Summary
Wataniya Insurance is hiring a Governance & Accounts Payable Accountant in Jeddah. The role oversees accounts payable and broker, vendor, and reinsurance partner payments, while maintaining financial records and internal controls. Responsibilities include monthly VAT returns and ZATCA queries, month-end and year-end closing, audit support, and process improvements. Applicants need a bachelor's degree in Accounting, Finance, or a related field, an IFCE Certificate, and 4–6 years of relevant accounting experience.
The posting
As published on wataniya.com.sa. Pulled from the employer's site and shown as they wrote it.
The Governance & AP Accountant is responsible for overseeing Accounts Payable operations while ensuring strong financial governance, compliance, and control. The role focuses on maintaining accurate financial records, managing broker and vendor payments, ensuring compliance with IA requirements, supporting audits, and strengthening internal controls and governance practices. The position also plays a key role in mentoring team members and supporting month-end and statutory reporting.
Job Responsibilities
Accounts Payable & Financial Operations
- Maintain accurate books of accounts in line with company policies, IA regulations, and accounting standards.
- Oversee Accounts Payable activities, including payments to brokers, vendors, and reinsurance partners.
- Perform AP reconciliations and ensure timely resolution of discrepancies.
- Prepare and pay VAT return on a monthly basis.
- Follow-up and work on matters relating to VAT (ZATCA queries)
- Communicate with brokers and agents regarding critical financial and settlement matters.
Governance, Compliance & Controls
- Ensure adherence to financial governance frameworks, internal controls, and approval matrices.
- Support IA compliance requirements and ensure alignment with regulatory and legal standards.
- Participate in risk identification and mitigation related to AP and financial processes.
Closing, Reporting & Audit
- Actively participate in monthly and year-end closing processes.
- Assist in the preparation of financial statements and supporting schedules.
- Coordinate with external auditors during payable and financial audits and ensure timely closure of audit findings.
- Ensure proper documentation and audit trails for all AP and governance-related transactions.
Systems, Process Improvement & Collaboration
- Coordinate with the IT department to enhance accounting systems, reporting, and automation initiatives.
- Recommend and implement process improvements to strengthen efficiency, accuracy, and control.
- Cooperate with internal departments to ensure smooth workflows and service delivery aligned with company standards.
Requirements
Education
- Bachelor’s degree in Accounting, Finance, or a related field (Master’s degree or professional certification is a plus).
- IFCE Certificate
Experience
- 4–6 years of relevant experience in accounting, with strong exposure to Accounts Payable, governance, and compliance.
- Experience within insurance or regulated financial services is preferred.