“Looking For In-Demand Accounting Jobs in Saudi Arabia? We Got You!”
The demand for skilled and proficient accounting professionals is increasing with time in Saudi Arabia as the country’s vision reforms for 2030 focus on economic growth, diversification, and infrastructure projects. All of this is possible with good and highly skilled accounting and finance professionals who can drive business growth and expansion.
Therefore, the opportunities for accounting jobs in Saudi Arabia are increasing as employers and businesses gain more awareness about the roles and contributions of these professionals in maximizing business growth, stability, and profit. Hence, if you are a student of accounting aiming to expand your career locally, know that according to the forecast, the value for these professionals is going to increase, creating more accounting jobs.
In-Demand Accounting Roles:
Below are some of the most in-demand accounting roles in Saudi Arabia’s job market:
1. Financial Managers and Accountants:
Many Accounting jobs are available for financial managers and accountants as these professionals are needed in every industry and sector. The financial manager is a senior-level role that plays an essential part in large corporations and MNEs to maximize their profit by managing big financial data efficiently. To take over such roles that are valued, pay well, and allow career progression, aspirants need to choose the ACCA qualification that enables professionals to stay competent for such roles and helps them thrive in their careers.
Other than that, if you aim to take over the role of a finance manager, you are advised to familiarize yourself with modern financial software like SAP, QuickBooks, Oracle, etc.
2. Accounting and Audit Professionals:
The demand for audit professionals is increasing with time as big accounting firms like KPMG, Deloitte, and PwC are actively seeking expert auditors with a good understanding of international accounting standards. If you want to stay competent to apply for accounting jobs in Saudi Arabia for the role of an auditor, you should have in-depth familiarity with incorporating these standards and regulations in your work. Other additional skills that can make you stand out for such roles are financial modeling, risk management, etc.
3. Accounting Payable Specialist:
Various employers are offering accounting jobs in Saudi Arabia under the title of accounts payable specialist. Their role is to manage payments, account reconciliations, expense reporting, and invoice validation. This role demands professionals to have analytical and technical skills like critical thinking, familiarity with modern accounting tools/software, etc.
4. VAT and Indirect Tax Managers:
Tax managers or tax consultants are examples of one of the most in-demand accounting jobs in Saudi Arabia; Big accounting firms, MNEs, and SMEs seek professionals with expertise in this area. These professionals are required to lead VAT implementation teams as well as deal with indirect tax engagements. For such roles, employers prefer professionals who are equipped with all the modern-day financial world skills, comply with regulations and accounting standards, as well as are experienced. ACCA, CMA, or CPA qualifications are the best if you want to expand your career in tax management, tax consulting, or related roles.
Top Employers For Accounting Jobs:
Are you unaware of the top employers for ACCA jobs in Saudi Arabia? Here are some of the examples:
- Saudi Aramco: Saudi Aramco is one of the world’s largest oil companies, and frequently offers accounting jobs for the role of financial reporting and compliance.
- Al Qahtani Pipe Coating: One of the leading companies in the pipe coating industry usually seeks professionals in accounting to take over roles like financial analysis and cost accounting.
- Accor: Accor is actively offering accounting jobs in Saudi Arabia to manage their business operations in the region.
- Red Sea Global: These are some of the top employers, offering numerous accounting jobs in Saudi Arabia. Especially, seeking skilled professionals for the roles of project budgeting, financial manager, etc.
Industry Forecast:
The finance and accounting sector of Saudi Arabia is forecasted to grow stronger by 2030, according to Saudi Arabia’s vision associated with ‘Giga projects’. These projects aim to ensure economic stability, sustainability, and technological advancements. The projects and investments are on a larger scale, therefore, effective financial management is extremely crucial. To convert their vision into a reality, businesses, industries, and new projects need strong finance and accounting sectors. Therefore, without a doubt, the demand for accounting and finance professionals is increasing, creating more accounting jobs in Saudi Arabia; this demand is expected to grow in the coming decade.
Tips For Job Seekers:
If you want to stay competent in the job market and meet the eligibility criteria of accounting jobs of modern times, you will have to equip yourself with certain skills. The tips to stand out in the financial job market of Saudi Arabia are given below:
- Understand and comply with local as well as international regulations.
- Equip yourself with technical, analytical, and ethical skills.
- Enhance your profile with additional certifications and technical advancement short courses.
- Leverage job portals and apply for vacancies.
- Embrace technology and incorporate it with your financial knowledge.
Conclusion:
It seems like the number of opportunities for accounting jobs in Saudi Arabia is increasing as the economy is stabilizing and the nation is focusing on business growth. In such a scenario, the demand for skilled accounting professionals is increasing; however, if you are an aspirant in accounting in Saudi Arabia, you are advised to choose a qualification that can equip you with modern-day financial techniques, tools, and skills, such as the qualification of ACCA in Saudi Arabia.
Frequently Asked Questions (FAQs)
Q1: Which accounting qualifications can open the door to accounting jobs in Saudi Arabia?
Ans: Some of the best qualifications that open the door to numerous career prospects for accounting professionals are ACCA, CMA, CA, CPA, etc.
Q2: Which accounting roles are in demand in Saudi Arabia’s job market?
Ans: The most valued accounting roles are financial analysts, auditors, financial accountants, tax accountants, VAT specialists, cost accountants, financial managers, etc.
