Cash & Bank Accountant

Department: Finance
Location: iVein Clinics – Egypt
Reports To: Finance Manager

About iVein Clinics

iVein Clinics is a leading healthcare organization committed to delivering exceptional patient care through operational excellence and financial integrity. We are seeking a highly organized and detail-oriented Cash & Bank Accountant to oversee all cash management activities, banking transactions, treasury operations, reconciliations, and daily liquidity management across our clinics and business units.

Position Summary

The Cash & Bank Accountant is responsible for managing all cash inflows and outflows, maintaining accurate bank records, preparing bank reconciliations, monitoring daily cash positions, processing payments, and ensuring the company's liquidity requirements are met.

The role requires exceptional analytical skills, strong financial controls, and the ability to work closely with Finance, Treasury, Procurement, HR, and Operations to ensure timely and accurate financial transactions while safeguarding company assets.

Key Responsibilities

Cash Management

• Monitor daily cash balances across all company bank accounts and cash funds.

• Maintain accurate records of all cash receipts and payments.

• Prepare daily cash position reports for management.

• Forecast short-term cash requirements to ensure sufficient liquidity.

• Monitor cash availability for payroll, suppliers, operational expenses, and capital expenditures.

• Ensure optimal utilization of available cash resources.

Bank Operations

• Manage all corporate bank accounts and banking relationships.

• Process local and international bank transfers.

• Prepare payment instructions for management approval.

• Monitor incoming customer collections and outgoing payments.

• Ensure all bank transactions are properly recorded in the accounting system.

• Coordinate with banks regarding banking facilities, online banking services, guarantees, and documentation.

• Maintain updated bank signatory records and banking authorizations.

Bank Reconciliation

• Prepare daily, weekly, and monthly bank reconciliations.

• Investigate and resolve unreconciled transactions.

• Identify duplicate, missing, or incorrect transactions.

• Ensure all reconciling items are cleared promptly.

• Reconcile multiple bank accounts simultaneously.

Treasury Support

• Assist in treasury planning and cash flow management.

• Support the Finance Manager in preparing weekly and monthly cash forecasts.

• Monitor available credit facilities and banking limits.

• Coordinate funding requirements between branches and head office.

• Assist in optimizing working capital.

Payment Processing

• Process approved supplier payments.

• Process employee reimbursements and expense claims.

• Execute payroll-related bank transfers.

• Ensure all payments comply with the company's Delegation of Authority (DOA).

• Verify supporting documents before payment execution.

Cash Flow Monitoring

• Prepare rolling cash flow forecasts.

• Analyze expected collections and payments.

• Identify potential cash shortages.

• Recommend solutions to improve liquidity.

• Monitor daily cash movement across all business units.

Financial Reporting

Prepare regular reports including:

• Daily Cash Position Report

• Bank Balance Report

• Weekly Treasury Report

• Cash Flow Forecast

• Outstanding Cheques Report

• Bank Reconciliation Report

• Payment Status Report

• Foreign Currency Position Report (if applicable)

• Cash Movement Analysis

• Treasury Dashboard

Month-End & Year-End Closing

• Prepare bank reconciliations before month-end closing.

• Record accrued bank charges and interest.

• Ensure all cash and bank transactions are posted accurately.

• Support Finance during closing activities.

• Assist auditors with treasury-related documentation.

Banking Relationship Management

• Maintain professional relationships with banking partners.

• Coordinate opening and closing of bank accounts.

• Handle bank documentation and compliance requirements.

• Follow up on banking issues and transaction delays.

• Coordinate issuance and renewal of bank guarantees and other banking instruments when required.

ERP & Financial Systems

• Record all cash and bank transactions in the ERP system.

• Ensure proper GL account allocation.

• Maintain accurate financial records.

• Support ERP implementation and system improvements.

• Ensure real-time updating of treasury transactions.

Requirements

Qualifications

• Bachelor's degree in Accounting, Finance, Commerce, or a related field.

• Professional certifications such as CMA, CPA, CTP (Certified Treasury Professional), IFRS Diploma, or equivalent are an advantage.

• 1–3 years of experience in Cash Management, Treasury, Banking, or General Accounting.

• Previous experience in the medical, healthcare, hospital, or clinic sector is highly preferred.

Technical Skills

• Strong knowledge of:

  • Treasury Operations

  • Cash Flow Management

  • Bank Reconciliation

  • Financial Reporting

  • General Ledger

  • Accounts Payable & Receivable

  • Working Capital Management

  • Banking Procedures

  • Internal Controls

  • Egyptian Tax Regulations

• Advanced Microsoft Excel skills (Pivot Tables, XLOOKUP, Power Query, financial formulas).

• Experience with ERP systems such as Odoo, SAP, Oracle, Microsoft Dynamics, or similar.

• Familiarity with online banking platforms and electronic payment systems.