Senior Associate, Control & Reconciliation

  • Location:
  • Salary:
    negotiable / YEAR
  • Job type:
  • Posted:
    6 months ago
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  • Deadline:


IDB3176 – Senior Associate, Control & Reconciliation

Business Unit:ITFC
Division:Not Applicable
Department:Not Applicable
Contract type:Regular Staff
Country:Saudi Arabia
Location:Saudi Arabia – Jeddah
Closing date:31-Oct-2023



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




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.




  • Bachelor in Accounting/Finance or similar discipline.
  • CPA, CA, ACCA, CMA or CIMA is preferred.


Language Skills:


▪ English is compulsory

▪ Arabic or French are preferable


Years of Experience:


Minimum 2 years of experience


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