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Job Purpose
This position exists to perform the accounts central treasury activities efficiently, in timely manner and quality standards as per the defined policies and procedures to achieve departmental operational plans and developments.
Key Accountability Areas
Bank Guarantee:
- Review, prepare, process, and communicate banks to ensure issuance, amendment or cancellation of bank guarantee end to end on time.
- Maintain all transactions related to Letter of Guarantee in SAP accurately.
- Prepare the monthly reconciliations with banks record for outstanding Letter of Guarantee.
- Report the status and aging of outstanding letter of guarantee.
Export L\C:
- Review, check, process, and follow up with our banks for all transaction related to Export L\C accurately and on timely manner.
- Track, monitor and communicate banks to confirm the collection of commercial invoice proceeds under Export L\C.
- Review and Confirm all issuance and amendment of Export L\C.
- Maintain all transactions related to Export L\C in SAP accurately.
Bill Collection:
- Review, check, process, and follow up with banks for all transaction related export Bill Collection accurately and on timely manner.
- Track and follow up for confirming and collection of commercial invoice under export Bill Collection.
- Maintain all transactions related to export Bill Collection accurately.
Import LC:
- Review, prepare, process, and communicate banks to ensure the issuance or amendment of required new Import LC end to end on time.
- Accurately maintain Import LC settlement and maturity date.
- Coordinate and communicate with external parties to deliver the shipping documents under Import LC.
- Prepare the monthly reconciliations with banks record for outstanding Import LC.
IBC:
- Communicate and follow up with banks to release bill of advice udder IBC on time.
- Review, process, communicate with banks for acceptance of IBC.
- Accurately maintain IBC settlement and maturity date.
- Supply Chain Finance:
- Review, prepare, process, and communicate banks for Supply Chain Finance Request
- Accurately maintain SCF settlement and maturity date.
- Reporting the current utilization of SCF.
Authorization Letters:
- Prepare Banks Authorization letter for alfanar representatives.
Other:
- Communicate and follow up with our banks to release import bill of advice on time.
- Review, process, communicate with bank for acceptance of discrepancy.
- Discounting deferred commercial invoice and reviewing discounting fees accurately.
Role Accountability
HR Proficiency:
Ability to obtain updated soft and technical skills related to the job
To have a vision and a plan for the career path and how to achieve it.
Delivery:
Perform the planned activities to meet the operational and development targets as per delivery schedules.
Utilize resources effectively to achieve objectives within efficient cost and time.
Provide a periodic report formatted by detailing the deviation and execution of planned tasks.
Problem-Solving:
Solve any related problems arise and escalate any complex operational issues.
Quality:
Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.
Business Process Improvements:
Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.
Compliance:
Comply to related policy and procedures and work instructions.
Health, Safety, and Environment:
Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.
Academic Qualification
Bachelor Degree in Accounting and Finance
Work Experience
2 to 5 Years
Technical / Functional Competencies
Accounting Best Practices
Accounting Methods
Accounting Principles
Accounting Rules/Guidelines
Accounting Systems
Accounting Theory/Concepts
Bank Customer Accounts (BCA)
Cash Flow Analysis
Cash Management
Financial Analysis
Financial Planning
Financial Products/Svcs
Financial Reporting
Financial Risk Management
