Senior Receivable Accountant

  • الرياض
  • دائم
  • دوام كامل
  • قبل 1 شهر
Company OverviewAlShahin Metal Industries is a leading Saudi company specializing in the design, fabrication, and supply of structural steel buildings and pre-engineered steel structures for commercial, industrial, and infrastructure projects across Saudi Arabia and GCC countries. The company operates large-scale steel fabrication facilities and has been serving the market since 1978.Job SummaryThe Senior Accountant – Accounts Receivable is responsible for managing the company’s receivables cycle, ensuring accurate billing, timely collection, and effective credit control. The role supports project-based and product sales activities by monitoring customer accounts, contract billing, and collections related to structural steel projects, fabrication contracts, and supply agreements. The position ensures compliance with company financial policies, maintains accurate financial records, and collaborates with project managers, sales teams, and clients to improve cash flow and reduce credit risk.Key Responsibilities1. Accounts Receivable Management
  • Manage and oversee the full Accounts Receivable cycle, including invoicing, collections, and reconciliation.
  • Prepare and issue customer invoices based on contracts, project milestones, delivery notes, and progress billing.
  • Maintain accurate customer ledgers and receivable aging reports.
  • Monitor outstanding receivables and ensure timely collection of payments.
  • Follow up with clients regarding overdue invoices and resolve billing discrepancies.
2. Contract & Project Billing
  • Review customer contracts, project agreements, and sales orders to ensure proper billing terms.
  • Process progress billing for steel fabrication and construction projects.
  • Coordinate with project managers, engineering, and sales departments to validate work completion and billing milestones.
  • Ensure compliance with contractual payment terms and retention clauses.
3. Credit Control
  • Evaluate and monitor customer credit limits and payment history.
  • Implement effective credit control policies to minimize bad debts.
  • Recommend credit approvals or adjustments based on financial analysis.
  • Prepare periodic reports on credit exposure and receivable risks.
4. Reconciliation & Reporting
  • Perform customer account reconciliations and resolve discrepancies.
  • Reconcile accounts receivable balances with the general ledger.
  • Prepare monthly AR aging reports, collection forecasts, and cash flow updates.
  • Support management with receivable analysis and collection performance reports.
5. Financial Closing Support
  • Assist in month-end and year-end closing activities related to accounts receivable.
  • Ensure proper recording of revenue recognition and accruals.
  • Coordinate with auditors and provide required documentation during internal and external audits.
6. Process Improvement & Compliance
  • Maintain compliance with company financial policies and internal controls.
  • Ensure documentation and records meet audit and regulatory requirements.
  • Support the preparation of documentation required for statutory filings and regulatory reporting.

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