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Foodics is a leading restaurant management ecosystem and payment technology provider founded in 2014, headquartered in Riyadh with offices across 5 countries (UAE, Egypt, Jordan, Kuwait). The company serves customers in over 35 countries and has processed over 6 billion orders. Foodics has completed three funding rounds, with the latest raising $170 million in the largest SaaS funding round in MENA.
You will join as a Senior Accountant responsible for comprehensive financial operations supporting a rapidly scaling SaaS business. Your core responsibilities span four key areas:
Financial Reporting & Compliance: Manage daily accounting operations including accounts payable, accounts receivable, and bank reconciliations. Maintain and reconcile general ledger accounts. Prepare and review financial statements in compliance with IFRS/GAAP standards. Support month-end and year-end closing processes. Ensure compliance with local tax laws, VAT, income tax, and relevant financial policies.
Revenue & Subscription Accounting: Oversee subscription billing cycles, deferred revenue, and recurring revenue reporting. Monitor customer contracts, invoicing, and revenue recognition aligned with SaaS industry standards. Reconcile deferred revenue schedules and ensure accurate ARR (Annual Recurring Revenue) and MRR (Monthly Recurring Revenue) calculations.
Financial Analysis & Process Improvement: Support budgeting and financial planning for SaaS revenue streams. Identify and implement process improvements to enhance efficiency in financial operations.
Audit & Internal Controls: Assist in internal and external audits, providing necessary documentation and insights. Maintain strong internal controls to safeguard company assets and financial integrity. Develop and implement best practices in financial operations and reporting.
You will work within a multinational team of over 30 nationalities across 14 countries in a hyper-growth environment. The company offers competitive compensation including bonuses and potential equity, regular training with an annual learning stipend, and opportunities for career growth with autonomy and mentoring.
REQUIREMENTS:
- Bachelor's degree in Accounting, Finance, or related field (CPA, CMA, or ACCA certification preferred)
- 4+ years of accounting experience, with 1-2 years in a SaaS or subscription-based business
- Strong understanding of GAAP/IFRS
- Experience with accounting software, preferably SAP S/4HANA
- Experience with subscription billing systems, preferably Salesforce
- Advanced Excel skills and financial modeling capability
- Proficiency in English (written and spoken)
- Excellent analytical, problem-solving, and communication skills
- Strong attention to detail and ability to work in fast-paced, dynamic environment
- Working knowledge of transfer pricing principles and intercompany arrangements
PREFERRED SKILLS:
- Experience with SaaS KPIs (CAC, LTV, Churn Rate, Expansion Revenue)
- Familiarity with tax regulations for SaaS businesses
- Knowledge of automation tools and process optimization in accounting
- Experience in multinational company environments
