Accounts Payable Accountant (SAP FI / MM) | Retail

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

Job summary

A leading home improvement retail company in Saudi Arabia is seeking an experienced AP Accountant to manage accurate financial operations. This role requires strong knowledge of SAP and IFRS standards, with responsibilities ranging from month-end close processes to compliance with indirect taxes. The ideal candidate will have 5–8 years of accounting experience and excellent analytical skills, as well as proficiency in both English and Arabic.

Qualifications

• Minimum of 5–8 years of professional accounting experience, including at least 3 years of hands-on experience with SAP.
• Experience in indirect tax compliance (VAT & WHT) within Saudi Arabia.
• Proven expertise in general ledger accounting, accounts payable/receivable, reconciliations, and financial close.

Responsibilities

• Execute month-end and year-end close processes in accordance with IFRS standards.
• Prepare and post journals, including accruals, prepayments, allocations, and reclassifications.
• Perform suppliers’ reconciliations, resolving mismatches such as shortages and cost differences.

Skills

SAP proficiency

Knowledge of IFRS

Analytical skills

Communication skills in English and Arabic

Education

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

Tools

SAP FI/AP/AR modules

Excel

Job description

Leverage your abilities and join the dynamic team of the market leader in the home improvement retail business.

An AP Accountant (SAP), will play a critical role in managing accurate financial operations across multiple business functions. They will be detail-oriented, proficient in SAP, and possess strong knowledge of IFRS and local regulations. This position is central to maintaining financial integrity, fostering vendor relationships, and ensuring tax compliance within the retail sector.

Key Accountabilities

• Execute month-end and year-end close processes in accordance with IFRS standards
• Prepare and post journals, including accruals, prepayments, allocations, and reclassifications.
• Perform suppliers’ reconciliations, resolving mismatches such as shortages, cost differences, extra receiving, or wrong receiving.
• Manage and follow up on pending invoices and credit notes with vendors to ensure accurate accounts payable.
• Oversee and ensure compliance with indirect tax processes (VAT & WHT) within Saudi regulations.
• Handle non-trading OPEX transactions, ensuring accurate classification and reporting.
• Utilize SAP FI/AP/AR modules to manage journal entries, vendor invoices, customer invoices, and payment transactions.
• Support financial reporting, variance analysis, and bank reconciliations for retail operations.
• Collaborate with procurement, supply chain, and operations to ensure seamless financial flows.

Knowledge, Skills, and Experience

• Bachelor’s degree in Accounting, Finance, or related field.
• Minimum of 5–8 years of professional accounting experience, including at least 3 years of hands-on experience with SAP in a retail or FMCG environment.
• Proven expertise in general ledger accounting, accounts payable/receivable, reconciliations, financial close, and OPEX management.
• Strong knowledge of IFRS, with demonstrated ability to prepare financial statements.
• Experience in indirect tax compliance (VAT & WHT) within Saudi Arabia.
• Advanced SAP knowledge, including FI (GL/AP/AR), MM (non-trade POs, GR/IR), and exposure to CO (cost centers/internal orders).
• Proficiency in SAP key transactions such as FB50, FB60, FB65, FB70, F-28, F-53, F-110, F-03, F-32, FBL1N, MIRO, MIR5, FBL3N, FBL5N, GR/IR clearing, ME2N, ME23N.
• Excellent Excel skills for financial modeling and reporting.
• Strong analytical and problem-solving skills with attention to detail.
• Effective communication skills in English and Arabic.