Senior Associate, Control & Reconciliation

  • Location:
  • Salary:
    negotiable / YEAR
  • Job type:
    FULL_TIME
  • Posted:
    6 months ago
  • Category:
  • Deadline:
    31/10/2023

JOB DESCRIPTION

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

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, 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

 

This job has expired.