Financial Projects Accountant

6 days ago


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

This is a critical role within the Arab National Bank that requires an experienced accountant to oversee all financial aspects of projects.

Key Responsibilities
  • Transaction Monitoring: Monitor and record all transactions related to projects, including AP, A/R, Project, GL, Inventory, Controlling, etc.
  • Contract Review: Study client contracts to ensure sales invoices are issued based on payment terms, inform management of advance sales invoices, and verify bank guarantees for all projects.
  • Collections and Clearing: Ensure collections are recorded through the treasury or bank, clear collections with sales invoices, and review vendor invoices for comments or mistakes.
  • Vendor Invoice Management: Follow up with BU to finalize vendor invoices, ensure finalization in the system after approval, and review invoices for accuracy.
  • Payments and LC Invoices: Make timely payments for vendor invoices based on payment terms, prepare LC invoices, and obtain approval from BU and concerned authorizers.
  • Reporting and Analysis: Prepare aging reports, discuss them with BU, check unknown deposit amounts, report critical issues, and ensure provisions for doubtful amounts.
Banks and Treasury
  • Bank Reconciliation: Check daily statements, upload transactions on ZFF67, perform daily reconciliation, and clear FEBA for matching transactions.
  • Treasury Reconciliation: Ensure daily reconciliation with treasury, follow up on pending transactions, record CT transactions, and conduct monthly reconciliation.
Reporting and Compliance
  • Monthly Summary Report: Create a summary report for all bank accounts, highlighting special cases and processing criteria.
  • Regulatory Compliance: Maintain good knowledge of Saudi regulations and ensure compliance in all financial dealings.
Requirements
  • Experience: 5-10 years of experience in project accounting.
  • Skill Set: Strong accounting skills, familiarity with ERP systems (SAP), and excellent analytical and problem-solving abilities.
  • Education: Bachelor's Degree in Finance or Accounting.


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