Financial Analyst

**Key Accountabilities**

**Accounts Payable Transaction Processing**
- Verify and follow up on daily-received invoices and cheque requests by matching them with the purchase orders, and payment terms and agreements to ensure accurate verification and timely and accurate payment of invoices.
- Set invoices for payment, update payment entries into the accounts payable system and process electronic transfers and payments to ensure compliance with the accounts payable process.
- Receive and verify expense reports, allocate them to the correct accounts and cost centres and process the payments to ensure timely payments to employees.
- Update and post accounts payable transactions in the general ledger, generate account payable reports and reconcile processed work by verifying entries and comparing system reports to balances, to ensure timely and efficient reporting and reconciliation of transactions on a monthly basis.
- Follow up with suppliers in case of errors on the invoice or if a further breakdown of costs is required to ensure correct booking and documentation

**Accounts Receivables Transaction Processing**
- Generate invoices for the Project Company as per the payment schedule and send it to them, to enable collection of company receivables.
- Post payments by recording transactions and entering them into the general ledger or accounting software and monitor the deposits in the bank to ensure that all payments are accounted for and properly posted.
- Generate financial statements and monthly reports detailing and paid and unpaid invoices and other accounts receivable status to ensure all stakeholders are informed and updated and any key issues are highlighted.
- Prepare and review the reconciliation of all relevant ledger accounts and verify the validity of account discrepancies in order to ensure all adjustment entries posted in the cost centre system have been passed correctly.

**General Ledger Management**
- Reconcile various GL accounts (i.e. bank accounts, accruals, prepaid assets etc.) by month-end and year-end ensuring accurate and timely closing of account books.
- Update and reconcile the fixed asset register each month along with the GL to ensure that proper coding of assets is done taking into account depreciation and amortisation of assets, as per the NOMAC’s policy and in accordance with requirements.
- Analyse month end accruals, and provide variances for increase or decrease in accruals between the months.
- Follow up with AP, AR & Treasury & other stakeholders for unreconciled and outstanding items.
- Support in the communication of the schedule for month and year end closing activities to stakeholders, as required, in order to ensure timely execution of closing activities.

**Month-end closing activities**
- Conduct and execute closing activities for NOMAC Holding Company / KSA subsidiaries, on a monthly basis in line with accounting policies and procedures to ensure transactions are recorded accurately and reflect the financial standing.

**Issue Resolution**
- Liaise with line manager and other departments for any queries, clarifications, pending approvals, and matters related to processing of invoices, in order to ensure timely resolution.
- Monitor all vendor calls and liaise with suppliers, vendors, banks etc., to resolve any issues and cases with respect to accounts payable transactions to ensure timely resolution of issues.

**Reporting**
- Develop periodical statutory financial reports including financial statements and disclosures, auditing reports, and submit it to the line manager for review, in order to ensure accuracy and comprehensiveness.

**Audits**
- Assist in the completion of audits for the KSA region by providing all the required information to the auditors, providing justifications related to any discrepancies and making relevant changes based on their suggestions, to ensure timely completion and implementation of audit results.

**Documentation and Filing**
- Maintain accounting files and documentation accurately, to ensure compliance with company policy and accepted accounting practices.

**Policies, Processes and Procedures**
- Adhere to all relevant organisational and departmental policies, processes, standard operating procedures, and instructions so that work is carried out to the required standard and in a consistent manner.

**Continuous Improvement**
- Contribute in the identification and implementation of change initiatives, programmes and projects in line with the organisation’s standards.

**Safety, Quality & Environment**:

- Comply with all relevant safety, quality, health and environmental procedures to ensure a healthy and safe work environment.

**Related Assignments**
- Performs other related duties or assignments as directed.
- Handling the Weekly Cash Balance
- Provide the Bank Statements in ordinary basis.
- Handling the BTE Payments
- Handling SADAD Payments
- Handling The Plant Petty Cashes
- Paying the Dividend & TSA
- Provide the Requi