Job Summary
Senior Treasury Accountant is responsible to monitor bank accounts, ensure fund availability, monitor cash flow, and record treasury related accounting entries.
Job Responsibilities
Treasury and Bank Accounts
- Monitor the cash funds available in company bank accounts. Generate reports and raise alert to ensure sufficient funds are available to run business operations
- Prepare & share projected cash flow statement on monthly basis
- Maintain relationships with banks. Apply for bank loans as per requirements post approvals, handle all the paperwork, and maintain the loans repayment and finance cost schedules
- Maintain banking documents and monitor expiry dates for letters of credit, lines of credit, term loans, renewals, etc. Handle refinancing process of LC's
- Maintain and open new bank accounts as instructed. Maintain the master list of bank signers and update as necessary
- Monitor bank service fees, interest, etc. Raise issues with quality of service and escalate if necessary
Process payment
- Process petty-cash payment for requests received from AP through check or wire transfer. Ensure compliance with company policies and procedures
- Ensure and check the supporting documents along with every payment request
- Coordinate with supplier for check handover and verifying all the supporting documents required
- Monitor deposits and withdrawal from bank accounts. Coordinate with cashiers for deposit of cash and maintain cash deposit receipts.
Treasury Accounting and Reporting
- Perform weekly and monthly reconciliations of bank statements and ensure that the ledger balance is a correct representation of the actual cash in banks
- Perform daily and monthly reconciliation of POS collections with bank statements and ERP records; investigate and resolve discrepancies in a timely manner
- Maintain accurate and timely data entry and follow good accounting practices
- Generate periodic cash flow reports and provide analysis to the manager.
- Gather and compile all year-end treasury transactions financial data to audit figures and determine various financial trends
Job Requirements:
- Bachelor's degree or diploma in Finance and Accounting.
- 3+ years of experience in Financial Accounting with experience in Treasury Accounting.
- Proficiency in written and verbal Arabic and English languages.
