Accountant - محاسب

<p>POSITION NAME Accountant</p>
<p>JOB CONTENT</p>
<p> To execute accounting and payment operations activities including bookkeeping, accounts payable and receivable processing, RTGS, ACH, Direct Debit, Partial Payment System (PPS), ECC Cheque Clearing transactions, and related reconciliations. The role ensures accurate, timely, and compliant financial processing in line with internal policies, banking procedures, and regulatory requirements.</p>
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<p>2. Duties and Responsibilities</p>
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<p>A. Accounts Payable &amp; Payment Processing</p>
<p>• Process loan disbursements (RTGS / ACH / Direct Debit / Bank Transfer / Cheque) for new loans and customer refunds as per approved instructions.</p>
<p>• Execute transactions through RTGS (Real Time Gross Settlement) and monitor ACH (Automated Clearing House) transactions including bulk vendor payments and payroll files.</p>
<p>• Support to Administer Direct Debit instructions &amp; ensure proper validation &amp; submission to banks.</p>
<p>• Process transactions under the Partial Payment System (PPS) and ensure proper settlement tracking.</p>
<p>• Handle ECC (Electronic Cheque Clearing) submissions, returned cheques, and related follow-ups.</p>
<p>• Prepare payments for operational and capital expenditures ensuring proper documentation and approvals.</p>
<p>• Record daily journal entries for all payment transactions and clearing accounts.</p>
<p>• Execute investment-related payment entries and coordinate with brokers and MCD for discrepancies.</p>
<p>• Process salary transfers as per HR instructions and reconcile payroll accounts.</p>
<p>• Ensure timely settlement of loan obligations and interest payments in coordination with Treasury.</p>
<p>• Maintain payment supporting documentation and audit trail.</p>
<p>B. Accounts Receivable &amp; Collections Monitoring</p>
<p>• Monitor incoming funds via RTGS, ACH, Direct Debit, PPS, and ECC.</p>
<p>• Post collections accurately into ERP/Core Banking System.</p>
<p>• Follow up with commercial banks and branches for pending transfers.</p>
<p>• Monitor rejected or returned transactions (ACH returns, Direct Debit rejections, returned cheques) and initiate corrective action.</p>
<p>• Reconcile accounts receivable and customer accounts on a periodic basis.</p>
<p>• Accrue dividend income and follow up with relevant parties for receivables.</p>
<p>• Coordinate with Treasury on fixed deposits and interest accruals.</p>
<p>C. Bank &amp; Clearing Reconciliations</p>
<p>• Support Reconciliation Team on daily reconciliation of Bank statements vs ERP/Core Banking System, RTGS transactions, ACH batches and settlement reports, Direct Debit files, PPS transactions, ECC clearing accounts</p>
<p>• Investigate and clear outstanding/suspense items on a timely basis.</p>
<p>• Escalate unresolved discrepancies to the line manager, and upper management, as required.</p>
<p>• Maintain reconciliation schedules and proper documentation for audit purposes.</p>
<p>D. Period-End Closing</p>
<p>• Prepare month-end and year-end entries related to payments, accruals, and clearing accounts.</p>
<p>• Reconcile all bank and clearing accounts before closing.</p>
<p>• Assist in system closing activities within ERP, Core Banking, and VAT systems.</p>
<p>• Support provisioning of OPEX accruals in coordination with departments.</p>
<p>E. Compliance &amp; Control</p>
<p>• Ensure compliance with internal policies, financial regulations, and banking procedures.</p>
<p>• Maintain segregation of duties and control requirements in payment processing.</p>
<p>• Support internal and external auditors by providing required documents and clarifications.</p>
<p>• Ensure accuracy and completeness of financial records.</p>
<p>F. Continuous Improvement</p>
<p>• Identify operational inefficiencies in payment and reconciliation processes.</p>
<p>• Suggest improvements in systems and procedures to enhance accuracy and productivity.</p>
<p>• Support system testing and implementation related to payment modules when required.</p>
<p>G. Other Duties</p>
<p>• Perform any other relevant tasks assigned by the Manager / Management.</p>
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<p>KEY INTERACTIONS</p>
<p>1. Internal</p>
<p>• Finance Department</p>
<p>• Treasury</p>
<p>• Loan Operations</p>
<p>• HR</p>
<p>• Branches</p>
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<p>2. External</p>
<p>• Commercial Banks</p>
<p>• Auditors (as required)</p>
<p>• Investment Managers / MCD / MSX</p>
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<p>3. Level of external interaction&nbsp;</p>
<p>– This position requires a low level of external interaction</p>
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<p>MINIMUM EDUCATION, QUALIFICATIONS &amp; SKILLS</p>
<p>Education:</p>
<p>– Bachelor's degree in relevant discipline.</p>
<p>Experience:</p>
<p>– 4+ of experience in relevant discipline and sector.</p>
<p>Special Skills &amp; Knowledge:</p>
<p>– Strong knowledge of accounting principles and journal processing</p>
<p>– Working knowledge of RTGS, ACH, Direct Debit, PPS, and ECC systems</p>
<p>– Experience in bank reconciliation and clearing account management</p>
<p>– Knowledge of ERP / Core Banking systems</p>
<p>– High attention to detail and accuracy</p>
<p>– Analytical and problem-solving skills</p>
<p>– Good communication and coordination skills</p>
<p>Business Understanding:</p>
<p>– Requires working knowledge of banking/payment operations and internal financial controls.</p>
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<p>ADDITIONAL QUALIFICATION /CERTIFICATION REQUIRED</p>
<p>– Certification in CIA/CAT/ACCA will be added advantage</p>
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<p>HEALTH, SAFETY AND ENVIRONMENT</p>
<p>– This position follows all the HSE procedures as set by the company</p>
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<p>KEY COMPETENCIES</p>
<p>– As specified in Job Competency Profile</p>
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<p>WORK ENVIRONMENT</p>
<p>– This position enjoys working in a comfortable airconditioned office</p>
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