Senior Accountant, Accounts Receivable

Position Overview

We are seeking a highly skilled and detail-oriented Senior Accountant, Accounts Receivable to join our dynamic finance team. In this critical role, you will play a pivotal part in ensuring the accuracy and efficiency of our invoicing, payment processing, and account reconciliation processes. Your expertise will be instrumental in maintaining precise financial records, resolving billing discrepancies, and fostering strong relationships with internal stakeholders to optimize cash flow and operational performance.

Key Responsibilities

The Senior Accountant, Accounts Receivable will be responsible for the following core functions:

• Invoicing and Payment Processing:
  • Prepare and issue accurate and timely customer invoices in accordance with company policies and regulatory standards.
  • Apply incoming payments to customer accounts with meticulous attention to detail to ensure proper allocation and documentation.
  • Verify that all transactions are accurately recorded, reconciled, and compliant with financial reporting requirements.
• Accounts Monitoring and Collections:
  • Proactively monitor customer accounts to identify non-payment, delayed payments, or irregularities that may impact cash flow.
  • Conduct collection activities through professional communication via phone, email, or other channels to resolve outstanding balances.
  • Collaborate with internal teams to address payment delays and implement strategies to mitigate future discrepancies.
• Account Reconciliation and Reporting:
  • Reconcile the accounts receivable ledger to ensure all payments are accurately recorded and posted in the general ledger.
  • Support the month-end closing process by preparing comprehensive AR reports, summaries, and variance analyses for management review.
  • Identify trends or anomalies in accounts receivable data and recommend corrective actions to improve financial health.
• Customer Service and Dispute Resolution:
  • Assist in resolving billing discrepancies and customer inquiries in a timely and professional manner to maintain strong client relationships.
  • Serve as a liaison between customers, sales, and customer service teams to address account-related issues and ensure customer satisfaction.
• Documentation and Cross-Functional Collaboration:
  • Maintain organized, up-to-date financial records, documentation, and supporting files in compliance with internal and external audit requirements.
  • Collaborate with sales, customer service, and other departments to resolve client account issues and streamline financial processes.

Role Accountability and Competencies

The ideal candidate will demonstrate proficiency in the following areas:

• Professional Development: Commit to continuous learning and skill enhancement to stay current with industry best practices, accounting standards, and technological advancements in financial management.
• Operational Excellence: Deliver high-quality results by meeting operational and development targets within specified timelines, optimizing resource utilization, and maintaining cost efficiency.
• Problem-Solving: Analyze complex financial issues, propose effective solutions, and escalate critical operational challenges to senior management as needed to ensure business continuity.
• Quality Assurance: Uphold rigorous quality standards in financial processes, including adherence to specifications, accuracy in reporting, and implementation of robust internal controls.
• Process Improvement: Identify opportunities to enhance efficiency by refining written systems, policies, and procedures, and advocating for automation where feasible to reduce manual effort and minimize errors.
• Compliance and Governance: Ensure strict adherence to company policies, procedures, and regulatory requirements, including health, safety, and environmental management standards within the scope of your responsibilities.

Qualifications and Experience

To qualify for this role, candidates must meet the following criteria:

• Education: Bachelor’s degree in Accounting, Finance, or a related field from an accredited institution.
• Experience: Minimum of 4 to 6 years of progressive experience in accounts receivable, invoicing, or a similar financial role, with a proven track record of managing complex accounts and collections.
• Technical Competencies:
  • Proficiency in document management systems and general inventory management.
  • Strong expertise in invoice processing and accounts receivable (AR) management, including familiarity with ERP systems and accounting software.

About Alfanar

Alfanar is a leading Saudi-based multinational company with a diverse portfolio spanning electrical products, energy solutions, oil and gas, water treatment, infrastructure, technical services, and digital solutions. Our state-of-the-art manufacturing complex in Medinet alfanar Alsinaiya, Riyadh, spans 700,000 square meters and is equipped with cutting-edge technology and staffed by a team of highly skilled professionals.

At Alfanar, we are committed to delivering the highest quality standards to our customers while fostering a culture of innovation, collaboration, and continuous development. We recognize our employees as our most valuable asset and are dedicated to creating a proactive work environment where individuals are empowered to contribute, grow, and take pride in their work.