Accounts Receivable Supervisor

About Reef Holding and the Role

Reef Holding is a rapidly expanding Saudi group with operations in fragrance, beauty, fashion, and retail, maintaining a growing regional and international presence. The company is seeking an Accounts Receivable Section Head to manage receivables, collections, reconciliations, and revenue-related financial controls. This full-time position is based in Riyadh and requires an individual with 5-10 years of experience in a complex, diversified business environment.

Key Responsibilities

• Lead all Accounts Receivable activities across the Group, managing customer balances, invoices, receipts, collections, and outstanding receivables.
• Ensure timely collection of outstanding amounts and reduce overdue balances, monitoring receivables aging and developing collection plans.
• Coordinate with various departments (Sales, Commercial, E-commerce, Retail Operations) to resolve outstanding balances and collection issues.
• Manage receivables and settlements across B2B, B2C, retail, online, offline, and e-commerce channels, including reconciliation of sales and collections from physical stores, corporate clients, and digital platforms.
• Reconcile e-commerce transactions, payment gateway settlements, and marketplace transactions, ensuring accurate reflection in the financial system.
• Lead customer account reconciliations, review bank receipts, and manage unallocated receipts, unidentified payments, and disputed balances.
• Maintain strong controls over receivables, collections, settlements, and cash application, identifying and addressing control gaps.
• Prepare and review Accounts Receivable aging reports, monitor overdue balances, and support the development of credit control policies.
• Support monthly, quarterly, and annual financial closing activities, ensuring accurate AR balances and preparing comprehensive AR reports.
• Review and improve Accounts Receivable processes, supporting automation of reconciliation and settlement activities.
• Lead, coach, and develop the Accounts Receivable team, allocating responsibilities and monitoring performance against KPIs.

Required Qualifications and Experience

• 5-10 years of practical experience in managing accounts receivable and collections.
• Demonstrated experience in managing receivables from B2B, B2C, retail stores, online sales, offline sales, corporate, and wholesale customers.
• Ability to manage high transaction volumes, complex reconciliations, customer balances, payment collections, and month-end closing.
• Experience in a multi-channel retail or consumer business, understanding receivables generated through physical stores, corporate clients, e-commerce platforms, payment gateways, and marketplaces.

Skills and Attributes

• Strong financial control capabilities and attention to accurate reporting.
• Proficiency in investigating and resolving discrepancies between sales systems, payment platforms, bank statements, and ERP records.
• Ability to analyze receivable trends and identify opportunities for working capital and cash flow improvement.
• Leadership skills to guide and develop a team, establish KPIs, and ensure accountability.

Work Environment

This role operates within a fast-growing and diversified retail group, requiring management of receivables across multiple sales channels. The position supports internal and external audit requirements related to receivables and revenue.

Application

Candidates who meet the specified requirements are encouraged to apply for this position.