Dammam Financial Accounting & Reporting Job Listings

Workable

Accounting Specialist

Dhahran Saudi Arabia

Job Summary: The Accounting Specialist will support financial accounting operations, including general ledger maintenance, financial reporting, compliance, reconciliation, and cost analysis. The role also includes accounts payable and receivable management, cash flow monitoring, tax compliance, and audit support, ensuring accuracy and timeliness in financial transactions while maintaining strong internal controls. Key Responsibilities: 1. Budgeting & Financial Planning Prepare annual budgets, quarterly management accounts, and ad-hoc reports, ensuring accurate financial planning and alignment with company objectives. Develop financial performance reports at the Business Unit level, highlighting cost/revenue trends and identifying areas requiring corrective action. Prepare projected financial statements based on approved budgets to provide visibility into future financial performance. 2. Financial Accounting & Bookkeeping Maintain and update Wa’ed’s general ledger, ensuring accurate recording of financial transactions in accordance with internal procedures, regulatory standards, and international accounting practices. Conduct monthly account reconciliations, analyzing account movements, clearing outstanding items, and ensuring accurate ledger balances. Review general ledger allocations, responding to queries from internal departments and preparing journal vouchers for necessary corrections or reclassifications. Control and monitor general ledger accounts, ensuring total debits and credits are reconciled, and all transactions align with accounting standards. Oversee fixed asset management, including classification, depreciation schedules, write-offs, and compliance with fixed asset accounting policies. 3. Accounts Payable Process and verify invoices, cash calls, disbursements, advance payments, and other ad-hoc payments, ensuring accuracy, compliance with contractual terms, and adherence to processing deadlines. 4. Accounts Receivable & Collections Prepare and track ageing reports, ensuring timely collection of outstanding receivables. Communicate collection updates to the operations team, assisting in follow-ups and resolution of overdue accounts. 5. Banking & Cash Management Monitor daily cash positions and bank balances, ensuring sufficient liquidity to meet financial obligations. Prepare cash call requests to Saudi Aramco for funding needs. Coordinate with banks to obtain statements, investigating and resolving discrepancies or unexpected charges. Prepare bank reconciliations, ensuring alignment between financial records and banking transactions. 6. Financial Reporting & Audit Support Prepare year-end financial statements and supporting documents, ensuring compliance with Wa’ed’s accounting policies, chart of accounts, and accounting standards. Liaise with external auditors, providing necessary documentation and responses during audits. Assist in the preparation of VC valuations, loan provisioning, and other financial workings to support financial statement entries. Prepare financial stewardship reports, including KPI/LOI reporting to meet Saudi Aramco requirements. 7. Financial Due Diligence, Valuation & Reporting Support Prepare promissory notes for entrepreneurs and conduct functional reviews or financial due diligence on loan and VC transactions. Develop familiarity with investee valuation exercises and the ability to conduct independent financial valuations using methodologies such as DCF, market comparables, and transaction analysis. Critically evaluate valuation assumptions, identifying risks, inconsistencies, or potential overstatements in financial projections. 8. Compliance, Policies & Internal Controls Implement and maintain accounting policies, procedures, and internal controls, ensuring compliance with regulatory requirements. Support process improvements to enhance efficiency, accuracy, and cost-effectiveness in financial operations. Working Conditions The Accounting Specialist will work in a dynamic and fast-paced environment, often under tight deadlines, with a supportive finance team. The position may occasionally require extended hours or weekend work to meet reporting deadlines. Qualifications and general competencies: Bachelor’s degree in Accounting, Finance, or a related field. 5-10 years of relevant experience in accounting or finance. Partial or full pursuit of SOCPA, CPA, ACCA, CMA, or CFA certification is strongly preferred. Strong knowledge of accounting principles and financial reporting standards. Proficiency in accounting software and financial management tools. Excellent attention to detail and accuracy in financial reporting. Strong problem-solving skills and ability to work in a fast-paced environment. Ability to collaborate effectively within teams and work independently when needed. Strong communication written and presentation skills to interact with internal and external stakeholders. Ability to multitask while meeting deadlines and maintaining a high level of efficiency.

