• Financial Accuracy & Attention to Detail

• Accounting Standards & Compliance

• Financial Reporting & Analysis

• General Ledger Control & Review

• Accounts Payable & Receivable Management

• Cash & Banking Management

• Technical Advisory & Knowledge Sharing

• Communication & Teamwork

• Commitment, Accountability & Integrity

• Dependability and Reliability

Technical Expertise

• ERP and accounting systems (ABAS ERP preferred)

• Microsoft Excel and Word (Intermediate level and above)

• Fixed Asset Management Tools

• Financial reporting and reconciliation frameworks