Project Accountant and Compliance Specialist
6 days ago
Job Description:
Role OverviewWe are looking for a skilled Project Accountant and Compliance Specialist to join our team at Arab National Bank. This role will be responsible for managing financial transactions related to projects, ensuring compliance with client contracts, and coordinating with vendors.
Main Responsibilities- Oversee all project-related financial transactions, including accounts payable, accounts receivable, general ledger, and inventory.
- Review client contracts to ensure sales invoices align with payment terms.
- Notify management of any outstanding sales invoices.
- Verify the issuance of bank guarantees for all projects and ensure accuracy.
- Ensure sales invoices are issued based on actual purchase orders and shortage billing reports.
- Record all collections either through the treasury or bank.
- Clear all collections with sales invoices.
- Process timely payments for due vendor invoices based on payment terms.
- Initiate advance payments for purchase orders according to payment terms.
- Clarify advance payments with progress vendor invoices.
- Prepare the aging report and discuss it with the business unit.
- Prepare the shortage billing report based on actual purchase orders and discuss it with the business unit.
- Verify unknown deposit amounts with the business unit and resolve issues.
- Report all critical issues and discuss them with the business unit to take corrective action.
- Ensure provisions for all doubtful amounts and check the impact on expected credit loss.
- Review 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 matching transactions between the bank and system.
- Conduct monthly reconciliation for all banks.
- 5-10 years of experience in projects.
- Good knowledge of Saudi regulations.
- Strong accounting skills.
- Familiarity with ERP systems (SAP).
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