The Faisal M. Higgi Co. Ltd. offers the opportunity to students to be more involved in their work environment as a trainee to gain more experience in their career fields and to enhance their knowledge and skills.
The trainee has been assigned in the finance department and many tasks and responsibilities have been assigned to the trainee in 4 sections: suppliers, clients, bank and payroll.
1- Suppliers section responsibilities: follow up and update suppliers account, contact with suppliers, prepare their request for payment transfer details, record and review journals, estimate proper payment and prepare payment request to send it to the bank section. Manage and review petty cash from other branches, do accounts analysis, write reports to finance manager and do other tasks as needed.
2- Clients section responsibilities : follow up and update clients account, contact with clients, answer their inquiries, remind them of the payment date, record and review journals for invoices, do accounts analysis, write reports to finance manager and do other tasks as needed.
3- Bank section responsibilities: receiving the payment request from suppliers sections, review it and do the payment. Receiving the payment request from HR department for overtimes, salaries or others, review it and authorize the payment. Prepare the proper documents and pay all government fees, keep track of received payment and inform clients section ,receive checks and issue checks, hold the cash, record bank transactions in journals, controlling income, cash flow, and expenditure, assess risk and report to finance manager.
4- Payroll section responsibilities: calculating the end of services for employees.
Calculate additional such as overtimes and rewards. Calculate deductions such as penalty, salary advance, vacations, reading finger print each month to calculate absent/lateness. Prepare statement of pay roll details and uploaded to online bank system.