Accounts Payable Accountant

alfanar; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading firm in finance operations in Riyadh is seeking an Accounts Payable Specialist to manage vendor invoices, ensure timely payments, and maintain accurate financial records. The ideal candidate will hold a Bachelor's Degree in Accounting or Finance and have strong skills in vendor relations and compliance. This position offers an opportunity to contribute to the organization's financial efficiency and quality control.

Qualifications

• Experience in processing and verifying vendor invoices.
• Capability to resolve invoice disputes with vendors.
• Competent in maintaining accurate records for audit purposes.

Responsibilities

• Execute accounts payable processes for accurate financial transactions.
• Initiate and process timely vendor payments.
• Prepare and update regular financial reports.

Skills

Vendor invoice processing

Payment processing

Reconciliation skills

Communication skills

Problem-solving abilities

Education

Bachelor Degree in Accounting and Finance

Job description

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Perform and execute accounts payable processes (Invoices, payments, reconciliations, reports, vendor relations processes) and ensuring timely and accurate financial transactions inline with the internal policies and external regulations.

Key Accountability Areas

• Process and verify vendor invoices, ensuring accuracy and proper authorization.
• Resolve invoice disputes with vendors before posting to ensure accuracy and compliance.
• Verify invoice accuracy and secure appropriate authorizations to ensure compliance before processing.

Payment Processing:

• Initiate and process payments for vendors, ensuring that payments are timely, within agreed terms, and properly authorized.
• Perform regular vendor account reconciliations to ensure that addressing inquiries discrepancies are identified and resolved promptly.
• Maintain effective communication with vendors and resolve disputes promptly.

Compliance and Documentation:

• Maintain accurate records of invoices, payments, and correspondence for audit purposes.

Reporting:

• Prepare and update regular reports outstanding, Aging, etc.

Role Accountability

• Ability to obtain updated soft and technical skills related to the job.

Delivery:

• Perform the planned activities to meet the operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide a periodic report formatted by detailing the deviation and execution of planned tasks.

Problem-Solving:

• Solve any related problems arise and escalate any complex operational issues.

Quality:

• Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.

Business Process Improvements:

• Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.

Compliance:

• Comply to related policy and procedures and work instructions.

Health, Safety, and Environment:

• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

Academic Qualification

Bachelor Degree in Accounting and Finance or Any relevant field