Hiring for Account -Banking Receivables & payable (CA Cleared mandatory) at Kalpataru Projects International Ltd in the Oil & gas division.
(Require Engineering or Oil & gas, Contracting companies experience)
Job location: Saudi Arabia
Experience:
- 10-15 years of middle east experience in managing receivable/ payable/ Taxation activities for large commercial projects in Infrastructure industry or Oil & gas
- Experience of International project sites will be an advantage
Areasofresponsibilities:
- Cash flow management including payment allocations to various projects / spreads / creditors.
- Opening Letter of Credit and managing the bank facility limits.
- Responsibility for payment processing.
- Meeting / Compliance with documentary and information requirements of Banks for facilities availed.
- Effective management of working capital and calculate interest / charges and repayment schedule of LC.
- Finalize / Supervise Billing with Planning Team & ensure timely submission of bills to clients
- Follow up with clients and Project Team for collection.
- Tracking and Custodian of BGs issued in favor of KPIL.
- BG issuance and tracking of BGs issued by KPIL including renewals and collection / submission of expired BGs.
- Supervision and control over petty cash payments / balances.
- Management of Vendor / Sub-contractor (wherever required), with support from Payables Team e.g. Vendors Reconciliations and like.
- Debtors management through unbilled and aging analysis reports & tracking of invoices.
- Enforce and implement IKTVA audit requirements.
- Any other work as required relating to Receivables Management and Banking facilities.
Competencies:
- Strategic thinking
- Decision making and team management
- Direct and Indirect Tax acumen
- Excellent communication skill written and spoken
