Accounting Officer - KSA

Electra Solutions; Riyadh; On-site; SAR 60,000 - 100,000; Full time

Job summary

Join a dynamic and diverse team at a forward-thinking company as you manage the full spectrum of financial operations. This pivotal role focuses on accounts receivable and credit control, ensuring timely collections and adherence to internal policies. You will collaborate with various departments, support audit activities, and utilize your accounting expertise to drive operational excellence. With a commitment to employee development and a competitive salary, this opportunity is perfect for those looking to make a significant impact in the financial sector while enjoying a supportive and inclusive work environment.

Benefits

Medical Insurance

Competitive Salary

Merit Bonus

Learning & Development Opportunities

Qualifications

• 3+ years of experience in accounting operations within AP, AR, or Treasury.
• Bachelor's degree in Finance & Accounting is essential.

Responsibilities

• Handle accounts receivable and credit control operations for KSA entity.
• Support internal and external audit activities and maintain financial records.

Skills

Accounting Operations

Credit Control

Accounts Receivable Management

Data Processing Skills

ERP Functional Experience

Education

Bachelor Degree in Finance & Accounting

Chartered Accounting or Management Accounting Certifications

Tools

Navision

MS Dynamics

SAP

Job description

Handle full spectrum of financial operations for KSA legal entity: accounts receivable & credit control (primary responsibility) with multi-skill support as and when required to accounts payable, expenses, treasury/bank operations, VAT reporting. To ensure timely collections, closing of accounts and related reconciliations, following proper internal controls and adherence to statutory and legal requirements and to internal policies & procedures. Readiness to specialize in AR / Credit Control as required.

1. Maintaining Customer Account/Accounts receivable and related records: customer ledger management and SOA reconciliation (incl. Intercompany), regular booking of customer collections, customer master data management, supporting analysis.
2. Credit Control and Ageing analysis in line with Credit Policy and in close partnership with the sales & CS team (maintaining group credit policy, assessing/addressing customer credit risks).
3. Maintaining Supplier Accounts /Accounts Payable and related records: vendor ledger management and SOA reconciliation (incl. Intercompany), booking of supplier invoices & payments, supporting analysis as required.
4. Operational Treasury support including preparation and execution of all payments from bank and bank reconciliations (incl. petty cash), servicing bank funding/debt, maintaining loan documentation and adherence to bank covenants.
5. Trade Treasury support including preparation of Letters of Credit (In-/Out-bound), CAD, Avalized Bills & other guarantees and documentary credit, maintaining of financial records for these transactions.
6. Supporting Group Finance Manager in Internal & External Audit Activities.
7. Internal Service Provider to dependent departments (Sales, CS, supply chain, admin functions, production) providing data and analytical support where required.
8. Invoicing, collections, controlling and reconciliation of accounts receivable; weekly & monthly reporting, VAT, WHT, CT accounting for KSA, employee expenses administration.
9. Comply with all HR & Electra Group policies and procedures.

Requirements

1. Bachelor Degree in Finance & Accounting.
2. Part- /fully- qualified Chartered Accounting or Management accounting certifications (CA, ACCA, ACMA, CMA or equivalent) - Advantageous.
3. 3+ years of accounting operations experience in the AP, AR or Treasury function of a small to mid-size organization.
4. Excellent Accounting & internal control awareness and data processing skills.
5. ERP functional experience (Navision, MS Dynamics, SAP, etc.).
6. Proficiency in English is required, while knowledge of Arabic is considered advantageous.

General Obligations towards Health, Safety and Environment:

1. You will correctly use machinery, appliances, tools, transport, and all equipment issued by the company.
2. You will correctly use personal protective equipment supplied by the company.
3. You will not remove any safety devices for any machinery or installations.
4. You will perform all tasks set forth by safety and environmental regulations and thus cooperate with Electra to ensure a working environment and condition that do not pose any risks in terms of health, safety and environment to others.

Benefits

1. Electra is an equal opportunity company who thrive on its diversity.
2. Competitive Salary.
3. Medical Insurance.
4. Merit Bonus.
5. Learning & Development Opportunities.