Accountant, Banking & Finance, Financial Reporting

Maseera; Riyadh; On-site; SAR 90,000 - 150,000; Full time

Job summary

Trading and Development Partnership Riyadh seeks a Banks Accountant to manage payments, record banking transactions, reconcile bank balances and coordinate statutory requirements with the bank. The role covers payment execution, bank reconciliations, loan reporting, and communications with banks and stakeholders.

Responsibilities include developing payment plans, processing supplier payments, handling LC/ LG matters, and preparing monthly and ad-hoc financial reports for the treasury and GL

Qualifications

• Bachelor's degree in accounting or finance.
• 2-3 years of accounting experience preferred in the same industry.
• SOCPA membership is required.

Responsibilities

• Define payment execution banks and funds receipts with the Treasury Operations Manager for 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 for loan installments payments and interest charges.
• Review installments and interest on bank statements versus treasury reports.
• Update loan reports based on statements and circulate monthly updates.
• Request/download bank account statements from banks/banking portals and perform bank reconciliations.
• Check variances and adjust records as needed.
• Create monthly closing journal entries related to bank expenses, FX differences, interest expense and loan installments.
• Communicate bank reconciliation variances with the Treasury Operations Manager.
• Handle cheque book management and related bank communications.
• Notify relevant teams if customer cheque is rejected.
• Prepare documentation for GL, external auditors, and tax reporting.
• Generate monthly Bank Reconciliation, Loan Utilization, and daily Bank Position reports.
• Generate ad-hoc Bank commission reports and seek savings opportunities.
• Comply with documented policies and procedures.

Education

Bachelor's degree in accounting, finance

Job description

Trading and Development Partnership Riyadh

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).