Chief Accountant
Manufaturing Company
Total years of experience :17 years, 9 Months
Key Result Areas:
• Formulating policies, procedures & controls to ensure smooth operations as well as accurate and timely accounting of transactions
• Extending support in managing supplier payments, customer invoicing, payment follow-up, payroll, staff benefits accruals for over 150 employees
• Facilitating the preparation of weekly collection reports, month-end accruals, amortization finalization, closing of financials as well as proper recording and accounting of fixed assets
• Managing bank reconciliations, cash flow, daily operations of the finance department as well as credit control for accepting new orders and material release
• Contributing in managing monthly stock level, inventory reconciliation&valuation as well as cost analysis
• Extending support in managing trade finance dealings; facilitating application, amendments, extensions and necessary aspects oflettwer of credits
• Facilitating successful execution of year-end as well as half yearly audits
Highlights:
• Developed rolling forecasts for cash flow, profit & loss projections for review by management; undertook risk and return analysis, sensitivity analysis for the short and long-term
• Extended support in developing and maintaining operational systems for all finance & accounting functions
• Brought about improvements in reporting of monthly profitability statements, accounting procedures and tax planning
• Coordinated with other departments, helping them balance their budget and meet goals
• Administered the accounting cycle for three group companies (Emirates Future General Trading, Mira International Shipping &Yildiz Palace Restaurant)
• Managed monthly, quarterly & annual closure of books; maintained accounting records of the company and ensured proper processing of accounting transactions
• Performed review of all general ledger account balances, receivable & payables; managed funds, tracked PDC's while dealing with bank
• Extended support to the Finance Manager for managing budgeting & projections as well as arranged required documents and details for bank facility proposals
• Contributed in ensuring accurate reconciliations of various accounts including bank, prepaid and accrued
• Managedfund mobilization, fund flow, tracked PDC's, coordinated with the bank, reviewed monthly payroll and facilitated the WPS transfer
• Responsible for ensuring that all of the accounting, budgeting and reporting processes, policies and procedures are in place for the effective financial management and control of the business.
• Supporting the General Manager with his financial decision making for the short, medium and long-term direction of the business.
• In charge of the Receivables & ensuring timely collection with minimum overdue / bad debts.
• Looking after the Payables of the organisation - including timely payments to suppliers.
• Controlling & Operating entity’s bank accounts.
• Preparing & disbursement of Payroll and related issues.
• Handling Insurance needs of entity & the monthly billing to In-house and external customers.
• Monthly, Quarterly & Annual closing of books.
• Responsible for Effective Cash management.
• Ensuring accurate reconciliations of various accounts - Bank, Prepaid, Accrued etc.
• Maintaining Fixed Assets Register.
• Timely Renewal of various legal documents and handled visa & other processing for JAFZA
• Handling year-end audit.
Key Responsibilities
•Preparing reports for Monthly Presentation of financials to top management.
•Administering the Finance Department, in absence of Finance Manager.
•Providing support to the Financial Controller to monitor and executing day to day functions of the department effectively..
•Maintenance of proper credit control System with suppliers and Corporate Guest and data entries regarding all Accounting Functions
•Overall Control of the Recovery of Debtors, and Control over Creditors and Supervision of Purchase and Inventory
•Verification of Invoices with room reservation from Travel agents.
•Reconciliation of customer statement of account with their statement.
• Handling of Petty cash, prepare the vouchers & posting the same after the approvals from management