Job Duties:
Managing bank accounts, maintaining financial records, performing banking operations, providing financial advice to the company, and handling the cash management system. Keeping financial records updated, preparing reports and reconciling bank statements.
1.General duties
- Monitor bank accounts on daily basis and reconcile the balance taking in consideration entries affecting banks such as custom clears payments, supplier’s transaction, etc…
- Handle all bank transactions, & official correspondence, memos, & letters that are related to import contracts, facilities, L. G’s and advanced payments.
- Post to the subsidiary ledgers and reconciling the ledger accounts.
- Prepare bank deposits & post journal entries to the general ledger.
- Manage bank reconciliation procedures.
- Book recurring monthly transactions in and out of the operating bank account (payroll entries, lease payments, rent expenses, etc.)
- Ensure that the bank’s accounting practices, classifications, and reporting adheres to compliance and regulatory standards.
- Hold the responsibility of closing the books of accounts of a branch at the end of every month.
2.Bank facilities, checks &LGs.
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- Track loans, premiums and withdrawals to / from banks in order to coordinate re-paid on time to avoid delay penalties.
- Issue cheque based on a signed fund request, ensure all request is well documented before the issuance (signed PO#, provided invoice, copy of the commercial register and tax ID of the supplier) are attached.
- Ensure that all debit transactions on bank statement have been correctly matched with manual cheques, direct credits and book journals have been matched within the week.
- Issue LGs after reviewing the contract conditions.
- Monitor LGs account and provide a weekly report, raising the due LGs to release and close and share it with the receivable team, following up LGs releasing.
- Register different aspects of banking operations on the bank accounts and follow-up with the banks and the movement of work a day and a report printed.
- Assist in the preparation of financial statements at the end of each month and quarter.
- Prepare bank treasury relevant reports including bank borrowing, deposits, term loan and auto loan.
3.Documentation, reporting & data analysis
- Update the cash position on a daily, weekly and monthly basis.
- Maintain an accurate, updated and detailed cash / checks logs.
- Prepare regular report with cash flow statement.
- Responsible for interest and debt analysis.
- Register different aspects of banking operations on the bank accounts and follow-up with the banks and the movement of work a day and a report printed.
- Assist in the preparation of financial statements at the end of each month and quarter.
- Prepare bank treasury relevant reports including bank borrowing, deposits, term loan and auto loan.
- Qualifications &Requirements:
- Bachelor’s degree in accounting.
- Minimum 8 years of experience in Bank Accounting in Import Field is a MUST.
- Excellent command of English.
- Proficient user of MS Office applications.