Job Purpose:
Timely completion of all MIS reports (including preparation and submission of MIS & Credit Reports for Head Office), preparation and submission of all SAMA returns and preparation of completion of Quarterly Financial reports to External Auditors as per standards.
The Job Holder is also required to assist in the preparation of the Annual Budget for review by Head-Operations and GM – Reyadh Branch, processing all invoices related to various expenses of the branch and maintenance of fixed assets records.
In addition to the above, the Job Holder is responsible for reconciling all Nostro and other Accounts in the Bank, follow-up for unreconciled items with an effort to minimize the ageing of outstanding items. He is also one of the Testkey custodians.
No direct reports
No responsibility towards revenue generation
Operational role with stringent responsibilities towards compliance with internal and external financial reporting requirements.
Ensure timely preparation of Monthly and Quarterly MIS Reports for Head Office. Similarly, ensure that all returns to SAMA are submitted on time with completeness and accuracy. Ensure timely payment of all invoices related to various expenses. Maintain depreciation schedule for furniture, equipment, and automobiles, etc, and pass monthly entries. Ensure proper filing of all invoices. Prepare annual Budget for review of the Manager Operations and the KSA Country Manager. Test key custodian.
Specific responsibilities are mentioned below:
Preparing of various month-end MIS Reports for Head Office including Credit MIS reports. (See attachment 1 for the complete list)
Preparation of various weekly/monthly / quarterly / annual returns to SAMA such as ERMS and any other reports requested.
Preparation of Quarterly Financial reports to External Auditors as per standards.
Preparation of the annual forecast and annual Budget for the branch.
Preparation of various schedules and information requirements of the Income Tax authorities, liaise with tax advisors for addressing all queries by the tax authorities.
Receiving invoices for various expenses, scrutinise for correctness, obtain necessary approval and prepare/check entries over expenses account.
Ensuring filing of invoices as per expense category.
Preparing/checking monthly entries for Accrued Expenses against budget.
Ensuring amortization of all prepaid expenses processed monthly.
Updating depreciation schedule for the Bank’s various fixed assets and pass entries.
Assisting in the preparation of the annual budget as per schedule (Operating Expenses, Sources & Uses of Funds, and Capital Expenditure) for review by Manager Operations and the KSA Country Manager.
Reviewing ALL contracts with vendors and hold custody.
Managing, passing all entries and making payments to vendors related to contracts i.e. monthly, quarterly and annually.
Reviewing, preparing and paying monthly withholding TAX and record keeping.
Hold custody of test key material.
Test incoming and outgoing tested messages if any.
Reconciliations:
Draw up the account reconcilement reports on a monthly basis.
Ensure all entries are marked off over ledger to statement.
Follow-up for the exceptions and focus in order to minimize the ageing of outstanding items.
Periodically reconcile the balances of all products with the General Ledger and promptly regularize exceptions, if any.
Any other assignment given by the Manager Operations from time to time
Candidates based in Saudi Riyadh and Saudi nationality can apply only for this role.
If interested, kindly send your updated resume along with your current CTC, expected CTC and Notice Period details on abhilasha@topgearconsultants.com
Timely completion of all MIS reports (including preparation and submission of MIS & Credit Reports for Head Office), preparation and submission of all SAMA returns and preparation of completion of Quarterly Financial reports to External Auditors as per standards.
The Job Holder is also required to assist in the preparation of the Annual Budget for review by Head-Operations and GM – Reyadh Branch, processing all invoices related to various expenses of the branch and maintenance of fixed assets records.
In addition to the above, the Job Holder is responsible for reconciling all Nostro and other Accounts in the Bank, follow-up for unreconciled items with an effort to minimize the ageing of outstanding items. He is also one of the Testkey custodians.
No direct reports
No responsibility towards revenue generation
Operational role with stringent responsibilities towards compliance with internal and external financial reporting requirements.
Ensure timely preparation of Monthly and Quarterly MIS Reports for Head Office. Similarly, ensure that all returns to SAMA are submitted on time with completeness and accuracy. Ensure timely payment of all invoices related to various expenses. Maintain depreciation schedule for furniture, equipment, and automobiles, etc, and pass monthly entries. Ensure proper filing of all invoices. Prepare annual Budget for review of the Manager Operations and the KSA Country Manager. Test key custodian.
Specific responsibilities are mentioned below:
Preparing of various month-end MIS Reports for Head Office including Credit MIS reports. (See attachment 1 for the complete list)
Preparation of various weekly/monthly / quarterly / annual returns to SAMA such as ERMS and any other reports requested.
Preparation of Quarterly Financial reports to External Auditors as per standards.
Preparation of the annual forecast and annual Budget for the branch.
Preparation of various schedules and information requirements of the Income Tax authorities, liaise with tax advisors for addressing all queries by the tax authorities.
Receiving invoices for various expenses, scrutinise for correctness, obtain necessary approval and prepare/check entries over expenses account.
Ensuring filing of invoices as per expense category.
Preparing/checking monthly entries for Accrued Expenses against budget.
Ensuring amortization of all prepaid expenses processed monthly.
Updating depreciation schedule for the Bank’s various fixed assets and pass entries.
Assisting in the preparation of the annual budget as per schedule (Operating Expenses, Sources & Uses of Funds, and Capital Expenditure) for review by Manager Operations and the KSA Country Manager.
Reviewing ALL contracts with vendors and hold custody.
Managing, passing all entries and making payments to vendors related to contracts i.e. monthly, quarterly and annually.
Reviewing, preparing and paying monthly withholding TAX and record keeping.
Hold custody of test key material.
Test incoming and outgoing tested messages if any.
Reconciliations:
Draw up the account reconcilement reports on a monthly basis.
Ensure all entries are marked off over ledger to statement.
Follow-up for the exceptions and focus in order to minimize the ageing of outstanding items.
Periodically reconcile the balances of all products with the General Ledger and promptly regularize exceptions, if any.
Any other assignment given by the Manager Operations from time to time
Candidates based in Saudi Riyadh and Saudi nationality can apply only for this role.
If interested, kindly send your updated resume along with your current CTC, expected CTC and Notice Period details on abhilasha@topgearconsultants.com
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