Accountant / Payables Required in Saudi Arabia

An Accountant / Payables is responsible for managing and processing financial transactions related to accounts payable within an organization. This role involves overseeing the payment cycle, ensuring that all invoices, bills, and vendor payments are accurately recorded, and maintaining the financial integrity of the company’s payable accounts. The Accountant / Payables works closely with vendors, suppliers, and internal departments to ensure timely payments and resolve any discrepancies. Accuracy, attention to detail, and strong analytical skills are essential in this role to maintain the company’s financial health and compliance with regulations.

Key Responsibilities:

1. Processing Vendor Invoices and Payments
   The primary responsibility of the Accountant / Payables is to manage the full cycle of accounts payable transactions. This includes receiving, verifying, and processing vendor invoices, ensuring that all required approvals are obtained before payments are made. The accountant ensures that payments are made in a timely manner, either by checks, wire transfers, or other methods, while adhering to the company’s policies and procedures.
2. Reconciliation of Accounts Payable Ledger
   Regular reconciliation of the accounts payable ledger is essential to ensure the accuracy of financial records. The Accountant / Payables is responsible for verifying that all entries are correctly posted to the appropriate accounts. This includes reconciling supplier statements with the company’s internal records to ensure that any discrepancies are promptly identified and addressed.
3. Expense Reporting and Analysis
   The Accountant / Payables assists in tracking and reporting company expenses. This involves reviewing and processing employee expense reports, ensuring compliance with company policies, and categorizing expenses correctly in the financial system. The accountant also prepares regular reports on payables and cash outflows, providing insights for better financial planning and decision-making.
4. Vendor Management and Dispute Resolution
   Maintaining strong relationships with vendors is a key part of this role. The Accountant / Payables liaises with suppliers to address any billing discrepancies, payment issues, or inquiries. In cases of invoice disputes, the accountant works to resolve the issues promptly and professionally, ensuring smooth vendor relations and minimizing disruptions to business operations.
5. Compliance with Tax and Regulatory Requirements
   The Accountant / Payables ensures that all payments are compliant with tax laws and relevant regulations. This includes calculating and processing VAT, withholding taxes, and other applicable levies, as well as maintaining accurate records for audit and tax filing purposes. The accountant ensures that the company adheres to all local and international financial regulations governing accounts payable.
6. Cash Flow Management
   Managing cash flow is a crucial part of the role. The Accountant / Payables monitors upcoming payments and ensures that the company maintains sufficient funds to meet its financial obligations. By providing accurate and timely information about the company’s cash outflows, the accountant helps management make informed decisions about spending and budgeting.
7. Supporting Month-End and Year-End Closures
   At the end of each financial period, the Accountant / Payables plays a significant role in closing the accounts. This includes finalizing outstanding payables, preparing reports on all payable transactions, and ensuring that all expenses are accurately recorded. The accountant also assists in preparing the necessary documentation for audits and financial reviews.

Skills and Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Proven experience in accounts payable or general accounting.
• Strong understanding of accounting principles and financial regulations.
• Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle).
• Excellent attention to detail and accuracy in data entry.
• Strong organizational and time-management skills.
• Ability to resolve discrepancies and manage vendor relationships.
• Knowledge of tax regulations related to accounts payable.
• Strong communication skills and the ability to work collaboratively with other departments.

An Accountant / Payables is essential in ensuring the smooth operation of an organization’s financial system, particularly in managing outgoing payments. Through accurate processing of transactions, strong vendor management, and diligent financial oversight, the accountant contributes to the financial stability and efficiency of the company.

How to apply:

Send your updated resume to our email or directly reach us at our phone:

Email:   arabiancenter.info@alfuttaim.com

Phone:  +971 4 527 7777