Overview
Project Accountant – Contractor Jobs in Tabuk, Saudi Arabia at Arab National Bank
Purpose:
Monitoring all transactions related to Projects (AP, A/R, Project, GL, Inventory, Controlling, etc.)
Contracts and Sales Invoice:
Study all client contracts to ensure sales invoices are issued based on the payment terms specified in the contract.
Inform management if there are advance sales invoices that have not yet been issued.
Ensure that bank guarantees are issued for all projects and match the contractual requirements.
Ensure all sales invoices are issued based on the actual POC and shortage billing reports.
Collections:
Ensure all collections are recorded either through the treasury or bank.
Make sure all collections are cleared with corresponding sales invoices.
Vendor Invoice:
Follow up with Business Units to finalize all received vendor invoices related to completed progress.
Ensure finalization of vendor invoices in the system after approval from BU based on MIGO reports.
Review vendor invoices for any comments or errors.
Payments:
Ensure payments for due vendor invoices are issued based on payment terms.
Issue advance payments for purchase orders according to payment terms.
Reconcile advance payments with progress vendor invoices.
Follow up on preparing LC invoices and obtaining approval from BU and concerned authorities.
Reports:
Prepare aging reports and discuss them with BU.
Prepare shortage billing reports based on actual POC and review with BU.
Verify unknown deposit amounts with BU and resolve discrepancies.
Generate reports on critical issues and discuss corrective actions with BU.
Ensure provisions are made for doubtful amounts and assess the impact on ECL.
Banks:
Review daily bank statements to identify any transaction risks.
Upload all daily bank transactions on ZFF
67 for banks not linked via MT940.
Perform daily reconciliations for all bank accounts and clear matching transactions (FEBA).
Conduct monthly bank reconciliations.
Treasury (CT):
Perform daily reconciliation with treasury, identify discrepancies, and follow up on pending transactions.
Record all CT transactions (LG charges, LC charges, finance costs, internal transfers, etc.) and verify their accuracy.
Conduct monthly reconciliations with CT and obtain approvals from all relevant sides.
Reporting:
Prepare monthly summaries of all bank accounts, including significant cases and processing criteria.
Skills and
Qualifications:
5-10 years of experience in Projects accounting.
Good knowledge of Saudi regulations.
Strong accounting skills.
Experience with ERP systems (SAP).
Education
and
Certifications:
Bachelor’s Degree in Finance or Accounting.
Title: Project Accountant – Contractor
Company: Arab National Bank
Location: Tabuk, Saudi Arabia
Category: Finance & Banking (Accounts Receivable/ Collections, Accounting & Finance, Financial Reporting, Financial Analyst), Accounting (Accounts Receivable/ Collections, Accounting & Finance, Financial Reporting, Financial Analyst)
