Accountant, Banking & Finance, Financial Reporting

Trading and Development Partnership Riyadh

The Banks Accountant is required to execute payments, record banking transactions, reconcile bank balances and coordinate statutory requirements with the bank.

• Define payment execution banks and funds receipts together with the Treasury Operations Manager for the different projects or departments.
• Develop banks payment plan for vendors payments, to be approved by the Treasury Operations Manager.
• Execute approved suppliers’ payments via internet banking/manual forms.
• Obtain payment receipts and circulate them internally or to vendors when needed.
• Handle the LGs and LCs applications with banks and stakeholders.
• Ensure sufficient funds availability for loan installments due payment & interest charges.
• Review installments and interest on bank statements versus treasury reports.
• Update loan reports based on statements actual figures and circulate monthly updated reports.

• Request/download bank account statements from banks/banking portals.
• Perform bank reconciliations.
• Check variances and adjust records as needed.
• Create monthly closing journal entries related to bank expense, FX difference, interest expense and loan installments.
• Communicate bank reconciliation variances and open items with the Treasury Operations Manager.
• Conduct adjustments to the system based on any reconciliation variation.
• Handle activities related to cheque book management including filling cheque book requests, maintaining a cheque book register, and communicating with the bank.
• Notify the treasury operations manager and the respective teams in case of customer cheque rejection.
• Handle communication with the bank when opening / closing bank accounts.
• Communicate financial and non-financial documents to bank as requested.
• Prepare the required documentation and breakdowns requested by GL team regarding periodic financial position, by external auditor for annual financial statements or by tax advisor for tax reporting and inspection.
• Generate monthly Bank Reconciliation Report, Loan Utilization Report using actual figures and daily Bank Position Report to be reviewed by the Treasury Operations Manager.
• Generate ad-hoc Banks commission reports and initiate opportunities of savings when possible.
• Comply with the sections documented policies & procedures.

• Bachelor's degree in accounting, finance.
• 2-3 years of experience in accounting preferably within the same industry.
• Valid membership with the Saudi Organization for Chartered and Professional Accountants (SOCPA).