Treasury Accountant📣 Job Ad

Company Overview

Saudia Dairy & Foodstuff Company (SADAFCO) is a leading food and beverage company operating in the Kingdom of Saudi Arabia. We are committed to maintaining high standards of financial accuracy and operational efficiency across our functions.

Position Summary

SADAFCO is seeking a Treasury Accountant to join our team in Jeddah. This full-time role is central to ensuring accurate and timely accounting for payroll and all employee-related payments. The Treasury Accountant will be responsible for maintaining assigned General Ledger accounts, performing essential reconciliations, and executing period-close activities, working in close coordination with Human Resources, Payroll, and Finance departments to ensure complete, properly approved, and auditable transactions.

Key Responsibilities: Employee Payments

• Process and account for approved payroll, employee loans, salary advances, deductions, incentives, commissions, bonuses, and allowances.
• Manage the processing of end-of-service benefits, final settlements, leave encashment, expense claims, and other approved employee reimbursements.
• Validate all necessary approvals, employee references, amounts, cost centers, and supporting documents prior to processing any payments.

General Ledger and Financial Reporting

• Prepare and post accurate SAP/ERP journal entries for all payroll and employee-related transactions.
• Maintain and reconcile assigned General Ledger and balance-sheet accounts, including payroll liabilities, employee loans, advances, deductions, expense claims, accruals, and clearing accounts.
• Prepare monthly accruals, provisions, reclassifications, and account analyses, specifically including end-of-service and leave-related balances where assigned.
• Investigate and promptly clear outstanding or unmatched items and correct any identified accounting errors.
• Support monthly, quarterly, and year-end closing activities in alignment with the Finance timetable.
• Ensure all expenses and liabilities are recorded in the correct legal entity, period, cost center, and account.

Controls and Process Improvement

• Maintain complete supporting documents and audit trails for all transactions and reconciliations.
• Apply delegated authority, segregation of duties, confidentiality protocols, and company accounting policies consistently.
• Prepare schedules, reconciliations, and explanations as required by management, auditors, and other Finance teams.
• Coordinate effectively with HR and Payroll departments to resolve discrepancies and meet payment and closing deadlines.
• Identify practical opportunities to enhance accuracy, standardize processes, and reduce manual work within treasury operations.

Qualifications and Work Details

Candidates for this full-time Treasury Accountant position should possess 2-5 years of relevant experience. The role is based in Jeddah, Saudi Arabia.