Senior Accountant Projects

Purpose:

1. Monitoring all transactions related to Projects (AP, A/R, Project, GL, Inventory, Controlling, etc.)

Contracts and Sales Invoice:

1. Study all client contracts and ensure that sales invoices are issued based on the payment terms in the contract.
2. Inform management if there are advance sales invoices not issued yet.
3. Ensure that the bank guarantee was issued for all projects and is matching.
4. Ensure that all sales invoices were issued based on the actual POC and shortage billing reports.

Collections:

1. Ensure that all collections are recorded either through the treasury or bank.
2. Ensure clearing for all collections with sales invoices.

Vendor Invoice:

1. Follow up with BU to finalize all vendor invoices received due to completed progress.
2. Ensure finalization for all vendor invoices in the system after approval from BU based on MIGO reports.
3. Revise vendor invoices for any comments or mistakes.

Payments:

1. Ensure payments for due vendor invoices are issued based on the payment terms.
2. Ensure advance payments for purchase orders are issued based on payment terms.
3. Ensure clarity for advance payments with progress vendor invoices.
4. Follow up to prepare the LC invoice and get approval from BU & concerned authorizer.

Reports:

1. Prepare the aging report and discuss it with BU.
2. Prepare the shortage billing report based on actual POC and discuss it with BU.
3. Check unknown deposit amounts with BU and resolve the issue.
4. Report all critical issues and discuss them with BU to take appropriate action.
5. Ensure provision for all doubtful amounts and check the impact on ECL.

Banks:

1. Check daily statements of accounts for all banks and ensure no risks in bank transactions.
2. Upload all daily bank transactions on ZFF67 (for banks not linked with bank by MT940).
3. Perform daily reconciliation for all banks and clear “FEBA” for all matching transactions between bank and system.
4. Conduct monthly reconciliation for all banks.

Treasury (CT):

1. Ensure daily reconciliation with treasury, find differences, and follow up to record pending transactions from all sides.
2. Record all CT transactions (LG charges, LC charges, finance cost, internal transfers, etc.) and take samples to ensure costs are recorded correctly.
3. Ensure monthly reconciliation with CT and sign it from all sides.

Reporting:

1. Create a monthly report (summary) for all bank accounts, including special cases that occurred during the month and the criteria to process them.

Skills

Knowledge and Experience:

1. 5-10 years of experience in Projects.
2. Good knowledge of Saudi regulations.
3. Strong accounting skills.
4. Experience with ERP systems (SAP).

Education and Certifications:

1. Bachelor’s Degree in Finance or Accounting.