Purpose of the job
Grundfos is hiring for a Senior Accountant. The senior accountant will be
responsible for accounts payable and general ledger including maintaining
balance sheet schedules and ledgers and account and bank reconciliations.
Participate in monthly closings and account analysis and carry out other
responsibilities of the accounting department
Key Responsibilities
Accounts Payable
* Checking invoices for completeness
* Posting of Vendor Invoices (PO and NPO)
* Vendor open items clearing
* Vendor Master Data creation and Maintenance
* Periodic Review of Vendor Master Data
* Responding to Vendor queries and preparing Vendor account reconciliations
Bank & Petty Cash
* Maintain Petty Cash
* Review and Post petty cash claims
* Review and Process periodic Vendor payment run in SAP. Create the payment list.
* Upload/process vendor payment through online banking
* Process Customs and other urgent payments on daily basis
* Post Bank charges and other entries in the bank statement
* Monthly Bank Reconciliation Statement preparation
* Deposit Check/cash to bank account when necessary.
* Communicate with bank officials for payment confirmations and other tasks.
* Process monthly payroll and other staff payments.
Intercompany
* Identify the items pending posting for intercompany vendors and customers. Get the printout from other company SAP statements. Request for missing items
* Review the Air Freight/Documentation/Packing and other delivery related NPO invoices for coding. Check with SCM team for details and post the invoices.
* Issue FI recharge invoices to Group companies.
* Reconcile the Intercompany Vendor and Customer accounts before month close to make sure zero reconciliation items.
Month Close Preparation & Reporting
* Review Periodic Accruals and prepare the accrual entries.
* Get the vendor statements and accrue for invoices pending.
* Review and post Prepayment entries
* Review the Marketing and other group recharges and get information/confirmation from respective departments.
* Review P&L items and B/S items and compare with history and Budget. Check major deviation and identify the reason.
* Process the Depreciation Run
* Prepare customer aging report and calculate Bad Debts Provision. Review the BDP and suggest adjustments to BDP if any and post the BDP.
* Process Forex Run
* Close and open the financial period
* Check Billing Due list and release blocked billing documents
* Check and release blocked incoming invoices.
* Reconcile and clear GR/IR Accounts (Goods in Transit)
* Process Slow Moving Provision
* Costing Run
* Perform Warranty accrual postings
* Review Deferred Revenue, Bill of Exchange and PDC
* Review and Reconcile Cash in Transit items
* Prepare Marketing spend sheet and send to Marketing Department
Staff Expense Reports & Credit Cards
* Review and post staff expense reports for cash and credit card
* Reconcile staff accounts
* Prepare and Send pending staff account open items statements
* Prepare the list of addition/deduction for staff monthly payroll
* Credit card management (new cards application/receiving and sending/blocking/statement downloading/communication to resolve issues)
Reporting (Prepare, Update, Review and Submit)
* Budgeting - yearly
* Submission 1- Montly
* Submission 2 - Monthly
* Sales Flash - Monthly
* Sales Planning - Monthly
* Quarterly Forecast - Quarterly
* EMEA Top Debtors due Analysis - Monthly
Control and Compliance
* Provide financial reports and interpret financial information to managerial staff while recommending further courses of action
* Evaluate costs, sales results and the company's actual performance compared to the Budget
* Budget Control and variance analysis
* Conducting reviews and evaluations for cost reduction opportunities
* Coordinate outside services for GAZT Tax services and Legal services
* Maintain financial policies and procedures for the company
* GAZT returns
* Legal Affairs
* Insurance
* Internal Audit - As per visit schedule
* Prepare for and handle External Audit by providing required information and documents.
* Communicate and coordinate with other departments/customers/vendors/banks etc. for Audit confirmations and other documents.
* Conduct Yearly stock check and yearly Fixed Asset physical check
Job Requirements
* Bachelor's Degree in Commerce or Accounting with at least 5 years experience in an Accounting environment preferably in the Manufacturing industry.
