About the job

About MEMF Electrical Industries Co:

MEMF Electrical Industries Co. is the industrial arm of KFB Holding Group, supporting Saudi Arabia’s power infrastructure with locally engineered and high-quality electrical products.

We operate advanced manufacturing facilities in Riyadh, producing a wide range of solutions for utility and industrial customers, including:

• Smart energy meters
• Circuit breakers (MCB / MCCB / ACB)
• LV & MV instrument transformers
• LV & MV switchgear solutions (up to 36 kV)
• Distribution & power transformers (up to 10 MVA)
• FRP meter boxes & feeder pillars

Our products are internationally type-tested and backed by strong engineering expertise and certified quality systems (ISO 9001 & ISO 45001).

• Key Responsibilities:Lead all accounting operations, including GL, AP, AR, Billing, Cost, Inventory, and Revenue Recognition.
• Manage month-end and year-end closing processes.
• Prepare accurate and timely monthly financial statements.
• Lead budgeting, forecasting, and variance analysis.
• Monitor financial performance and provide actionable insights.
• Ensure accuracy and integrity of all financial transactions and reports.
• Oversee cash flow and working capital management.
• Ensure timely statutory, regulatory, and tax reporting.
• Ensure compliance with applicable accounting standards and regulations.
• Manage internal and external audit activities.
• Develop and strengthen internal controls and accounting policies.
• Drive process improvements and finance automation.
• Oversee inventory valuation, cost accounting, and revenue recognition.
• Prepare financial analysis and management reports.
• Lead, mentor, and develop the accounting team.
• Identify financial risks and implement appropriate mitigation controls.
• Support senior management in strategic financial decisions.

• Key Requirements:10–15 years of experience.
• Bachelor’s degree in Accounting, Finance, or a related field.
• CPA, CMA, ACCA, or equivalent certification is preferred.
• Strong expertise in financial reporting and controllership.
• Solid knowledge of accounting standards and tax regulations.
• Proven experience in budgeting, forecasting, and financial analysis.
• Strong knowledge of GL, AP, AR, Cost & Inventory Accounting.
• Experience with ERP systems and advanced Excel.
• Proven team leadership and people management skills.
• Excellent analytical, problem-solving, and decision-making abilities.
• Strong communication skills and business acumen.
• High level of accuracy, integrity, and attention to detail.
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