AR & Inventory Accountant
Riyadh, Saudi Arabia
AR & Inventory Accountant
Riyadh, Saudi Arabiaposted 20 days ago499Applicants for1 open position
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- 44In Consideration
- 59Not Selected
Job Details
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Job Description
Objective of the Role:
To manage and maintain accurate records of accounts receivable and inventory, ensuring timely invoices, collections, and stock reconciliation. The role supports the company’s revenue cycle and inventory control processes, ensuring compliance with internal policies and accounting standards .
Key Responsibilities:
A. Accounts Receivable (AR)
Invoicing & Documentation :
- Generate and issue accurate customer invoices based on sales orders and delivery notes.
- Ensure all supporting documents are attached and properly authorized.
Customer Account Management :
- Maintain up-to-date customer ledgers and statements.
- Monitor aging reports and follow up on overdue balances.
- Resolve customer billing issues or discrepancies in coordination with sales and operations teams
Collections :
- Follow up on payments as per agreed credit terms
- Coordinate with the sales team for collection support and customer reconciliations.
- Record incoming payments (bank/cash/cheques) accurately in the ERP system.
Reporting :
- Prepare and share AR aging reports with management.
- Highlight potential doubtful debts or risk accounts.
B. Inventory Accounting
Inventory Recording & Reconciliation
- Monitor inventory transactions including receipts, issues, returns, and transfers.
- Record inventory movements accurately in the accounting system.
- Reconcile physical inventory with system records (monthly/quarterly/yearly counts).
Costing & Adjustments
- Ensure correct inventory valuation using FIFO, weighted average, or standard costing (as per company policy).
- Identify and record inventory write-offs, shrinkage, or adjustments with proper approval.
Stock Audits & Controls
- Assist in planning and conducting periodic stock counts and cycle counts.
- Investigate inventory discrepancies and coordinate corrective actions.
Reporting
- Prepare regular inventory reports for stock levels, valuation, aging, and slowmoving items.
- Support the finance team in inventory-related data for monthly closing and audit.
C. Internal Controls & Compliance
- Ensure AR and inventory processes follow company policies and accounting standards.
- Assist in internal and external audits related to receivables and stock.
- Maintain accurate documentation and audit trails for all transactions
Job Requirements
- Bachelor’s degree in Accounting, Finance, or a related field.
- 2-5 years of experience in accounts receivable and inventory accounting roles.
- Strong understanding of accounting principles and inventory management processes.
- Proficiency in accounting software and Microsoft Excel.
- Excellent analytical and problem-solving skills.
- English Very good to Fluent
- Effective communication skills for cross-functional collaboration.
- Ability to manage multiple priorities and meet deadlines.
- Experience in the beauty, retail, or consumer goods industry is a plus.
