IMMEDIATE - BRANCH ACCOUNTANT - SAUDI ARABIA

A Leading Shipping & Marine Service Company is  looking for a Branch Accountant for Dammam, Saudi Arabia

Position: Branch Accountant

Experience: 10–12 Years

Qualification: M.com/Post Graduation in Finance 

Salary : SAR 10000–15000 +  Accommodation + Transportation + Tickets + Insurance

Duty time : 9 Hours

Work Scope and Job Responsibilities:

-Maintaining books of accounts of the above two entities at Business Area (BA) level, including raising of all commercial revenue invoices, the purchase of materials and services, the entry of bank and cash payment and receipts, credit and debit notes and journal vouchers

-Liaising with Arabic translator for all translation activities wherever required

-Maintenance and processing of monthly payroll of employees and filling out all required statutory forms and returns by the due date

maintenance of petty cash, employee travel and other reimbursements

dispatch of all invoices to customers either thru courier, hired driver or other mode with all supporting documents in time

-Preparation and filing of value-added tax (VAT) and withholding tax (WHT) returns periodically, as applicable, within the due dates

-Monthly closing of accounts as per instructions of Head Office (HO)

-Timely reconciliation and netting of all inter company transactions

-Maintenance and updating of Fixed Assets Register for additions, deletions, transfers, depreciation and other similar activities

-Reconciliation of all accounts receivable and accounts payable accounts periodically and follow-up with customers and vendors

-Liaison with banks for Bank Guarantees (BG), Letter of Credit (LC) and other similar arrangements.

-Preparation of monthly reports, including AR ageing, AP ageing, inventory ageing, actual cash flow, projected cash flow and other similar management reports

-Working with various Auditors and consultants for timely completion of annual audit, filing of Zakat tax returns and other other similar activities.

-Regular interaction and follow-up with customers for timely collection of receivables

-Monitor accounts to identify outstanding receivables and maintain average collection period

-Investigate historical data for each receivable amount or bill

-Find and contact customers to ask about their overdue payments

-Coordinating with credit collection team for credit terms reviews on the basis of customer performance

Skills:

-Proven experience as an in-charge for a large branch

-Working knowledge in any ERP software and working knowledge of Oracle Net Suite (NS) would be an added advantage. 

comfortable working with targets, patience, and the ability to manage stress

excellent communication skills (written and oral), negotiation and problem-solving skills

Education qualification:

A graduate or postgraduate degree in Commerce from any reputed University and MBA are preferred

Experience:

-Minimum 15 years’ experience in the finance department and minimum 5 years of experience as in charge of a large branch

-Working in MNCs is highly preferred and working experience in marine industry is an added advantage.

-Working experience in KSA or any other GCC countries is an added advantage.