Senior Accountant
Ibin Ajayan Trading group
Total years of experience :12 years, 1 Months
Handle full spectrum of financial and cost accounting role eg. AR, AP, GL, forecasting, budgeting, etc
Responsible for day to day finance and accounts operations
Perform full set of accounts and ensure timely closing of accounts.
Perform project cost forecasts/budgets, cost tracking, monitoring and controls.
Responsible for timely monthly consolidated financial statements, payments, cash-flow management reporting
Prepare and record payment vouchers & journal entries
Perform cash flow forecasting, budgeting and working closely with the General Manager in analyzing margins and variances analysis.
Prepare documentation for monthly Internal Audits and Annual External audit
Develop and maintain internal control and effective accounting system and policies for the set up
Ensuring that intercompany cost allocations are in line with management agreements and transfer pricing policy
Work consultatively with the respective departments on cost reduction
1) Report to the Project Manager on the cost control of the General Conditions as well as overall project costs as they relate to budgeted amounts and their impact on project profitability.
2) Apply client funds received by preparing accounts payable to trades, subs, accounts receivable reconciliation with the associated re-billing of client deductions and adjustments to billable cost.
3) Process payments to trades and subs on a timely manner and ensure that everyone complies with requisition due dates established by the schedule or contact documents.
4) Maintain complete project files, including trades, subs and vendors for the entire duration of the project.
5) Administration and control of general costs including payrolls, home office and site office costs, etc. through review and data entry of purchase orders, and check requests.
6) Examine costs to establish agreement with the contract, policy, etc.
7) Ensure that every trade or subcontractor is in compliance with the terms and conditions of his/her contract documents.
8) Interface with corporate accounting staff in dealing with billing issues and profit recognition.
1) Collating and interpreting financial information
2) Producing timely and accurate financial MI reports
3) Monitoring cash-flows and forecasting future requirements
4) Preparing financial plans and budgets
5) Managing the accounting and reporting systems of the business
6) Facilitate the annual external audit
7) Liaising with external parties such as banks, customers or suppliers, etc.
8) Analyzing and reporting on factors likely to affect business performance
9) Proposing cost saving and efficiency measures, particularly to MI systems
10) Monitoring changes in financial legislation and regulations (IFRS) as they affect the business, and proposing or instigating the necessary action.
11) Preparation of Monthly reports like Net Income Statement, Revenue reports, Cash Flow statements actual & projections, consolidation reports.
Secured 85% marks in Management Accounting Secured 81% marks in Taxation Secured 75% marks in Financial accounting