Accounting Supervisor
Ali Bin Ali Group
Total years of experience :24 years, 11 months
1. FINANCIAL AND ADMINISTRATION MANAGEMENT
• Carrying out daily operational activities and ensure the smooth functioning of the department and coordinating with various departments of the company and Group Company.
• Evaluate and establish proper procedures and practices to enhance the business operations in order to meet daily business requirements.
2. FINANCIAL ACCOUNTING
• Perform monthly, quarterly, and annual financial statements according to IFRS regulations for five SBU including consolidation.
• Perform fiscal year-end and finalize the annual consolidated financial statements.
• Liaison with external Auditors with regards to the Annual Statutory Audit.
• Review, advise, and implement modifications to accounting systems to maximize productivity, reporting and internal control.
3. MANAGEMENT ACCOUNTING
• Analysis complex financial, non-financial and operational statistics and develop exceptional management reports by using excel which allow management to make more effective decisions which are not delivered by the standard Financial and Operational Software.
• Develop and carrying out standard management reports on daily basis which help to make daily operational decisions such as Daily Sales, Bank Position, Inventory etc.
• Evaluate existing brand profitably and evaluation of the market for new brands.
• Prepare weekly & monthly management Reports of the company.
4. BANKING AND TREASURY MANAGEMENT
• Maintaining liquidity position of the companies.
• Reviewing foreign currency Management System.
• Dealing with Banks and Financial Institutes.
5. BUDGETING & FORECASTING
• Participation of annual budget of the Company.
• Monitoring the budgetary control system and budget approvals for payments.
• Identify budget issues, provides alternative solutions, and resolves problems.
Range of Responsibility:
Performs professional internal auditing work. Work involves conducting performance, financial and compliance audit projects; providing consulting services to the organization’s management and staff; providing key input to development of the Annual Audit Plan, Maintains all organizational and professional ethical standards. Works independently under general supervision with considerable latitude for initiative and independent judgment
Responsibilities and duties include, but are not limited to:
•Performs audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting client processes and procedures.
•Conducting the entrance meetings at the beginning of each audit.
•Conducts interviews, reviews documents, develops and administers surveys, compose summary memos, and prepares working papers.
•Identifies, develops, and documents audit issues and recommendations using independent judgment concerning areas being reviewed.
•Explaining, where necessary, the purpose of specific program steps, documentation required, and tests to be performed.
•Monitoring the day-to-day progress on work assigned (stopping unwarranted work and assigning follow-up work when necessary).
•Reviewing audit work papers prepared by the staff member(s) assigned and initialing such work papers to indicate review and satisfactory completion.
•Upon work paper review, preparing to-do lists or counseling the staff member(s) assigned as to additional testing, editing, further documentation judged necessary or how unnecessary work can be eliminated in the future.
•Evaluating the efforts of the staff member(s) assigned, complimenting good work performed, and constructively criticizing work needing improvement.
Dip in IFRS (Exam)is held by ACCA to update the latest knowelege and changers of international accounting standered.
Institute of certified management accountant is one leading professional body which produced management accountant.
University of Kelaniya is one of top university among five of Sri Lanka which produced full time high quality graduate for domeatic and international requirment.