Overall Job Purpose
To monitor cash activities and record all accounting entries for payments and receipts.
To liaise with departments on accounting issues and day-to-day payments.
To review and maintain the cash portfolio (within the cash management policy guidelines) and verify bank online/offline payments.
Job Specification - Key Accountabilities
Post bank statements on a daily basis, by 12:00 every day.
Post ad-hoc currencies in SAP (manual payments) such as EUR, GBP, JPY etc. by 2:00 the following day.
Input accounting entries in SAP for all credits, debits on a daily basis.
Prepare, monitor and follow up on all OFAC related compliance queries with banks and concerned departments, reporting weekly to Manager.
Ensure receipt of all bank statements to prepare monthly bank reconciliation for bank accounts by the 5th of the following month, obtaining Manager's signoff on the reconciliation control sheet and ensuring it is filed.
Monitor cash holdings in banks on a daily basis, collect inputs from AP, update BEX weekly Liquidity Planner in SAP and provide excel workings to HLAG (Treasury mid office).
Monitor CF forecast for RME region.
Provide advice on cash funding requirements of the business to HLAG every Tuesday for the upcoming CW to ensure efficient cash management.
Prepare accounting entries for quarterly/half yearly review and year-end audit, for the external auditors.
Verify and authorize online bank payments on Citi Direct online and Payment Management (SAP)
Maintain and report daily cash position to Manager Finance (SAP Bank accounts, deposits, FX etc.).
Ensure all bank advices and statements are received from banks on time, attaching to related SAP documents as required.
Prepare ad-hoc reports for Accounting/Auditors as and when required.
Confirm daily credits to concerned department(s).
Post payments daily in SAP for main currencies – USD, AED & KWD
Update bank KYC as and when bank requested
Maintain E-BAM in SAP FI Treasury Module
Credit card reconciliation on weekly basis
Rate of exchange update for the ad hoc currencies in SAP and FIS
Payment to vendor and staff through CITIDIRECT and PMS in SAP FI
Competencies
Learns quickly when faced with new problems, analyzing both successes and failures for clues to improvement
Maintains two-way dialogue with others on work and results
Drive for results – can be counted on to meet/exceed goals consistently
Ability to convey information effectively and convincingly