Accounts Receivable Accountant

Join Our Finance Team as an Accounts Receivable Accountant at Americana Restaurants

At Americana Restaurants, we are proud to operate an extensive network of over 766 restaurants across the Kingdom, representing globally renowned brands such as KFC, Hardee’s, Pizza Hut, Krispy Kreme, TGI Fridays, and Peet’s Coffee. As a leading force in the food and beverage industry, we are committed to fostering growth and excellence through our talented team. We are now seeking a highly motivated Saudi national to join our Finance team as an Accounts Receivable Accountant at our Riyadh Head Office, contributing to our mission of operational efficiency and financial integrity.

In this dynamic role, you will play a pivotal part in ensuring seamless financial operations, maintaining accurate records, and driving collections across our diverse portfolio of restaurants. This position offers an excellent opportunity to develop your expertise in accounts receivable, reconciliation, and financial reporting while aligning with our strategic goals and supporting the broader vision of Saudi Vision 2030.

Key Responsibilities

Your role will encompass a wide range of critical responsibilities, ensuring the financial health and compliance of our operations:

• Sales and Cash Collection Monitoring: Oversee daily restaurant sales and meticulously track cash deposits to guarantee accuracy and timeliness. Reconcile card and payment network settlements against bank statements, identifying and resolving variances between recorded sales and deposited amounts. Generate comprehensive daily, weekly, and monthly cash receipt reports to support decision-making and financial oversight.
• Aggregators and Corporate Accounts Management: Reconcile payments from delivery aggregators against invoices, addressing discrepancies and ensuring accurate commission calculations. Manage corporate accounts and contracts, issuing invoices on schedule while proactively following up on overdue balances. Engage with customers to accelerate collections and maintain strong vendor relationships.
• Reconciliation and Month-End Close: Reconcile the Accounts Receivable sub-ledger to the general ledger, resolving any variances to maintain financial accuracy. Prepare and analyze the AR aging report, identifying and addressing delinquent accounts. Provide critical support during month-end close processes, ensuring timely and accurate data and reporting. Maintain meticulous records to support both internal and external audits, adhering to accounting policies, VAT regulations, and company controls.
• Internal Stakeholder Coordination: Foster ongoing collaboration with key departments, including Operations, Treasury, Sales, IT, Internal Audit, and Finance. Work closely with store managers to resolve deposit exceptions and cash variances, ensuring smooth financial operations across all locations.

Qualifications and Experience

To excel in this role, you will bring a blend of academic qualifications, practical experience, and a strong set of skills:

• A Bachelor’s degree in Accounting, Finance, Commerce, or Business Administration, with a focus on financial management or related fields.
• 1-3 years of relevant experience in accounts receivable, collections, or financial reconciliation, preferably within the food service or hospitality industry.
• In-depth knowledge of Accounts Receivable processes, collections strategies, and bank reconciliation techniques.
• Proficiency in Microsoft Excel and experience with ERP systems, with a preference for Oracle.
• A solid understanding of internal controls and audit requirements, ensuring compliance with regulatory standards.
• A professional certification (e.g., CPA, ACCA, or similar) is highly advantageous.

Essential Skills

We are seeking a detail-oriented professional who excels in:

• Analytical thinking and problem-solving to address financial discrepancies and optimize processes.
• Effective communication and negotiation skills to manage collections and collaborate with internal and external stakeholders.
• Attention to detail to ensure accuracy in financial reporting and reconciliation.
• The ability to work under tight deadlines while maintaining high standards of integrity and ownership.
• Adaptability and resilience to thrive in a fast-paced, dynamic environment.

This opportunity is exclusively available to Saudi nationals, reflecting our commitment to nurturing local talent and contributing to the economic growth and diversification outlined in Saudi Vision 2030. If you are passionate about finance, eager to grow within a leading organization, and ready to make a meaningful impact, we invite you to apply and be part of our journey toward excellence.