Account Receivable

Al Awael Modern Contracting Company- Job Detail**Industry**
- Construction / Cement / Metals**Functional Area**:

- Accounts, Finance & Financial Services**Total Position**:

- 1**Job Type**:

- Full Time/Permanent**Department**:

- Al Awael Modern Contracting Company**Job Location**:

- Khobar, Saudi Arabia**Nationality**:

- Saudi**Career Level**:

- Experienced Professional**Education**:

- Bachelors**Salary Range**:

- SAR. 7,000 to 10,000/Month**Work Permit**:

- Saudi Arabia- Dec 31, 2024**Posted On**:

- Nov 10, 2024- Job Description**Job Summary**:
**Key Responsibilities**:
**Manage Customer Accounts**:

- Maintain and update customer accounts, ensuring accurate billing and payment records.
- Monitor and track overdue accounts, sending payment reminders and follow-ups as needed.
- Ensure that all credit and payment terms are accurately applied to customer accounts.**Invoice Preparation and Distribution**:

- Generate and send customer invoices based on the sales orders or contracts.
- Verify accuracy of invoices, ensuring that they are in line with agreed-upon terms, pricing, and product/service details.
- Communicate with customers regarding discrepancies in invoices and work to resolve issues.**Process Incoming Payments**:

- Ensure that all payments are correctly applied to customer accounts and that balances are updated in a timely manner.
- Reconcile payment receipts against bank deposits and accounting records.**Collections and Follow-up**:

- Proactively contact customers regarding overdue payments and initiate collection procedures, if necessary.
- Work with customers to establish payment plans or resolve disputes related to outstanding balances.
- Escalate unresolved accounts to management or external collection agencies as needed.**Maintain Accurate Records**:

- Keep detailed records of payment transactions and account activity.
- Ensure that all accounts receivable records are up-to-date, accurate, and compliant with company policies.
- Assist in the preparation of accounts receivable aging reports for management review.**Reconcile Accounts**:

- Perform regular reconciliations of customer accounts to ensure accuracy and resolve any discrepancies.
- Assist in preparing month-end and year-end reports related to accounts receivable.
- Ensure that any adjustments (e.g., credits, write-offs) are properly documented and applied to accounts.**Cash Application**:

- Investigate and resolve discrepancies between payments received and the customer balance.**Assist with Financial Reporting**:

- Help prepare periodic reports on accounts receivable performance, including aging reports and cash flow projections.
- Provide support for audits and assist in responding to questions related to accounts receivable data.**Customer Service**:

- Provide excellent customer service by responding to client inquiries regarding invoices, payments, and account status.
- Work with other departments to resolve customer issues in a timely and professional manner.**General Administrative Support**:

- Support the finance team with other ad-hoc tasks as needed, such as filing, scanning, and preparing documentation.
- Assist in any special accounting or financial projects as required.

**Required Qualifications**:

- ** Education**:Bachelor’s degree in Accounting, Finance, or a related field (or equivalent experience).
- ** Experience**: Previous experience in accounts receivable or a similar role is preferred.
- ** Technical Skills**:

- Proficiency with Microsoft Excel (basic to intermediate level).
- Experience with accounting software (e.g., QuickBooks, SAP, Oracle) is a plus.
- ** Knowledge**: Basic understanding of accounting principles and practices.
- ** Attention to Detail**: Ability to handle sensitive financial information with accuracy and attention to detail.
- ** Communication Skills**: Strong verbal and written communication skills, especially when interacting with customers.
- ** Organizational Skills**: Strong time management skills, with the ability to handle multiple tasks and deadlines.
- ** Problem-Solving**: Ability to identify and resolve billing issues and discrepancies.

**Preferred Qualifications**:

- Experience with accounts receivable or collections in a corporate environment.
- Familiarity with credit and collections procedures.
- Knowledge of basic tax regulations related to accounts receivable.

**Salary and Benefits**:

- Competitive salary based on experience.

**Why Join Us?**
- This is an excellent opportunity for an accounts receivable professional to contribute to the financial success of a growing company. You will work in a supportive environment with opportunities for career growth. If you are detail-oriented, organized, and enjoy working with customers, we would love to have you on our team.**How to Apply**:

- Please submit your resume and a cover letter explaining your experience and why you would be a great fit for this position.**Required Skills**:

- Processing Knowledge