Accountant

Job description: Job Purpose Responsible 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 Operations - Prepare 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 Payments - Process 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 Payments - Verify 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 Support - Ensuring 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 Transactions - Process 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 Records - Create 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 Accountabilities - Payment 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 & Experience - Bachelor'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.

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