Roles & Responsibilities
· Define payment execution banks and funds receipts together with the Treasury Operations Manager for the different projects or departments.
· Execute 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 (AR, Projects, departments dealing directly with the client) 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 polices & procedures.
Qualifications
· Bachelor’s degree in accounting, finance, or a related field.
· 2-5 years of experience in accounting preferably within the same industry.
Skills & Competencies
· Strong knowledge of ERP (preferably Oracle Fusion, SAP and / or MS Dynamics).
· Advanced Microsoft Office Skills.
· Strong accuracy and attention to details.
· Good analytical and organizational capabilities.
· Good knowledge of GAAP and/or IFRS.
· Good Command of spoken and written English language.
Trading and Development Partnership (TDP) is a Saudi Company established in 1976 involving in the following types of business: - Geosynthetic Division TDP is committed to serve the industry with professional and to make available total solution, working as a bridge between supplier and user. TDP is continuing to serve a number of organizations in Saudi Arabia for more than 23 Years. TDP claims to be supplier/ contractors who care quality, efficiency and services. TDP meet the requirements of its customers with specific time, at a lower cost and to their entire satisfaction. Our principle aims is to provide quality oriental total solution more concerned on the mutual beneficial long term relationship.