Overview
Isnad Closing Liabilities & Reductions Accountant Specialist Jobs in Riyadh, Saudi Arabia at Confidential Government
Title: Isnad Closing Liabilities & Reductions Accountant Specialist
Company: Confidential Government
Location: Riyadh, Saudi Arabia
Key Responsibilities:
- Manage monthly, quarterly, and annual closing activities related to liabilities and reductions
- Review and reconcile all liability accounts including accruals, provisions, and payables
- Ensure accurate recording of financial reductions such as discounts, deductions, write-offs, and adjustments
- Analyze variances in liability balances and investigate discrepancies
- Prepare and post journal entries related to liabilities and reductions
- Coordinate with procurement, AP, and other departments to validate liability balances
- Monitor aging reports and ensure timely settlement or proper accrual of obligations
- Support financial reporting by providing accurate liability and reduction data
- Ensure compliance with IFRS and company accounting policies
- Assist in internal and external audits by providing required documentation and explanations
- Identify opportunities to improve closing processes and strengthen internal controls
- Maintain proper documentation and audit trails for all transactions
Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field
- Professional certification (SOCPA, CPA, ACCA) is preferred
- 2–4 years of experience in accounting, preferably in closing or general ledger functions
- Strong knowledge of financial closing processes and liability management
- Familiarity with ERP systems (e.g., SAP, Oracle)
- Advanced proficiency in Microsoft Excel
- Good understanding of IFRS standards
- Strong analytical and problem-solving skills
- High attention to detail and accuracy
- Ability to work under pressure and meet tight deadlines
- Strong communication and coordination skills
