Bank Officer

Posted on: Wednesday, December 7th , ‎2022
Description
MAIN PURPOSE OF THE JOB
To monitor and control hospital 's Treasury activities to protect the liquid
asset and assisting chief accountant in all his responsibilities.
To monitor and manage financial control and daily collections for the hospital
is in line with standard policies procedures
KEY RESPONSIBILITY AREAS
* To ensure Defined Collection Cash up process being followed
* Monitor the counter collection to make sure all Front office receipts are remitted and realised in respective unit collection account (Daily collection)
* Monitor the counter Cash receipt and follow up on the discrepancies like Receipts created without Shift, without pay mode, without patient name, wrong pay mode, receipts not interfaced and cancelled receipts ondaily basis (Daily collection)
* Support the chief accountant by all means to make all infrastructure (paymode mapped to GL, credit card machine, forex scanner, cash float) are available to perform the collection from patients. (Daily collection)
* Monitor all Cash and Bank GL related to the allotted unit on daily, weekly, and monthly basis as appropriate to ensure accuracy of posting the collection into the system, realisation of collection, allocation of collection entries, allocation of Collection short or excess GL, clearing Cash open GL with appropriate entries and follow up on open unrealised collection (Governance and recon)
* Follow up with the respective department on any reconciliation issue against the Cash and Bank GL (Governance and recon)
* Accounting monthly Provision on Finance cost, transfer funds to loan account to meet repayments, reconcile the interest rate setting every roll over and posting loan payment entries, preparing monthly MIS related to minimum receivable. (Governance and recon) Borrowing - interest on loans
* Update Cash flow on daily basis with actual, forecast for the month and year, Performing Bank Reconciliation and post un-cleared entries, Validate Vendor Bank accounts, Preparing and validating the Weekly / Ad hoc payment run and follow up until the payments debited hospital Account - These tasks will be allotted on monthly basis on rotation (Governance and recon - liquidity responsibility)
* Assisting chief accountant in all reconciliation and analysing of Cash and bank GL (Governance and recon)
* Maintaining Bank Guarantee schedule, Letter of Credit Schedule, validating BG and LC Charges (Governance and recon)
* Maintain Relationship with Banks, Business departments and intra departments
* Assisting chief accountant in all Treasury department process development study and allied task - quality improvement related to governance)
* Engaged in periodical (ad hoc) spot Check to validate the liquid asset of the Business units - Governance
Requirements
REQUIRED EDUCATION
Essential: A relevant Bachelor 's degree in commerce or accounting from an
accredited institution
REQUIRED EXPERIENCE
Essential: At least ‎3 years ' relevant treasury finance experience in a
healthcare setting
Desired: Experience in Front office Billing and Administration (Collection)
(Patient Administration)
REQUIRED JOB SKILLS AND KNOWLEDGE
* Computer literacy at intermediate level and a good understanding of MS Office
* Experience with financial systems (Knowledge of Oasis system is preferable)
* Must be fluent in English (verbal and written)
* Knowledge of Accounting
* Knowledge of VAT regulations in the KSA
All applicants will be considered, with the undersanding that preference will
be given to the designated groups in accordance with the KSA Nationalization
Program.If you wish tp grow with us, apply now and become a part of the
Mediclinic Middle East Family.
Summary
Salary range :
*
Industry :
Hospital & health care
Experience Required :
‎3 year(s) minimum
Major :
Finance
Career Level :
Entry Level
Minimum GPA :
*
Required Skills
Computer Literacy
Client Focus
Analytical Thinking
Ms Office
Languages
EN - Full Professional Proficiency