Accounts Executive

Overview

Retail Operations Support

• Manage petty cash for retail doors: booking vouchers, initiating approval requests, maintaining documentation, and coordinating replenishment with KSA Head Office.
• Assist the senior accountant on daily reconciliation of credit card payments and cash sales across retail doors; investigate and resolve discrepancies.
• Record daily card payment collections based on bank statements.
• Monitor accumulated cash sales in boutiques and follow up for timely deposits as per SOP.
• Conduct cash counts in stores as required or requested.

Accounts Receivable & Customer Interaction

• Assist in tracking customer payments and follow up on outstanding accounts.
• Interact with customers regarding e-invoice billing inquiries.
• Prepare and submit monthly bank reconciliations and provide bank transfer confirmations.
• Monitor bounced cheques and coordinate with leasing/logistics teams for resolution and tracking.
• Liaise with Dubai AR team on daily uploads of all bank files.

Documentation & Compliance

• Electronically archive all tax documents signed and stamped by ZATCA, categorized by type (Tax/Simplified) and location.
• Archive all vouchers processed from Riyadh office and share them electronically and physically with Jeddah Head Office.
• Ensure proper documentation and compliance with internal standards for all financial transactions.

Accounts Payable & Vendor Management

• Verify and book vendor invoices and prepare payments as directed by Senior Accountant.
• Coordinate with Dubai AP team regarding vendor payments.
• Assist in inspecting payments to suppliers for compliance with contracts and internal policies.
• Support in managing vendor master data and resolving supplier queries.

Audit & Reporting

• Assist in fulfilling internal and external audit requirements by providing necessary documentation and clarifications.
• Support in preparing schedules such as prepaid expenses, vendor ageing, AR ageing and advance reports.
• Help in maintaining the integrity of financial records and ensuring proper posting in the system.
• In order to be successful in this role, you should have:
• Bachelor’s degree in finance / accounting/ business administration
• 4+ years of relevant experience in accounting preferably in Luxury retail/Retail/FMCG in KSA.
• Knowledge of Local GAAP and financial reporting standards.
• SAP experience is a plus but not mandatory.
• Working towards Professional qualification (e.g. CPA/ACCA/ACA/CIMA)