Accounts Receivable Specialist

SETRA Saudi Electronic Trading & Contracting Company Ltd.; Jeddah; On-site; SAR 60,000 - 90,000; Full time

Job summary

A leading trading and contracting company in Saudi Arabia is seeking a Receivables Accountant to manage accounts receivable processes, ensure timely collections, and maintain financial records. Candidates must have a Bachelor's degree in accounting or finance, valid SOCPA certification, and at least 2 years of relevant experience, preferably in subcontracting and MEP industries. This role involves collaborating with the accounting team to improve efficiency in financial operations.

Qualifications

• Minimum of 2 years of professional experience in accounting, with a focus on accounts receivable.
• Strong knowledge of Saudi accounting standards and regulatory compliance.

Responsibilities

• Manage accounts receivable processes to ensure timely collection of payments.
• Generate and document customer invoices following company policies.
• Perform regular reconciliations of accounts receivable subsidiary ledger.
• Collaborate with departments to streamline financial operations.

Skills

Receivables accounting

Customer account reconciliation

Collection processes

Knowledge of KSA accounting standards

VAT compliance

Technical skills with Oracle ERP

Education

Bachelor's degree in accounting or finance

Valid SOCPA certification

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 (subcontracting, MEP field) 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 (subcontracting, MEP industry)
• 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