Senior Payments Accountant

About the Role

REEF Group is seeking a Senior Payments Accountant to manage and review the company's payment operations. This full-time position, based in Riyadh, Saudi Arabia, is responsible for ensuring the accuracy and compliance of all payment transactions, aligning them with internal policies and financial controls. The role is critical for maintaining efficient cash flow and minimizing financial discrepancies within the organization.

Key Responsibilities

• Review invoices and supporting documents for payment transactions to ensure completeness and compliance with contracts and approved financial policies.
• Prepare and review payment orders, verifying financial data accuracy prior to approval based on delegated authority.
• Process supplier and vendor payments, monitoring due dates to ensure timely settlement.
• Accurately record all payment transactions in the financial system and ensure correct accounting entries.
• Review operating and capital expenditures to ensure proper classification and allocation to the correct cost centers.
• Prepare and review accounts payable reconciliations, monitor open balances, and resolve discrepancies in coordination with relevant departments.
• Coordinate with the treasury function to ensure sufficient liquidity is available before executing scheduled payments.
• Monitor advance payments and pending settlements to ensure timely closure and reconciliation.
• Prepare periodic reports on payments, including overdue payments analysis and recommendations for improvement.
• Communicate with vendors to resolve payment inquiries, discrepancies, and outstanding claims.
• Support month-end and year-end closing activities through payment schedules and reconciliations.
• Ensure compliance with internal financial controls and contribute to improving payment process efficiency.
• Participate in the automation and enhancement of accounts payable processes to improve data quality and reduce operational errors.

Team and Impact

The Senior Payments Accountant will join a collaborative finance team, playing a key role in ensuring accurate and efficient financial operations. This position contributes to strengthening internal controls and supports the company’s commitment to financial excellence and operational efficiency.