Chief Accountant
GCC Services
Total years of experience :17 years, 4 months
GCC Services is a well-known integrated remote site services company, offering construction, camp services, and catering. It proffers customized and innovative solutions as well as offers an all-round capability of strong resources, know-how, corporate support and experience in supporting remote site operations in addition to assurance of a quality service at a competitive price. It also renders support services, skilled and unskilled manpower supply, as well as facilities management, utilities and environmental services to a wide range of sites in the Oil & Gas, Defense, Mining, and Construction sectors .
Highlights:
• Played a pivotal role in spearheading a a team of 8 members for seamless functioning of activities leading to optimal growth chart of the organization.
Key Responsibilities:
• Handling complete accounting activity cycle beginning with posting journal entries, opening and closing of accounts, maintaining general ledgers, reconciling accounts, preparing of trial balance of books along with various accounting reports, financial statements and annual reports.
• Instrumental in scrutinizing all accounting transaction and vouchers on a daily basis manually and on the computer system prior to posting the transaction in order to ensure smooth functioning of the operation in an efficient and effective manner.
• Examining HR and procurement documents ahead of accounting and processing payments in acquiescence with organizational policies/ procedures, ethical practices and guidelines of accrediting organizations.
• Overseeing the preparation of bank reconciliation statement on monthly basis to ensure accuracy and compliance with established accounting standards and procedures.
• Spearheading a full spectrum of financial and cost accounting activities pertaining to AR, AP, GL, forecasting and budgeting along with designing internal control systems for enhanced organizational functions in compliance with government laws and international accounting standards.
• Actively involved in preparing monthly consolidated financial statements, payments and cash-flow management reports, thus submitting the same to HQ in Dubai for efficient decision making.
• Streamlining and controlling cash flow forecasting and budgeting process, ensuring the timeliness, accuracy and consistency, thus functioned closely with the operations and project teams to analyze margins, variances and cost analysis for better workflow
• Assuming responsibility for performing a variety of day to day accounting tasks pertaining to reviewing & approving payment vouchers & journal entries to ensure accuracy and speed of all company transactions.
• Preparing project cost forecasts/budgets and reports as well as maintained records of cost tracking, monitoring and controls and accordingly issuing project cost reports for review and approval to the senior management for efficient decision making.
• Designing and monitoring internal control and effective accounting system and policies for the set up to improve organizational accounting/management practices and internal control systems.
• Facilitating the CFO and GM in ensuring that intercompany cost allocations are performed in accordance with management agreements and transfer pricing policy.
• Introducing and maintaining systems for cost-sensitivity analysis and early-warning of cost-overruns to ascertain smooth functioning of day to day activities.
• Functioning in close collaboration with various respective departments on cost reduction initiatives for seamless functioning of activities leading to optimal growth chart of the organization.
• Directing the preparation and maintenance of requisite financial reports in order to keep the HQ in Dubai abreast of all operational, financial, legal and fiscal issues in the region.
SOLID Company gains the license to sell and export Gold product to buyer both in local & global market.
Key Responsibilities:
• Planned, organized and evaluated all accounting procedures and policies to ensure transactions are efficient/ effective, accounting is accurate and complete.
• Performed general accounting functions, including operation of the general ledger system, journal entries, month end closing and other financial statements.
• Maintained and recorded all accounts receivable/ payable disbursements and posted them to appropriate ledgers to ascertain efficient record keeping and retention.
• Examined/analyzed journal/ledger entries, bank statements, inventories, expenditures, tax returns, other accounting/financial records, documents and systems in line with accounting principles and standards.
• Forecasted the preparation and management of budgets, thus compared operating and financial plans with actual performance to analyze variance with a view to maximize turnover/profits.
• Drafted, monitored, analyzed and implemented periodic financial reports that depict the organization's financial position, such as trial balance, cash flow projections, profit and loss account, balance sheets, monthly commission/income statements, accounts receivable/ payable listings and various other financial reports.
• Kept abreast of all pertinent legislation, rules and regulations that may relate to organizations financial affairs functions.
Inducted as Senior Accountant and worked up the hierarchy to merit promotion to the position of Internal Auditor.
Designation Chronology:
• January 2010 - June 2010: Internal Auditor
• September 2009 - December 2009: Senior Accountant
Key Responsibilities:
• Spearheaded the preparation of internal audit plans, evaluated the business and audit risks pertaining to federal government bodies and authorities in alignment with the international audit standards.
• Reviewed audit reports, performed quality checks, ensuring findings are clear and concise. Collated audit results and significant developments for presentation to the senior management/audit committee.
• Formulated procedures/policies for internal audit, assigned staff and budgeting hours for audits, tracked the progress of audits and provided technical assistance to auditors for smooth execution of internal audits.
• Established risk based audit plans, determined the directions and objectives of proposed audit methods and accordingly recognized, evaluated and mitigated audit risk in alignment with organizational goals/ standards.
• Recommended changes in order to ensure that company policies and procedures are followed as well as instituted techniques to determine and prevent fraud.
• Instrumental in functioning in close collaboration with the audit management and audit team to ensure that appropriate field work audit is carried out and that documentation supports the audit findings.
• Assumed responsibility for selecting areas for operational accounting, simultaneously designed audit procedures and systems to improve organizational accounting/management practices and internal control systems.
• Drafted complete internal audit reports indicating the financial position of the company in adherence to institute of internal audit standards, thus submitted the same to the senior management for further corrective measures.
Highlights:
• Played a pivotal role in managing a team of 5 people, thus conducted all aspects of training and performance reviews periodically to maintain a skilled and motivated workforce.
• Instrumental in coordinating the financial reporting functions of 5 locations and accordingly supervised accounts payable for the entire division.
Key Responsibilities:
• Planned and supervised preparation of financial statements and supported schedules according to monthly close schedule, enabling smooth finalization of company accounts.
• Streamlined the preparation of monthly account reconciliations statement, thus aided in analyzing financial statements on a monthly basis and reported the senior management on variances to aid further corrective actions.
• Handled various tax assignments pertaining to financial and tax audits, consequently conducted follow up on tax issues and legal forms in accordance with Afghanistan’s law.
• Aided the senior management in preparing corporate reporting requirements as well as in documentation and monitoring of internal controls to ensure financial recording accuracy and compliance with established accounting standards and procedures.
•Analyzed general ledger accounts to determine their accuracy and ensure all funds are managed appropriately.
•Handled all financial statements including: monthly/ financial statements, monthly closing of accounts, monthly accounts payable, accounts receivable and monthly cash flow statements.
• Managed day to day operations of the accounting department, thus identified, analyzed and resolved accounting discrepancies and ascertained that all policies and procedures are aligned with the organizational goals.
• Drafted detailed reports on revenue and made recommendations for senior management to improve organizational accounting/management practices and internal control systems.
Previous Professional Experiences:
• November 2006 - August 2009: External Auditor with Tadkik Audit Firm, Lebanon
• 2008 - 2009: Computer Science Teacher with Mesrobian Technical College, Lebanon
Trainings Attended: • Internal Control and Audit • Accounting Information Systems • Budgets, Forecasts • Monthly, Quarterly and Year-End Reporting • Financial and Management Reporting • Group transaction and confirmation • Bank, AP, AR and Cash Management • Job Costing • Compliance • General Administration • Payroll Administration • Inventory Control & Purchasing