Requirements
The ideal candidate will possess a Bachelor's degree in Accounting, Finance, or a related field, with 2-4 years of relevant experience in accounting, treasury, accounts payable, or financial operations. Experience with SAP, banking transactions, payment processing, handling local and foreign currency payments, VAT, WHT, SADAD, L/Cs, and bank guarantees is preferred.
Description
Job description:Job PurposeResponsible for managing and processing daily banking and payment transactions, ensuring accurate and timely execution of local and international payments, employee-related payments, government and utility payments, and other financial transactions. The role also supports cash management, SAP accounting entries, bank charges, fixed asset creation, VAT/WHT-related payments, and the maintenance of accurate financial records in accordance with company policies and procedures.Key Duties & Responsibilities1. Banking OperationsPrepare and process daily bank transfers and payments, including local vendors, foreign suppliers, employees, government entities, and affiliated companies.Ensure all payments are processed accurately and within the required timelines.Monitor scheduled payments and coordinate with relevant consultants and stakeholders to ensure timely completion.Review payment-related emails and follow up with concerned parties to avoid payment delays.Prepare and share payment confirmations and supporting documents with relevant stakeholders.Record and monitor foreign currency payments to automotive OEMs, including USD and EUR invoices, ensuring the correct exchange rates are applied.Identify and record bank charges related to Letters of Credit (LCs) and bank guarantees and allocate them to the appropriate Business Units.Coordinate with concerned departments to ensure the collection of original L/C documents required for port clearance.2. Employee & Internal PaymentsProcess monthly salary-related bank payments for SMYN employees, including employee loans and advances.Process and record SMYN donations and related bank transactions in SAP.Ensure all employee-related payments are accurately recorded and properly supported.3. SADAD & Utility PaymentsVerify and process SADAD payments for TAMM, telephone bills, electricity bills, water bills, and other applicable company obligations.Process and record electricity and telephone bill payments in SAP, including transactions related to SMYN accounts.Ensure all time-sensitive government and utility payments are completed within the required deadlines.4. Cash & Daily Accounting SupportEnsuring proper handling of cash and completion of cash reconciliations.Process payments and accounting entries related to customs duties and other SADAD transactions.Ensure all transactions are properly documented and supported in accordance with financial procedures.5. Tax & Financial TransactionsProcess monthly VAT invoice and WHT-related payments/templates for onward submission to the Zakat and Tax Department.Ensure tax-related payment information is accurate, complete, and submitted within required timelines.Support the Finance team in maintaining accurate records related to payments and statutory obligations.6. SAP & Accounting RecordsCreate and maintain fixed asset records in SAP.Record and maintain accounting entries related to payments and other financial transactions.Maintain accurate accounting records and ensure all supporting documents are properly filed and readily available when required.Ensure compliance with company accounting policies, procedures, and internal controls.Key AccountabilitiesPayment Accuracy: Ensure payments are processed accurately with the correct beneficiary, amount, currency, bank details, and supporting documentation.Timeliness: Complete all time-bound payment and banking transactions within the required deadlines.SAP Accuracy: Ensure all relevant transactions are correctly recorded in SAP.Compliance: Ensure payments and financial activities comply with company policies, procedures, and applicable regulations.Documentation: Maintain complete and accurate supporting documentation for all transactions.Coordination: Maintain effective communication with internal departments, banks, consultants, suppliers, and other relevant stakeholders.Qualifications & ExperienceBachelor's degree in Accounting, Finance, or a related field.2–4 years of relevant experience in accounting, treasury, accounts payable, or financial operations.Experience in banking transactions, payment processing, and SAP is preferred.Experience handling local and foreign currency payments is an advantage.Knowledge of VAT, WHT, SADAD, L/Cs, and bank guarantees is preferred.