Payment Accountant Jobs in Riyadh

• Prepare monthly, quarterly, and annual financial statements.
• Assist in the preparation of budgets and financial forecasts.
• Analyze financial discrepancies and recommend effective resolutions.
• Manage all accounting transactions, including Accounts Payable (AP) and Accounts Receivable (AR).
• Reconcile accounts, ledgers, and reports.
• Ensure timely bank payments and perform bank reconciliations.
• Ensure compliance with financial policies and regulations.
• Assist in the preparation of tax returns and ensure timely filing.
• Coordinate with external auditors and provide necessary documentation for audits.
• Maintain and update financial databases and systems.
• Ensure the integrity and accuracy of financial data.
• Implement and manage internal controls.
• Conduct financial analysis to support business decisions.
• Provide insights on cost reduction, revenue enhancement, and profit maximization.
• Assist with payroll administration.
• Support month-end and year-end close processes.

• Bachelor's or Diploma degree in Accounting or related field.
• Good communication and interpersonal skills.
• Proficiency in Microsoft Office.
• Strong organizational and coordination abilities.
• English proficiency is preferred.
• Eligible for Tamheer Program.

• Review financial statements.
• Prepare reports for the Chief Executive Officer.
• Ensure compliance with relevant laws and regulations.
• Develop and implement internal accounting policies and procedures.
• Meet financial accounting objectives.
• Establish and maintain fiscal files and records to document transactions.
• Achieve operational objectives.

• Bachelor's degree in Accounting.
• GPA: Preferably not less than out of 5 or out of 4.
• Experience: 0 - 1 years.
• Knowledge of Google Workspace and Odoo.
• Proficient in English.
• Strong analytical skills.
• Flexibility.

• Full-time position.
• Working hours: 9:00 AM to 5:00 PM.
• 30 days of annual leave.

• Maintain and reconcile general ledger accounts.
• Prepare monthly, quarterly, and annual financial statements and reports.
• Manage accounts payable and accounts receivable processes.
• Perform bank, supplier, and customer account reconciliations.
• Prepare and post journal entries, accruals, and adjustments.
• Assist in month-end and year-end closing activities.
• Monitor cash flow and support budgeting and forecasting processes.
• Ensure compliance with accounting standards, company policies, and tax regulations.
• Prepare VAT/tax returns and support tax audits where applicable.
• Coordinate with external auditors and provide required documentation.
• Analyze financial data and identify discrepancies or areas for improvement.
• Maintain accurate accounting records and supporting documentation.
• Assist management with financial analysis and reporting requirements.

• Bachelor’s degree in accounting, Finance, or a related field.
• 4–6 years of experience in accounting or finance roles.
• Strong knowledge of accounting principles and financial reporting.
• Experience with ERP systems.
• Advanced proficiency in Microsoft Excel.
• Knowledge of VAT, taxation, and statutory compliance requirements.
• Professional certifications (CPA, CMA, ACCA, SOCPA, or equivalent) are preferred.

• Recording daily accounting entries
• Matching bank accounts and financial settlements
• Preparing monthly and annual financial reports
• Reviewing invoices, payments, and expenses
• Contributing to the preparation of budgets and financial reports
• Safeguarding and organizing financial records accurately

• Bachelor's degree in Accounting or Finance
• Experience of 0-3 years
• Good analytical and organizational skills
• Proficiency in using Excel and accounting systems

About the Role

Trading and Development Partnership is seeking a detail-oriented Accountant to join their team in Riyadh, Saudi Arabia. This full-time position focuses on managing banking operations, ensuring accurate financial record-keeping, and supporting the company's treasury functions. The successful candidate will play a key role in executing payments, reconciling bank accounts, and coordinating statutory requirements with financial institutions.

Key Responsibilities

• Define payment execution banks and funds receipts in collaboration with the Treasury Operations Manager for various projects and departments.
• Develop a comprehensive banks payment plan for vendor payments, subject to approval by the Treasury Operations Manager.
• Execute approved supplier payments through internet banking or manual forms.
• Obtain and circulate payment receipts internally or to vendors as required.
• Manage the application process for Letters of Guarantee (LGs) and Letters of Credit (LCs) with banks and relevant stakeholders.
• Ensure sufficient funds are available for loan installment payments and interest charges.
• Review bank statements for installments and interest charges against treasury reports.
• Update loan reports based on actual figures from bank statements and circulate monthly updated reports.
• Request and download bank account statements from banks or banking portals.
• Perform bank reconciliations, identify variances, and make necessary adjustments to records.
• Create monthly closing journal entries for bank expenses, foreign exchange differences, interest expenses, and loan installments.
• Communicate bank reconciliation variances and open items to the Treasury Operations Manager.
• Implement system adjustments based on any reconciliation variations.
• Manage cheque book activities, including processing cheque book requests, maintaining a cheque book register, and liaising with the bank.
• Notify the Treasury Operations Manager and relevant teams (AR, Projects, client-facing departments) in case of customer cheque rejection.
• Handle communication with the bank for opening and closing bank accounts.
• Provide financial and non-financial documents to the bank as requested.
• Prepare documentation and breakdowns for the GL team regarding periodic financial position, for external auditors for annual financial statements, or for tax advisors for tax reporting and inspection.
• Generate monthly Bank Reconciliation Reports, Loan Utilization Reports using actual figures, and daily Bank Position Reports for review by the Treasury Operations Manager.
• Generate ad-hoc Banks commission reports and identify potential savings opportunities.
• Comply with the sections' documented policies and procedures.

