Accounts Payable Accountant

ARTAT Enterprise; Riyadh; On-site; SAR 60,000 - 90,000; Full time

Job summary

A leading company in finance is seeking an Accounts Payable Accountant to handle daily operations, including supplier payments and invoice processing. The ideal candidate will have a Bachelor's degree in Accounting or Finance and at least 3 years of relevant experience, with strong analytical skills and attention to detail. You'll be responsible for ensuring compliance with internal controls and preparing financial reports to support decision-making.

Qualifications

• Minimum 3 years in accounts payable or a relevant finance function.
• Excellent written and spoken English.
• Advanced proficiency in Microsoft Excel and ERP systems.

Responsibilities

• Manage daily finance operations related to supplier payments.
• Reconcile accounts payable ledger and ensure accuracy of bills.
• Monitor invoice due dates and manage vendor payments.

Skills

Analytical

Problem-solving

Attention to detail

Organizational ability

Invoice processing

Account reconciliation

Education

Bachelor’s degree in Accounting, Finance, or related field

Tools

Microsoft Excel

ERP systems

Job description

Role Overview

We are seeking a detail-oriented and experienced Accounts Payable Accountant to manage daily finance operations related to supplier payments, invoice processing, account reconciliation, and documentation. This role plays a critical part in maintaining the integrity of our financial records and ensuring compliance with internal controls and financial policies.

Key Responsibilities

1. Manage Documentation for Purchases

• Oversee the full documentation cycle for local and imported purchases.
• Review and match supplier invoices with receiving records.
• Post transactions accurately into the accounting system.

2. Reconcile Accounts Payable Ledger

• Ensure the accuracy of accounts payable by regularly reconciling bills, payments, and balances.

3. Resolve Discrepancies

• Reconcile supplier statements and investigate any inconsistencies in outstanding invoices.

4. Monitor Invoice Due Dates

• Track invoice due dates and manage vendor payments accordingly.
• Prepare monthly reports for accrued invoices and support weekly payment scheduling.

5. Process Outgoing Payments

• Ensure all outgoing payments comply with company policies and are submitted to the bank on time.

6. Follow Up on Wire Transfers

• Monitor bank executions of wire transfers and notify suppliers on payment statuses.

7. Prepare Letters of Credit (LC) Documentation

• Prepare and file LC-related documents accurately and in a timely manner.

8. Track Cash Advances for Operations

• Manage cash advances related to cargo handling and customs clearance.

9. Support Year-End Closing

• Assist with fiscal year-end closing, including supplier balance confirmations and foreign exchange reconciliations.

10. Validate Cost Accounts

• Review and verify the accuracy of landed costs, COGS, and related intermediate accounts.

11. Prepare Analytical AP Reports

• Produce reports such as AP Aging and Days Payable Outstanding (DPO) to inform financial decisions.

12. Support Cash Flow Planning

• Contribute to short-term cash flow planning by preparing and updating 3-month payment projections.

Qualifications and Requirements

• Education: Bachelor’s degree in Accounting, Finance, or related field.
• Experience: Minimum of 3 years in accounts payable or a relevant finance function.
• Language: Excellent written and spoken English.
• Technical: Advanced proficiency in Microsoft Excel and ERP systems.

Skills:

• Strong analytical and problem-solving capabilities
• High attention to detail and organizational ability
• Proficiency in invoice processing and account reconciliation