Accounts Payable Senior Officer in Saudi Enaya Cooperative Insurance Co مكة جدة السعودية

This job listing is about Saudi Enaya Cooperative Insurance Co in مكة جدة السعودية 2022 exclusively on jobizille.com

Job Purpose/Overview:

Carry out accounting and paperwork tasks related to efficient maintenance and processing of payable accounts transactions and responsibilities.

Responsibilities:

• Administration of day-to-day activities of the Accounts Payable function
• Review and reconcile payroll, including advances and loans
• Initiating payroll transfers in the bank
• Posting payroll with cost centers in Oracle
• Calculating and recording monthly staff leave and EOS provisions
• Maintaining proper filing records to be available during the audit
• Providing supporting documents and required information to Auditors
• Maintaining and reconciliation of accruals and prepayments to ensure the accuracy of financial information
• Administration of petty cash payment
• Issue accounting entries
• Reconciliation of Inter-Office accounts
• Coordinates with Bank and Exchange Centers for the acquisition of Drafts, Wire Transfers, and others for claims settlements
• Interacting with banks to resolve issues
• Provides accounting reports
• Management of approved claims sign-off statements and reconciliation amount payable to providers on a timely basis, ensuring payments are made to correct beneficiaries.
• Responsible for authorizing providers and claims payment by ensuring completeness and accuracy of records in line with underlying documents.
• Management of provider prompt payments to achieve maximum payment discount while considering cash flow availability.
• Managing the prompt update of claims and batch tracking sheets with payment details.
• Ensure that prompt payments are matched manually before payment of approved or sign-off statement amounts to providers to avoid double payments.
• Managing list of provider and reimbursement claims on hold.
• Management of reimbursement claims payment on a timely basis, ensuring payments are made to the correct beneficiaries.
• Manage timely preparation of monthly Commission Reports for Direct Sales in Jeddah & Riyadh, Tele-sales, Brokers, and Agents.
• Ensure any change in Sales Entity is appropriately adjusted in Commission Report.
• Manage timely computation of Relationship Team & Non-sales staff referral commissions.
• Escalation and rectification, in liaison with UW & Membership, of incorrect commission rates loaded in policies.
• Manage timely submission of monthly WHT returns to a tax consultant.
• Liaise with WHT advisors to review WHT returns and clarify queries.
• Liaise with GAZT auditors for WHT audits and address audit queries.

Qualifications

• University degree (BA) or equivalent in Accountant / Finance.
• 1-3 years of accounts receivable or general accounting experience, Insurance Industry experience would be an advantage.

Experience in:

• Accounts receivable
• Office administration and procedures
• General bookkeeping procedures
• General accounting principles
• Proficient in relevant computer software
• Regulatory standards and compliance requirements

Company: Saudi Enaya Cooperative Insurance Co

Vacancy Type: Full Time 

Job Location: مكة جدة السعودية

Application Deadline: N/A

Apply Here

jobizille.com