Home Saudi Arabia Administrative Expenses Specialist

Home Saudi Arabia Administrative Expenses Specialist

Administrative Expenses Specialist

Full time at a Laimoon Verified Company in Saudi Arabia
Posted on November 1, 2024

Job details

IDB3375 - Administrative Expenses SpecialistDivision: Administrative ExpensesLocation: Saudi Arabia - JeddahJob Purpose:Review Vendor and other payments to ensure compliance with the Bank policy and International Accounting Standards.Provide financial analysis to support the annual planning and periodic forecasting of the Bank's administrative expenses.Manage the processing of quarterly VAT refund requests, the communication with the tax authority and the tax audit.Participate in developing, enhancing, implementing, and testing of internal controls.Administrative Expenses:Review and verify daily transactions/payment vouchers such as vendors invoices, contracts to ensure completeness and accuracy of payments.Ensure that the payments are in line with the terms and conditions in the Contract with Vendors and External consultants.Ensure compliance and conformance of all transactions with IsDB's policies and procedures, guidelines and IsDB's internal control systems.Provide technical advice in the preparation and settlement of complex transactions.Identification and communication of any admin expense irregularities or non-compliance to the management.Value Added Tax (VAT):Verify and review the recording of Input VAT to ensure that it is in compliance with the requirement of tax authority.Formulate and manage the activities relating to the quarterly VAT refund for IsDB Group.Submission of the periodic refunds for the Bank and staff.Manage the audits carried out by Tax Authority.Manage and coordinate all Bank communications to the tax authority.Analysis:Analyze financial or operating data to satisfy regulatory requirements.Contribute to annual planning and periodic forecasting for consolidated administrative expenses.Assess data for integrity and analytical purposes as and when required.Reconcile vendor balances and associated general ledger accounts such as the American Express Corporate Travel account and The Good Receipt account on a regular basis.Ensure accurate posting of expense transactions in accordance with Bank policy and International Accounting Standards.Perform detailed scenario and run rate analyses, and other standard or ad hoc analyses to meet a variety of management objectives.Policies and Procedures:Analyze and identify gaps in existing policies for procurement of goods and services and staff payroll and loan processes and recommend improvements after benchmarking them with the international standards.Contribute to formulation of policies and guidelines governing payment requests from contractors and other vendors including consultants, field representatives, mission advances and others.Provide guidance on interpretation of IsDB Group policies and procedures, and legislative regulations applicable for the Division.Reporting:Develop relevant financial reports, monthly statements as required by the Department.Design and maintain online and manual financial reporting systems.Prepare periodic or ad-hoc reports as and when requested by the management.Academic and Professional Qualifications:Bachelor's degree in Accounting, Finance, Business Administration, or related field is required.Certification in CA, ACCA or CPA is preferred.Minimum 5 years of experience in finance and accounting, multilateral institute experience is preferred.Skills & Necessary Knowledge:Building Relationships, Passion for Excellence, Analytical Thinking, Problem Solving, Stakeholder Management, Bank Knowledge, Financial Management, Islamic Finance, Accounting, Business and Procurement Process.Experience in the usage of Microsoft Office Suite (MS Word, Excel, etc.) and hands-on experience in ERP like Oracle/SAP.

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