Treasury & Banking Accountant

Job description

About Us Backed by top regional and global venture capital firms, the employer is the fastest growing construction technology startup in Saudi Arabia. Our web platform, mobile app and WhatsApp channels give contractors instant access to over 7,000 building material SKUs from over 1,100 vetted suppliers, with quotes in minutes and buy-now-pay-later financing. In just two years, we have onboarded more than 850 contracting companies, supported mega projects like NEOM and King Salman Park, and increased requests for quotes to $350 million while maintaining positive unit economics. You can read more about the latest the employer news on Forbes, TechCrunch, and Wamda. Position Overview: The Treasury and Banking Accountant maintains the accuracy of bank accounts every day and makes sure to follow up on every Letter of Credit (LC) and check until the funds reach our account. You will upload and reconcile all banking statements into Zoho Books daily, manage the letter of credit and check cycle with our banks, and be the reference person for any banking transaction across the company. What You Will Do (Responsibilities): Daily Banking Statements and Reconciliation • Upload all banking statements to Zoho Books daily for each company bank account. • Reconcile all bank accounts daily and clear unmatched items within 48 hours. • Investigate unchecked receipts, bank charges, discrepancies, and post or request correct entries. • Prepare the daily cash status of the bank for Fina team again. Letters of Credit (LC) • Follow up on all letters of credit New items last from receipt until the proceeds are deposited in our account. • Check the terms of the letter of credit and ensure the required documents (invoice, delivery note, certificate of origin, etc.) match before submission. • Submit documents to banks, follow up on bank review, and resolve any discrepancies before the letter of credit expires. • Coordinate with Sales, Operations and AR on L/C status and expected collection dates. Check Management • Deposit customer checks in banks and follow up on them until they are cleared. • Handling returned checks: recording cancellation, reporting to AR, sales and follow-up. • Maintain a check register with the status of each check received and deposited. Banking Tracking and Support • Maintain a single, up-to-date tracker for all open letters of credit, checks and pending bank transactions, with status and expected dates. • Support all teams and the company with banking requests: transfers, bank letters, guarantees, account inquiries, and access to the bank portal. • Act as daily liaison with banking relationship managers. • Support month-end closing and review requests through bank reconciliations and confirmations. What we offer: • A fantastic opportunity to be part of a start-up with a great deal of responsibility and autonomy early on, where you will have an impact on the entire business. • The best idea wins. We're all ears when it comes to ways to do things better. • Excludes stock options and premium health insurance. • Attractive compensation package. • Product first mentality. See our guide on how to prepare for your interviews with the employer Please note: Some positions may ultimately be subject to an interview process, this allows great talent to shine regardless of years of experience and maintains a fair process based on the amount of impact you make in the organization.

Requirements

• Cash and liquidity management
• bank reconciliations
• cash flows
• banking relationships
• Enterprise Resource Planning (ERP) Systems

Skills

Benefits

• Exciting stock options and Premium health insurance.