Senior Financial Accountant - Revenue Accounting

Role:
Senior Financial Accountant

- Location:

Riyadh, Saudi Arabia
- Industry: Automotive
- Function:
Accounting/Auditing

- Experience:

4-6 years of accounting experience, including at least 2 years in revenue accounting
- Job Type: Full Time
- Work Arrangement:
On-site

Al-Futtaim Automotive is seeking an experienced Senior Financial Accountant to join its Finance team in Riyadh, Saudi Arabia. The role is responsible for ensuring accurate and timely revenue recognition, accounting and financial reporting in accordance with International Financial Reporting Standards (IFRS), particularly IFRS 15, and the company 's internal accounting policies. The Senior Financial Accountant will take ownership of the revenue close cycle, working closely with Sales, Operations and Commercial teams to ensure customer contract terms are accurately reflected in the financial statements.

Key responsibilities include reviewing revenue arrangements, preparing accounting entries, managing revenue-related reconciliations, monitoring billing and receivables, and providing financial insights through variance analysis and management reporting. The successful candidate will bring strong technical accounting knowledge, a disciplined approach to financial controls and the ability to manage competing priorities during month-end, quarter-end and year-end closing periods.

• Country:
  Saudi Arabia
• City:
  Riyadh
• Industry: Automotive
• Function:
  Accounting/Auditing
• Salary:
  Not disclosed
• Gender: No Preference
• Candidate Nationality:
  Not specified
• Job Type: Full Time
• Work Arrangement:
  On-site

• Apply IFRS 15 requirements to customer contracts to ensure accurate revenue recognition.
• Identify performance obligations within customer contracts and assess the appropriate accounting treatment.
• Allocate transaction prices to performance obligations in accordance with applicable accounting standards.
• Determine the appropriate timing of revenue recognition based on contractual terms.
• Review new and amended customer contracts to identify revenue accounting implications.
• Assess variable consideration, discounts, rebates and multiple-element arrangements.
• Ensure revenue transactions are recorded consistently with internal accounting policies and financial reporting requirements.
• Work with Sales, Operations and Commercial teams to clarify contract terms and resolve revenue accounting matters.

• Prepare and post monthly revenue accounting journals.
• Record revenue accruals, deferrals and unbilled revenue adjustments.
• Maintain accurate deferred revenue schedules and contract balance roll-forwards.
• Review revenue-related balances to ensure completeness and accuracy.
• Support appropriate accounting treatment of contract assets and liabilities.
• Maintain reliable accounting records and supporting documentation.
• Investigate discrepancies and prepare necessary adjustments in accordance with accounting requirements.

• Own the revenue and receivables closing activities at month-end, quarter-end and year-end.
• Ensure revenue-related accounting entries are completed accurately and within established deadlines.
• Prepare balance sheet reconciliations for revenue-related accounts.
• Review reconciliations and investigate outstanding differences.
• Maintain supporting schedules and documentation for financial close activities.
• Coordinate with relevant Finance and business teams to resolve closing issues.
• Support timely and accurate preparation of financial statements.
• Maintain strong financial controls throughout the closing process.

• Perform revenue…