Overview
Senior Accountant Projects Jobs in Riyadh, Saudi Arabia at Almajdouie
Purpose:
Monitoring all transactions related to Projects (AP, A/R, Project, GL, Inventory, Controlling, etc.)
Contracts and Sales Invoice:
Study all client contracts and ensure that sales invoices are issued based on the payment terms in the contract.
Inform management if there are advance sales invoices not issued yet.
Ensure that the bank guarantee is issued for all projects and matches accordingly.
Ensure that all sales invoices are issued based on the actual POC and shortage billing reports.
Collections:
Ensure that all collections are recorded either through the treasury or bank.
Ensure clearing for all collections with sales invoices.
Vendor Invoice:
Follow up with BU to finalize all vendor invoices received due to completed progress.
Ensure finalization of all vendor invoices in the system after approval from BU based on MIGO reports.
Revise vendor invoices for any comments or mistakes.
Payments:
Ensure payments for due vendor invoices are issued based on the payment terms.
Ensure advance payments for purchase orders are issued based on payment terms.
Ensure clarity for advance payments with progress vendor invoices.
Follow up to prepare the LC invoice and get approval from BU & concerned authorizer.
Reports:
Prepare the aging report and discuss it with BU.
Prepare the shortage billing report based on actual POC and discuss it with BU.
Check unknown deposit amounts with BU and resolve the issue.
Report all critical issues and discuss them with BU to take appropriate action.
Ensure provisions for all doubtful amounts and check the impact on ECL.
Banks:
Check daily statements of account for all banks and ensure there are no risks in bank transactions.
Ensure all daily bank transactions are uploaded on ZFF
67 (for banks not linked with bank by MT940).
Ensure daily reconciliation for all banks and make clearing “FEBA” for all matching transactions between the bank and system.
Ensure monthly reconciliation for all banks.
Treasury (CT):
Ensure daily reconciliation with treasury, find differences, and follow up to record pending transactions from all sides.
Ensure recording of all CT transactions (LG charges, LC charges, finance cost, internal transfer, etc.) and verify that costs are recorded correctly.
Ensure monthly reconciliation with CT is completed and signed by all sides.
Reporting:
Prepare a monthly report (summary) for all bank accounts including all special cases that occurred during the month and the criteria for processing them.
Skills
Knowledge and
Experience:
5-10 years of experience in Projects.
Good knowledge of Saudi regulations.
Strong accounting skills.
Experience with ERP systems (SAP).
Education and
Certifications:
Bachelor’s Degree in Finance or Accounting.
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Title: Senior Accountant Projects
Company: Almajdouie
Location: Riyadh, Saudi Arabia
Category: Finance & Banking (Accounts Receivable/ Collections, Financial Reporting, Accounting & Finance, Bookkeeper/ Accounting Clerk), Accounting (Accounts Receivable/ Collections, Financial Reporting, Accounting & Finance, Bookkeeper/ Accounting Clerk)
