Daffodil Lagat, Financial Accountant

Daffodil Lagat

Financial Accountant

Majid Al Futtaim Ventures

Lieu
Émirats Arabes Unis - Dubaï
Éducation
Baccalauréat, CPA - Certified Public Accountant
Expérience
20 années, 1 mois

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Expériences professionnelles

Total des années d'expérience :20 années, 1 mois

Financial Accountant à Majid Al Futtaim Ventures
  • Émirats Arabes Unis - Dubaï
  • Je travaille ici depuis mai 2016

Financial Accountant - GL
⁻ Perform GL Accounting processes. Support business activities in relation to the processes.
⁻ Ensure compliance with internal controls and procedures as per company’s financial Policies in connection with GL accounting and recommend improvements.
⁻ Prepare Inter-company Reconciliations on monthly basis ensuring transactions accuracy and completeness and resolve outstanding reconciling items and escalate if required.
⁻ Run GL Accounting related integrity reports on monthly basis and ensure no issues are outstanding.
⁻ Liaise with Internal and External auditors on accounting and financial reporting matters or any other matters as and when required; ensuring timely implementation of audit recommendations.
⁻ Maintain proper control over accruals and provisions during as well as at the end of the fiscal year ensuring correctness, completeness, and adherence to the company’s financial policies and procedures.
⁻ Prepare journal entries for the assigned area of responsibility for posting to the company’s general ledger accounting system.
⁻ Ensure compliance with monthly, quarterly and year-end Closing Check List.
⁻ Process and enter the monthly, quarterly and year-end closing entries, ensuring all deadlines are always met.
⁻ Communicate to and coordinate with all concerned parties with regards to accruals/provisions requirements during the year and review adequacy and correctness of accruals/provisions on monthly basis.
⁻ Prepare entries for all prepaid amortizations, advances, and allocations ensuring accuracy and compliance with IFRS/IAS.
⁻ Provide required assistance in implementation of new financial systems, interfaces, and/or system improvement as well as similar initiatives.
⁻ Prepares Balance Sheet reconciliations, ensure timely submission, determines any abnormalities/inconsistencies, reports and resolves any issues. Conducts regular reviews with the business unit managers, take necessary actions.

Financial Accountant - Payables
⁻ Processes, books supplier invoices with average of 120 invoices per day with 3, 000+ vendors
⁻ Prepares Critical suppliers reconciliation report across 6 business units in monthly basis, meeting with the business units and the vendors and resolve issues on dispute invoices and other reconciling items.
⁻ Prepares monthly Film hire Reports, ensuring all invoices are duly accounted for, reports any discrepancies.

Senior Accountant à Binghalib Group of Companies
  • Émirats Arabes Unis - Dubaï
  • mai 2011 à mai 2016

Senior Accountant- Corporate/Head of Office- Centralized Accounts of 14 Group of Companies.

Corporate/Head Office Accounts
-Checks & Approves LPOs (Local Purchase Orders) into the system. Monitors Open LPOs and ensures that Supplier Invoices are posted on time. Reconciles Supplier ledger/resolves any variances/issues. Prepares Supplier Payments in a timely manner and monitors & updates Payable balances/Aging.
-Bills intercompany for Corporate/head office expenses share. Monitors, follow-ups, reconciles Intercompany receivables. Prepares receipts/updates Accounts.
-Ensures that bank reconciliation is done monthly. Reconciles general ledgers.

Payroll Preparation for All Group of Companies
-Processes Payroll/Salaries of 400+ employees on a monthly basis thru WPS. Enters Salary additions and deductions in payroll system. Monitors staff advances & loans. Processes Employees’ final settlement dues, leave salaries, air ticket, employees’ bonuses, incentives & other staff benefits.
-Works closely with the HR Dept to ensure accurate & timely processing of staff remunerations.
-Handles and ensures satisfactory resolution of all queries/issues of the employees related to compensation, pay & benefits. Maintains confidentiality of the payroll data. Prepares/posting of the payroll journals in the system.

