Senior Accountant - Projects

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 that sales invoices are issued based on the payment terms in the contract.
• Inform management of any advance sales invoices not yet issued.
• Ensure that a bank guarantee is issued for all projects and matches with the relevant documents.
• 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 of 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.
• Review vendor invoices for any comments or mistakes.

Payments:

• Ensure payment for due vendor invoices based on the payment terms.
• Ensure advance payments for purchase orders are made based on payment terms.
• Ensure clarity for advance payments with progress vendor invoices.
• Follow up to prepare LC invoices and get approval from BU and 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 issues.
• 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.
• Upload all daily bank transactions on ZFF67 (for banks not linked by MT940).
• Perform daily reconciliation for all banks and clear “FEBA” for all matching transactions between bank and system.
• Conduct monthly reconciliations for all banks.

Treasury (CT):

• Ensure daily reconciliation with treasury and find differences, following up to record pending transactions from all sides.
• Record all CT transactions (LG charges, LC charges, finance cost, internal transfer, etc.) and take samples to ensure costs are recorded correctly.
• Conduct monthly reconciliation with CT and obtain signatures from all sides.

Reporting:

• Prepare a monthly summary report for all bank accounts, including 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.