Negotiable Salary

Workable

Financial Analyst

Dhahran Saudi Arabia

Job Summary: The Accounting & Financial Analyst is responsible for supporting both accounting and financial analysis functions, including general ledger maintenance, financial reporting, accounts payable and receivable, budgeting, and financial planning. The role ensures accuracy in financial records, assists in cash management, conducts financial analysis, and supports valuation exercises, all while adhering to company policies and compliance requirements. Key Responsibilities: 1. Financial Accounting & Bookkeeping · Maintain general ledger records, ensuring transactions are accurately recorded and aligned with company policies and accounting standards. · Assist in month-end and year-end closing processes, including account reconciliations and journal entries. · Support the preparation of financial statements, such as balance sheets, income statements, and cash flow reports. · Participate in fixed asset tracking, ensuring proper classification and depreciation schedules. · Assist in maintaining internal controls, ensuring compliance with financial policies and regulations. 2. Accounts Payable & Receivable · Process vendor invoices, employee reimbursements, and other payments, ensuring proper approvals and documentation. · Assist in managing accounts receivable, tracking outstanding balances, and following up on collections. · Prepare aging reports, highlighting overdue payments for necessary follow-ups. 3. Budgeting & Financial Planning · Support the preparation of annual budgets and quarterly forecasts, working closely with finance teams to ensure accuracy. · Assist in monitoring budget vs. actual performance, identifying variances, and providing basic financial insights. · Help in compiling financial stewardship reports for internal use and reporting to stakeholders. 4. Banking & Cash Management · Monitor daily cash balances and assist in preparing cash flow reports. · Help prepare cash call requests and coordinate with banks to obtain bank statements and resolve any discrepancies. · Assist in bank reconciliations, ensuring alignment between company records and bank transactions. 5. Financial Analysis & Reporting · Support financial analysis tasks, including cost variance analysis and profitability assessments. · Assist in the preparation of key performance indicators (KPIs) and financial dashboards. · Conduct basic financial modeling and scenario analysis to support decision-making. · Assist in preparing reports on business performance, providing insights to management. 6. Investment & Valuation Support · Support the preparation of valuation exercises for portfolio companies, assisting in financial due diligence. · Assist in conducting comparative financial analysis to support investment decision-making. · Help in reviewing financial statements of investee companies and flagging potential risks. 7. Compliance & Audit Support · Assist in internal and external audits, preparing necessary documentation and responding to audit queries. · Ensure financial records are properly maintained and stored for compliance purposes. · Support compliance with VAT, withholding tax, Zakat, and other regulatory requirements. 8. Policies, Systems & Process Improvements · Follow company accounting and financial policies, ensuring compliance with internal controls. · Suggest process improvements to enhance efficiency in financial operations. · Assist in the implementation of new financial systems and automation tools to streamline accounting and reporting tasks. Qualifications and general competencies: · Bachelor’s degree in Accounting, Finance, or a related field. · 1-3 years of experience in accounting, finance, or financial analysis. · Basic knowledge of accounting principles, financial analysis, and reporting standards. · Strong proficiency in Microsoft Excel and accounting software. · Ability to perform financial reconciliations and basic financial modeling. · Strong communication skills, both written and verbal, with the ability to convey financial information clearly to stakeholders. · Excellent attention to detail and accuracy in financial reporting. · Ability to work independently and collaborate with teams. · Good problem-solving and analytical skills to support financial decision-making. · Basic understanding of investment valuation and financial statement analysis is a plus. · Partial or full pursuit of SOCPA, CPA, ACCA, CMA, or CFA certification is preferred but not required. Working Conditions: The Accounting & Financial Analyst will work in a structured and fast-paced environment, handling both accounting and financial analysis responsibilities. The role may require extended hours during peak financial periods, such as audits, budget cycles, and reporting deadlines.

