Assistant Accountant

Job Description

Key Responsibilities

• **Bank-Related Matters:**
• Perform daily reconciliation of bank statements to ensure accurate records.
• Monitor bank accounts, process payments, and handle transfers as required.
• Assist in managing cash flow, ensuring sufficient balances for business operations.
• Liaise with the bank regarding account-related queries and issues.
• Assist in preparing weekly and monthly bank reports.
• **Petty Cash Management:**
• Monitor and manage petty cash transactions, ensuring accuracy in records.
• Review and approve petty cash reimbursements, ensuring compliance with company policies.
• Maintain proper documentation of all petty cash disbursements and receipts.
• Perform regular petty cash reconciliations to ensure balances are accurate.
• **Invoice Monitoring (AP & AR):**
• Assist in the processing and monitoring of Accounts Payable invoices, ensuring timely payments.
• Ensure proper coding and categorization of expenses related to AP.
• Monitor Accounts Receivable, ensuring timely collection of payments from clients/customers.
• Support the preparation and review of aging reports for AP and AR.
• Communicate with vendors and clients regarding overdue payments, discrepancies, and queries.
• Assist with the preparation of financial statements and reports related to AP and AR.
• **General Accounting Support:**
• Assist in maintaining accurate and up-to-date accounting records.
• Prepare monthly journal entries for various transactions, including accruals and prepayments.
• Provide support in month-end and year-end closing procedures.
• Assist with the preparation of financial statements, balance sheets, and profit and loss reports.
• Support senior accountants in financial audits as required.
• **Other Administrative Tasks:**
• Maintain filing and documentation systems for financial records.
• Assist with ad-hoc accounting tasks and projects as required by management.

Qualifications

• A degree in Accounting, Finance, or a related field is preferred.
• Proven experience in accounting or finance roles, particularly in handling banking, petty cash, and AP/AR tasks.
• Familiarity with accounting software (e.g., QuickBooks, SAP, or similar) and proficiency in Microsoft Excel.
• Strong attention to detail with excellent organizational and communication skills.
• Ability to work independently and as part of a team.
• A good understanding of accounting principles and financial regulations.

Preferred Skills

• Knowledge of local tax regulations and financial reporting standards.
• Strong analytical and problem-solving skills.
• Ability to multitask and prioritize in a fast-paced environment.

Preferred Skills

• Knowledge of local tax regulations and financial reporting standards.
• Strong analytical and problem-solving skills.
• Ability to multitask and prioritize in a fast-paced environment.

Employment Status

Alrashed Food Company

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