Accounting jobs in Saudi Arabia

Title: Accounting And Reporting Specialist

Requisition ID: 5773

Business Unit: Finance Complex, Division: Accounting and Reporting, Department: Financial Control, Country: Saudi Arabia, Location: Jeddah, HQ, Job Grade: E2, Contract Type: Fixed Term, Closing Date: 2-Feb-2026

• Review and ensure compliance to Financial Accounting standards by AAOIFI and International Financial Reporting Standards (IFRS) for all general ledger transactions for the Bank and Trust Funds.
• Prepare accurate financial statements for the Special Purpose Vehicles (SPV) (AUM > US$15bln) and the Trust Funds (AUM > US$5bln) in accordance with AAOIFI.
• Perform advanced financial analysis for the Bank's Ordinary Capital Resources (AUM > US$25bln) and various Special and Trusts Fund under the management of Financial Control Department.
• Advanced knowledge of all relevant IFRS and AAOIFI accounting standards and working knowledge of the Bank's SAP financial reporting system.

• Review and clear all treasury and investments related financial transactions for posting in SAP-GL for all company codes.
• Undertake analysis and recommend corrective measures to improve accuracy and completeness of financial statements.
• Monitor the recording of financial transactions related to IsDB treasury, funding, and investments in Misys.
• Generate income accruals from Misys for all treasury investments and make posting on SAP-GL.
• Review inter-fund reconciliations, resolve related issues, and follow up for the timely settlements.
• Monitor technical clearing accounts related to treasury investments and Project Assets.
• Compilation of the various Audit and Pension Committee reports for the assigned entities together with detailed financial analysis, commentary, and recommendations (if required).
• Development and formulation of appropriate financial performance indicators to be included in the Bank's annual report.

• Determine appropriate and relevant financial analysis metrics to adequately assess the financial performance of the relevant entities.
• Develop meaningful and user-friendly financial analysis reporting packs for each reporting entity.
• Provide accurate and timely financial analysis and other information on Treasury, Investment, and funding portfolio performance.
• Carry out periodic analysis of treasury investments, equity and other investments and funding instruments.
• Provide regular detailed analysis of the Funds financial performance to management.

• Preparation of monthly, quarterly, and annual financial statements with all the required disclosures for the assigned Bank entities.
• Prepare financial statements for the assigned funds and SPVs, in accordance with applicable IFRS/AAOIFI standards.
• Manage and finalize audits of the Funds and SPV's financial statements.
• Develop appropriate financial statement formats in accordance with relevant accounting frameworks for any newly created funds/entities.

• Participate in formulation and implementation of policies and procedures for the division.
• Ensure that all financial transactions comply with Generally Accepted Accounting Principles (GAAP).
• Formulate appropriate accounting frameworks in response to the introduction of new IFRS and AAOIFI standards.
• Coordinate within the department as well as all other relevant stakeholders to establish a framework of internal controls over the financial transactions of all departments to adequately safeguard assets and efficiently manage the liabilities.

• Prepare all Treasury, Investment and Funding related information and reports as per FCU requirements for the annual rating of the Bank.
• Prepare monthly financial reports on the Funds and highlighting areas of concern, if any.
• Prepare monthly and quarterly financial analysis and reports on the financial statements.
• Prepare ad-hoc reports/technical papers as and when required by management.
• Coordinate between internal departments & external auditors and follow up with the relevant departments on audit recommendations.
• Development and preparation of relevant reporting templates, data and other necessary detailed information needed for the Bank's credit rating exercise, external consultants for sukuk issuances and annual actuarial valuation exercises.
• Contribute and support Bank wide initiatives with respect to system enhancements, new system integrations and system corrections.

• Bachelor’s degree in Accounting, Finance, Business administration, or related field.
• Certification in CA, CMA, ACCA, CPA or CIPA is preferred.
• Minimum 5 years of experience in finance and accounting, preferably in multilateral sector or large global organization.
• Languages: English: Mandatory, Arabic: Preferred, French: Preferred.

• Building Relationships
• Passion for Excellence
• Analytical Thinking
• Problem Solving
• Knowledge of Development Sector
• Accounting
• Strong MS Excel and ERP skills and experience
• Financial Management
• Financial Reporting
• Financing Instruments
• Audit Operations
• Report Writing
• Product Knowledge in Islamic Finance, Sukuk, Murabaha etc.

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

• Resume/CV
• Copy of passport
• Academic certificate

If you are currently an IsDB Regular staff applying for this role and get selected through the competitive selection process; your current contract type and other terms and conditions will remain unchanged.

The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.