Assistant Accountant
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Key skills for this role
About the Role
Rashed Al Rashed & Sons Group seeks a detail-oriented Assistant Accountant to manage banking, petty cash, and support AP/AR functions. Requires a degree in Accounting or Finance and proven experience.
Key Skills for This Role
Responsibilities
- Perform daily reconciliation of bank statements
- Monitor bank accounts, process payments, and handle transfers
- Assist in managing cash flow
- Liaise with the bank regarding account related queries
- Assist in preparing weekly and monthly bank reports
- Monitor and manage petty cash transactions
- Review and approve petty cash reimbursements
- Maintain proper documentation of petty cash disbursements and receipts
- Perform regular petty cash reconciliations
- Assist in processing and monitoring Accounts Payable invoices
- Monitor Accounts Receivable, ensure timely collection
- Support preparation of financial statements and reports related to AP and AR
Requirements
- Degree in Accounting, Finance, or related field
- Proven experience in accounting or finance roles, particularly in banking, petty cash, and AP/AR
- Familiarity with accounting software (e.g., QuickBooks, SAP) 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
- Good understanding of accounting principles and financial regulations
Full Job Posting
Job Summary
- We are looking for a detail oriented and reliable Assistant Accountant to join our finance team. This role will involve managing various tasks related to banking, petty cash, and supporting the Accounts Payable (AP) and Accounts Receivable (AR) functions.
Key Responsibilities
- Bank Related Matters: Perform daily reconciliation of bank statements; Monitor bank accounts, process payments, and handle transfers; Assist in managing cash flow; Liaise with the bank regarding account related queries; Assist in preparing weekly and monthly bank reports.
- Petty Cash Management: Monitor and manage petty cash transactions; Review and approve petty cash reimbursements; Maintain proper documentation of all petty cash disbursements and receipts; Perform regular petty cash reconciliations.
- Invoice Monitoring (AP & AR): Assist in processing and monitoring Accounts Payable invoices; Ensure proper coding and categorization of expenses; Monitor Accounts Receivable, ensuring timely collection; Support preparation and review of aging reports; Communicate with vendors and clients regarding o
- General Accounting Support: Assist in maintaining accurate accounting records; Prepare monthly journal entries; Provide support in month end and year end closing; Assist with preparation of financial statements, balance sheets, and profit and loss reports; Support senior accountants in financial aud
- Other Administrative Tasks: Maintain filing and documentation systems; Assist with ad hoc accounting tasks and projects.
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.
Job Details
- Job Title: Assistant Accountant
- Job Country: Saudi Arabia
- Job City: Riyadh
- Job Role: Accounting/Banking/Finance
- Employment Status: Full time
- Employment Type: Employee
- Career Level: Entry Level / Junior
- Residence Location: Riyadh, Saudi Arabia
- Candidate Nationality: Saudi Arabia
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