Senior Accountant

Modern Mills; Jeddah; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading financial services company in Saudi Arabia is seeking an Accounts Receivable & Credit Control professional to manage collections, perform financial analysis, and ensure compliance with regulations. The ideal candidate will have a Bachelor's degree in Accounting or Finance and 3-5 years of relevant experience. This position offers a chance to collaborate with various teams and enhance financial processes.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• 3-5 years of experience in accounts receivable or credit control.

Responsibilities

• Monitor and manage accounts receivable for timely collections.
• Evaluate customer creditworthiness and establish credit limits.
• Implement credit control policies to minimize bad debts.
• Prepare monthly and annual AR reports.
• Collaborate with teams to improve financial processes.

Skills

Financial analysis

Credit control

Account reconciliation

Collaboration

ERP systems (SAP)

Attention to detail

Education

Bachelor's degree in Accounting, Finance

Tools

SAP

Job description

Accounts Receivable (AR) & Credit Control

• Monitor, manage, and reconcile accounts receivable for all branches to ensure timely collections and proper recording of transactions.
• Evaluate customer creditworthiness, conduct financial analysis, and establish appropriate credit limits based on company policies.
• Implement and enforce credit control policies to minimize bad debts and ensure a healthy cash flow.
• Liaise with the sales team to ensure that invoices are generated correctly, payment terms are adhered to, and overdue payments are followed up efficiently.
• Review and analyze ageing reports, assess overdue balances, and provide recommendations for collection actions on delinquent accounts.
• Ensure that customer payments, credit notes, and adjustments are accurately recorded in the ERP system.
• Work closely with banks on LCs (Letter of Credits), bank guarantees, and PDC (Post-Dated Cheques) processing.

Financial Reporting & Compliance

• Maintain accurate and up-to-date financial records in compliance with IFRS, VAT laws, and other local financial regulations.
• Prepare monthly, quarterly, and annual AR reports, including ageing analysis, customer account reconciliation, and bad debt provisioning.
• Perform reconciliations for sales transactions, customer ledgers, bank statements, and AR-related accounts to ensure accuracy and completeness.
• Assist in the month-end and year-end closing processes, ensuring timely and accurate revenue recognition and reconciliation of financial records.
• Ensure compliance with VAT, WHT (Withholding Tax), and other tax regulations, ensuring proper documentation and reporting for sales transactions.

Operational & Business Support

• Collaborate with sales, distribution, and finance teams to improve financial processes and align with business objectives.
• Provide financial insights and analysis to management regarding AR performance, collection efficiency, credit risk exposure, and revenue trends.
• Support the implementation and improvement of ERP systems (SAP) to enhance receivables and credit management.
• Work closely with internal and external auditors, providing necessary documentation and explanations for audit requirements.
• Identify process inefficiencies in AR and suggest automation or digital transformation solutions to improve collection cycles.

Skills

• Bachelor’s degree in in Accounting, Finance, or a related field.
• 3-5 year experience.