Senior Accounts Receivable

Richemont; Riyadh; On-site; SAR 60,000 - 100,000; Full time

Job summary

Join a prestigious luxury goods company as a Senior Accounts Receivable, where you'll oversee finance operations in KSA. This role involves managing credit risk, ensuring compliance with regulations, and fostering relationships with stakeholders. You'll benefit from a creative and ambitious environment that values growth and innovation. If you have a strong accounting background and are passionate about luxury goods, this opportunity offers a chance to make a significant impact while enjoying professional development within a family-spirited team.

Benefits

Career Development Opportunities

Creative Work Environment

Family-Spirited Culture

Qualifications

• Bachelor’s degree in accounting is highly preferable.
• 5+ years of experience in accounting and finance, specifically in AR.

Responsibilities

• Manage general ledger entries and prepare monthly reports.
• Supervise AR accounting reports and reconcile accounts.
• Ensure compliance with tax regulations and internal policies.

Skills

Accounting

Finance

Credit Management

Analytical Skills

Communication Skills

Problem-Solving

Education

Bachelor’s Degree in Accounting

Tools

SAP

Microsoft 365

Job description

Reference Code:
109208

# Senior Accounts Receivable
Richemont
Riyadh, 01, SA
Fixed Term

Richemont owns some of the world’s leading luxury goods Maisons, with particular strengths in jewelry, watches, fashion, and accessories. Each Maison represents a proud tradition of style, quality, and craftsmanship. Richemont seeks to preserve the heritage and identity of each of its Maisons while also committing to innovation and designing new products aligned with their values through continuous creativity.

About Richemont:

Richemont is a Switzerland-based luxury goods holding company, home to some of the world's most prestigious Maisons in jewelry, watches, and writing instruments. Founded in 1988 by Johann Rupert, we are a family-spirited group that values heritage, innovation, and diverse talents. At Richemont, you'll find a creative, ambitious, and diverse team with opportunities for growth beyond your job title.

The Opportunity:

As a Senior Accounts Receivable, you will play a vital role in ensuring the efficient and compliant administration of our finance operations in KSA. Reporting to the Reporting and Accounting Manager KSA, you will oversee credit risk management, drive continuous improvement, and foster a culture of trust and compliance with internal and external stakeholders.

Key Responsibilities:

1. Policies, Processes & Procedures: Adhere to all relevant departmental policies and regulatory requirements (ZATCA, SAMA, MOC).
2. Reporting & Accounting: Manage general ledger entries, prepare accurate monthly reports, and reconcile accounts.
3. Accounts Receivable Management: Supervise AR accounting reports, identify and rectify discrepancies, and provide clarifications to FP&A and Finance operations.
4. Client Refunds & Payments: Process client refunds, book cash collection fees, and manage staff purchase payments.
5. Sales Reporting: Prepare sales flash reports and share with key stakeholders.
6. Credit & Consignment Limits: Ensure WS credit limits are calculated semi-annually and consignment limits are in place.
7. Day-to-Day Operations: Support BTQs, improve processes, and respond to boutique inquiries.
8. Reconciliations: Reconcile credit card payments, cash transactions, client refunds, and e-commerce returns.
9. Tax & Zakat: Collect data for accurate tax calculation and prepare relevant reports.
10. E-Invoicing: Follow up on E-invoices (B2C and B2B) for submission to ZATCA.

Qualifications:

1. Bachelor’s degree with an accounting major (highly preferable).
2. Minimum of 5 years’ experience in accounting and finance, specifically in AR.
3. Experience in the retail industry (advantageous).
4. Credit Management Experience.
5. Knowledge of accounting department processes.
6. Knowledge of computerized accounting system – especially SAP.
7. Strong knowledge in KSA VAT.
8. Proficient in Microsoft 365 tools (MS Teams, SharePoint).

Personal Attributes:

1. Effective communication and relationship-building skills.
2. Presentation skills.
3. Ability to work under pressure and with multiple stakeholders.
4. Excellent analytical and problem-solving skills.
5. High attention to detail and accuracy.
6. Proactive with strong time-management and organizational skills.
7. Compliance mind-set.
8. High degree of credibility and integrity.
9. Ability to lead projects.

Be part of a reputable and professional leading company in the luxury industry. Work in a creative, ambitious, and diverse team. Enjoy opportunities for career development and growth. Contribute to a family-spirited group that values its heritage and employees.