About the Role
As a Treasury & Banking Accountant, your primary responsibility is to maintain the accuracy of bank accounts daily, ensuring that every Letter of Credit (LC) and cheque is tracked until funds are secured in our accounts. You will be pivotal in uploading and reconciling all bank statements in Zoho Books daily, managing LCs and cheque cycles with our banking partners, and acting as the key contact for all banking transactions within the company.
Ready to apply for roles like this?
Unlock the company name and direct application link. Subscribers get instant access to fresh jobs across Dubai, Abu Dhabi and Riyadh, many with visa support.
Unlock employer & apply directly
What You Will Do (Responsibilities):
Bank Statements & Daily Reconciliation
- Upload all bank statements to Zoho Books every day for every company bank account.
- Reconcile all bank accounts daily and clear unmatched items within 48 hours.
- Investigate unidentified receipts, bank charges, and differences, posting or requesting the correct entries.
- Prepare the daily cash position by bank for the Finance team.
Letters of Credit (LCs)
- Follow up on all new LCs from receipt until proceeds are deposited into our account.
- Check LC terms and ensure required documents (invoice, delivery note, certificate of origin, etc.) match before submission.
- Submit documents to the banks, follow up on bank review, and resolve any discrepancies before the LC expires.
- Coordinate with Sales, Operations, and Accounts Receivable (AR) on LC status and expected collection dates.
Cheque Management
- Deposit customer cheques at the banks and track them until cleared.
- Handle returned cheques: record the reversal, inform AR and Sales, and follow up.
- Maintain a cheque register with status for every cheque received and deposited.
Tracking & Banking Support
- Keep an up-to-date tracker of all open LCs, cheques, and pending bank transactions, including status and expected dates.
- Support all teams and the company with banking requests: transfers, bank letters, guarantees, account queries, and bank portal access.
- Act as the day-to-day contact with bank relationship managers.
- Support month-end close and audit requests with bank reconciliations and confirmations.
Who You Are (Qualifications):
Must Have
- Bachelor’s degree in Accounting or Finance.
- At least 2 years of relevant experience in treasury, banking operations, or bank reconciliation.
- Hands-on experience reconciling bank accounts daily.
- Practical experience handling Letters of Credit (documents, bank submission, discrepancies).
- Experience depositing and tracking cheques, including returned cheques.
- Experience working with an ERP or accounting system.
- Fluent in Arabic and possess good English skills.
Preferred:
- Experience with Zoho Books.
- Experience with Saudi bank online portals (e.g., SNB, Al Rajhi Bank, Riyad Bank).
- Basic knowledge of UCP 600 rules for LCs.
- Strong Excel or Google Sheets skills.
What We Offer:
- A great opportunity to be part of a start-up with significant responsibility and independence early on, where you will have a real impact on the entire business.
- A culture that values the best idea; we are all ears when it comes to innovative ways to improve our processes.
- Exciting stock options and premium health insurance.
- An attractive compensation package.
- A product-first mindset.
