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Accountant and Auditing

2.00 to 3.00 Years   Eastern Province, Saudi Arabia   23 Jun, 2023
BTTC
1 Jobs Openings
Job LocationEastern Province, Saudi Arabia
EducationNot Mentioned
Salary$1,500 - $2,000
IndustryShipping; Automotive Repair, Spare Parts, & Support Services
Functional AreaNot Mentioned

Job Description

General Accounting:

  • Assist in monthly closings and journal entries in order to generate concise and standardized accounting statements.
  • ˙Assist in the financial reconciliation of specific accounts (e.g., accrual expenses, provisions) in order to ensure adequacy and accuracy of all financial data.
  • Update and reconcile the general ledger with all the transactions and activities, so as to enable the accurate monitoring and reporting of all transactions.
Account Payables:
  • Execute the payment of the invoices related to capital and operating expenses, reviewing that fully comply with the processes and procedures of Bakhashab.
  • Update all transactions in the accounting system and proceed to the allocation of expenses to the respective cost center, so as to enable the continuous follow-up of budget execution.
Payroll ManagementProcess the monthly payroll for all employees ensuring its accuracy and the timely payment of compensation and benefits.Contracts and Accruals:
  • Review the contracts with third parties to assess the relevant accruals and proceed to their calculation and estimations, updating˙the relevant data and adjusting the relevant payment obligations.
  • Review all invoices received, so as to assess their compliance with the payment terms of the contracts.
  • Project the payments and cash flow required, so as to support the satisfaction of all payments needs.
  • Monitor the accurate update of the system with the all the payments approved so as to enable the reconciliation with the payments executed.
Taxes and Zakat:
  • Collect all required data for the accurate calculation of tax & Zakat and proceed to the preparation of the relevant reports for informing accordingly the appropriate authorities.
  • Follow up regulatory changes on a regular basis in order to maintain full and correct information on tax and Zakat related legislations and regulations and ensure Bakhashab abides by tax and Zakat legislations.
  • Calculate the tax and Zakat payments according to the legislation, in order to facilitate the compliance of Bakhahab with the legislation.
Control:
  • Control general ledger accounts including trial balances, inter-accounts, general ledger rejected transactions and work in progress in order to ensure matching of total debits and credits.
Reconciliation:
  • Ensure suspense accounts are reconciled in accordance with transactions recorded and processes so that once proper accounts are determined, suspense accounts are moved smoothly and perform the escalation as per the Bakhashab policy.
Continuous Improvement:
  • Contribute to the identification of opportunities for continuous improvement of business processes, productivity and cost reduction.
Reporting:
  • Prepare timely and accurate statements and reports to meet operational / business requirements, policies and standards.
COMMUNICATIONS & WORKING RELATIONSHIPS (Illustrative not exhaustive):Internal:Regular interactions with Accounting to provide up-date on progress against strategic objectives, and report any significant matters.˙Regular interactions with the business units to coordinate on cross-functional matters, plans and integrated solutions.˙External:Banks, Financial Institutes, Auditors, Regulatory Authorities.

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