Qualifications and Requirements

• Bachelor's degree in Accounting or Finance.
• 2-5 years of experience in accounting, preferably within the same industry.
• Valid membership with the Saudi Organization for Chartered and Professional Accountants (SOCPA).

Required Skills

• Strong knowledge of ERP systems, with a preference for Oracle Fusion, SAP, and/or MS Dynamics.
• Advanced Microsoft Office skills.
• High accuracy and attention to detail.
• Good analytical and organizational capabilities.
• Solid understanding of Generally Accepted Accounting Principles (GAAP) and/or International Financial Reporting Standards (IFRS).
• Good command of spoken and written English.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia.

About the Role

MEMF Electrical Industries Co., the industrial arm of KFB Holding Group, is seeking a motivated Accountant to join their team in Riyadh, Saudi Arabia. This role is crucial in supporting the company's mission to provide locally engineered, high-quality electrical products for Saudi Arabia's power infrastructure. MEMF operates advanced manufacturing facilities, producing a diverse range of solutions including smart energy meters, circuit breakers, instrument transformers, switchgear, distribution and power transformers, and FRP meter boxes. The company prides itself on internationally type-tested products, strong engineering expertise, and certified quality systems (ISO 9001 & ISO 45001).

This position offers an opportunity for a fresh graduate or an individual with up to one year of experience to develop their career within the accounting profession. The Accountant will play a supportive role in various financial operations, contributing to the accuracy and efficiency of the finance department.

Key Responsibilities

• Assist in the accurate recording and maintenance of daily financial transactions.
• Prepare and process essential financial documents including journal entries, invoices, payments, and receipts.
• Support the timely execution of monthly, quarterly, and annual financial closing activities.
• Perform reconciliations for bank statements and general ledger accounts to ensure accuracy.
• Assist in the preparation of comprehensive financial reports and management reports.
• Maintain financial records and ensure proper documentation is kept up-to-date.
• Provide support for both accounts payable and accounts receivable processes.
• Ensure adherence to company policies and accounting procedures.
• Coordinate with various internal departments on financial and accounting matters.
• Assist in fulfilling audit requirements and conducting financial data analysis.

Qualifications and Requirements

• A Bachelor's degree in Accounting is required.
• Candidates should be a fresh graduate or possess up to 1 year of relevant experience.
• Must be registered with the Saudi Organization for Chartered and Professional Accountants (SOCPA).
• Fluency in English, both written and spoken, is essential.
• Strong communication and interpersonal skills are necessary for effective collaboration.
• A solid understanding of accounting principles and financial reporting standards is expected.
• Proficiency in Microsoft Excel and other Microsoft Office applications is required.
• Demonstrated strong analytical skills and attention to detail are important for this role.
• The ability to work effectively within a team environment is crucial.
• A strong eagerness to learn and grow within the accounting profession is highly valued.

Required Skills

• Proficiency in Microsoft Excel and Microsoft Office applications.
• Knowledge of accounting principles and financial reporting.
• Strong analytical skills and attention to detail.
• Effective teamwork and collaboration abilities.
• A proactive eagerness to learn and develop professionally.
• Excellent communication and interpersonal skills.

Work Environment and Location

This is a full-time position based in Riyadh, Saudi Arabia. MEMF Electrical Industries Co. provides a professional and supportive work environment.

Job Title: General Accountant

Location: Riyadh

Job Description:

The company announces the availability of a job vacancy titled General Accountant to join the team. The candidate will be responsible for executing daily accounting operations, ensuring the accuracy of financial records, and contributing to the preparation of financial reports in accordance with approved policies and procedures.

Tasks and Responsibilities:

• Recording daily accounting entries.
• Preparing and reviewing bank reconciliations.
• Following up on customer and supplier accounts and reconciling balances.
• Preparing monthly and periodic financial reports.
• Contributing to the preparation of financial statements and monthly/annual closing operations.
• Reviewing financial documents and ensuring their accuracy.
• Coordinating with various departments regarding financial transactions.
• Supporting internal and external audit activities.
• Performing any other tasks related to the nature of the work.

Qualifications and Requirements:

• Bachelor's degree in Accounting or equivalent.
• 0 to 3 years of experience in accounting.
• Proficiency in Microsoft Office applications, especially Excel.
• Familiarity with accounting systems and software is preferred.
• Analytical skills, accuracy in work, and the ability to take responsibility.
• Ability to work in a team and manage time efficiently.

Job Title:

General Accountant

Required Skills:

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• Mastering the preparation and recording of daily accounting entries.
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• Previous practical experience in a real estate company or contracting company.
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• Good knowledge of tax systems:
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• Value Added Tax (VAT).
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• Real estate recovery tax.
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• Real estate transaction tax.
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• Zakat.
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• Ability to calculate and analyze costs.
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• Mastering the use of accounting software such as: entries and DRP Systems.
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• Skill in preparing financial and accounting reports.
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• Good skills in dealing with suppliers and customers.
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📢 Job Vacancy | Accountant

We are looking for an accountant to join our team.

Requirements:

• Saudi nationality.

• Recent graduate or with 1-2 years of experience.

• Previous experience in the restaurant sector is preferred.

• Bachelor's degree in Accounting or a related field.

• Proficiency in using Microsoft Office programs and accounting systems.