Summary
Penny is building a procurement and sourcing platform and is expanding across the GCC. The Accountant will manage day-to-day accounting, reconciliations, month-end closing, VAT and WHT compliance, and support financial reporting, budgeting, forecasting, and audit coordination. The role is based in Manama and requires 4–5 years of relevant accounting experience, an ACCA, CPA, CA, or equivalent qualification, and strong knowledge of IFRS. QuickBooks and experience in SaaS, subscription businesses, or multi-entity accounting are desirable.
The posting
As published on penny.co. Pulled from the employer's site and shown as they wrote it.
Role Summary:
We are looking for an experienced and hands-on Accountant to join our growing Finance team. You will work closely with the Finance Manager and take ownership of the company's day-to-day accounting activities, ensuring that our books are accurate, reconciled, and up to date.
This role is suited to someone who is independent, proactive, detail-oriented, and comfortable taking responsibility for accounting operations, while also supporting the Finance Manager with reporting, compliance, and financial analysis.
What You Will Do
- Manage day-to-day accounting and ensure all transactions are accurately recorded.
- AP, AR, bank reconciliations, general ledger, and balance sheet reconciliations.
- Manage month-end closing activities and prepare supporting schedules and journals.
- Assist with monthly financial reporting and management accounts.
- Manage VAT accounting and compliance, including VAT returns and WHT returns.
- Support budgeting, forecasting, cash-flow monitoring, and financial analysis.
- Coordinate with auditors and provide required information and supporting schedules.
- Follow up on outstanding accounting issues and ensure timely resolution.
- Work with other departments to resolve finance and accounting queries.
- Support the Finance Manager with ad-hoc analysis, reporting, and finance projects.
- Help improve accounting processes, controls, and reporting as the company grows.
What We Are Looking For:
- 4–5 years of relevant accounting experience.
- ACCA, CPA, CA, or equivalent qualification required.
- Strong practical experience in general accounting and month-end closing.
- Good understanding of IFRS, company law, WHT and VAT.
- Ability to independently manage accounting responsibilities with minimal supervision.
- Strong attention to detail and ability to identify and resolve discrepancies.
- Highly organised, responsive, and comfortable working with tight deadlines.
- A proactive mindset: you don't just identify problems; you follow them through to resolution.
Desirable Skills & Experience
Candidates with experience in the following areas will have an additional advantage:
- Experience with QuickBooks.
- Experience in a SaaS, technology, or subscription-based business.
- Experience with multi-entity accounting.
- Knowledge of Saudi VAT and cross-border transactions.
- Experience with accounting integrations and finance automation.
About Penny:
Penny is building the ultimate procurement and sourcing platform, one that enables organizations to issue tenders, discover suppliers, and manage purchases faster, more efficiently, and cost-effectively. As we expand across the GCC, we are looking for high-impact finance professionals to help us scale.