Accountant

Trading and Development Partnership; Riyadh; On-site; SAR 60,000 - 100,000; Full time

Benefits offered by this job

SOCPA membership

Job summary

Trading and Development Partnership in Riyadh is seeking a Banks Accountant to manage payments, reconcile bank balances, and coordinate statutory requirements with the bank. The role supports monthly closings, bank reporting, and treasury operations.

Applicants should hold a bachelor’s degree in accounting or finance, have 2–3 years of accounting experience, and be SOCPA members. The position emphasizes accuracy, compliance, and coordination with multiple departments.

Qualifications

• Bachelor’s degree in accounting or finance.
• 2–3 years of accounting experience.
• SOCPA membership.

Responsibilities

• Define payment execution banks and funds receipts with the Treasury Operations Manager for different projects.
• Develop banks payment plan for vendor payments to be approved by the Treasury Operations Manager.
• Execute approved suppliers’ payments via internet banking or manual forms.
• Obtain payment receipts and circulate them internally or to vendors as needed.
• Handle LGs and LCs applications with banks and stakeholders.
• Ensure sufficient funds availability for loan installments due payments and interest charges.
• Review installments and interest on bank statements versus treasury reports.
• Update loan reports based on actual statements and circulate monthly updates.
• Request/download bank statements from banks/banking portals.
• Perform bank reconciliations and adjust records for variances.
• Create monthly closing journal entries for bank expenses, FX differences, interest, and loan installments.
• Communicate variances and open items with the Treasury Operations Manager.
• Adjust the system for reconciliation variances.
• Handle cheque book management activities and reporting to the bank.
• Notify treasury of cheque rejections and coordinate with teams.
• Communicate financial documents to banks as requested.
• Prepare documentation for GL, external auditors, and tax reporting.

Education

Bachelor's degree in accounting or finance

SOCPA membership

2–3 years of accounting experience

Job description

Banks Accountant Overview

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

Roles & Responsibilities

• 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.What went wrong?}
• 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 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 auditor for annual financial statements or by tax advisor for 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 policies & 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 (SOCPA).