Accountant📣 Job Ad

About the Role

Trading and Development Partnership is seeking a detail-oriented Accountant to join their team in Riyadh, Saudi Arabia. This full-time position focuses on managing banking operations, ensuring accurate financial record-keeping, and supporting the company's treasury functions. The successful candidate will play a key role in executing payments, reconciling bank accounts, and coordinating statutory requirements with financial institutions.

Key Responsibilities

• Define payment execution banks and funds receipts in collaboration with the Treasury Operations Manager for various projects and departments.
• Develop a comprehensive banks payment plan for vendor payments, subject to approval by the Treasury Operations Manager.
• Execute approved supplier payments through internet banking or manual forms.
• Obtain and circulate payment receipts internally or to vendors as required.
• Manage the application process for Letters of Guarantee (LGs) and Letters of Credit (LCs) with banks and relevant stakeholders.
• Ensure sufficient funds are available for loan installment payments and interest charges.
• Review bank statements for installments and interest charges 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 make necessary adjustments to records.
• 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.
• Implement system adjustments based on any reconciliation variations.
• Manage cheque book activities, including processing cheque book requests, maintaining a cheque book register, and liaising with the bank.
• Notify the Treasury Operations Manager and relevant teams (AR, Projects, client-facing departments) in case of customer cheque rejection.
• Handle communication with the bank for opening and closing bank accounts.
• Provide financial and non-financial documents to the bank as requested.
• Prepare documentation and breakdowns for the GL team regarding periodic financial position, for external auditors for annual financial statements, or for 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 Banks commission reports and identify potential savings opportunities.
• Comply with the sections' documented policies and procedures.

Qualifications and Requirements

• Bachelor's degree in Accounting or Finance.
• 2-5 years of experience in accounting, preferably within the same industry.
• Valid membership with the Saudi Organization for Chartered and Professional Accountants (SOCPA).

Required Skills

• Strong knowledge of ERP systems, with a preference for Oracle Fusion, SAP, and/or MS Dynamics.
• Advanced Microsoft Office skills.
• High accuracy and attention to detail.
• Good analytical and organizational capabilities.
• Solid understanding of Generally Accepted Accounting Principles (GAAP) and/or International Financial Reporting Standards (IFRS).
• Good command of spoken and written English.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia.