Ref: KP905-74

Job description / Role

Employment: Full Time

Assist with Banking activities like settings up new accounts, adding new signatures, bank reconciling items, Banking fees, Positive pay exceptions, etc. Prepare journal entries and reconciliations for monthly general ledger close. Assist in the preparation and distribution of financial statements. Ensure that all deliverables comply with regulatory guidance and professional standards. Provide assistance to Accounting Manager with external audit.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Accounting:
- Perform accounting functions as assigned including, but not limited to book, reconcile and report in-force premium, direct written premium, retro accrual, cash, cash applied to A/R, bad dept allowance and non- admitted A/R on a monthly basis as well as for any GAAP.
- Back-u month- end duties assigned to other Senior Accountants.

Reporting & Analysis:
- Assist in preparation of monthly management report and accompanying schedules, worksheets and narratives, including Budget vs. Actual variance reports. Assist in providing follow-up and documentation of significant variances.
- Assist with completion of the quarterly and annual regulatory filings; preparation of assigned Quarterly and Annual Statutory Statement pages/schedules.

Audits & Examinations:
- Assist with annual external audit. Complete requested materials. Assist in preparing assigned schedules for the annual and internal audit.

Banking /Cash:
- Coordinate and resolve various issues with bank such as cleared check differences, bank fee anomalies, targeted balance calculations and enhancements to online services.
- Monitor positive pay exceptions.
- Bank liaison.

Other:
- Conform with and abide by all regulatory guidance and internal policies & procedures.
- Document policies, procedures and workflow for assigned areas of responsibility.
- Maintain project log or Senior Accountant position.
- Contribute to department and organization special projects as assigned.

Requirements

- Bachelor of Science in Accounting or equivalent from an accredited university.
- Eight years progressively responsible experience in the accounting and insurance industry.
- Through understanding of Generally Accepted Accounting Principles (GAAP). Knowledge of Statutory accounting principles.
- Strong analytical and accounting skills.
- Intermediate to advanced experience with MS Word, MS Excel, MS Outlook and FRx similar programs.
- Intermediate t advanced knowledge of major accounting software for both general ledger and statutory accounting. Great plains and freedom preferred.
- Must be able to effectively handle multiple projects simultaneously in a deadline driven environment.
- Excellent verbal, written communication and interpersonal skills.
- Ability to work independently and as part of a team and take on new tasks with high level of difficulty.
- The individual will be expected to work with minimal up-front guidance and take ownership of his / her work product. The individual will work closely with all major functional leaders of the Company.

About the Company

Established in early 1970s, Venture Gulf Group encompasses various business segments spanning a wide spectrum of activities covering engineering, trading, contracting, manufacturing, construction, and services catering to the various industrial needs of the country.

Over the years, Venture Gulf Group has evolved into a professional organization of excellence creating core competencies in all its areas of operation.

As a part of our operational enhancement and widening of activities, during June 2010, we have restructured our organization under a common umbrella Al-Nasr Holding Co W.L.L. with a Commercial Registration Number 46193 and accordingly the Venture Gulf Group-Oil & Gas Division is renamed as Venture Gulf Engineering W.L.L.

Venture Gulf Engineering W.L.L. (erstwhile Venture Gulf Group- Oil & Gas Division) has carved a niche in the market place relevant to the business segments. A dedicated team of highly qualified and experienced multinational workforce exceeding 2,500 personnel forms the backbone of the company, which has formed a strategic business alliance with several international companies of repute in the areas of energy, oil and gas, hydrocarbon, power, infrastructure and core sector industries, as well as vehicles rental.

Get personalised updates on latest vacancies
Job Alerts by Email
  • Personalised updates on latest career opportunities
  • Insights on hiring and employment activity in your industry
  • Typically sent twice a month
Branch Sales Manager salaries in Saudi Arabia

Average monthly compensation
SAR 32,000

Breakdown available for industries, cities and years of experience