Manager Accounts
DIGIWATCH SYSTEMS (SMC) PVT, LTD
مجموع سنوات الخبرة :19 years, 6 أشهر
• Establish financial status to maintain internal control by developing and implementing system for collecting, analyzing, verifying, and securing financial reporting information.
• Managing and monitoring team of 5 people to meet Accounting cycle deadlines.
• Quarterly-Annually Financial reporting up to Accounts finalization with month end closing, Income statement, Balance Sheet, Inventory movement and evaluation, statement of equity, ratio analysis and supporting reports.
• Support budget and forecasting activities.
• Review and manage daily-monthly schedules for Bank reconciliation, Accounts payable, Accounts receivable, fixed assets, Inventory etc. and reporting of findings to Managing Director thereon.
• Liaison with Project coordinators and Principals-in-charge regarding contract documents, change orders, modifications, approvals related to billing and evaluate project expenditures and supplies.
• Perform MTD-YTD Sales and Revenue analysis of projects operating cost, margins, finance cost with budgeted estimates.
• Maintain the billing folders for all projects, with all the appropriate documents, including expenses, consultant invoices, and monthly invoices, in accordance with standard procedures.
• Write off any uncollectible receivables, labor or expenses, as directed by the PIC.
• Prepare and review weekly-monthly time sheets and management payroll along with the accounting group.
• Prepare business tax returns and liaison with consultants regarding tax matters.
• Provide year-end support of auditor requirements, which may include research and reconcilement.
• Evaluate clearing agents and process related documents for shipment clearance.
• Recommend, develop and maintain parallel financial data bases, ERP and manual filing systems.
• Communicate and coordinate with the local and site offices.
• Prepare and direct annual/interim financial statements and varied fiscal reports to Financial Service Manager which includes Cost of goods manufactured and sold statement, periodic major variance analysis for general expenses, P&L comparison, ageing analysis for inventories, ageing analysis for trade receivables and payables, Balance sheet, Income statement, statement of equity changes in accordance with IFRS.
• Routine schedule of accounts payable and receivable transactions to ensure that municipal finances are maintained in an effective, up to date and accurate manner. Receive and issue invoices in compliance of IMPO, LPO and SO and manage monthly cheque run for vendors/customers.
• Liaison with banks to arrange finance and credit facilities which include CAD collections, Letter of Credit applications, margin deposits to ensure that all our import documents are in line with the terms and conditions of Letter of Credit.
• Worked close with HR matters to compile payroll functions in order to ensure that production/office staffs are paid in accurate and timely manner wages, overtime, reimbursements, salaries, benefits, deductions, compensations etc. Verify pay amounts, Labor work sheets, bank transfer staff’s pay cheque and review data entered for payroll information.
• Manage, review and punch custom deposits against import and export consignments and Labor deposits with HFZA.
• Actively participate and liaison with auditors at regular annual audits for financial and production, pre audit arrangements, closing books of account.
• Conduct and review periodic provisions for prepaid and accrued expenses, depreciation schedule for Property Plant & Equipment, day to day receipt/payment vouchers, bank reconciliations, GL reconciliations and extended trail balances.
• Worked close with Sales department for Inter group follow ups concern to cash flow limitations by issuing regular statement of key accounts.
• Follow up with operating departments; Production and Stores to evaluate periodic reports. This includes Job cards, work in process status and dispatch notes.
• Ensure that physical Inventory check and flow regularly takes place and properly reflects in the books of accounts.
• Verify that transactions comply with financial policies and procedures.
• Perform related duties and responsibilities as required or assigned.
• Responsible for drafting and reporting financial statements i.e. Balance sheet, income statement and cash flow statement in accordance with GAAS (Generally Accepted Auditing Standards) to financial concerns for budgetary control.
• Assist project in charge to attain comprehensive and precise project costing which includes monthly site’s project report for cost and variance analysis.
• Post, summarize and document project transactions.
• Retain concise record of client’s job including progress payments received, retention margins of work executed and work certified by consultants.
• Ensure compliance of Income & sales tax statements and returns in accordance with Generally Accepted Governmental Accounting Standards (GAGAS) at quarterly basis to determine final tax liability of the company.
• Post and review day to day business transactions in general ledgers for accounts payable/receivable, expense control and revenues to update financial database.
• Ensure that physical stock taking and flow regularly takes place on quarterly basis and properly reflects in the books of accounts with respect to their relative goods received notes and delivery orders.
• Maintain tangible asset register effecting relative periodic depreciations.
• Prepare monthly Sale/Purchase reports for cost and volume analysis which assists the department heads to plan their targets economically for import and local volumes.
• Liaison with external auditors to conduct annual audit and responsible for closing books of accounts at year end and necessary adjustments.
• Responsible for a project to correct inaccurate salary postings and establish an accurate foundation for future budgets and review monthly payroll calculations, receipt/payment vouchers, bank reconciliation, over/under overheads estimation, inventory evaluation, debtor/creditor aging and petty cash.
*Quantitative Techniques *Financial Accounting *Cost Accounting Systems *Financial Reporting *Business Taxation *Human Recourse Management *Audit assurance *Management Information System * Business Statistics & Mathematics *Operations Management *Supply Chain Management *Business Strategy& Policy
Advance Financial Accounting Cost Accounting Business Taxation Audit assurance Information Technology
Recording Financial Transactions (Status: Pass) Information for Management Control (Status: Pass) Maintaining Financial Records (Status: Pass) Accounting for Costs (Status: Pass) Drafting Financial Statements (Status: Pass)