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Senior AR Accountant

Senior AR Accountant

BayutRiyad Al Khabra, Al-Qassim Province, Saudi Arabia
5 days ago
Job description

Bayut is the number one property portal in the Kingdom, connecting millions of users across the country. We are committed to delivering the best online search experience. As part of Dubizzle Group, Bayut is alongside some of the strongest classifieds brands in the market. With a collective strength of 10 brands, we have more than 200 million monthly users that trust in our dedication to providing them with the best platform for their needs.

As a Senior AR Accountant, you will be responsible for managing the full accounts receivable cycle, including accurate billing, timely revenue recognition, efficient collections, and account reconciliation. You will ensure compliance with accounting standards and company policies while supporting financial reporting, audit requirements, and cash flow management.

Invoicing and Revenue Recognition

  • Prepare and issue customer invoices accurately and on time in accordance with company policies and contract terms.
  • Review sales orders, delivery notes, and service agreements to verify billing details.
  • Coordinate with internal teams to resolve discrepancies or missing documentation.
  • Ensure revenue recognition aligns with IFRS and company accounting standards.

Collections and Customer Account Management

  • Monitor AR ageing reports and follow up on overdue accounts.
  • Implement effective collection follow-ups to minimise outstanding balances.
  • Escalate long-overdue accounts when necessary and support related documentation for collection actions.
  • Maintain positive relationships with clients while ensuring adherence to payment terms.
  • Reconciliation and Reporting

  • Perform regular reconciliation of customer accounts to ensure accuracy and completeness.
  • Prepare monthly AR ageing reports and other related analyses for management.
  • Review unapplied payments and credit balances to ensure proper allocations.
  • Internal Controls and Compliance

  • Ensure compliance with internal policies and credit control procedures.
  • Support audit requirements and address AR-related findings.
  • Identify potential risks in the AR process and recommend solutions.
  • Assist in developing and maintaining AR Standard Operating Procedures (SOPs).
  • Cross-Functional Coordination

  • Work closely with Sales, Customer Service, and Operations teams to resolve billing and payment issues.
  • Coordinate with the Treasury team to support accurate cash flow forecasting.
  • Support ERP system enhancements and automation related to AR processes.
  • Qualifications

    Bachelor’s degree in accounting, Finance, or a related field.

    Experience

    Minimum 6–8 years of experience in Accounts Receivable, preferably within the real estate or a similar industry.

    Knowledge

  • Strong understanding of accounting principles and IFRS standards
  • Knowledge of VAT, WHT, and related tax implications for receivables.
  • Familiarity with local and international financial regulations.
  • Proficiency in accounting software and ERP systems.
  • Advanced Microsoft Excel skills (formulas, pivot tables, analysis).
  • Skills

  • Strong analytical and problem-solving abilities.
  • Excellent communication and time management skills.
  • Strong organisational and multitasking abilities.
  • Traits

  • High attention to detail and accuracy.
  • Proactive, reliable, and results-oriented.
  • Collaborative and professional in team environments.
  • Benefits

  • High-performing and fast-paced work environment.
  • Comprehensive Health Insurance.
  • Rewards and recognition.
  • Learning & Development.
  • Bayut is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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    Senior Accountant • Riyad Al Khabra, Al-Qassim Province, Saudi Arabia

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