Accountant

Company Description

IFS is a billion-dollar revenue company with 6000+ employees on all continents. Our leading AI technology is the backbone of our award-winning enterprise software solutions, enabling our customers to be their best when it really matters–at the Moment of Service™. Our commitment to internal AI adoption has allowed us to stay at the forefront of technological advancements, ensuring our colleagues can unlock their creativity and productivity, and our solutions are always cutting-edge.

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 understand our responsibility to reflect the diverse world we work in. We are committed to promoting an inclusive workforce that fully represents the many different cultures, backgrounds, and viewpoints of our customers, our partners, and our communities. 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. With the power of our AI-driven solutions, we empower our team to change the status quo and make a real difference.

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

Job Description

The Corporate Accountant is a detail-oriented professional responsible for the General Ledger accounting of IFS Regional Headquarters (RHQ) & IFS Acquisition Entities reporting to the regional Finance Director. This role involves managing financial records and preparing financial statements while ensuring compliance with accounting principles, standards, and regulations. This is a key position in supporting the organization's financial operations by providing accurate and timely information for stakeholders.

Essential Duties and Accountabilities

• Recording Financial Transactions: Accurately record all financial transactions in the General Ledger for the RHQ & Acquisition entities.
• Ensuring Compliance: Ensure adherence to accounting standards (IFRS) and regulations in Saudi Arabia, maintaining & reconciling the general ledger accounts.
• Ensuring accuracy and completeness of financial data in line with company policy.
• Conducting Reconciliations: Perform regular balance sheet reconciliations to verify the accuracy of financial records.
• Managing Accounts Receivable: Oversee the accounts receivable processes, ensuring timely collections:
  • Managing the process of invoicing as per the regulations in Saudi Arabia in addition to ensuring invoices are integrated with the Tax authorities in KSA as part of the local tax requirements.
  • Invoice Creation and verification as per ZATCA authority. 
  • Point of contact for customers in KSA & Acquisition Entities.
  • Bad Debt Management in line with the IFS Internal Policy.
  • Following up on all outstanding invoices in Saudi Arabia including acquisition entities and resolving all the issues with outstanding payments.
  • Reconciling all customer payments and allocation of receipts to ensure the accuracy of the balances.
• RHQ regulatory requirement management – financial audits, GOSI Submissions & RHQ Audits.
• Manages all the activities for the RHQ including maintaining the bank account, renewal of licenses, and communication with the investment authorities.
• Maintaining Financial Records: Ensure systematic organization and maintenance of financial records and documentation for audits and compliance purposes.
• Supporting Audits: Assist with internal and external audits by providing necessary documentation and explanations.
• Implementing Controls: Monitor internal financial controls to prevent errors and fraud.
• Continuous Improvement: Identify opportunities for process improvements in accounting practices and systems.