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Job Description

Job Responsibilities:

  • Coordinate with business teams, (purchasing, accounts payable, etc.) to ensure smooth execution of the group requirements.
  • Ensure the efficient management of the company’s bank accounts.
  • Check and verify cash transactions, and also investigate and propose a possible resolution for any discrepancies.
  • Take care of the cash management system of the company and its payment mechanism.
  • Responsible for following up on financial proceedings, and ensuring tasks are completed on schedule.
  • Process transactions for issuing LCs, amendment, cancellation, lodgment of claims, and payments within the limit as per the credit policy.
  • Follow-up with procurement & finance team to execute bank transfers to meet supplier’s payment in a timely manner as per our agreements.
  • Maintain accounts records for suppliers.
  • Process transactions relating to advising, amendment, and cancellation of import letters of credit in compliance with the bank's policies and procedures.
  • Input transactions for advising, confirmation, amendment, and cancellation of import letters of credit on a timely basis.
  • Settle value of commercial invoices, and ensure full funding coverage with finance to meet supplier's commitments.
  • Maintain credit facility exposure reports
  • Prepare cash flow forecast and update on a daily basis.

·        Negotiate export L/C documents / Cash against documents with different banks, interact with confirming, discounting, and negotiating bank and follow up for collection as per L/C terms and conditions.

  • Handle assignments of P.Os to banks
  • Prepare and submit reports to monitor the workflow and payments condition


Job Details

Job Location
Riyadh Saudi Arabia
Company Industry
Manufacturing
Company Type
Employer (Private Sector)
Job Role
Finance and Investment
Employment Type
Full Time Employee
Monthly Salary Range
Unspecified
Number of Vacancies
Unspecified

Preferred Candidate

Career Level
Mid Career
Years of Experience
Min: 5 Max: 20
Residence Location
Riyadh,Saudi Arabia
Gender
Male
Degree
Bachelor's degree / higher diploma
MEMF ELectrical Industrial Co. logo
MEMF ELectrical Industrial Co.

In today’s world, managing a business on the fast track involves a complex intermixing of management strategies, sound corporate planning and professional and motivated managers. This is a time of change for Saudi Arabia. Armed with our core competence in marketing, technology, and management of customer relationships, we work towards excellence in every field. Our well-diversified product range is our major strength. Considering the opportunities emerging in the Gulf region in general, and the Kingdom of Saudi Arabia in particular, our future philosophy for fast track growth will depend heavily on joint ventures with partners of high standing and business ethics. We offer world-class products sourced from quality suppliers from all over the world. We have implemented ISO 9000 across our Group. While optimizing financial results for the organization we ensure that the citizens of Saudi Arabia, our valued customers, will get the best value for their money. Every successful business hinges on the human resources of the organization. Unless employees are cut out for their jobs and aptly honed in technical and management skills, the cutting edge will become blunt in no time. The process of inducting locally available skills at various levels is also very much a part of our management philosophy. KFB Holding Group was founded by Mr. Khalid AlBoayz, a first generation entrepreneur, in 1981. He has brought with him a considerable sense of ethics and responsibility to his employees, partners, and customers. Mr. AlBoayz is firmly committed to bringing the latest products and technologies to Saudi Arabia, while ensuring that they are suited and suitably re-engineered for local conditions. As President of KFB Holding Group, Mr. AlBoayz has implemented and upheld the best business practices, making it one of the trusted companies in the GCC region.

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