Cost Control Specialist: Accruals and Cash Flow

9 سبتمبر، 2022

0 7 دقيقة واحدة

Job Description

Job Description :
Company
Our client is founded by the Saudi government to bring all communities together and develop all sectors and fields with innovative solutions. The organization generates over $24 million in sales and has over 850 companies and 700 employees.
They are currently looking for a Cost Control Specialist (Accrual) to be based in Saudi Arabia.
Duties & Responsibilities:

Ensure no service entry sheets (SES) are booked beyond cut-off date for accrual estimation.
Review and validate percentage of completion from available documentation (PO, SES, GRN, etc.)
Ensure all Purchase Orders (PO) have a corresponding accrual booked in the system.
Ensure all accruals have a corresponding approved PO, WO / SO in system.
Review and validate month end accruals based on percentage of completion.
Monitor Accruals ageing report monthly and take necessary corrective actions for aged accruals.
Ensure that complete accruals are auto reversed at the start of the month.
Review mapping of Internal Order (IO) codes to PO, WO/SO.
Monthly monitoring of cash flow forecast against approved cash flow plan.
Review, inquire and validate deviation from cash flow plan.
Review the adjusted cash flow forecast, if any and validate the reasons for adjustments.
Compare forecasted cash flow with actual cash position on monthly basis and analyze unplanned cash outflow, if any.
Analyze, measure, monitor and report foreign currency exposure.

Qualification & Requirements:

Bachelor's Degree in Business Administration or Finance from a recognized university is preferable
About 5 years of related experience of which a minimum of 3 years should be in a similar position/ responsibility, preferably in the government / public sector.
Extensive knowledge of costing, accounting, business operations and treasury (experience in these areas preferred)
Working knowledge of project management systems such as SAP, Oracle, S4HANA.
Strong interpersonal skills
Ability to work in a team setting as well as independently