Accountant

M.Y. Naghi Motors; Jeddah; On-site; SAR 167,000 - 290,000; Full time

Job summary

M.Y. Naghi Motors in Jeddah is seeking a Finance/Treasury professional to manage daily banking and payments, including local and international transactions, SAP entries, and VAT/WHT obligations.

The role also supports cash management and ensures accurate financial records in line with company policy. Responsibilities include processing salary-related payments, SADAD and utility payments, and maintaining SAP records, with close collaboration across departments to ensure compliance and timely

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• 2-4 years of relevant experience in accounting, treasury, accounts payable, or financial operations.
• Experience in banking transactions, payment processing, and SAP is preferred.
• Knowledge of VAT, WHT, SADAD, L/Cs, and bank guarantees is preferred.

Responsibilities

• Prepare and process daily bank transfers and payments for local and international entities.
• Ensure all payments are processed accurately and within required timelines.
• Record and monitor foreign currency payments and apply correct exchange rates in SAP.
• Process and record VAT/WHT payments and related templates for statutory obligations.
• Maintain proper documentation and support for all transactions in SAP.

Skills

Banking transactions

Payment processing

SAP

Foreign currency

VAT/WHT

LCs & guarantees

Education

Bachelor's degree in Accounting/Finance

Tools

SAP

Job description

Responsible for managing and processing daily banking and payment transactions, ensuring accurate and timely execution of local and international payments, employee-related payments, government and utility payments, and other financial transactions. The role also supports cash management, SAP accounting entries, bank charges, fixed asset creation, VAT/WHT-related payments, and the maintenance of accurate financial records in accordance with company policies and procedures.

Key Duties & Responsibilities

Banking Operations

• Prepare and process daily bank transfers and payments, including local vendors, foreign suppliers, employees, government entities, and affiliated companies.
• Ensure all payments are processed accurately and within the required timelines.
• Monitor scheduled payments and coordinate with relevant consultants and stakeholders to ensure timely completion.
• Review payment-related emails and follow up with concerned parties to avoid payment delays.
• Prepare and share payment confirmations and supporting documents with relevant stakeholders.
• Record and monitor foreign currency payments to automotive OEMs, including USD and EUR invoices, ensuring the correct exchange rates are applied.
• Identify and record bank charges related to Letters of Credit (LCs) and bank guarantees and allocate them to the appropriate Business Units.
• Coordinate with concerned departments to ensure the collection of original L/C documents required for port clearance.

Employee & Internal Payments

• Process monthly salary-related bank payments for SMYN employees, including employee loans and advances.
• Process and record SMYN donations and related bank transactions in SAP.
• Ensure all employee-related payments are accurately recorded and properly supported.

SADAD & Utility Payments

• Verify and process SADAD payments for TAMM, telephone bills, electricity bills, water bills, and other applicable company obligations.
• Process and record electricity and telephone bill payments in SAP, including transactions related to SMYN accounts.
• Ensure all time-sensitive government and utility payments are completed within the required deadlines.

Cash & Daily Accounting Support

• Ensuring proper handling of cash and completion of cash reconciliations.
• Process payments and accounting entries related to customs duties and other SADAD transactions.
• Ensure all transactions are properly documented and supported in accordance with financial procedures.

Tax & Financial Transactions

• Process monthly VAT invoice and WHT-related payments/templates for onward submission to the Zakat and Tax Department.
• Ensure tax-related payment information is accurate, complete, and submitted within required timelines.
• Support the Finance team in maintaining accurate records related to payments and statutory obligations.

SAP & Accounting Records

• Create and maintain fixed asset records in SAP.
• Record and maintain accounting entries related to payments and other financial transactions.
• Maintain accurate accounting records and ensure all supporting documents are properly filed and readily available when required.
• Ensure compliance with company accounting policies, procedures, and internal controls.

Key Accountabilities

• Payment Accuracy: Ensure payments are processed accurately with the correct beneficiary, amount, currency, bank details, and supporting documentation.
• Timeliness: Complete all time-bound payment and banking transactions within the required deadlines.
• SAP Accuracy: Ensure all relevant transactions are correctly recorded in SAP.
• Compliance: Ensure payments and financial activities comply with company policies, procedures, and applicable regulations.
• Documentation: Maintain complete and accurate supporting documentation for all transactions.
• Coordination: Maintain effective communication with internal departments, banks, consultants, suppliers, and other relevant stakeholders.

Qualifications & Experience

• Bachelor's degree in Accounting, Finance, or a related field.
• 2-4 years of relevant experience in accounting, treasury, accounts payable, or financial operations.
• Experience in banking transactions, payment processing, and SAP is preferred.
• Experience handling local and foreign currency payments is an advantage.
• Knowledge of VAT, WHT, SADAD, L/Cs, and bank guarantees is preferred.