Senior Accountant Projects

1 week ago


Riyadh, Ar Riyāḑ, Saudi Arabia Arab National Bank Full time

Purpose:

  • Monitoring all transactions related to Projects (AP, A/R, Project, GL, Inventory, Controlling, etc.).

Contracts and Sales Invoice:

  • Study all client contracts to ensure that sales invoices are issued based on the payment terms in the contract.
  • Inform management of any advance sales invoices that have not yet been issued.
  • Ensure that a bank guarantee has been issued for all projects and matches accordingly.
  • Ensure that all sales invoices are issued based on the actual POC and shortage billing reports.

Collections:

  • Ensure that all collections are recorded either through the treasury or bank.
  • Ensure clearing of all collections with sales invoices.

Vendor Invoice:

  • Follow up with BU to finalize all vendor invoices received due to completed progress.
  • Ensure finalization of all vendor invoices in the system after approval from BU based on MIGO reports.
  • Review vendor invoices for any comments or mistakes.

Payments:

  • Ensure timely payments for due vendor invoices based on payment terms.
  • Ensure advance payments for purchase orders are made according to payment terms.
  • Ensure clarity for advance payments with progress vendor invoices.
  • Follow up to prepare the LC invoice and obtain approval from BU & concerned authorizer.

Reports:

  • Prepare the aging report and discuss it with BU.
  • Prepare the shortage billing report based on actual POC and discuss it with BU.
  • Check unknown deposit amounts with BU and resolve issues.
  • Report all critical issues and discuss with BU to take corrective action.
  • Ensure provisions for all doubtful amounts and check the impact on ECL.

Banks:

  • Check the daily statement of account for all banks to ensure no risks in bank transactions.
  • Upload all daily bank transactions on ZFF67 (for banks not linked with MT940).
  • Perform daily reconciliation for all banks and clear "FEBA" for all matching transactions between the bank and system.
  • Conduct monthly reconciliation for all banks.

Treasury (CT):

  • Ensure daily reconciliation with treasury and follow up to record pending transactions from all sides.
  • Record all CT transactions (LG charges, LC charges, finance cost, internal transfers, etc.) and sample to ensure correct cost recording.
  • Ensure monthly reconciliation with CT is signed by all sides.

Reporting:

  • Create a monthly summary report for all bank accounts, including special cases that occurred during the month and criteria for processing them.

Skills

Knowledge and Experience:

  • 5-10 years of experience in Projects.
  • Good knowledge of Saudi regulations.
  • Strong accounting skills.
  • Familiarity with ERP systems (SAP).

Education and Certifications:

  • Bachelor's Degree in Finance or Accounting.
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