Sanad Cash is a Saudi Fintech start-up disrupting the on demand pay and expense management for enterprises in the Middle East. We are building the next wave of financial products to facilitate the lives of employers and employees from all business sectors.
Our vision is to be No. #1 destination for On-Demand pay and expense management systems in our region by offering global-standard financial products with the least cost across all corporate sizes.
Job Overview:
Sanad Cash is seeking an Accountant who will be responsible for general accounting, accounts payable and accounts receivable.
If you are looking to join a fast-moving team of talented engineers and to contribute to delivering amazing, high impact, customer-focused and highly scalable applications, this is a great opportunity for you.
Key responsibilities:
General Accounting
- Review and post journals; Ensure the journal conforms to policies and review process, line description and General Ledger (GL) codes.
- Fixed Asset (FA) Ledger ownership and maintenance, including new purchases, disposals, write- off, tagging and periodic depreciation.
- Inter-company monthly reconciliation, Investigate and resolve inter-company mismatches.
- Reconcile Balance sheet accounts, create reconciliation lead schedule and ensure it has back up.
- Income Statement: Ensure that the month-on-month changes look reasonable.
- Raise issues and questions and bring them to the attention of Line Manager in monthly balance sheet reviews
- Responsible for ensuring internal controls are functioning properly in areas of responsibility
- Responsible for miscellaneous Assets/Liabilities accounting and reconciliation
- Generate Accruals and review aged items with Stakeholders.
- Following up on aged, accrued sales and cost of sales with respective for prompt resolution as necessary.
- Support Tax return preparation and ensure releasing payments.
- Ad hoc management reporting and analysis as required.
- Support & prepare the requested for the Internal & external Auditors.
- Review salaries payments & confirm amounts.
- Review & post petty cash & expenses. Prepare cash position report.
- Prepare Banks reconciliation on weekly basis.
Accounts Payable
- responsible for monitoring and overseeing timely and accurate input of supplier invoices, payment of supplier accounts within contractual agreements and the resolution of all queries.
- Prepare weekly/monthly payment runs as per cash flow forecasting.
- Prepare supplier payments as per workflow, accounting system and as per procedures.
- Working to tight deadlines to achieve monthly input, payments and reconciliation targets set.
- Prepare monthly aging of payables, accrued cost of sales and provide status as per supplier reconciliations.
- Revisiting the Accounts Payable Vendor Master File, ensuring the records are kept up to date. and new supplier amendments are updated within the agreed time frame. Prepare list of suppliers to be blocked
- Verifies vendor accounts by reconciling monthly statements and related transactions.
- Maintain a timetable of Accounts Payable payment requirements.
- Ensuring the integrity of the Payables function in accordance Internal Control and policies.
Account Receivable
- Maintain up-to-date billing system.
- Generate and send out invoices.
- Follow up on, collect and allocate payments.
- Carry out billing, collection and reporting activities according to specific deadlines.
- Monitor customer account details for non-payments, delayed payments and other Irregularities.
- Research and resolve payment discrepancies.
- Review AR aging to ensure compliance.
- Maintain accounts receivable customer files and records.
- Prepare bank deposits.
- Collect data and prepare monthly metrics.
- Post cash receipts to customer.
- Produce accounts receivable month-end reports and schedules for cash receipts.
Experience Required:
- Bachelor’s degree in accounting or any related field.
- 3 –4 years previous relevant experience required within reputable organisation.
- Ability to identify and solve accounting issues and knowledge of IFRS.
- Confidence in dealing and building relationships both internally and externally.
- Excellent written and oral communication skills both in Arabic and English.
- Strong Excel experience.
- High level of accuracy and attention to detail.
- Well organised with strength in prioritising.
- Flexible attitude to achieve results.
- Calm under pressure.
- Analytical and problem-solving skills.
- Worked in high pressured environment, with high expectation of deliverables and quality.
- Knowledge of US accounting laws is a plus.
- Other tasks may be added by line manager.
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