Senior Construction Accountant

Responsibilities: Financial Senior Construction Accountant

Location: Riyadh, Saudi Arabia

About BestKey

BestKey is a construction and contracting company specializing in painting, tiling, fit-out, finishing works, renovations, maintenance, and general contracting across residential, commercial, and industrial projects.

Position Summary

We are seeking a highly experienced Senior Construction Accountant to lead the company's financial operations and establish robust financial systems. This role is responsible for project accounting, job costing, budgeting, cash flow management, procurement control, material tracking, financial reporting, and ERP implementation.

The ideal candidate will help build a scalable finance function by implementing best practices, improving internal controls, and providing management with real-time financial insights for decision-making.

Key ResponsibilitiesFinancial Management

• Manage the company's accounting and finance operations.
• Prepare monthly, quarterly, and annual financial statements.
• Develop budgets and financial forecasts.
• Monitor company profitability and financial performance.
• Manage accounts payable, accounts receivable, payroll, and banking relationships.

Construction Project Accounting

• Maintain project budgets and job costing.
• Track project profitability by project and cost code.
• Monitor labor, subcontractor, equipment, and material costs.
• Prepare budget vs. actual reports.
• Forecast project completion costs and margins.

Material & Inventory Management

• Implement systems to track construction materials from purchase through installation.
• Monitor inventory levels and material usage.
• Reduce material wastage and identify cost-saving opportunities.
• Reconcile purchase orders, supplier invoices, warehouse inventory, and project consumption.

Procurement & Cost Control

• Review supplier quotations and purchase orders.
• Monitor committed costs versus actual costs.
• Track subcontractor payments and supplier balances.
• Improve procurement controls and approval workflows.

Cash Flow Management

• Prepare weekly and monthly cash flow forecasts.
• Monitor collections and outstanding receivables.
• Manage supplier payment schedules.
• Ensure sufficient working capital for ongoing projects.

ERP Implementation & Process Improvement

• Lead the selection and implementation of an ERP system.
• Configure finance, procurement, inventory, project costing, and reporting modules.
• Develop standard operating procedures (SOPs) for finance and operations.
• Integrate accounting with procurement, warehouse, and project management.
• Train staff on ERP usage and best practices.
• Continuously improve financial processes and internal controls.

Financial Reporting & Analytics

• Build executive dashboards and KPIs.
• Develop reports for project profitability, cash flow, inventory, procurement, and budget performance.
• Provide financial insights to support business decisions.

Compliance & Governance

• Ensure compliance with Saudi regulations and accounting standards.
• Coordinate with external auditors and tax consultants.
• Maintain accurate financial records and documentation.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• CPA, CMA, ACCA, or equivalent certification preferred.
• 5+ years of experience in construction accounting or project finance.
• Proven experience implementing ERP systems such as Odoo, SAP Business One, Oracle NetSuite, Microsoft Dynamics 365, Sage, or similar.
• Strong knowledge of job costing, project accounting, inventory management, procurement, and financial controls.
• Advanced Microsoft Excel and financial reporting skills.
• Fluent in both Arabic and English (spoken and written).

Key Skills

• Construction Accounting
• Job Costing
• Project Cost Control
• Budgeting & Forecasting
• Cash Flow Management
• ERP Implementation
• Inventory & Material Management
• Procurement & Vendor Manageme