Senior Accountant

About the Role

Ultimate Peaks Talent & Strategy is seeking a Senior Accountant to manage the Accounts Receivable (AR) function for its global customer base. This full-time position is based in Riyadh, Riyadh, and is crucial for ensuring accurate and timely invoice delivery, effective collections, and strong cash flow, while minimizing bad debt risk. The role requires maintaining excellent customer relationships across multiple countries and time zones.

Key Responsibilities

• Perform comprehensive reviews of global customer aging balances and identify accounts exceeding contractual terms.
• Monitor aging, achieve Days Sales Outstanding (DSO) targets, and meet collection Key Performance Indicators (KPIs).
• Forecast short-term and long-term cash inflows and prepare management reports.
• Ensure invoice accuracy and compliance with local and international tax/VAT regulations, including timely delivery with customer-specific supporting documentation.
• Coordinate with customers and the Billing team regarding invoice and debit/credit note queries.
• Run a structured collections process in compliance with the company's Credit and Collection Policy, following up through official emails, phone calls, and virtual meetings.
• Track customer payments, follow up on overdue accounts, and ensure accurate payment application, account reconciliation, and periodic balance confirmations.
• Identify potential cash flow risks and implement mitigation plans, coordinating with Sales, Billing, and customers to accelerate collections.
• Negotiate payment plans with customers in default and resolve/escalate billing disputes in coordination with relevant departments.

Credit and Risk Management

• Assess the creditworthiness of new and existing global customers using financial information, trade references, and credit reports.
• Establish and maintain credit limits and payment terms in line with company policy and regional risk assessments.
• Monitor credit risk and flag high-risk accounts to Finance and Sales leadership.

Process and Compliance

• Define Standard Operating Procedures (SOPs), Service-Level Agreements (SLAs), and internal controls for AR processes, ensuring compliance.
• Maintain audit readiness through proper documentation, support internal and external audits, and implement corrective actions.

Reporting and Stakeholder Management

• Serve as the primary AR contact for key global customers, auditors, and senior Finance stakeholders.
• Prepare weekly, monthly, and quarterly AR reports covering aging, cash forecasts, bad debt provisions, and regional customer performance.
• Coordinate with Sales, Finance, and Treasury to improve working capital and cash flow predictability.

Qualifications and Experience

Candidates should possess 2-5 years of relevant experience in an accounting role, with a strong focus on Accounts Receivable functions. The ability to manage complex AR operations for an international customer base is essential.