Associate - Accounts Payable

Bayut.com; Riyadh; On-site; SAR 50,000 - 75,000; Full time

Job summary

A leading company in real estate services in Saudi Arabia is seeking an Associate Accounts Payable. This role involves ensuring accurate processing of commissions and managing financial reporting in collaboration with various internal stakeholders. Candidates must have a degree in finance or accounting and 1-3 years of experience in finance operations.

Qualifications

• 1-3 years of relevant experience in accounts payable or finance operations.
• Experience in affiliate or broker payment environments is a strong advantage.
• Good understanding of financial reconciliation and documentation standards.

Responsibilities

• Ensure timely and accurate processing of commissions and incentive payouts.
• Monitor and manage payouts and financial reporting.
• Identify and resolve discrepancies in payouts.

Skills

Analytical skills

Attention to detail

Client service dynamics

Education

Bachelor's degree in Finance, Accounting, Business Administration

Job description

Bayut is the number one property portal in the Kingdom, connecting millions of users across the country. We are committed to delivering the best online search experience. As part of Dubizzle Group, Bayut is alongside some of the strongest classifieds brands in the market. With a collective strength of 10 brands, we have more than 200 million monthly users that trust in our dedication to providing them with the best platform for their needs.

The Associate Accounts Payable (Affiliates & Brokers) is responsible for ensuring timely, accurate, and compliant processing of commissions and incentive payouts to affiliates and brokers. The role involves maintaining payout schedules, managing financial reporting, addressing discrepancies, and coordinating with key internal stakeholders including Audit, Payables, and Key Account Managers (KAMs).

Desired Candidate Profile

In this role, you will:

1. Commission & Incentive Processing

• Ensure error-free calculation and disbursement of commissions and incentives for affiliates and brokers.
• Verify supporting documentation, deal details, and policy adherence before processing payouts.

1. Commission Schedule Management

• Roll out periodic commission schedules in a timely and structured manner.
• Coordinate with relevant teams to confirm accuracy of scheduled payments.
• Monitor and maintain agreed TATs for all commission-related disbursements.
• Proactively resolve bottlenecks and escalate delays as necessary.
• Prepare and circulate regular reports on commission disbursements and cost-to-revenue (C2R).
• Ensure data accuracy and consistency across reports for internal reviews and audits.

1. Anomaly Detection

• Identify and highlight anomalies or inconsistencies in payouts.
• Investigate discrepancies and work with cross-functional teams to resolve issues.
• Process and verify large-volume/bulk commission payments related to special deals or campaigns.
• Ensure proper tagging and documentation of bulk deals for traceability.

1. Stakeholder Coordination

• Serve as liaison between Audit, Payables, and Key Account Managers (KAMs) to ensure alignment on payout matters.
• Support audit requirements by providing necessary documentation and clarifications.

Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, or related field.
• 1-3 years of relevant experience in accounts payable or finance operations.
• Experience in affiliate or broker payment environments is a strong advantage.
• Strong understanding of partner/channel sales models and client service dynamics.
• Ability to analyze data and financial reports.
• Good understanding of financial reconciliation and documentation standards.
• Ability to handle pressure and meet tight deadlines.
• Adaptability to high-performing and fast-paced work environments.

Bayut is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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