Experience: 4 years maximum
Location: Dammam (Industrial zone)
Key Responsibilities:
◦ Review, verify, and process vendor invoices, matching them with purchase orders (POs) and delivery notes (GRNs).
◦ Prepare payment runs (checks, bank transfers) according to credit terms and cash flow availability.
◦ Reconcile vendor statements monthly and resolve any pricing or quantity discrepancies.
◦ Issue accurate client invoices, credit notes, and monthly statements of accounts.
◦ Monitor aging reports, follow up on overdue balances, and support the collection team to ensure timely receipts.
◦ Record and allocate incoming client payments against the correct invoices in the ERP system.
◦ Record and track inventory movements, material consumption, and direct/indirect operational costs.
◦ Participate in periodic physical stock counts and reconcile system balances with physical warehouse inventory.
◦ Assist in analyzing cost variances (actual vs. standard costs) and identify areas of material waste or unexpected expenses.
◦ Perform daily and monthly bank reconciliations for all company bank accounts, identifying and resolving any outstanding items.
◦ Prepare daily cash position reports and monitor bank charges, interest, and foreign exchange transactions.
◦ Handle documentation for bank facilities, letters of credit (LCs), or bank guarantees if required.