Negotiable Salary

Workable

Investment Associate

Dhahran Saudi Arabia

The Investment Associate will be responsible for supporting the investment team in sourcing, analyzing, and evaluating investment opportunities. The role involves working closely with the senior investment professionals to conduct due diligence, prepare investment recommendations, and assist with portfolio management. Investment Associates will also be responsible for supporting the management of venture capital portfolio and working closely with portfolio companies to drive growth and maximize returns. The ideal candidate will have a strong understanding of the startup ecosystem, excellent analytical skills, and the ability to work in a fast-paced environment. Key Responsibilities: Conducting market research and analysis to identify potential investment opportunities. Contribute to the preparation of any strategic investment analyses as required by the senior members of the team that may assist with decision making. Conduct sector and technology mapping and help the senior member of the team to develop areas of focus for Waed. Analyze financial statements and business models to evaluate investment opportunities. Support the senior members of the team in valuation, conducting financial and commercial due diligence on potential investments. Support the preparation of investment memorandum and presentations for the investment committee. Support the senior members of the team in monitoring existing investments and developing reports on portfolio health and performance. Work closely with portfolio companies to identify growth opportunities, operational efficiencies, and strategic partnerships. Work with other functions within Waed towards a unified organizational goal. Development of investment thesis on transactions, social media blogs, and press releases. Support the senior members of the team in administrative tasks. Building and maintaining relationships with entrepreneurs, industry experts, and other venture capital firms to remain up to date on industry trends, competitive landscape, and emerging technologies. Requirements Bachelor's degree in finance, business, economics, engineering, or relevant field 3+ years of experience, venture capital, investment banking, private equity, or a related field Relevant experience in technology startup is an advantage. Strong analytical and financial modeling skills Excellent communication and presentation skills Knowledge of the startup ecosystem and emerging technologies Ability to work independently and as part of a team. Manage multiple priorities in a fast-paced, dynamic environment. Strong work ethic and attention to detail Familiarity with industry databases and research tools Passion for technology and entrepreneurship. Ability to build strong relationships with stakeholders and portfolio companies. Working Conditions: The Investment Associate will work in a fast-paced environment, often under tight deadlines. The job may require occasional travel to meet with entrepreneurs or attend industry events. The position may also require working long hours or weekends, particularly during peak investment periods.

Negotiable Salary

Workable

Investment Analyst

Dhahran Saudi Arabia

The Investment Analyst will be responsible for conducting research, analyzing data, evaluating investment opportunities, and analyzing the performance of our portfolio companies. The role involves working closely within the investment team to identify potential investments, support the team in conducting due diligence, and presenting findings to the investment committee. The ideal candidate will have a good understanding of the startup ecosystem, financial analysis skills, and the ability to communicate complex information effectively. Key Responsibilities: Support the investment team in conducting market research and analysis to identify potential investment opportunities. Support the investment team in conducting sector and technology mapping. Analyzing financial statements and business models to evaluate investment opportunities. Contribute to development of financial models and performing valuations to determine investment potential. Support the senior members of the team in conducting financial and commercial due diligence on potential investments. Support the senior members of the team in developing investment recommendations and presenting findings to the investment committee. Support the senior members of the team in monitoring existing investments and providing regular reports on performance. Work with other functions towards a unified organizational goal. Contribute to development of investment thesis, social media blogs, and press releases. Support the senior members of the team in administrative tasks. Lead the deal flow tracking and management. Monitor the performance of portfolio companies on an ongoing basis. Create and maintain financial models to track investment performance and provide regular reports to senior management. Develop and maintain relationships with portfolio company management teams, industry experts, and other stakeholders. Attend meetings with portfolio companies, industry events, and other networking opportunities. Requirements Bachelor's degree in finance, business, economics, engineering or relevant field 0-3 years of experience in a Venture Capital, investment banking, private equity, or a related field Relevant Experience in technology startup is an advantage. Competent analytical and financial modeling skills Excellent communication and presentation skills Knowledge of the startup ecosystem and emerging technologies Network and relationship building Ability to work independently and as part of a team. Manage multiple priorities in a fast-paced, dynamic environment. Strong work ethic and attention to detail Familiarity with industry databases and research tool Working Conditions: The Investment Analyst will work in a fast-paced environment, often under tight deadlines. The job may require occasional travel to meet with entrepreneurs or attend industry events. The position may also require working long hours or weekends, particularly during peak investment periods.

Negotiable Salary