Finance Specialist

About the Role

Oivan is seeking a Finance Specialist to join their team in Riyadh, Saudi Arabia. This full-time role is responsible for accounting and reporting across several legal entities within the Oivan Group, managing monthly closing processes, and ensuring timely financial reporting. The position requires 0-1 years of experience.

Key Responsibilities

The Finance Specialist will manage the monthly month-end closing process, ensuring quality and timely reporting of financial results, account reconciliation, and key control performance. Annual responsibilities include supporting the preparation of local financial statements and coordinating with auditors. The role also encompasses finance activities within the Order-to-Cash (OTC) and Purchase-to-Pay (PTP) domains.

Order-to-Cash (OTC) Duties

• Handling bank statement postings and allocation of incoming payments.
• Managing customer refunds and reconciliations.
• Securing company cash flow through collection activities, aging reporting, and bad debt handling.
• Liaising with key Oivan customers and analyzing project POs, contracts, and deliveries.
• Communicating with customers during the delivery process, monitoring agreed settlements, and following up on invoices.
• Maintaining records of the collection process.

Purchase-to-Pay (PTP) Duties

• Processing purchase invoices and managing payments.
• Handling queries and escalations, and maintaining Accounts Payable.
• Performing month-end closing activities, including accruals, reconciliations, and internal controls.
• Supporting vendor master data maintenance and the local travel & expense process, including claims, credit card, and corporate travel account administration.
• Ensuring master data (vendors, customers, and employees) for the entity is correct and up-to-date in Oivan financial systems.

Collaboration and Process Improvement

The Finance Specialist will collaborate with other members of the Oivan finance team, business stakeholders, and internal teams. This role involves continuously improving and enhancing local accounting and reporting processes. The specialist is expected to adapt to new processes and tools, resolve problems efficiently, and optimize systems and ways of working. Participation in various finance development projects is also included.

Required Skills and Experience

• 0-1 years of relevant experience.
• Strong Excel skills.
• Ability to optimize finance systems and continuously improve daily activities.
• Capability to quickly adapt to new processes and tools.