Overview
Accountant Jobs in Riyadh, Saudi Arabia at Trading and Development Partnership
Title: Accountant
Company: Trading and Development Partnership
Location: Riyadh, Saudi Arabia
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.
- 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.
-Skills & Competencies
- 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
