Senior Specialist Accounts Receivable

About Ardara and the Opportunity

Ardara is seeking a Senior Specialist Accounts Receivable to join its team in Riyadh. This full-time role is central to maintaining financial accuracy and ensuring the timely collection of client dues, supporting Ardara's financial health and operational efficiency.

Role Purpose and Objectives

The primary objective of this position is to ensure the accuracy of accounts receivable accounting, facilitating Ardara's timely collection of dues from clients. The Senior Specialist will play a key role in supporting the implementation of the credit and collections policy, thereby enhancing control over receivables and optimizing cash flow.

Key Responsibilities

• Issue client invoices accurately and punctually, adhering to Ardara’s accounting policies and procedures.
• Present invoices for review and approval by the line manager before issuance to clients.
• Apply Ardara’s revenue recognition policy and financial standards when booking client invoices.
• Ensure precise recording of client invoices in the ERP system, correctly coding revenue to appropriate accounts, projects, and client accounts.
• Follow up and liaise with clients to ensure timely receipt of receivables and collections.
• Perform daily bank account checks to reconcile received payments and record them accurately in the ERP system.
• Verify that bank, sales ledger, and customer account reconciliation entries are posted correctly and promptly.
• Prepare and continuously update the Receivables Aging report, detailing anticipated revenue per client, project, or revenue account.
• Report and escalate overdue client invoices that do not conform to approved payment terms.
• Coordinate with clients to perform accounts receivable reconciliations, ensuring client accounts are current regarding invoices, payments, and credit/debit instructions.
• Record, account for, and monitor payments due from employees (*, salary advances, staff loans, cash advances), preparing necessary entries and coordinating with the P&C department for recoveries/adjustments.

Required Qualifications and Experience

• Bachelor’s degree in Finance and Accounting, Business Administration, or an equivalent field from a recognized and accredited university.
• A relevant Professional Qualification (ACCA, CPA, SOCPA, CMA) is considered an advantage.
• A minimum of 5+ years of professional experience in Accounting or Finance, preferably within a fast-paced and dynamic development organization.
• Comprehensive working knowledge of the governing bodies, committees, and regulatory organizations relevant to the development sector within KSA.

Work Environment

This full-time position is based in Riyadh and operates within a dynamic and fast-paced environment typical of a development organization. The role requires an individual who can thrive in such a setting, contributing effectively to Ardara's financial operations.

Application Information

Candidates who meet the outlined qualifications and experience are encouraged to apply.