Senior Accountant (Payable)

Recruiter
Almajdouie Holding
Location
Eastern Province, Saudi Arabia
Salary
Competitive
Posted
26 Mar 2019
Closes
26 May 2019
Ref
3899067
Job role
Accountant
Sector
Public sector
Tasks and responsibilities:


  • Entering and Validating supplier invoices

  • Reconcile suppliers liability accounts

  • Monthly reconciliation with suppliers

  • Monthly reconciliation for Sub-ledger with GL

  • Monthly reconciliation to supplier advances

  • Responsible for AP Period-end close.

  • Responsible for intercompany and affiliate reconciliation.



Purpose of the Job (Overall accountability):


  • The Job Holder is responsible to handle all accountabilities for the Accountant that having a higher requirement of accuracy, experience, and processing, in addition, to ensure that other accountants abide by accounting methodologies and implemented practice.

  • The Job Holder is responsible to carry out the core accounting activities of the SBU, including the review of accounts, assisting audits, conducting budget calculations, and generating revenue projections for all SBUs.

  • The Job Holder is responsible to assist in the implementation of financial policies for SBU to ensure the effective financial management of SBU’s affairs and compliance with any relevant regulations.

  • The Job Holder is responsible to analyze financial information and prepare periodic financial reports on SBU’s operations to present to the group finance and board of directors.



Principal responsibilities/accountabilities:


  • Maintains reliable and accurate accounting records for the SBU and produces reports as necessary to facilitate the effective management of the SBU.

  • Maintains day-to-day control of all accounting systems to ensure the complete and accurate processing of financial data and ensures adherence to internal procedures and policies.

  • Ensures the adherence to prescribing the SBU financial and commercial principles, systems, procedures, and practices, in order to provide financial and management reports and forecasts to the SBU.

  • Establishes efficient procedures for processing time records and payroll transactions, compiling payroll statistics, maintaining payroll control records, and transferring payrolls to the bank according to the Head Office policies.

  • Ensures the timely and proper preparation of the year-end accounts and assist external auditors in their completion of the year-end audit.

  • Assists in the preparations of the annual budget and generate cash flow forecasts against budget projections to assist decision making.

  • Ensures the establishment of budgetary policies, procedures, and process within SBU, and that budget compilation takes place on a timely basis every year.

  • Reviews financial information detailing assets, liabilities, and capital, and prepares a balance sheet, profit, and loss statements, and other reports to summarize current and projected financial position of SBU, along with Chief Accountant & in the absence of Chief Accountant

  • Reviews and authorizes contracts, orders, and vouchers within discretionary authority limits prior to settlement.

  • Monitors, financial transactions vis-à-vis projected cash and funds flows and initiates appropriate retrieval measures if required.

  • Ensures that appropriate retrieval measures are taken relating to the accounting areas, based on reports submitted by Internal / External Auditors.

  • Maintains ongoing and harmonious relations with relevant governmental agencies and SBU’s banking channels.

  • Scrutinizes operational and other management reports and prepares high-level management analysis for management decision-making.

  • Participates in the preparation of operating expenditure budget for corporate operations and monitors budget utilization.

  • Advises corporate management on matters, such as effective use of resources and assumptions underlying budget forecasts.

  • Assists in the development, review, and improvement of accountancy computer systems within SBU.

  • Provides advice on accountancy issues to division heads and staff as required.

  • In the absence of the Chief Accountant, supervises accounts staff to ensure that they are appropriately motivated and trained to carry out their responsibilities effectively.

  • Follows procedures of reporting on performance, budgets and other reports required from time to time to the Group Consolidation Accountant.

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