Senior Accountant – Trade Finance & Banking Al Dobowi FZE

The Senior Accountant will be responsible for managing daily banking and accounting activities, handling trade finance documentation, monitoring cash flow, and supporting month-end closing and audits. The role requires close coordination with banks, suppliers, and internal departments.

Key Responsibilities

1. Cash Flow Management

• Prepare and monitor daily and monthly cash flow statements.

• Track bank balances, plan fund requirements, and manage cash inflows and outflows.

• Provide detailed cash flow reporting to management.

• Ensure timely fund arrangements for settlement of bank dues.

2. Trade Finance & Banking

• Manage bank facilities including Trust Receipts (TR), Letters of Credit (LCs), Usance LC acceptances, Bank Guarantees (BGs), Post-Dated Cheques (PDCs), and invoice discounting.

• Maintain proper records of bank/TR dues and credit facilities.

• Monitor utilization of LC, TR, BG, and other facilities against approved limits.

• Track TR interest, LC charges, BG commissions, and ensure accurate accounting of finance costs.

• Process import payments and coordinate submission of required documents to banks.

• Manage internal and external fund transfers and ensure proper recording in SAP.

• Maintain complete supporting documentation for all banking transactions.

3. Accounting Operations

• Post incoming and outgoing payments in SAP.

• Record import payments, rent payments, prepaid interest, and accruals.

• Pass journal entries and ensure accuracy in ledger postings.

• Record and reconcile intercompany transactions.

• Ensuring all banking, TR, intercompany, and treasury transactions are properly recorded in SAP.

4. Reconciliations & Reporting

• Prepare regular bank reconciliations and resolve differences.

• Perform intercompany reconciliations on a periodic basis.

• Support month-end closing activities.

• Prepare MIS reports and other financial reports as required.

5. Audit & Compliance

• Assist in internal and external audits.

• Ensure proper filing and compliance with company policies and banking requirements.