AP Fixed Assets

2 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia Salam Full time $120,000 - $180,000 per year

Job Purpose / Role

(Define the role in relation to the overall objective of the company/business)

To ensure accurate and compliant financial recording and control of Accounts Payable, Fixed Assets, and Inventory by executing advanced financial operations, performing detailed reconciliations, maintaining reliable asset and inventory records, and supporting timely financial closing and reporting in alignment with IFRS, ZATCA, and internal policies.

Duties & Responsibilities


• Execute and review Accounts Payable operations, including invoice processing, three-way matching, AP aging analysis, vendor reconciliations, and supporting accurate month-end closing in line with accounting standards and ZATCA requirements.


• Prepare and analyze account reconciliations (GL Reconciliations) for AP, Fixed Assets, and Inventory, identifying discrepancies, investigating root causes, and ensuring timely resolution.
• Monitor supplier contracts and financial obligations, validate supporting documentation and approvals for payments, and support optimization of payment terms and cash-flow efficiency.
• Perform Fixed Assets management activities, including capitalization, proper CapEx/OpEx classification, additions, transfers, disposals, depreciation booking, and maintaining an updated and accurate asset register in line with IFRS.


• Participate in inventory control processes, ensuring alignment between physical counts and system records, analyzing variances, and recommending corrective actions.
• Analyze financial data and prepare advanced reports, including AP, Fixed Assets, and Inventory dashboards, KPIs, trend analysis, and support budgeting and forecasting activities.


• Ensure adherence to compliance and control requirements, including ZATCA regulations, e-invoicing mandates, IFRS standards, and internal audit and financial control policies.


• Support P2P and automation enhancements by identifying operational issues, proposing improvement solutions, testing ERP/workflow changes, and ensuring accuracy and integrity of financial data across systems.


• Collaborate with Procurement, Supply Chain, Treasury, and operational teams to validate POs, ensure accurate expense classification, prepare vendor payment batches, and support cash-out planning.


• Support internal and external audits and major capital projects by providing accurate documentation, reconciliations, and financial insights related to AP, Fixed Assets, and Inventory.

Work Contacts

Internal


• All related business units

External


• Vendors.


• Contractors.

Job Specifications

Required Education Level, Skills & Abilities (Specific Policies, Certifications, etc.)


• Bachelor's degree in accounting, Finance, or Business; an MBA or CPA is preferred.


• Strong knowledge of P2P processes, telecom vendor billing, lease accounting, and project-based payments.


• Proficiency with ERP systems (SAP/Oracle/NetSuite) and AP automation tools.


• Ability to operate in a high-volume, fast-growth, and deadline-driven environment.
• Exceptional leadership and communication abilities.


• Strong analytical and problem-solving skills.


• Advanced Excel and financial analysis skills.

Required Experience


• 7+ years of experience in the related field, 5+ years in a managerial role.

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