Senior Accounts Payable Accountant

Job Purpose: Review and control billing, collection, reconciliations, and closing of receivable accounts, guide accountants, and analyze balances and risks, to ensure the accuracy of customer receivables and the quality of follow-up and reporting. Key Responsibilities: Review customer invoices, entries, and documents prepared by accountants before issuance and posting. Verify that invoices conform to approved contracts, progress claims, stages, and agreed payment terms. Review the tax treatment of invoices and notices per approved instructions, and follow up on the correction of exceptions. Review the classification of balances and the separation between receivables and contract assets and liabilities per the approved accounting policy. Review the allocation of collections to invoices and handle unallocated amounts in coordination with Treasury. Review advance payment, retention, and deduction accounts and their settlements per contract and project. Review customer reconciliations and confirmations, and analyze and resolve differences and unusual balances. Analyze debtor aging, classify overdue amounts and their causes, and prepare follow-up and collection priorities. Review VAT requirements and updates on e-invoicing related to customer invoices. Follow up on payment undertakings, rejected invoices, and disputes in coordination with projects, contracts, and customers. Prepare collection forecasts, compare actual collections with expected ones, and escalate deviations to the Chief Accountant. Review adjustment entries and credit notes, and verify their supporting documents and approval authorities. Execute the closing of receivable accounts and review their reconciliation with the general ledger within the approved deadlines. Prepare the collectability analysis and expected credit loss inputs, and submit them for review per the approved policy. Coordinate on the release of retentions and the completion of invoice documents and due claims. Guide accountants, review their work, and prepare the reports, confirmations, and documents required for auditors. Follow up on controls over customer data, billing, and collection, and submit discount, settlement, and write-off requests to the authorized party. Identify control weaknesses and propose corrective actions to prevent delays in billing or the recording of unapproved collections and settlements. Perform any other work assigned within the scope of the job and in line with approved systems, policies, and authorities. Requirements: Bachelor’s degree in accounting, finance, or a related field. Knowledge of accounts payable, reconciliations, and closing, and proficiency in the financial system and Excel. Experience in the contracting sector and in SAP or a similar financial system. A professional accounting certification such as SOCPA, CPA, or ACCA is an added advantage. Review, analysis, and accountant-guidance skills. Show more