Senior Specialist - Accounts Payable

Position Overview

Qiddiya Investment Company is seeking a highly skilled and experienced Senior Specialist - Accounts Payable to join our dynamic finance team in Riyadh. In this pivotal role, you will oversee the end-to-end management of accounts payable processes, ensuring accuracy, efficiency, and compliance with regulatory standards. The ideal candidate will possess a strong background in financial operations, exceptional attention to detail, and the ability to drive continuous improvement within the department.

Key Responsibilities

The Senior Specialist - Accounts Payable will be responsible for a wide range of critical functions, including:

• Invoice Processing and Verification: Accurately review, validate, and process vendor invoices, ensuring alignment with purchase orders, contracts, and company policies to prevent discrepancies and fraud.
• Payment Authorization and Execution: Collaborate with stakeholders to obtain necessary approvals, schedule timely payments, and maintain optimal cash flow while adhering to payment terms and internal controls.
• Vendor Management: Cultivate and maintain strong relationships with vendors, addressing inquiries, resolving disputes, and negotiating favorable payment terms to enhance operational efficiency.
• Reconciliation and Reporting: Conduct regular reconciliations of accounts payable records with general ledger entries, prepare detailed financial reports, and provide insights to management to support strategic decision-making.
• Compliance and Audit Support: Ensure strict adherence to accounting standards, tax regulations, and internal policies. Assist in internal and external audits by providing accurate documentation and resolving audit findings promptly.
• Process Optimization: Identify opportunities to streamline accounts payable workflows, implement best practices, and leverage technology to enhance productivity and reduce operational costs.
• Team Leadership and Mentorship: Supervise and mentor junior staff members, fostering a culture of accountability, professional development, and continuous learning within the team.

Qualifications and Skills

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

• Education: Bachelor’s degree in Accounting, Finance, Business Administration, or a related field. A professional certification such as CPA, ACCA, or CMA is highly desirable.
• Experience: Minimum of 7-10 years of progressive experience in accounts payable, with at least 3 years in a supervisory or leadership role. Experience within the real estate, construction, or investment sectors is a plus.
• Technical Proficiency: Advanced knowledge of ERP systems (e.g., SAP, Oracle), proficiency in Microsoft Office Suite (particularly Excel), and familiarity with automated accounts payable software.
• Analytical and Communication Skills: Strong analytical abilities to interpret financial data, coupled with excellent verbal and written communication skills to liaise effectively with internal and external stakeholders.
• Attention to Detail: A meticulous approach to work, with the ability to identify discrepancies and ensure the accuracy of financial records.
• Ethical Standards: Unwavering commitment to integrity, confidentiality, and ethical conduct in all financial operations.

Why Join Qiddiya Investment Company?

Qiddiya Investment Company is at the forefront of developing one of the world’s most ambitious entertainment, sports, and cultural destinations in Riyadh. As a key player in Saudi Arabia’s Vision 2030, we offer a unique opportunity to contribute to a groundbreaking project that will redefine the future of entertainment and leisure. Joining our team means being part of a forward-thinking organization that values innovation, collaboration, and excellence. We provide competitive compensation packages, professional growth opportunities, and a dynamic work environment where your contributions will have a lasting impact.