Accounts Receivable Specialist

SETRA Saudi Electronic Trading & Contracting Company Ltd.; Jeddah; On-site; SAR 60,000 - 80,000; Full time

Job summary

A leading Saudi company in electronic trading is seeking an experienced Receivables Accountant in Jeddah. Responsibilities include managing accounts receivable, ensuring timely payment collections, and maintaining accurate records. Ideal candidates should possess a Bachelor's degree in accounting, at least 2 years of experience, and knowledge of KSA accounting standards. This is an excellent opportunity for local talents to grow within a prominent company.

Qualifications

• Bachelor's degree in accounting, Finance or related fields.
• Minimum of 2 years of professional experience in accounting, with a focus on accounts receivable.
• Strong knowledge of receivables accounting and collection processes.

Responsibilities

• Manage accounts receivable processes to ensure timely collection of payments.
• Reconcile payments and coordinate with sales team for outstanding invoices.
• Monitor customer payment patterns and aging reports.

Skills

Knowledge of receivables accounting

Customer account reconciliation

Collection processes

Understanding of KSA accounting standards

Technical skills in accounting software

Education

Bachelor's degree in accounting or related fields

Valid SOCPA certificate

Tools

Oracle ERP

Job description

٭٭ With respect to nationalization program in Saudi Arabia to boost local talents, Saudi nationals are encouraged to apply to this role.٭٭

The Receivables Accountant is responsible for managing the company's accounts receivable processes to ensure timely collection of payments and maintain accurate financial records. This role works closely with the accounting team to reconcile payments, coordinate and follow up on outstanding invoices with sales team, and provide support to customers regarding their accounts.

Responsibilities

• Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
• Confer with company officials about financial and regulatory matters.
• Generating and documenting customer invoices in a timely manner, adhering to the company's billing policies and procedures.
• Process customer payments received through various payment methods, including bank transfers, checks, and digital platforms.
• Monitor customer payment patterns and aging reports to identify overdue accounts and potential credit risks.
• Perform regular reconciliations of the accounts receivable subsidiary ledger with the general ledger.
• Maintain comprehensive and organized records of all accounts receivable transactions, invoices, and supporting documentation, in compliance with Saudi Arabian business regulations and the company's internal policies.
• Identify and suggest process improvements to enhance the efficiency and effectiveness of the accounts receivable function.
• Collaborate with cross-functional departments to streamline financial operations and improve debt collection.
• Participate in internal and external audits, providing requested documentation and information to auditors, and cooperating fully with any regulatory inspections.

Qualifications

• Bachelor's degree in accounting, Finance or related fields. CPA certification is preferred
• Certification: Valid SOCPA certificate
• Experience: Minimum of 2 years of professional experience in accounting, with a focus on accounts receivable
• Technical Skills: Strong knowledge of receivables accounting, collection processes, and customer account reconciliation; solid understanding of KSA accounting standards, VAT, and regulatory compliance
• Preferred: Experience with Oracle ERP is a plus