Senior Accounts Receivable Accountant

About the Role

Aon is seeking a Senior Accounts Receivable Accountant to join their team in Riyadh, Saudi Arabia. This full-time role is responsible for the comprehensive management of the accounts receivable process, ensuring accurate recording, timely collections, proper cash allocation, and effective management of aged debt. The position involves close collaboration with Finance, Business, Operations, and clients to resolve outstanding balances and enhance working capital performance.

Key Responsibilities

• Manage and monitor the Accounts Receivable ledger, ensuring customer balances are accurate and current.
• Perform regular reconciliation of customer accounts and investigate discrepancies.
• Review outstanding receivables and ensure appropriate follow-up actions are taken.
• Resolve complex AR-related issues in coordination with internal stakeholders and customers.
• Ensure AR transactions, adjustments, credit notes, and write-offs are properly supported and recorded.
• Monitor customer aging and actively follow up on overdue balances.
• Prepare and review AR aging reports, identifying high-risk or significantly overdue accounts.
• Coordinate with business teams and customers to resolve collection issues and disputes.
• Maintain clear action plans for overdue balances and escalate critical items as required.
• Ensure incoming customer payments are identified and accurately allocated against outstanding invoices.
• Monitor unidentified and unallocated cash, ensuring timely resolution.
• Reconcile customer receipts with bank transactions and accounting records.
• Coordinate with relevant teams to ensure timely and accurate customer invoicing.
• Investigate billing discrepancies and support correction of invoices where necessary.
• Perform AR-related month-end and quarter-end closing activities.
• Prepare AR reconciliations, aging reports, and supporting schedules.
• Ensure AR balances are reconciled to the General Ledger.
• Provide explanations for significant movements and aged balances.
• Support bad debt and expected credit loss assessments by providing accurate aging and collection information.
• Ensure AR activities comply with company accounting policies and internal control requirements.
• Maintain complete supporting documentation and audit trails.
• Support internal and external audits by providing AR schedules and supporting documents.
• Identify control gaps and recommend process improvements.
• Work closely with Finance, Business, Operations, Treasury, and other relevant teams.
• Maintain professional communication with customers regarding outstanding balances, invoices, and payments.
• Provide regular updates to management on significant overdue balances and collection risks.
• Support and guide junior AR team members when required.

Qualifications and Experience

• A minimum of 5 to 10 years of experience in an Accounts Receivable role.
• Demonstrated ability to manage end-to-end accounts receivable processes.
• Strong understanding of financial controls and compliance.
• Experience with cash application, reconciliation, and month-end closing procedures.
• Proficiency in preparing and analyzing AR aging reports.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia. The role operates within a collaborative environment, working with various internal stakeholders and clients. Aon provides a comprehensive benefits package designed to support professional development, performance, and well-being. This role is subject to local labor laws and regulations in the Kingdom of Saudi Arabia.