Senior Accountant - Jeddah

INSPIRE | EXHILARATE | DELIGHT

For over seven decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. In its pursuit to excel as a hybrid luxury retailer, the Group has curated a portfolio of over 10 owned brands and strengthened its distribution and marketing expertise for over 400 international names across luxury fashion, beauty, jewellery, watches, eyewear, and art de vivre categories.

Every step at Chalhoub Group is taken to build a future where luxury dreams become reality — bridging cultures and crafting memorable experiences for our consumers. Be it by constantly reinventing itself, committing to innovation, or embracing new technologies, the Group is shaping the future of luxury retail. It delivers seamless omnichannel experiences across more than 950 stores, online platforms, and mobile apps. Driving this innovation journey is The Greenhouse — the Group’s innovation hub, incubator, and accelerator for startups and emerging businesses, regionally and globally.

Chalhoub Group fosters a people-at-heart culture rooted in diversity, equity, and inclusion, and a workplace catalysed by forward thinking and future-proofing. Today, it brings together over 16,000 talented professionals across eight countries in the Middle East, with a presence in LATAM. Their collective efforts have earned the Group the Great Place to Work certification in several markets.

Sustainability is at the core of the Group’s strategy, guided by a clear commitment to people, partners, and the planet. Chalhoub Group is proud to be a member of the United Nations Global Compact, a signatory of the Women’s Empowerment Principles, and to have pledged to reach Net Zero by 2040.

What you'll be doing

The job holder of this position on is responsible for the reconcilia on of all employee and business units’ accounts in adherence to accounting policies, procedures and international standards.

Key Responsibilities

Organizational:

• Follow all relevant accounting policies, processes and standard operating procedures so that work is carried out in a controlled and consistent manner.

Operational:

• Follow the day-to-day activities related to own job with minimal supervision to ensure continuity of work.
• Follow-up on escalated cases /issues/questions of junior team members to ensure they are closed efficiently and in a timely manner.

Accounting:

• Ensure adherence to accounting standards.
• Plan, manage, coordinate and implement the year end closing processing for the assigned accounting records.
• Provide technical accounting support and interpretation to the business units.
• Ensure that no payments are delayed.
• Reconcile all accounts and financial records of the business units.
• Ensure that Bank reconciliations are verified on a timely basis and adequate to prevent any fraud or inaccuracies.
• Review of the monthly bank reconciliations and sign off.
• Ensure there are no long outstanding items in reconciliations.
• Ensure maintaining the accounting and financial records of the related business units
• Direct the installation and maintenance of accounting records
• Support in cash management, banking, vendor relationships and implementation of the ERP system
• Liaise with HR on the financial and timely payment arrangements for the monthly payroll
• Coordinate with external auditors and provide them with all needed data
• Interact with IT in the implementation of system enhancements and improvements
• Ensure auditors are given the required information on time to complete the audit within the group deadlines
• Support in cash management, banking, vendor relationships and implementation of the ERP system
• Responsible for accurate accounting and ensure adequate internal control in cash collection and banking
• Assist in ensuring cash & treasury management
• Oversee the preparation of monthly management reports and accompanying schedules, worksheets and narratives
• Provide a compreh