IDB3176 - Senior Associate, Control & Reconciliation

Business Unit: ITFC
Division: Not Applicable
Department: Not Applicable
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 31-Oct-2023

JOB PURPOSE:

This role is responsible for reconciling the bank statements with the general ledger and detecting any discrepancies and potential for fraud.

KEY RESPONSIBILITIES:

Core Responsibilities

▪ Monitoring bank transactions on daily basis and daily report and analysis of open items in bank accounts

▪ Reconciling bank accounts with the general ledger, including reconciling checks and/or deposits in an accurate and periodic manner.

▪ Interacting with other Departments  to reconcile relevant items..

▪ Validating the accuracy of the financial information generated by reconciliations.

▪ Supporting Internal control evaluation at design and effectiveness level within financial reporting process.

▪ Providing all the required information to the auditors to facilitate the audit process and implementing changes to accounting and reporting processes as recommended by the Auditors.

▪ Executing projects around system enhancement such as automation of reports to improve turnaround time and quality of reports.

▪ Standardizing the recording and reporting process to drive process efficiencies in financial MIS reporting.

▪ Participating in Finance & Accounting improvement initiatives (such as leveraging technology for financial reporting, documentation of manuals etc.) to contribute to the overall effectiveness of Finance & Accounting.

QUALIFICATIONS AND COMPETENCIES:

  • Bachelor in Accounting/Finance or similar discipline.
  • CPA/ACCA or similar is required.

Language Skills:

▪ English is compulsory

▪ Arabic or French are preferable

Years of Experience:

Minimum 2 years of experience