Summary
Varel Energy Solutions manufactures and supplies downhole drilling and completions products for the energy sector. The Assistant Accountant reconciles bank accounts, issues customer invoices, processes supplier invoices and payments, and maintains financial records and journal entries. The role also supports month-end and year-end closing and provides documentation for audits. Applicants should have a bachelor’s degree in accounting, finance, or a related field, 1–3 years of relevant experience, and knowledge of Saudi invoicing and tax regulations; CMA or ACCA certification is preferred. The location is Saudi Arabia.
The posting
As published on varel.com. Pulled from the employer's site and shown as they wrote it.
Varel Energy Solutions (VES) is one of the world’s largest independent manufacturer and suppliers of downhole drilling and completions products to the energy sector. The key to the company's success is underpinned by the virtues and the cultural framework of our employees. VES offers an exciting and fast paced work environment, attractive benefits, and competitive pay. If you’re looking to invest in your career development, Varel Energy Solutions is the right place for you. Come join our team!
SUMMARY: The Assistant Accountant maintains and reconciles bank accounts, issues customer invoices, and processes supplier invoices and payments, while keeping accurate financial records and journal entries. This role supports month-end and year-end closing, ensures compliance with accounting policies and tax regulations, and assists with audit documentation as part of the broader finance team. Follows company safety policies and procedures.
ESSENTIAL DUTIES:
- Maintain, update and reconcile bank accounts and bank statements.
- Issue customer invoices and upload the invoices to the customer portal sites.
- Handle data entry, maintain accurate financial records, and document all company financial transactions.
- Prepare and post journal entries to record financial transactions and ensure the general ledger remains accurate.
- Process invoices, manage vendor payments.
- Support the closing processes for both month-end and year-end financial statements.
- Ensure adherence to accounting principles, company policies, and financial regulations and tax laws.
- Provide documentation and assistance to internal and external auditors.
- Work with senior accountants and other members of the finance team on various tasks and projects
MINIMUM REQUIREMENTS
Competencies (skills & abilities):
- Demonstrate effective interpersonal, communication, and organizational skills.
- Strong attention to detail and organizational skills.
- Ability to meet deadlines, especially around month-end/year-end closing.
- Demonstrate good, practical, and objective problem-solving skills.
- Show integrity and discretion in handling confidential information.
- Show proficiency in Excel and financial software used in the department.
- Comprehend and communicate accurately, clearly, and concisely in English
Education & Knowledge:
- Bachelor's degree in Accounting, Finance, or a related field.
- Understanding of Saudi invoicing and tax regulations.
- Awareness of IFRS and local statutory accounting standards.
- Professional certification in progress or completed (CMA, ACCA, or equivalent) is preferred.
Work Experience:
- 1–3 years of relevant accounting experience.
- Experience with issue and processing the invoices and supporting month-end closing process is an advantage.
Thank you for your interest in a career with Varel Energy Solutions.