Summary
Wataniya Insurance is hiring an Accounts Receivable Accountant in Jeddah. The role manages invoicing, premium booking, payment posting, receivables reconciliation, and follow-up on overdue balances. It also supports regulatory compliance, audits, risk mitigation, and improvements to AR reporting and processes. Applicants need a bachelor’s degree in accounting, finance, or a related field, an IFCE Certificate, and 2–4 years of relevant accounting experience; insurance or regulated financial services experience is preferred.
The posting
As published on wataniya.com.sa. Pulled from the employer's site and shown as they wrote it.
The Accounts Receivable (AR) Accountant is responsible for managing and monitoring all receivable activities, ensuring timely and accurate billing, collection, and reconciliation of premiums, commissions, and other receivables. The role plays a key part in cash flow management, compliance, and maintaining strong relationships with brokers, agents, and internal stakeholders.
- Job Responsibilities
Accounts Receivable
- Manage end-to-end Accounts Receivable processes, including invoicing, premium booking, and receipt posting.
- Perform regular AR reconciliations and resolve discrepancies promptly.
- Coordinate closely with the collection team to follow up on overdue receivables.
Billing, Reporting & Reconciliation
- Prepare and issue invoices, debit notes, and credit notes in accordance with company policies.
- Ensure proper allocation of received payments against invoices.
- Support IA compliance requirements and ensure alignment with regulatory and legal standards.
- Participate in risk identification and mitigation related to AP and financial processes.
Compliance, Governance & Controls
- Ensure AR transactions comply with company policies, IA regulations, and accounting standards.
- Maintain proper documentation and audit trails for all receivable transactions.
- Support internal and external audits by providing AR-related schedules and explanations.
- Assist in identifying and mitigating credit and collection risks.
Systems, Process Improvement & Collaboration
- Ensure accurate posting of AR transactions in the accounting system.
- Coordinate with IT and finance teams to improve AR reporting and automation.
- Suggest process improvements to enhance efficiency, accuracy, and cash flow.
Requirements
Education
- Bachelor’s degree in Accounting, Finance, or a related field (Master’s degree or professional certification is a plus).
- IFCE Certificate
Experience
- 2–4 years of relevant experience in accounting, with strong exposure to Accounts Receivable or general accounting.
- Experience within insurance or regulated financial services is preferred.