Group Reporting/Financial/Management/Audit
-Works with the Team in preparing, examining, reconciling & analyzing accounting records; financial statements & other financial reports to assess accuracy, completeness/conformance to reporting & company procedure standards.
-Works with the Team in preparing Management Presentation Reports monthly/quarterly/annually: sales trend, break-even analysis, budget vs actual expenses and monitoring, profit & loss prior period comparison, inventory, payable & receivable aging, Bad stocks & bad debts reports & status.
-Works with the Team in preparing External/Internal Audit requirements/reports/schedule of Accounts, liaising & coordinating.

Senior Accountant- Head of Small Finance Team of 2 group of companies- Before implementation of Centralized Accounts and still concurrent:

Accounts Management
-Acts as Head of Accounts of a 3 member team, supervises and coordinates activities in maintaining day to day accounting transactions. Responsible for the overall finance dept of the 2 group of companies.
-Checks & approves Sales Orders into the system based on the standard predetermined percentage minimum margin. Forwards initially reviewed SOs to the Head of the Divisions for further review and evaluation which are pending for approval. Checks & approves LPOs into the system.
Checks & approves General Journals into the system prepared by the members of the finance team. Ensures that Entries are correct, accurate & supported by the proper documents.
-Checks & approves Supplier Payment Vouchers. Ensures that payments are made on time. Ensures proper documentation/invoices/approved LPO/reconciled supplier statement of Account. Ensures accuracy & completeness of the payments made.
-Enhance operational efficiency by implementing changes based on evaluation of existing policies/procedures/processes.

Payroll Preparation for the 2 group of companies
Processes Payroll/Salaries of 37 employees on a monthly basis thru WPS.

Manages Petty Cash Fund- Checking bills, disbursing & entering into the system.

Financial Reports & Month-end Closing
-Journalizing month-end/year end entries for Accruals, Depreciations, Provisions/Allowances of Bad Debts followed by closing of the period.
-Review Trial Balances. Checks & finalize Financial Statements: Balance Sheet, profit & Loss, cash Flow & Statement of changes in Owner’s Account.Checks accuracy and meet reporting deadlines.

General Accountant à Colour Extreme Digital Printing LLC
  • Émirats Arabes Unis - Dubaï
  • mars 2008 à avril 2011

Appreciated by the senior management on multiple occasions for minimizing Past Due Accounts and enhancing customer collection rate, defining accounting policies/ procedures and successfully completing year-end audit in 2 days in 2010

Responsibilities
Involved in receipt of supplier invoices and verifying LPOs attached and delivery notes for resolving discrepancies/ variances based on changes in prices, updates
Maintained updated files for purchase invoices/ statements by journalizing/ posting payables to the system
Reconciled suppliers' statements for preparing monthly list of aged payable with corresponding amount recommended for payment based on budget and Managing Director's approval
Processed payment vouchers, cheques and scheduled release of suppliers' cheques based on organizational fund flow
Verified job orders and followed up with clients pertaining to collection of payments
Coordinated activities related to processing/ delivery of invoices, posting receipt vouchers to the system followed by reconciliation of invoices
Involved in reconciling client statements, preparing credit notes, fixed rates/ prices for clients
Generated detailed customer payment status report, updated summary/ highlights on collections/ pledges to the managing director
Initiated actions against defaulting clients based on approval from the managing director. Liaised with lawyers and followed up on progress of legal cases
Involved in assigning inventory codes, preparing monthly inventory report based on changes in prices of items/ materials. Prepared bank reconciliation report based on day to day cash and cheque deposits
Highlighted cash flow projections by presenting detailed reports on cash receipts and payments. Maintained updated status of petty cash in the system
Managed payroll/ other administrative activities followed by submitting documents to bank and distributing pay-slips to employees
Maintained updated personnel data in the system encompassing salary details, date of entry, contact details, other changes and/or increases of salary and allowances
Generated/ updated various status reports for the senior management team and other stakeholders to enable effective decision making
Prepared/ maintained trial balance, financial statements, schedule of real accounts and other independent audit requirements

District Accountant - Head of Finance Department à Quedan and Rural Credit Guarantee Corporation
  • Philippines
  • octobre 2003 à octobre 2007

