Accountant📣 Job Ad
in Trading And Development Partnership
about 2 hours ago
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Riyadh |
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.
Requirements
- Requires 2-5 Years experience
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