Senior Accountant - Projects
Job description
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.