Accountant

Trading and Development Partnership; Riyadh; On-site; SAR 60,000 - 90,000; Full time

Job summary

Trading and Development Partnership is seeking a Banks Accountant to manage payments, record banking transactions, reconcile bank balances and coordinate statutory requirements with the bank.

You will define payment execution plans with the Treasury Operations Manager, execute supplier payments, prepare bank reconciliations and related monthly reports, and ensure funds availability for loan installments while maintaining accuracy and compliance with IFRS/GAAP.

Qualifications

• Bachelor’s degree in accounting, finance.
• 2-3 years of experience in accounting preferably within the same industry.
• Valid membership with the Saudi Organization for Chartered and Professional Accountants.
• Strong knowledge of ERP (Oracle Fusion, SAP and / or MS Dynamics).
• Advanced Microsoft Office Skills.
• Strong accuracy and attention to details.
• Good analytical and organizational capabilities.
• Good knowledge of GAAP and/or IFRS.
• Good Command of spoken and written English language

Responsibilities

• Execute payments and record banking transactions.
• Perform bank reconciliations and adjust records as needed.
• Prepare monthly closing journal entries related to bank expenses and loan installments.
• Coordinate with Treasury Operations Manager on payment plans and funds receipts.
• Handle chequebook management, cheques and related bank communications.
• Generate Bank Reconciliation Reports, Loan Utilization Reports and Bank Position Reports.
• Notify teams in case of customer cheque rejection and communicate with banks for account changes.
• Ensure funds availability for loan installments and interest charges.
• Comply with documented polices & procedures.

Skills

Analytical thinking

Attention to detail

English proficiency

Education

Bachelor’s degree in accounting/finance

Membership with Saudi Organization for Chartered and Professional Accountants

Tools

Oracle Fusion

SAP

MS Dynamics

Microsoft Office

Job description

The Banks Accountant is required to execute payments, record banking transactions, reconcile bank balances and coordinate statutory requirements with the bank.

• Define payment execution banks and funds receipts together with the Treasury Operations Manager for the different projects or departments.


• Develop banks payment plan for vendors payments, to be approved by the Treasury Operations Manager.


• Execute approved suppliers’ payments via internet banking/manual forms.


• Obtain payment receipts and circulate them internally or to vendors when needed.


• Handle the LGs and LCs applications with banks and stakeholders.


• Ensure sufficient funds availability for loan installments due payment & interest charges.


• Review installments and interest on bank statements versus treasury reports.


• Update loan reports based on statements actual figures and circulate monthly updated reports.


• Request/download bank account statements from banks/banking portals.


• Perform bank reconciliations. Check variances and adjust records as needed.


• Create monthly closing journal entries related to bank expense, FX difference, interest expense and loan installments.


• Communicate bank reconciliation variances and open items with the Treasury Operations Manager.


• Conduct adjustments to the system based on any reconciliation variation.


• Handle activities related to cheque book management including filling cheque book requests, maintaining a cheque book register, and communicating with the bank.


• Notify the treasury operations manager and the respective teams (AR, Projects, departments dealing directly with the client) in case of customer cheque rejection.


• Handle communication with the bank when opening / closing bank accounts.


• Communicate financial and non-financial documents to bank as requested.


• Prepare the required documentation and breakdowns requested by GL team regarding periodic financial position, by external auditorfor annual financial statements or by tax advisorfor tax reporting and inspection.


• Generate monthly Bank Reconciliation Report, Loan Utilization Report using actual figures and daily Bank Position Report to be reviewed by the Treasury Operations Manager.


• Generate ad-hoc Banks commission reports and initiate opportunities of savings when possible.


• Comply with the sections’ documented polices & procedures.

-Qualifications

• Bachelor’s degree in accounting, finance.


• 2-3 years of experience in accounting preferably within the same industry.


• valid membership with the Saudi Organization for Chartered and Professional Accountants.


• Strong knowledge of ERP (preferably Oracle Fusion, SAP and / or MS Dynamics).


• Advanced Microsoft Office Skills.


• Strong accuracy and attention to details.


• Good analytical and organizational capabilities.


• Good knowledge of GAAP and/or IFRS.


• Good Command of spoken and written English language