Accountant📣 إعلان

About the Role

Trading and Development Partnership is seeking a full-time Accountant to join its team in Riyadh, Saudi Arabia. This role is ideal for candidates with 0-1 years of experience, focusing primarily on banking operations and ensuring financial accuracy within the treasury function.

Key Responsibilities: Payment and Treasury Operations

• Define payment execution banks and funds receipts in coordination with the Treasury Operations Manager for various projects or departments.
• Develop bank payment plans for vendor payments, subject to approval by the Treasury Operations Manager.
• Execute approved supplier payments using internet banking or manual forms.
• Obtain payment receipts and distribute them internally or to vendors as required.
• Manage Letters of Guarantee (LGs) and Letters of Credit (LCs) applications with banks and relevant stakeholders.
• Handle cheque book management activities, including processing requests, maintaining a register, and communicating with the bank.
• Notify the Treasury Operations Manager and relevant teams (AR, Projects, client-facing departments) in case of customer cheque rejection.
• Manage communication with banks regarding the opening or closing of bank accounts.
• Communicate financial and non-financial documents to banks upon request.

Key Responsibilities: Reconciliation and Financial Control

• Ensure sufficient funds are available for loan installment due payments and interest charges.
• Review loan installments and interest charges on bank statements against treasury reports.
• Update loan reports based on actual figures from bank statements and circulate monthly updated reports.
• Request and download bank account statements from banks or banking portals.
• Perform bank reconciliations, identify variances, and adjust records as necessary.
• Create monthly closing journal entries for bank expenses, foreign exchange differences, interest expenses, and loan installments.
• Communicate bank reconciliation variances and open items to the Treasury Operations Manager.
• Conduct system adjustments based on any reconciliation variations.

Key Responsibilities: Reporting and Compliance

• Prepare documentation and breakdowns requested by the GL team for periodic financial positions, by external auditors for annual financial statements, or by tax advisors for tax reporting and inspection.
• Generate monthly Bank Reconciliation Reports, Loan Utilization Reports (using actual figures), and daily Bank Position Reports for review by the Treasury Operations Manager.
• Generate ad-hoc bank commission reports and identify opportunities for savings where possible.
• Comply with all documented policies and procedures of the section.

Requirements

• 0-1 years of relevant experience.
• Valid membership with the Saudi Organization for Chartered and Professional Accountants (SOCPA).

Application Process

Interested candidates are invited to submit their application for this full-time Accountant position in Riyadh.