Accounts Payable Accountant Required in Saudi Arabia

An Accounts Payable Accountant is responsible for managing a company’s outgoing financial transactions, ensuring that bills, invoices, and payments are accurately processed in a timely manner. This role involves handling all aspects of accounts payable, from processing invoices and making payments to vendors, to maintaining accurate records of all transactions. Accounts Payable Accountants play a crucial role in managing cash flow, ensuring that the company meets its financial obligations while maintaining positive relationships with suppliers and vendors.

Salary	Market Competitive
Experience	2 – 4  years
Location	Saudi Arabia
Qualification	Any Graduation
Posted	01 October 2024
Job Type	Full Time
Posted by	Habeebi Recruiter
last date to apply	apply within 15 days

Responsibilities of an Accounts Payable Accountant

1. Invoice Processing

The primary responsibility of an Accounts Payable Accountant is processing vendor invoices. This involves receiving, reviewing, and verifying invoices for accuracy, ensuring they are approved according to company policy, and coding them to the appropriate accounts. The accountant must ensure that all invoices are processed in a timely manner to avoid any late fees or penalties. Attention to detail is crucial to ensure that all invoice data, such as amounts, dates, and vendor information, is entered correctly into the financial system.

2. Payment Processing

Accounts Payable Accountants are responsible for ensuring that all payments to vendors are made accurately and on time. This includes scheduling payments, processing checks, electronic transfers, and other forms of payment, and reconciling payment records with bank statements. The accountant must also track payment deadlines and coordinate with the finance team to ensure that funds are available for scheduled disbursements. Proper payment management helps the company maintain good relationships with suppliers and avoid any disruptions in the supply chain.

3. Vendor Account Management

Managing relationships with vendors is another key responsibility of the Accounts Payable Accountant. This involves keeping accurate records of all transactions with vendors, responding to inquiries about payments, and resolving any discrepancies that arise. The accountant must also ensure that vendor accounts are reconciled regularly to prevent any disputes. Maintaining good communication and transparency with vendors is essential for smooth operations and long-term partnerships.

4. Expense Tracking and Reporting

Accounts Payable Accountants are responsible for tracking and recording all expenses related to vendor payments and other outgoing transactions. This includes categorizing expenses according to the company’s financial structure and ensuring that all entries are accurate for proper financial reporting. They prepare reports summarizing all accounts payable activities, including outstanding liabilities, payment status, and variances, which help management make informed decisions about the company’s financial health and cash flow.

5. Internal Controls and Compliance

Maintaining strong internal controls is a critical part of the Accounts Payable Accountant’s role. They must ensure that all payments are properly authorized and processed according to company policies and procedures. This includes verifying that the appropriate approvals are in place before issuing payments, performing audits to detect errors or fraud, and ensuring compliance with regulatory requirements such as tax laws and financial reporting standards. Ensuring compliance and maintaining accurate documentation are essential to minimizing financial risks.

6. Reconciliation of Accounts

A crucial part of the role involves reconciling accounts payable balances with the general ledger. This process ensures that all transactions have been accurately recorded and that any discrepancies are investigated and resolved promptly. Regular reconciliation helps in maintaining the integrity of the financial records and ensures that financial reports are accurate and complete.

7. Collaboration with Other Departments

Accounts Payable Accountants often collaborate with various departments, including procurement, finance, and operations, to ensure smooth processing of payments and alignment with the company’s financial objectives. They work closely with the purchasing department to verify the accuracy of purchase orders and match them with invoices. Effective communication and coordination with other teams help to ensure that the company’s payment processes run smoothly.

In summary, an Accounts Payable Accountant plays a critical role in managing a company’s financial obligations, ensuring accurate and timely payments to vendors while maintaining accurate records of all outgoing transactions. Their work ensures smooth cash flow management, compliance with financial regulations, and positive relationships with suppliers, all of which are vital to the company’s financial stability and operations.

How to apply:

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

Email: customercare@nahdi.sa

Telephone:  +920024673, +80062434