Senior Accountant
7 months ago
Job Summary
Being the Accountant, independently responsible for Book-keeping up to the finalization of Accounts of the assigned Divisions
Major
**Responsibilities**:
► General Ledger related Duties & Responsibilities
- Prepares Journal Vouchers for Monthly Accruals, Intercompany transactions, Reclassification etc.
- Scheduling & Amortizing of Prepaid Expenses such as Medical Insurance, Property Insurance etc.
- Overseeing, Verifying & Confirming, Dammam JV entered into Oracle System,
- Bank Reconcile
- Creates various reports related to accounts, analysis etc. as required by the Finance Manager & Property Manager.
- Works with the Finance Manager to resolve any discrepancies and questions related to the recording of general ledger transactions.
- Works to ensure that historical and current data is received in a timely and efficient manner and recorded in the system accurately.
- Ensures posting of sub-ledgers is performed on timely basis and in accordance with month end closing.
- Ensures that all accounting entries are supported with valid documentation.
- Ensures that all period end transactions have been recorded and posted to GL.
- Works with auditors as needed on research/resolution of complex accounting issues.
- Completes various special engagements as requested by the Chief Accountant & Finance Manager.
► Accounts Receivable Related Duties & Responsibilities
- Maintaining a Properties Master with the details of Properties, Tenants, Rent, Rental Period, Payment Term, Period of Payment etc. to generate timely Tenancy Invoices without omissions.
- Recording the Rent collections from the Tenants received through Bank Transfers & Cash deposits etc.
- Ensures Revenue Recognition Program is run for the monthly realization of Unearned Revenue in assigned Business Divisions,
- Maintains valid supporting documents for the receivables transactions,
- Monitor Tenant Accounts for non-payments, delayed payments and periodical Reporting to the Property Management team for further actions,
- Tracking the Properties' Vacancies & Occupancies regularly to report the Management,
- Following up for the issue & receipt of new Tenancy Contracts with Property Management team,
- Maintains Documentation of Tenancy Contracts of SIGMAC and follows up with the Properties Management for the timely renewal of e-contracts,
- Manage open/close accounts receivables periods as per monthly/yearly closing procedures,
- Prepares and distribute SIGMAC Dammam Customers Ageing & Collection Reports to the Chief Accountant, Finance Manager & Property Manager periodically.
► Accounts Payable Related Duties & Responsibilities
- Receives the Purchase Orders from the Procurement Department related to SIGMAC operations to arrange the payment in time,
- Arranging the Advance Payments of Suppliers and making Prepayment Invoices in Oracle System,
- Ensure that all payments are made as per agreed terms and conditions.
- Arrange vendor payments when due and payable,
- Regular tracking of settlement of Advances with Invoices after the receipt of materials/services,
- Ensures proper closing of Purchase Orders in Oracle System in co-ordination with Store Keeper by tracking relevant GRN,
- Assigning the proper Cost Center, GL Account to create Purchase Requisitions on the request of the Store Keeper to avoid mismatch in the accounting entries,
- Ensures Multi Period Accounting Program run at the month end for the prepaid Vendor payments.
- Periodical booking & payment of various Utilities Payments,
- Arranging Petty Cash Payments including Petty Cash Advances and ensuring its proper closures,
- Processing all payment requests received from TAG & GRE, Dammam through hierarchical approval process,
- Responsible to ensure all accruals during month closing and annual closing are recorded properly.
► Payroll & HR Related Duties & Responsibilities
- Upon notification from HRD, arrange timely payments for Employees' Iqama/Work Permit renewals, Exit/Re-entry etc.
► VAT & GAZT Related Activities
- Booking of Input VAT Invoices for SIGMAC Dammam Units,
**Managerial**
► Preparation of Individual Budgets for the assigned Divisions in co-ordination with Properties Management teams.
► Co-ordinate with Projects Department for SIGMAC Dammam Land development projects.
Competencies
The following competencies must be met and practiced on a continuous basis:
Behavioral
Functional
► Communication Skills
► Initiative
► Interpersonal Skills
► Flexibility
► Organizing and Planning Skills
► Self Confidence
► Teamwork
► Advisory & Consultation
► Consolidation Accounting
► Financial Reporting
► Language - Bilingual
Qualifications and Experience
1. University Graduate
- SOCPA Registered,
2. 2-3 years of Account experience, especially in AR and GL,
3. VAT Return Submission,
4. Working experience in Oracle and Advance Excel,
5. Communication Skills and Technical Expertise.
**Salary**: ﷼6,000.00 - ﷼9,000.00 per mont
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