Accountant, Record to Report - Middle East

Company Description

IFS is a billion-dollar revenue company with 5000+ employees on all continents. We deliver award winning enterprise software solutions through the use of embedded digital innovation and a single cloud-based platform to help businesses be their best when it really matters–at the Moment of Service™.

At IFS, we're flexible, we're innovative, and we're focused not only on how we can engage with our customers but on how we can make a real change and have a worldwide impact. We help solve some of society's greatest challenges, fostering a better future through our agility, collaboration, and trust.

We celebrate diversity and accept that there are so many different perspectives in this world. As a truly international company serving people from around the globe, we realize that our success is tantamount to the respect we have for those different points of view.

By joining our team, you will have the opportunity to be part of a global, diverse environment; you will be joining a winning team with a commitment to sustainability; and a company where we get things done so that you can make a positive impact on the world.

We're looking for innovative and original thinkers to work in an environment where you can #MakeYourMoment so that we can help others make theirs.

If you want to change the status quo, we'll help you make your moment. Join Team Purple. Join IFS.

Job Description

We are seeking a detail-oriented and analytical Accountant, Record to Report to join our finance team in Riyadh, Saudi Arabia. In this role, you will be responsible for managing the complete financial close cycle for assigned entities in middle east, ensuring accurate and compliant financial reporting in a multi-currency and multi-regulatory environment. You will work collaboratively with global stakeholders, maintain robust financial controls, and support cross-border statutory, tax, and audit requirements. This position offers an excellent opportunity to leverage your technical accounting expertise while contributing to process improvements and organizational efficiency.

• Perform monthly, quarterly, and year-end financial close activities for assigned entities, ensuring timely and accurate submission in alignment with group reporting timelines.
• Prepare comprehensive financial statements under IFRS and local GAAP frameworks, including all required disclosures and supporting documentation.
• Prepare, review, and reconcile balance sheet accounts on monthly basis with full supporting documentation to ensure audit-readiness and compliance with internal control frameworks.
• Support the preparation and submission of VAT and other statutory tax returns for assigned entities operating in Midde East.
• Coordinate with local tax advisors, external auditors, and local authorities to ensure compliance with local statutory reporting requirements and cross-border obligations.
• Act as the primary contact for statutory audits, providing audit schedules, reconciliations, and comprehensive supporting documentation in a timely manner.
• Analyze financial transactions and account balances to identify discrepancies, resolve issues, and maintain the integrity of financial records.
• Identify, evaluate, and implement process improvements and automation opportunities within the Record to Report function to enhance efficiency and accuracy.
• Ensure strict adherence to group accounting policies, governance frameworks, and internal control standards across all assigned entities.
• Maintain organized and audit-ready documentation systems that support both internal and external audit requirements.
• Managing accounts Receivable, oversee the accounts receivable processes, ensuring timely collections and bad debt management in line with the IFS Internal Policy.
• Managing the process of invoicing as per the e-invoicing regulations in the Middle East in addition to ensuring invoices are integrated with the Tax authorities in Middle East as part of the local tax requirements.
• Prepare and maintain weekly cash flow forecasts for the Middle East entities, providing accurate reporting to the Global Treasury function to support liquidity planning and funding requirements.
• Oversee intercompany accounting activities, ensuring timely issuance and booking of intercompany invoices and regularly reconciliation of intercompany balances.

Qualifications

• Fully qualified professional accountant with ACCA, ACA, CIMA (CGMA), or equivalent certification
• Minimum 2–5 years of post-qualification experience in international accounting or a shared service finance environment
• Demonstrated experience managing overseas entities and operating in multi-entity, cross-border accounting environments
• Strong working knowledge of IFRS and local GAAP frameworks, with the ability to apply them accurately across multiple jurisdictions
• Proven experience with VAT/GST compliance and reporting across Middle East.
• Advanced proficiency in Microsoft Excel and financial accounting systems
• Strong analytical and reconciliation skills with exceptional attention to detail
• Familiarity with Saudi Arabia's regulatory and statutory reporting requirements (preferred)
• Excellent communication skills in business English, both written and verbal
• Arabic language skills are preferred but not mandatory.
• Strong organizational and time management skills with the ability to manage multiple priorities
• Resilient and adaptable approach to working in a dynamic, fast-paced environment.

Additional Information