Accounting Manager (open vacancy) – Riyadh
Job Description
To ensure that the laid down Financial and Accounting Policies, Regulations & Formats are rigidly followed by all concerned.
• To periodically review the existing Chart of Accounts and structural modifications, if any, required
should be comminuted to the direct superior for his consideration and approval.
• To ensure timely establishment and amendments, if any, of all Letters of Credit, as instructed by
superiors from time to time.
• To arrange for Bank Guarantees, as instructed by superiors from time to time.
• To ensure timely release of retention amounts in respect of all matured LCs and expired BGs.
• To carry out annual review of all insurance policies and value or risk coverage modifications, if any, required should be comminuted to superiors for their consideration and approval.
• To ensure timely renewal of all insurance policies and equipment maintenance agreements & leased real estate rents as well as arrangements of due payments on time.
• To liaise with Al-Andalus Holding co. underwriters for issuance and renewal of any insurance policies required under Construction/Electronic projects agreements/contracts entered into by JJE from time to time.
• To ensure that the cash balance in Al-Andalus Trading Co. Main Office safe at the close of each working day is within the insured limit.
• To maintain and supervise a proper and to update the accounting system.
• To supervise checking & verifying cash-in-hand / physical cash balance report on a weekly basis and advice discrepancies, if any, to superiors. etc.… as per details given below: –
o Cash & Bank Payment Vouchers
o Stock Reconciliation Statements (TB, BS, P&L, GL & Stock..ETC.
o Cash & Bank Receipts Control Modules)
o Journal Vouchers o Staff Imprest & Temporary Advance Requisitions
o Sales/Purchase Invoices
o Staff Travel Claims (Local / overseas)
o Debit/Credit Notes
o Expense Reimbursement Claims
o Monthly Account Balance & Aging Reports (A/R, A/P & Inventory)
o Staff overtime Claims
o Monthly Payment Plan of Overseas Suppliers
o Applications for Salary Advance/Staff Loans
o Monthly Bank Reconciliation Statements
Annual Leave/Final Settlement Claims
o Monthly Time Sheets
o Bank Interest & Finance Charges
• To prepare all reports required
• Provisions, and accruals for Expenses (All Dept., Regions, Branches) ( Quarterly )
• To assist the Sales Dept in collection of all outstanding debts of Al-Andalus Trading co. to ensure timely payment of all genuine commitments of Al-Andalus Trading co.. In the event of non-availability or lack of funds, the direct superior should be advised accordingly.
• To arrange for verification/certification of accounting records as well as computation and timely payment of Zakat (2.5% annual religious donation) as per Zakat Executive By-Law/Regulations.
• To render all assistance and co-operation to the external auditors in conducting the interim and annual audit of accounts as well as answering all audit queries.
• Compilation & submission of accounting data/information as may be required by Gov. Ministries/Authorities.
• To handle all routine correspondences with Al-Andalus Trading co. customers, suppliers, clearing agents, bankers & Auditors. Responsible for proper filing and safe custody of all accounting documents and records including original equipment maintenance agreements, mortgage deeds, contracts, insurance policies etc.
• To perform any other similar or related job duties and responsibilities as assigned by superiors
• Coordinate with Finance manager of the Al-Andalus Trading co. mainly, and in the temporary bases to the GFD of the Al-Andalus Holding co..