Awarded amongst Top 3 employees in 2006.
Acknowledged for organizing training sessions for Bookkeepers of Cooperatives in 2006

Responsibilities
Generated/ presented reports and analysis like Income Statement Situational Report, Balance Sheet, Aging of Receivables, Statement of Cash Flows and Schedules of Accounts to enable effective decision making by the senior management
Maintained regular interaction with Regional and Central Office on advises, financial statements, schedules and other financial reports
Coordinated with the management on annual corporate planning, budgeting and supplies management. Prepared budgets and identified variances with actual
Evaluated daily cash and collection reports. Reconciled daily receipts with corresponding deposit slips
Conducted surprise check on petty cash fund, daily cash and check collections. Prepared reports and identified variances
Involved in reconciling cash in local current/ savings bank accounts and inter- district reciprocal accounts including evaluation of nominal and real accounts. Prepared schedules and reconciliation
Rectified/ reclassified erroneous entries in accounting books based on reconciliation of various accounts
Verified loan folders to ensure completeness of loan documents based on program guidelines
Assessed petty cash fund summary and other supporting documents related to payment/ disbursement
Functioned as Chairperson in District Credit Group Committee involved in approval/ disapproval of loan application based on existing program guidelines and assessment of financial capacity of the borrower/s
Discharged functions as Unit Head of the Administrative and Finance Services Group spearheading activities of clerical workers in performing accounting and bookkeeping tasks
Verified authentication of data/ computation prepared by accounting staff. Managed administrative aspects and prepared monthly payroll
Set up accounting system for the Self Reliant Team Cooperatives in three municipal areas organized by the Corporation to facilitate agri-credit for the marginalized members
Conducted training sessions for cooperative accounting personnel and assisted in implementing effective internal controlsSpearhead a team of 3 members in maintaining day to day activities in the accounts department
Evaluate/ ensure accuracy to bank payment vouchers for suppliers and other disbursements with supportive invoices, LPO, delivery notes and other documents to validate payments
Follow up with team members pertaining to supplier reconciliations, resolution of issues/ variances and disbursal of payment to suppliers based on ageing report
Assess/ approve sales orders, purchase orders and general journals into the system
Ensure maintenance of organizational bottom lines by effectively maintaining sales margin and updating entries into the system
Enhance operational efficiency by implementing changes based on evaluation of existing policies
Involved in processing monthly payroll for 37 employees across 2 companies including calculating monthly commission for 10 sales executives to be incorporated into the payroll
Maintain updated details of bills and manage petty cash fund for 2 companies

Reporting and Documentation
Involved in closing inventory in the system, journalizing month-end and year-end entries like depreciation, accruals and provision followed by final closing of period
Generate detailed reports and render qualitative presentations to update monthly business/ financial status to the senior management team to enable effective decision making
Assist in internal/ external audits by preparing schedules, reports, financial statements and other supporting documents

Éducation

Baccalauréat, CPA - Certified Public Accountant
  • à Xavier University - Ateneo de Cagayan
  • mai 2003
Baccalauréat, Accountancy
  • à Xavier University
  • octobre 2002

Passed Licensure Examination for Certified Public Accountant, CPA in 2003

Specialties & Skills

Microsoft Excel
Reporting
Accounting
Financials
Microsoft Dynamics
ACCOUNTANCY
ACCOUNTING
ADMINISTRATION
BALANCE
BANK RECONCILIATION
BUDGETING
FINANCE
MICROSOFT OFFICE
PAYROLL PROCESSING
Microsoft Dynamics AX
GL Reconciliations
Accounts Payable
Petty Cash Handling
Accounts Receivable

Profils Sociaux

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Langues

Anglais
Expert

Loisirs

  • Creative Writing, Drawing
    Rated “High Contributor” in annual performance evaluation Received Award for Best Employee of the month August (2016) Received CEO Award for Best Accountant (2013) Received Award amongst Best Top 3 employees (2006) Received CEO Award for Best ERP Integration- Microsoft Dynamics AX (2013) Received Inspire Award from Direct Manager for ERP Vendor system implementation