Senior Payments Accountant

REEF GROUP | مجموعة ريف; Riyadh; On-site; SAR 180,000 - 260,000; Full time

Job summary

REEF GROUP is seeking a Senior Payments Accountant in Riyadh to manage and review all payment operations with high accuracy and strict adherence to internal controls. You will ensure timely settlement, accurate recording, and robust reconciliations across AP processes.

Ideal candidates will demonstrate attention to detail, strong collaboration with treasury, and experience in improving payment processes. This is a full-time on-site opportunity in the Saudi Arabian market.

Responsibilities

• Review invoices and supporting documents for payment transactions to ensure completeness and compliance with contracts and approved financial policies.
• Prepare and review payment orders and verify financial data accuracy prior to approval based on delegated authority.
• Process supplier and vendor payments while monitoring due dates to ensure timely settlement.
• Accurately record all payment transactions in the financial system and ensure correct accounting entries.
• Review operating and capital expenditures to ensure proper classification and allocation to the correct cost centers.
• Prepare and review accounts payable reconciliations, monitor open balances, and resolve discrepancies in coordination with relevant departments.
• Coordinate with the treasury function to ensure sufficient liquidity is available before executing scheduled payments.
• Monitor advance payments and pending settlements to ensure timely closure and reconciliation.
• Prepare periodic reports on payments, including overdue payments analysis and recommendations for improvement.
• Communicate with vendors to resolve payment inquiries, discrepancies, and outstanding claims.
• Support month-end and year-end closing activities through payment schedules and reconciliations.
• Ensure compliance with internal financial controls and contribute to improving payment processes efficiency.
• Participate in the automation and enhancement of accounts payable processes to improve data quality and reduce operational errors.

Job description

Position Title: Senior Payments Accountant

Job Type: Full-Time

About the Role:

We are seeking a highly detail-oriented Senior Payments Accountant to execute and review the company’s payment operations with a high level of accuracy and compliance. The role is responsible for ensuring that all payment transactions are properly reviewed, processed, recorded, and aligned with internal policies and financial controls. This position plays a key role in maintaining efficient cash flow operations and minimizing financial errors across the organization.

Key Responsibilities:

• Review invoices and supporting documents for payment transactions to ensure completeness and compliance with contracts and approved financial policies.
• Prepare and review payment orders and verify financial data accuracy prior to approval based on delegated authority.
• Process supplier and vendor payments while monitoring due dates to ensure timely settlement.
• Accurately record all payment transactions in the financial system and ensure correct accounting entries.
• Review operating and capital expenditures to ensure proper classification and allocation to the correct cost centers.
• Prepare and review accounts payable reconciliations, monitor open balances, and resolve discrepancies in coordination with relevant departments.
• Coordinate with the treasury function to ensure sufficient liquidity is available before executing scheduled payments.
• Monitor advance payments and pending settlements to ensure timely closure and reconciliation.
• Prepare periodic reports on payments, including overdue payments analysis and recommendations for improvement.
• Communicate with vendors to resolve payment inquiries, discrepancies, and outstanding claims.
• Support month-end and year-end closing activities through payment schedules and reconciliations.
• Ensure compliance with internal financial controls and contribute to improving payment processes efficiency.
• Participate in the automation and enhancement of accounts payable processes to improve data quality and reduce operational errors.

Why Join Us?

This is a great opportunity to join a dynamic and fast-paced organization where you will play a key role in ensuring accurate and efficient financial operations. You will be part of a collaborative finance team, contribute to strengthening internal controls, and support the company’s commitment to financial excellence and operational efficiency.