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Financial Accountant

Bayt
Dammam, Saudi Arabia
On-siteSAR 15,000 - 18,750 / month

About this role

Financial Accountant

1.Accounting and Financial Reporting

  • Handle daily accounting transactions, maintain general ledgers and subsidiary ledgers, and manage fixed assets and depreciation.
  • Prepare monthly financial statements and supporting schedules.
  • Reconcile local accounting records with the Chinese headquarters and investigate discrepancies.

2.Tax Filing and Compliance

  • Handle Saudi tax compliance matters with ZATCA, including VAT returns, Fatoorah e-invoicing, withholding tax (WHT), and corporate income tax (CIT) / Zakat documentation and filing coordination.
  • Ensure compliance with applicable Saudi tax laws and regulations and maintain complete supporting documentation.

3.Related-Party Transactions and Tax Risk Management

  • Maintain supporting documents for related-party transactions between the Saudi entity and its Chinese parent company, including contracts, payment records, and customs declarations.
  • Assist in preparing transfer pricing documentation and responding to tax audits, inquiries, and requests from ZATCA.
  • Treasury and Banking Operations
  • Prepare payment instructions through local Saudi bank portals based on approved payment documents.
  • Download and reconcile bank statements, prepare bank reconciliation statements, and maintain payment records.
  • Prepare tax and supporting documents required for cross-border payments to the parent company.

4.External Audit and Government Liaison

  • Coordinate with local accounting firms and auditors licensed by the Saudi Organization for Chartered and Professional Accountants (SOCPA) to support annual statutory audits.
  • Assist in preparing financial and tax documents required by government authorities, including MISA, ZATCA, and Saudi Customs.

5.Financial Records and Internal Coordination

  • Maintain and archive accounting vouchers, contracts, invoices, customs documents, tax returns, and tax payment receipts in accordance with local compliance requirements.
  • Submit monthly financial and tax reports to the Chinese headquarters.
  • Coordinate with Procurement, Warehouse, Sales, and HR departments to reconcile operational records and ensure consistency between accounting records and actual transactions.

Skills

  • Relevant work experience in accounting and finance in Saudi Arabia, with a good understanding of Saudi VAT, ZATCA e-invoicing, WHT, CIT/Zakat, and related tax filing procedures.

  • Familiarity with local banking operations, statutory audits, and financial documentation management. Experience in manufacturing, factory operations, or Chinese-invested companies in Saudi Arabia is preferred.

  • Ability to independently handle daily accounting transactions, prepare tax documentation, and compile financial reports, with strong compliance awareness and risk identification skills.

  • Good written and verbal English communication skills. Arabic proficiency and experience handling Arabic accounting and tax documents are preferred.

  • Proficiency in Microsoft Excel and accounting software. Experience coordinating cross-border financial matters between China and Saudi Arabia is an advantage.

  • This job post has been translated by AI and may contain minor differences or errors.

  • Preferred candidate

  • Years of experience

  • 5 - 10 years

  • Degree

  • Bachelor's degree / higher diploma

  • Career level

  • Mid career

  • Easy Apply

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