Accounts Receivable Specialist

About the Role

Middle East Specialized Cables (MESC) is seeking an Accounts Receivable Specialist to join their team in Riyadh, Saudi Arabia. This full-time role involves managing customer accounts, invoicing, collections, cash applications, and account reconciliations. The specialist will ensure accurate financial transactions and compliance with company policies and accounting standards.

Key Responsibilities

• Prepare, review, and process customer invoices, credit notes, debit notes, and other billing documents.
• Maintain accurate customer account balances and AR records within SAP.
• Monitor customer payments and ensure timely allocation of receipts against outstanding invoices.
• Perform customer account reconciliations and resolve discrepancies.
• Manage customer statements and respond to billing and payment inquiries.
• Follow up with customers regarding overdue invoices and outstanding balances.
• Coordinate with sales, customer service, and other departments to resolve collection disputes.
• Prepare monthly AR reports, collection reports, and overdue balance analysis.
• Reconcile AR subledger balances with the general ledger and support month-end and year-end closing activities.

SAP ERP Operations

• Utilize SAP FI-AR for customer master data, invoicing, incoming payments, and account clearing.
• Process and monitor customer transactions using relevant SAP reports and standard transaction codes.
• Perform customer open-item analysis, account clearing, and aging reviews.
• Generate AR aging reports, customer balances, and outstanding invoice reports from SAP.
• Investigate posting errors, payment discrepancies, and customer account issues.
• Ensure accurate transaction posting and compliance with SAP authorization and internal control requirements.

Compliance and Process Improvement

• Adhere to company accounting policies, internal controls, and applicable IFRS requirements.
• Maintain complete documentation for invoices, receipts, reconciliations, and adjustments.
• Identify opportunities to improve billing accuracy, collection efficiency, and SAP reporting.
• Ensure compliance with applicable tax and e-invoicing requirements.

Qualifications and Experience

• 2-5 years of experience in Accounts Receivable or a similar financial accounting role.
• Hands-on experience with SAP ERP, specifically SAP FI-AR.
• Strong understanding of accounting principles and standards.
• Proficiency in managing customer accounts, invoicing, and collections.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, within a specialized cables manufacturing company. The role requires collaboration with various internal departments to ensure efficient financial operations.