The Role
Responsible for accounts payable and receivable operations including invoice processing, expenditure tracking, billings, reconciliations, month-end and year-end closing, preparing financial reports, ensuring compliance with IFRS and SOCPA, and coordinating payments with treasury and payroll.
Summary Generated by Built In
On behalf of clients, we are looking for Accounant
Job summary
The Accountant is responsible for carrying out
financial activities and operations related to Accounts Payables and
receivables including invoice processing, expenditure tracking, billings,
reconciliation, end-of-month closing, and submitting monthly, quarterly and
annual reports accordingly, while tracking any changes and reconciling them in
line with the International Financial Reporting Standards (IFRS) and the
standards issued by Saudi Organization for Certified Public Accountants
(SOCPA), as well as financial and accounting policies & procedures.
Responsibilies:
- Preparing relevant accounting entries for different transactions related to the corporate’s accounts payables and receivables, including billings, reconciliation, as well as recording such entries in the in-house accounting systems properly and accurately in compliance with related policies and standards.
- Preparing periodic account payable financial reports and data, while ensuring adherence to the corporate’s adopted policies and standards.
- Assisting in the preparation of Adeed’s monthly financial statements related to accounts payables, including balance sheets, income statements and cash flow statements by collecting financial data, investigating variances, making relevant calculations and others, and submitting reports accordingly.
- Assisting in the tracking of payments based upon their priorities and coordinating with Adeed’s treasury function to ensure the availability of cash required to cover them in a timely manner.
- Handling reconciliation process of accounts payables, as well as handling entries and transactions related to assigned account reconciliations, in addition to recording and settling any discrepancies found and reporting the results to the direct supervisor.
- Updating account balances on a regular basis and coordinating with general ledger function to export the registered balances in the subsidiary systems.
- Collaborating with Adeed’s payroll function to complete the process of paying employees’ monthly salaries, bonuses, allowances and other benefits and ensuring that they are properly accounted for in the relevant financial system.
- Assisting in accounts payables month-end and year-end closing activities through the provision of required financial data and documents, in addition to providing consolidated documents of all AP invoices and ensuring their booking to the right accounts.
Requirements
- Bachelor of Business Administration, Accounting, Finance, or another related field.
- Practical experience in Accounting or Finance 1 – 3 years.
Skills Required
- Bachelor of Business Administration, Accounting, Finance, or related field
- Practical experience in Accounting or Finance (1-3 years)
- Experience with accounts payable and accounts receivable, invoice processing, billings, reconciliations, and month-end/year-end closing
- Knowledge of International Financial Reporting Standards (IFRS) and Saudi Organization for Certified Public Accountants (SOCPA) standards
- Experience using accounting systems and coordinating with treasury and payroll functions
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The Company
What We Do
Areeb is a specialized provider of comprehensive human resources solutions in Saudi Arabia. The company focuses on bridging the gap between job seekers and organizations through services such as staffing, executive search, and HR process outsourcing. Committed to empowering Saudi human capital, Areeb aims to improve the quality of human resources solutions while adhering to the objectives of the Saudi 2030 Vision.
