Accounts Receivable (AR) Accountant📣 Job Ad

About the Role

Five Moons Company, a Saudi provider of facility management and maintenance services established in 1992, is seeking an Accounts Receivable (AR) Accountant to join its team in Jeddah. This full-time position is integral to maintaining the company's financial health through effective customer invoicing, collections, and accurate record-keeping of receivables. The AR Accountant will collaborate with various departments to optimize cash flow and reduce outstanding payments.

The role involves end-to-end management of accounts receivable, from invoice issuance to account reconciliation and reporting on collection status. A proactive approach to collections, combined with a strong understanding of accounting principles and Saudi VAT regulations, is essential.

Key Responsibilities

• Prepare and issue customer invoices accurately, adhering to contract terms and approved billing schedules.
• Monitor customer accounts and follow up on outstanding payments to ensure timely collection.
• Reconcile customer statements to identify and resolve billing discrepancies.
• Maintain comprehensive and accurate accounts receivable records, ensuring all supporting documentation is in order.
• Prepare aging reports and provide regular, clear updates on collection status to management.
• Coordinate with clients to discuss payment schedules, outstanding invoices, and account balances.
• Record incoming receipts and accurately allocate collections against respective customer accounts.
• Support month-end and year-end closing activities related to the accounts receivable function.
• Assist in developing cash flow forecasts and collection planning strategies.
• Ensure strict compliance with company policies, relevant accounting standards, and Saudi VAT requirements.
• Support internal and external audits by providing necessary documentation and information related to accounts receivable.

Qualifications and Experience

• Bachelor's Degree in Accounting, Finance, or a closely related field.
• A minimum of 3 to 5 years of progressive experience in Accounts Receivable, Credit Control, or General Accounting.
• Experience within the Facility Management, Maintenance, Contracting, or Service Industries is highly preferred.
• Solid understanding of Saudi VAT regulations and local accounting practices.
• Proficiency in using ERP systems and advanced skills in Microsoft Excel.
• Strong analytical capabilities to assess financial data and identify trends.
• Excellent communication skills for effective interaction with clients and internal teams.
• Proven negotiation skills to manage payment discussions and resolve disputes.
• Demonstrated ability to manage multiple customer accounts simultaneously and meet collection targets.

Required Skills

• Accounts Receivable
• Credit Control
• General Accounting
• Saudi VAT Regulations
• ERP Systems
• Microsoft Excel
• Analytical Skills
• Communication Skills
• Negotiation Skills
• Reconciliation and Reporting Capabilities
• Attention to Detail
• Organizational Skills

Work Environment and Details

This is a full-time position based in Jeddah, Makkah, Saudi Arabia. The Accounts Receivable (AR) Accountant will report to the Finance Manager or Chief Accountant. Experience handling government, corporate, and facility management clients is beneficial, as is the ability to work independently and maintain professional client relationships.