bank accountant

Roles & Responsibilities

· Define payment execution banks and funds receipts together with the Treasury Operations Manager for the different projects or departments.

· Execute banks payment plan for vendors payments, to be approved by the Treasury Operations Manager.

· Execute approved suppliers’ payments via internet banking/manual forms.

· Obtain payment receipts and circulate them internally or to vendors when needed.

· Handle the LGs and LCs applications with banks and stakeholders.

· Ensure sufficient funds availability for loan installments due payment & interest charges.

· Review installments and interest on bank statements versus treasury reports.

· Update loan reports based on statements actual figures and circulate monthly updated reports.

· Request/download bank account statements from banks/banking portals.

· Perform bank reconciliations. Check variances and adjust records as needed.

· Create monthly closing journal entries related to bank expense, FX difference, interest expense and loan installments.

· Communicate bank reconciliation variances and open items with the Treasury Operations Manager.

· Conduct adjustments to the system based on any reconciliation variation.

· Handle activities related to cheque book management including filling cheque book requests, maintaining a cheque book register, and communicating with the bank.

· Notify the treasury operations manager and the respective teams (AR, Projects, departments dealing directly with the client) in case of customer cheque rejection.

· Handle communication with the bank when opening / closing bank accounts.

· Communicate financial and non-financial documents to bank as requested.

· Prepare the required documentation and breakdowns requested by GL team regarding periodic financial position, by external auditor for annual financial statements or by tax advisor for tax reporting and inspection.

· Generate monthly Bank Reconciliation Report, Loan Utilization Report using actual figures and daily Bank Position Report to be reviewed by the Treasury Operations Manager.

· Generate ad-hoc Banks commission reports and initiate opportunities of savings when possible.

· Comply with the sections’ documented polices & procedures.