Senior Accountant

Location: Riyadh, Saudi Arabia

Industry: Finance & Accounting

Position: Senior Inventory Accountant

Position Overview:

The Senior Inventory Accountant plays a key role in monitoring stock movements, conducting reconciliations, supporting physical inventory counts, and providing timely insights to ensure cost control and inventory integrity.

Key Responsibilities:

Inventory Accounting & Valuation:

* Monitor, record, and reconcile all inventory transactions in the ERP system.
* Maintain proper accounting treatment for inventory adjustments, write-offs, transfers, and provisions.

Inventory Reconciliation:

* Perform periodic reconciliations between physical stock and general ledger balances.
* Investigate and resolve discrepancies related to stock-in-transit, cycle counts, and warehouse movements.
* Coordinate with warehouse and operations teams to ensure accurate stock reporting.
* Maintain and update inventory master data in the ERP system.

Month-End & Year-End Close:

* Prepare and post month-end inventory-related journal entries, Posting of relevant inventory movements and provisions.
* Support inventory-related schedules for month-end closing and annual audit.
* Review inventory aging and recommend provisioning as needed.

Reporting & Analysis:

* Prepare inventory reports including stock status, inventory movement, and valuation summary, goods in transit, goods received in port at the end of reporting period.
* Provide insights on slow-moving, excess, or obsolete stock.
* Prepare periodic analysis of customs and port transaction cost.

Audit & Compliance:

* Participate in physical inventory counts and cycle counts across warehouses and retail outlets.
* Support inventory audits and ensure all documentation is maintained in audit-ready format.

Qualifications & Requirements:

Education: Bachelor’s / master’s degree in accounting, Finance.

Experience: 5–7 years of experience in inventory accounting preferably in manufacturing, FMCG, or retail.

Technical Skills: Strong knowledge of inventory accounting principles, hands-on ERP experience (preferably Dynamics 365), proficiency in Excel.

Soft Skills: High attention to detail, accuracy and cross-functional coordination, problem-solving skills.

Language: Fluent in English (Arabic is a plus).