Accounts Payable Accountant

Position Overview

We are seeking a highly skilled and detail-oriented Accounts Payable Accountant to join our Finance team in Riyadh, Saudi Arabia. The ideal candidate will play a pivotal role in managing the full spectrum of accounts payable operations, ensuring the timely and accurate processing of vendor payments while maintaining strict compliance with Saudi VAT regulations and ZATCA requirements. This position is a full-time, on-site role that offers an opportunity to contribute to the financial integrity and operational efficiency of our organization.

Key Responsibilities

The successful candidate will be responsible for the following core functions:

• Invoice Processing and Verification: Accurately process and verify supplier invoices against purchase orders, contracts, and supporting documentation to ensure compliance with company policies and regulatory standards.
• ERP System Management: Perform precise coding and posting of invoices within the ERP system, ensuring seamless integration with financial records and operational workflows.
• Payment Coordination: Prepare and execute payment runs, coordinating with internal stakeholders to ensure timely and accurate vendor payments while optimizing cash flow management.
• Vendor Reconciliation: Reconcile vendor statements on a regular basis, promptly identifying and resolving discrepancies to maintain accurate financial records and strong vendor relationships.
• Month-End Closing Support: Assist in month-end closing activities, including AP reconciliations, accruals, and aging reports, to provide accurate financial insights and support audit readiness.
• Regulatory Compliance: Ensure full adherence to Saudi VAT regulations, ZATCA requirements, and internal financial controls, mitigating risks and ensuring audit compliance.
• Contract and Service Payment Review: Oversee recurring service and contract payments, verifying accuracy and alignment with contractual terms and budgetary allocations.
• Audit and Documentation Support: Provide comprehensive support for internal and external audits by maintaining complete and organized AP documentation, including invoices, payment records, and reconciliation reports.
• Process Improvement: Contribute to the enhancement of ERP systems and AP processes through proactive identification of inefficiencies and implementation of best practices to drive operational excellence.

Qualifications and Experience

To excel in this role, candidates must meet the following requirements:

• Education: Bachelor’s degree in Accounting, Finance, or a closely related field from a recognized institution.
• Professional Experience: Minimum of 3 to 5 years of hands-on experience in Accounts Payable, with a proven track record in managing high-volume transactions and complex vendor relationships.
• Industry Knowledge: Experience in one or more of the following sectors is highly desirable: Real Estate, Retail, Property Management, Mall Leasing, or Facilities Management.
• Technical Proficiency: Strong working knowledge of Saudi VAT and ZATCA regulations, coupled with experience in ERP systems such as Microsoft Dynamics 365, SAP, Yardi, or equivalent platforms.
• Analytical Skills: Exceptional attention to detail and analytical prowess, enabling accurate financial reporting, reconciliation, and problem resolution.
• Software Competency: Advanced proficiency in Microsoft Excel, with the ability to leverage data analysis tools to support financial decision-making.

Preferred Qualifications

While not mandatory, the following qualifications will be considered advantageous:

• Partially Qualified or Qualified CMA (Certified Management Accountant) certification.
• Experience working within multi-property or large-scale organizational structures, particularly in environments with diverse vendor portfolios.
• Demonstrated ability to manage high-volume vendor transactions efficiently while maintaining accuracy and compliance.

Core Competencies

The ideal candidate will possess the following skills and attributes:

• Expertise in Accounts Payable operations and vendor reconciliation processes.
• Proficiency in financial reporting, general ledger management, and VAT compliance.
• Strong understanding of financial controls and internal audit requirements.
• Technical agility with ERP systems and advanced Excel functionalities.
• Exceptional organizational skills and the ability to meet tight deadlines in a fast-paced environment.