Financial Transaction Coordinator

2 days ago


Muscat, Muscat, Oman beBee Careers Full time
Job Title: Financial Transaction Specialist

This is a one-year extendable contract position within the Finance department.

Primary Responsibilities:
  1. Invoice Preparation and Review: Prepare and review all invoices based on service contracts and operational data received from relevant departments.
  2. Invoice Generation and Dispatch: Generate and send out invoices monthly or according to terms outlined in contracts, without delays, including back charges.
  3. ERP Bookings: Book all invoices within the Enterprise Resource Planning (ERP) system.
  4. Contract-Based Invoicing: Ensure invoicing aligns with contract terms.
  5. Cash Receipts and Follow-Up: Follow up with customers for receipts and post them in the ERP system.
  6. COD/POS Reconciliation: Reconcile Cash on Delivery (COD) / Point of Sale (POS) collections and Prepaid amounts made by Customers with the operation system.
  7. Additional Services: Raise invoices considering additional services or payments made on behalf of clients, such as customs duty payments, Value-Added Tax (VAT), or clearance services, where applicable.
  8. Bank Statement Identification: Identify receipts in the bank and follow up with the bank regarding any unknown amounts.
  9. Periodic Bank Reconciliation: Reconcile the bank periodically (daily/weekly) for revenue accounts.
  10. Bank Reconciliation and Record-Keeping: Prepare bank reconciliations on time for review and approval monthly and maintain proper records for reference.
  11. Bad Debt Recovery: Follow credit recovery process for overdue payments from customers/client and escalate cases of bad debts to legal proceedings.
  12. Balance Confirmations: Issue balance confirmations to customers periodically (quarterly) and/or as per requirement.
  13. Aging Reports and Overdue Receivables: Review and complete aging reports regularly and raise any overdue receivables for management review.
  14. Revenue Closure Entries: Pass closing entries for revenue as per processes for advance revenue and subsidy accounts.
  15. Audit Support: Cooperate with internal/external audit requirements in terms of documentation and report completion.
  16. Accounting Support to Management: Provide comprehensive support to management on all accounting matters and carry out ad hoc tasks as required by management.
Requirements:
  • Accounting Education: Diploma or bachelor's degree in accounting.
  • Financial Analysis Skills: Ability to interpret and analyze financial statements and periodicals.
  • Work Experience: 0-2 years of experience in a related field.
  • Software Familiarity: Familiarity with accounting software.
  • ERP System Experience: Experience working with an Enterprise Resource Planning (ERP) system.


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