Job offer: Senior Accountant

Our client is a provider of ambulatory infusion centers in Saudi Arabia, specializing in intravenous and subcutaneous therapy treatments for patients with autoimmune and oncology conditions. The group offers a convenient alternative to hospital-based treatments, operating comfortable private suites accessible to patients near their homes or offices, including evenings and weekends. Treatments that traditionally required full-day commitments can now be completed within a few hours.

Central to the group's mission is delivering an exceptional patient experience. The company prioritizes patient satisfaction and aims to provide a level of care unprecedented in the healthcare industry.

Vendor Invoice Processing

• The Senior Accountant is responsible for establishing and managing efficient processes for accurate and timely invoice processing, ensuring proper categorization of expenses and resolving discrepancies. Key performance indicators (KPIs) include processing speed, error rates, expense classification accuracy, adherence to standards, and the correctness of general ledger and account codes. The role also involves monitoring and improving procedures for handling invoice mismatches, aiming to reduce errors and expedite resolution.

Record Keeping, Reporting, and Analysis

• This position entails maintaining precise financial records in compliance with regulations, ensuring accurate and timely monthly closing, and conducting variance analysis of operational expenses. KPIs include record accuracy, audit readiness, closing efficiency, provision accuracy, analysis effectiveness, and report timeliness. The Senior Accountant is responsible for generating various financial reports, including monthly, quarterly, and annual reports, with a focus on accuracy, completeness, and adherence to service level agreements.

Vendor and Employee Management

• The Senior Accountant oversees the creation and maintenance of vendor and employee records, conducting regular reviews to identify and manage active and inactive accounts. KPIs include record creation time, compliance with Know Your Customer (KYC) regulations, data accuracy, review frequency, and account management effectiveness. The role also involves vendor reconciliation, monitoring outstanding balances, and obtaining balance confirmations. KPIs include reconciliation rate, average age of outstanding items, provision accuracy, and balance confirmation timeliness.

Payroll Management

• This position involves managing the payroll process, ensuring accurate and timely payments, and maintaining effective communication with the HR department. KPIs include payment accuracy and timeliness, issue resolution speed, and system integration efficiency. The Senior Accountant must stay updated on labor laws and tax regulations to ensure payroll compliance.

Payment Processing and Adherence to Deadlines

• The Senior Accountant is responsible for developing processes to ensure timely and accurate vendor payments, resolving payment issues, and managing bank reconciliations. KPIs include payment accuracy and timeliness, issue resolution speed, invoice processing efficiency, and bank reconciliation closure rates. The role also involves meeting deadlines for financial reporting and other accounting tasks.

Risk Management, Process Improvement, and Cost Control

• This position requires identifying and mitigating financial risks, streamlining accounting processes, and seeking cost-saving opportunities. KPIs include risk identification and mitigation effectiveness, process efficiency improvements, cost reductions, and return on investment (ROI) for cost-saving initiatives. Staying updated on financial and tax regulations is essential.

Ethical Standards, Compliance, and Internal Controls

• The Senior Accountant is responsible for establishing and monitoring internal controls to ensure compliance with regulations and ethical standards. KPIs include ethical violation reporting, employee satisfaction with the ethical environment, and compliance rates.

Stakeholder Management and Communication

• Effective communication and collaboration with internal and external stakeholders are crucial for this role. KPIs include communication frequency, stakeholder satisfaction, and issue resolution time. Building strong relationships and ensuring alignment with stakeholders are essential for audit and regulatory success.

Training and Development

• The Senior Accountant contributes to the development of the accounting team by providing training programs and measuring employee satisfaction with training initiatives.

Essential Competencies and Skills

• Proficiency in accounting, taxation, and compliance
• Proficiency in Excel, modeling, and PowerPoint
• Expertise in vendor payment management and issue resolution
• Proven experience in vendor negotiation, relationship management, and contract oversight
• Strong financial planning, execution, and strategic thinking abilities
• Advanced financial analysis skills and data interpretation capabilities
• Ability to implement effective internal controls for financial integrity and compliance
• Strong collaboration skills to optimize financial processes across functions
• Excellent analytical and problem-solving skills
• Effective written and verbal communication with stakeholders

Education and Experience

Essential

• Bachelor's degree in accounting, finance, or related field
• Minimum 5 years of relevant experience
• CPA, CA, or ACCA certification

Preferred

• Master's degree
• Experience in the Saudi Arabian market
• Experience in the healthcare industry
• Arabic language proficiency