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Senior Accountant - Accounts Receivable (AR) & Contract Assets

Senior Accountant - Accounts Receivable (AR) & Contract Assets

Esnad contractingRiyadh, Riyadh Region, Saudi Arabia
16 days ago
Job description

Overview

Purpose : Execute day-to-day AR operations : progress invoice preparation, ZATCA e-invoice submission, cash application, reconciliations, and maintenance of contract asset / retention schedules with full audit trail and on-time close.

Key Responsibilities

  • Prepare progress bills based on certified work, milestones, and approved variations. Validate VAT codes and customer data. Post to ERP and submit for ZATCA clearance.
  • Maintain contract assets roll-forward : track unbilled / certified amounts, reclass entries, and cut-off. Prepare month end journals with support.
  • Update retention schedules by customer / project, monitor release conditions and prepare documentation for approvals.
  • Perform daily cash application, match receipts to invoices / advance / retention items, clear FX / VAT differences and short pays, raise disputes where needed.
  • Run AR ageing and customer statements, send confirmations and follow up on overdue items, log disputes with root causes and expected resolution dates.
  • Complete AR / GL reconciliations, investigate and clear mismatches, maintain support files in shared drive with naming / version control.
  • Maintain ZATCA e-invoice error log, resolve rejections within SLA and document corrections.
  • Support audit requests (samples, confirmations, walkthroughs) and Controls & IA testing, keep SOPs / checklists up to date.

Qualifications

  • Bachelor’s in Accounting / Finance; Minimum 6 years AR in construction / engineering preferred.
  • Knowledge of IFRS for SMEs revenue basics, VAT coding, ZATCA e-invoice operations.
  • Experience with ERP (NetSuite desirable) and strong Excel, Power BI is a plus.
  • Arabic & English proficiency.

    • Skills

  • Strong knowledge of Accounts Receivable processes : billing, collections, reconciliations.
  • Proficiency in ZATCA e-invoicing , VAT coding, and local tax compliance.
  • Experience with ERP systems (NetSuite preferred, SAP / Oracle acceptable).
  • Advanced MS Excel (pivot tables, VLOOKUP, reconciliations); familiarity with Power BI .
  • Ability to prepare and monitor contract assets, WIP, and retention schedules .
  • Strong understanding of IFRS for SMEs basics related to revenue recognition.
  • Skilled in cash application, dispute resolution, and AR ageing analysis .
  • High attention to detail with strong analytical and problem-solving skills .
  • Ability to manage month-end close activities and support audit requirements.
  • Effective communication skills in both Arabic & English for client and internal coordination.
  • Strong organization and documentation skills; able to maintain accurate audit trail and SOPs.
  • Collaborative team player with ability to work under tight deadlines.

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    Senior Accountant • Riyadh, Riyadh Region, Saudi Arabia