Job Description
Job Purpose
As an Accountant at Tarjama&, you will be responsible for ensuring the accurate and timely management of accounts payable and financial transactions while maintaining compliance with internal policies and external regulations. The position involves processing and reconciling invoices and payments, managing vendor and client's relationships, and contributing to month-end and year-end close activities to ensure accurate financial reporting. By fostering process improvements, safeguarding financial integrity, and managing cash flow, the role supports the organization’s operational and financial objectives and facilitates successful audits and regulatory compliance.
Duties & Responsibilities
Invoice Processing:
- Review and verify invoices for accuracy, completeness, and compliance with company policies to ensure that all revenue and expenses are properly documented and accounted for.
- Enter invoice data into the accounting system and obtain necessary approvals for payment, maintaining accurate and up-to-date records of accounts payable transactions.
Payment Processing:
- Process payments via check, or wire transfer in accordance with payment terms and vendor agreements, ensuring timely and accurate disbursement of funds.
- Reconcile vendor statements and resolve any discrepancies or issues in a timely manner to maintain positive vendor relationships and prevent payment delays.
Vendor Communication:
- Communicate with vendors regarding payment status and address inquiries or concerns promptly, using both written (emails) and verbal (calls/meetings) communication. Foster open and transparent communication to resolve issues and maintain trust.
Payroll Month/Year-End Close Activities:
- Assist with month-end close activities, including accruals and reconciliations, to ensure accurate financial reporting and compliance with accounting standards.
Record Keeping and Compliance:
- Maintain accurate records of accounts payable transactions and ensure compliance with internal controls and regulatory requirements, safeguarding financial integrity and transparency.
Process Improvement:
- Collaborate with cross-functional teams to streamline processes and improve efficiency in accounts payable functions, identifying opportunities for automation and optimization.
Documentation and Compliance:
- Ensure proper documentation and adherence to accounting policies and regulations at Tarjama& to maintain compliance with internal controls and external audit requirements.
- Coordinate and support external audits by providing accurate and comprehensive financial documentation and facilitating audit procedures to ensure successful audit outcomes and regulatory compliance.
Financial Reporting and Reconciliation:
- Assist in the processing of balance sheets, income statements, and other financial statements according to legal and company accounting and financial guidelines.
- Posting and processing journal entries to ensure all business transactions are recorded and performing bank reconciliations, inter-company reconciliations, GL reconciliations, etc.
Cash Management and Forecasting:
- Monitor daily cash positions and manage cash flow forecasting to ensure sufficient liquidity for operational needs.
- Manage the petty cash and provide the line manager with the necessary reports as required.
Banking Relationships and Optimization:
- Maintain banking relationships and negotiate terms to optimize banking services and minimize costs, ensuring efficient financial operations.
Education, Experience & Qualifications
- Bachelor’s degree in finance, accounting, or any related field.
- 1-3 years of experience as an accountant in a corporate setting.
- Experience with SAP ERP systems or other reputable systems.
- Excellent knowledge of accounting regulations and procedures.
- Familiarity with financial statements, and audits expense reports.
- Excellent level of proficiency with MS Office.
- Ability to work under pressure and meet tight deadlines.
- Superior math skills and an analytical mind.
- Consistent, accurate, thorough, and detail oriented.
- Excellent organizational skills and aptitude for numbers.
- Excellent command of both spoken and written English and Arabic.
- Excellent customer service and interpersonal skills.
Behavioral Competencies
- Ability to Work Under Pressure
Technical Competencies
- Experience in processing invoices and payments using accounting software systems (e.g., SAP).
- Familiarity with treasury management systems and banking platforms for executing fund transfers and monitoring cash balances.
- Understanding of accounting principles and procedures related to Accounts Receivable and Accounts Payable.
- Ability to reconcile vendor statements and resolve discrepancies effectively.