* SAP experience is necessary
* Knowledge of IFRS is a plus
* Proficiency in Microsoft Office (Excel, Word, and PowerPoint)
* English and Arabic speaking is necessary
Additional Information
This role will be based Riyadh. If this sounds appealing to you, please
upload your CV/resume and cover letter today via our Careers portal. We look
forward to hearing from you.
If you want to dig deeper into the Grundfos universe, please visit our
Grundfos YouTube Channel here: http://www.youtube.com/grundfos or on Facebook:
https://www.facebook.com/GrundfosEngineering
To all recruitment agencies
Grundfos does not accept unsolicited agency resumes/CVs. Please do not forward
resumes/CVs to our SuccessFactors, our careers email addresses, Grundfos
employees or any other company location. Grundfos is not responsible for any
fees related to unsolicited resumes/CVs.
About Grundfos
Grundfos is one of the world 's leading water technology companies with more
than 19.000 employees in 60+ countries all over the world. Our skills commit
us to pioneering solutions to the world's water and climate challenges and
improve the quality of life for people. We dare to do things that others
cannot or dare not do, as we believe innovation is not only a business
opportunity, but an obligation. And what really matters to us is not short
term profit, but the impact we make. By becoming part of our united powerful
team, you too can drive this change no matter your role.
An inclusive team
If you like the look of this job and know you can bring your skills to
contribute to our purpose, please apply. We need and welcome professional
people from all corners - however you identify and whatever your background
is.
Under direct supervision, performs advanced accounting functions through analysis of operating statistics and/or financial data; prepares complex reconciliations and various project related financial reports; works with other departments as needed to establish reporting requirements for month end c…
Software AG began its journey in 1969, the year that technology helped put a man on the moon and the software industry was born. We're passionate about software, passionate about our people, and passionate about using technology to create truly world-class products. You've probably used our softwar…
**Experience:** 5 - 10 yrs. **| Opening:** 1 **Education:** Any Graduation **Nationality:** Any Nationality **Industry Type:** Construction / Civil Engineering **Functional Area:** Accounts / Taxation / Audit / Company Secretary Nov 14, 2022 Job Description * …
Company Description Saatchi & Saatchi has grown from a start-up advertising agency in London in 1970 to a global creative communications company with 114 offices in 67 countries and over 6500 employees. Saatchi & Saatchi is part of the Publicis Groupe, the world's third largest communications gr…
**Job Number** 22126709 **Job Category** Finance & Accounting **Location** JW Marriott Hotel Riyadh, King Fahad Road, Riyadh, Saudi Arabia, Saudi Arabia VIEW ON MAP **Schedule** Full-Time **Located Remotely?** N **Relocation?** N **Position Type** Non-Management **POSITION SUMMARY**…
**Job Number** 23012500 **Job Category** Finance & Accounting **Location** Le M eridien Riyadh, King Abdullah Ibn Abdulaziz Road Al Woroud District, Riyadh, Saudi Arabia, Saudi Arabia VIEW ON MAP **Schedule** Full-Time **Located Remotely?** N **Relocation?** N **Position Type** Non-Man…
**Responsibilities** * Handling entire accounting cycle including payroll, purchases, inventory, payments, sales, receivables, collections and other recording day to day transactions. * Prepare sales invoices and posted sales and purchases * Responsible for general ledger and reconciliations …
T he Accountant shall be responsible for receiving, verifying, recording & processing payment for vendor invoices & employee expense reports and other general accounting responsibilities as required; A * pply and maintain the monthly closeout checklist to meet closing deadlines. M * aintain a…
**Job Summary:** The Senior Accountant's responsibilities include maintaining the general ledger, reconciling accounts, preparing financial reports, supporting statutory audits and tax filings. The ideal candidate has an experience in a manufacturing environment, in cost accounting, a good general …
The purpose of this role is to perform and support the higher risk standard Financial reporting and control activities required each month, quarter and year-end as well as supervise the execution of lower risk activities. Job Title: Senior Accountant Job Description: Key responsibilities: * Deliv…