Accountant

About the Role

Trading and Development Partnership is seeking a Banks Accountant to join their team in Riyadh, Saudi Arabia. This full-time role involves managing banking transactions, executing payments, reconciling bank balances, and ensuring compliance with statutory requirements. The ideal candidate will have 2-5 years of relevant experience.

Key Responsibilities

• Define payment execution banks and funds receipts with the Treasury Operations Manager for various projects or departments.
• Develop and execute bank payment plans for vendor payments, subject to approval by the Treasury Operations Manager.
• Obtain and circulate payment receipts internally or to vendors as required.
• Manage Letters of Guarantee (LGs) and Letters of Credit (LCs) applications with banks and stakeholders.
• Ensure sufficient funds are available for loan installment and interest payments.
• Review loan installments and interest on bank statements against treasury reports and update loan reports monthly.
• Request and download bank account statements from banks or banking portals.
• Perform bank reconciliations, identify variances, and adjust records as needed.
• Create monthly closing journal entries for bank expenses, FX differences, interest expenses, and loan installments.
• Communicate bank reconciliation variances and open items to the Treasury Operations Manager.
• Conduct system adjustments based on reconciliation variations.
• Handle cheque book management, including requests, register maintenance, and bank communication.
• Notify the Treasury Operations Manager and relevant teams (AR, Projects, client-facing departments) of customer cheque rejections.
• Manage communication with banks regarding opening and closing bank accounts.
• Communicate financial and non-financial documents to banks upon request.
• Prepare documentation and breakdowns for the GL team (periodic financial position), external auditors (annual financial statements), and tax advisors (tax reporting and inspection).
• Generate monthly Bank Reconciliation Reports, Loan Utilization Reports, and daily Bank Position Reports for review by the Treasury Operations Manager.
• Generate ad-hoc bank commission reports and identify potential savings opportunities.
• Comply with documented policies and procedures of the section.

Qualifications and Experience

• 2-5 years of experience in a similar accounting role, preferably with a focus on banking transactions.
• Strong understanding of banking operations and financial reconciliation processes.
• Proficiency in using internet banking platforms and accounting software.

Required Skills

• Attention to detail and accuracy in financial record-keeping.
• Strong analytical and problem-solving abilities.
• Effective communication skills for interacting with banks and internal stakeholders.
• Ability to manage multiple tasks and meet deadlines.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, within a dynamic team focused on financial operations and development.