Accounts Receivable Senior Specialist

Al Khozama Investment; Saudi Arabia; On-site; SAR 30,000 - 60,000; Full time

Job summary

An established industry player is seeking a diligent Accounts Receivable Specialist to oversee collections and ensure accuracy in billing. This role involves preparing receipts, managing tenant accounts, and generating reports to support collection strategies. The ideal candidate will have a Bachelor's degree in Accounting or Finance, with at least 2 years of experience in a similar role. Proficiency in SAP and bilingual skills in Arabic and English are essential. Join a dynamic team and contribute to the financial success of the organization while enhancing your career in a supportive environment.

Qualifications

• Bachelor's degree in Accounting or Finance is required.
• Minimum 2 years of experience in Accounts Receivable is essential.
• Proficiency in Arabic and English is required.

Responsibilities

• Prepare daily receipts and issue receipts for payments.
• Reconcile receivables with subsidiary ledger and general ledger.
• Prepare weekly and monthly collection reports.

Skills

Accounts Receivable Management

Financial Reporting

SAP ERP

Bilingual (Arabic and English)

Education

Bachelor's degree in Accounting

Bachelor's degree in Finance

Tools

SAP

Job description

The job holder is responsible for overseeing the collections activities by billing staff to ensure accuracy and timeliness. They produce and analyze account reports to set collection strategies and priorities. The role involves preparing and reviewing aging account reports and making necessary decisions on outstanding accounts in accordance with delegated authorities.

Key Responsibilities:

1. Prepare daily receipts of tenants' cash/checks and issue receipts upon receiving payments.
2. Prepare tenant receipt vouchers in SAP against temporary receipt vouchers.
3. Deposit collections into the bank on the same day.
4. Prepare weekly collection reports for the Collection Manager and monthly reports for the Leasing Department.
5. Prepare tenant statements of accounts weekly or upon tenant request, coordinating with the Collection Department for follow-ups.
6. Prepare statements for terminated or surrendered units, including adjusting entries to close tenant balances.
7. Process security deposit refunds upon contract termination with proper documentation.
8. Confirm account balances with tenants.
9. Review contracts prepared by the Leasing Department and update the Supervisor.
10. Review periodic postings by the Leasing Department.
11. Review revenue reports and update the Supervisor.
12. Reconcile receivables with the subsidiary ledger against general ledger balances.
13. Maintain tenant files with complete documentation (lease contracts, invoices, receipts, addendums, etc.).
14. Verify invoice amounts against signed contracts.
15. Ensure all invoices issued by Facility Management and Hospitality are complete and accurate.
16. Prepare aging reports based on business lines and customer types.
17. Build revenue provisions if actual postings are not available.
18. Perform other tasks as directed by the line manager to meet organizational objectives.

Qualifications and Experience:

1. Bachelor's degree in Accounting, Finance, or a related field.
2. Minimum of 2 years of experience in Accounts Receivable.
3. Experience in accounting and financial operations, with knowledge of applicable guidelines and statutory requirements.
4. Experience using SAP ERP system.
5. Preferably, experience in the Real Estate industry.
6. Proficiency in Arabic and English (speaking and writing).