Areas of responsibilities: Reporting and looking after the entire AR function of KSA MENA Finance team, Un-identified collections, Bank Guarantees, expense claim reimbursement, WHT preparation, GL open line-item reconciliation, GL reconciliation, AR vs Bank GL reconciliation.
Responsibilities
• Getting done of accurate AR remittance and invoice allocation from offshore team.
• Preparing and sharing of un-identified collection report with engagements teams.
• Identification of un-identified collection by utilizing all available resources till closure.
• AR vs Bank GL reconciliation on daily basis and reporting twice a week to partner.
• Resolutions of AR disputes of client and engagement team.
• Responding and follow-up with engagement and offshore allocation teams daily.
• Weekly sharing of AR actual vs targeted figures with managers and partners.
• SAP receivables data analysis and reporting with aging.
• Checking of banking transaction queries from engagement, offshore and receivable teams.
• Reconciling and getting cleared of GL open line items from offshore, AP & Payroll teams.
• WHT reporting, certification and sharing with related teams.
• Processing of weekly claim and Expense reimbursement.
• Bank guarantee processing for engagement teams with central finance treasury team.
 
 

· SAP receivables data analysis and reporting with aging.
· Monitoring and reporting of debtor balances to ensure reduction in outstanding.
· Liaising with customers, as well as internal team for receivable control and follow up.
· Clearing SAP customers by accurate matching of invoices with receipts for bulk AR data.
· SAP vs Salesforce receivables data reconciliation and customer knocking off.
· Verification, execution & recording of supplier payments with SOP and relevant tax deductions.
· Salesforce franchise billings, verification of warranty payments, revenue sharing and compliance.
· Collection handing by cash, cheques, credit cards, CMD, and bank transfers.
· Forecasting & analyzing operating expenses to handle petty cash in accord with limited budget.
· Costing and variance reporting of monthly & randomly physical inventory stock counts.
· Petty cash management, petty voucher preparation, posting of various journal entries in SAP.
· Adhering tight control over financial policies and procedures control and compliance.
· Reconciliation of banks, general ledger accounts and balances.
· Month end expense reporting, reimbursement, and P&L statement.
· Working & compliance for B-Grade product lot sales with profit margin.

Areas of responsibilities: Finance cost, pledge register, recording of entire financing entries, cash flow forecasting, reporting, finance documentation, record keeping & assisting external auditors.
Responsibilities
• Markup verification & recording of financing facilities FATR, FIM, RF, STDF, MURABAHA & ISTISNA.
• Effectively communicating and networking with banks and internal customers.
• Record management for all short and long term borrowed financing facilities.
• MIS for accrual and incurred month, quarter, and annual finance cost.
• Redemption schedules for Long-Term financing facilities for smooth on time payment.
• Cash flow forecasting for on time matured finance payments for short and long-term payments.
• Pledge register of raw material for material planning of production and cash flow management.
• Verification for transaction of Interest Rate Swap (IRS).
• Bank Correspondence & documentation
• RTGS (Real Time Gross Settlement) to transfer funds for on time payment.
• Strong follow-up and correspondence with more than 10 banks.
• Documentation for remittance of foreign currency loans & LC retirement/disbursement.
• Reconciliation of more than 10 corporate banks.
• Computation & recording of bank charges for LC issuance, retirement, & amendment.
• Recording of bank payments against financing facilities FATR, FIM, RF, STDF, & others.
• Annual external audit for entire finance cost of the company.