Payables Accountant (Saudi National)

About EuroTech:

Founded in 2009 and thriving within the vibrant environments of the UAE and KSA, EuroTech specializes in delivering cutting-edge technology solutions that empower businesses to excel in the digital age. This mission is supported by our extensive experience in delivering projects that cater to a broad spectrum of requirements, from small-scale installations to large, multifaceted initiatives for governmental bodies.

What truly sets EuroTech apart is our determined commitment to quality and meticulous attention to detail. We pride ourselves on our ability to enhance productivity and performance for our clients through well-managed solutions and masterful project delivery. Our services are backed by a diverse team of experienced professionals who provide outstanding support and advice, ensuring our solutions not only meet but exceed our client's expectations.

EuroTech is proud to have established strong alliances and secured industry accreditations with leading IT giants, including Cisco, HP, Microsoft, Meraki, and Apple, among others. These strategic partnerships and our collaborative efforts with key players enable us to design, deploy, and support the most suitable and cost-effective technology solutions for our customers.

Job Description:

Responsible for KSA project and office related accounts payable, monitoring project costs, WIP, and margins, and supporting POCM-based revenue recognition. Ensures accurate cost allocation, timely supplier payments, financial control of projects, and compliance with accounting policies through close coordination with Project, Procurement, and Finance teams.

Key Responsibilities:

• Process and verify supplier invoices against PO, GRN, contracts, and approvals
• Allocate costs accurately by project code, cost category, and BOQ
• Perform 3-way matching (POGRNInvoice) and resolve discrepancies
• Prepare and manage supplier payment schedules aligned with contract terms and cash flow
• Track advance payments, retention, milestone payments, and credit notes
• Reconcile vendor statement of accounts and manage AP aging
• Ensure VAT compliance and maintain audit-ready AP documentation
• Monitor project costs vs budget vs commitments
• Maintain detailed project cost ledgers by cost code and phase
• Calculate and record WIP under POCM
• Support revenue recognition based on certified progress and cost-to-complete
• Track variation orders and assess financial impact on margin and cash flow
• Align recognized costs, revenue, and project billing
• Monitor and report project gross margins
• Support project financial close-out, including WIP clearance and retention tracking
• Invoicing Projects

Key Requirements:

• Bachelor's degree in accounting, Finance, or related field
• Must be Saudi National
• Strong understanding of accounts payable principles and practices
• Proficiency in accounting software
• Excellent analytical and problem-solving skills
• Ability to manage multiple tasks and meet deadlines
• Strong communication and interpersonal skills
• Minimum of 2 years of experience in accounts payable or a related finance role