Treasury Accountant
Geidea
Total years of experience :21 years, 0 months
Monitoring and managing cash flow, bank operations, financial reporting and tax compliance, conducting periodic analysis using investment skills and business acumen, controlling banking and operation systems managing the money transmission systems, reviewing bills, assessing payment methods, authorising bank payments and reconciling bank statements, assist auditors and raise staff awareness to ensure accurate and compliant recording of treasury transactions and optimising cash management.
Duties:
o Ensuring that inter-company loans, derivatives and associated interest transactions are recorded in SAP in line with supporting agreements and trading documentation.
o Monitoring daily activity through the SAP system and various banking portals and investigating differences to expectations.
o Maintaining the cash flow forecasts across banks accounts and currencies.
o Monthly revaluations on the bank accounts.
o Maintain records of authorised signatories for purposes of confirmation and other reporting needs.
o Maintain inter-company loan documentation and interest calculations.
o Applies advanced interpersonal and higher thinking skills and procedures appropriate within assigned functional area.
o Ensuring high quality (consistency and accuracy) of allocated SAP deliverables.
o Responsible for production and delivery of prices for allocated funds.
o Proceed monthly control procedure.
Skills used:
Monitoring and managing cash flow, bank operations, financial reporting and tax compliance, conducting periodic analysis using investment skills and business acumen, controlling banking and operation systems managing the money transmission systems, reviewing bills, assessing payment methods, authorising bank payments and reconciling bank statements, assist auditors and raise staff awareness to ensure accurate and compliant recording of treasury transactions and optimising cash management. Duties: o Ensuring that inter-company loans, derivatives and associated interest transactions are recorded in SAP in line with supporting agreements and trading documentation. o Monitoring daily activity through the SAP system and various banking portals and investigating differences to expectations. o Maintaining the cash flow forecasts across banks accounts and currencies. o Monthly revaluations on the bank accounts. o Maintain records of authorised signatories for purposes of confirmation and other reporting needs. o Maintain inter-company loan documentation and interest calculations. o Applies advanced interpersonal and higher thinking skills and procedures appropriate within assigned functional area. o Ensuring high quality (consistency and accuracy) of allocated SAP deliverables. o Responsible for production and delivery of prices for allocated funds. o Proceed monthly control procedure. Skills used:
Skills: Treasury Management · Cash Management · ERP Software · Banking · Time Management · General Ledgers · Tax · Month-End Close Process · Cash Flow · Cash Flow Forecasting · Corporate Finance
Maintaining accounting and financial records in adherence to accounting standards of billing, inventories, payroll, payable and receivables.
Oversee the preparation of budgets and manage spending and variance accordingly.
Plan, manage, coordinate and implement the year end closing process.
Provide technical accounting support and interpretation.
Ensure that all suppliers’ accounts are fully reconciled.
Oversee the verification and reconciliation for invoices, receipts and balances...
Reconcile all accounts and financial records of the business units.
Ensure that bank reconciliation are verified, adequate to prevent any fraud or inaccuracies, and inter company reconciliation and resolution of outstanding items.
Support in cash management, banking, vendor relationships and implementation.
Liaise with HR on financial and timely payment arrangements for the monthly payroll.
Coordinate on external audit, accurate accounting, ensure adequate internal control in cash collection and banking, assist in ensuring cash and treasury management.
Oversees the preparation of monthly management reports and accompanying schedules, worksheets and narratives including “Budget vs. Actual” variance reports.
Participate in cost analysis and rate studies.
Provide a comprehensive financial, accounting advice services and various reports and statements to business units’ managers, decision making process.
Maintaining Integrity of General Reporting System by ensuring that all journal entries are posted in timely manner, assist with annual audit, prepare annual tax schedule & insure subsidiary ledgers and journals are closed in accordance with established policies and procedures and maintain compliance with grants.
Duties:
o Primary responsibility is to prepare financial statements and supporting schedule according to monthly close.
o Facilitate and complete monthly close procedures.
o Analyze revenues, commissions and expenses to ensure they are recorded appropriately on monthly basis.
o Prepare monthly account reconciliations.
o Prepare monthly payroll journal entries and reconciliation of account, full payroll cycle supervision.
o Prepare monthly fixed assets journal and reconcile balance sheets account.
o Prepare monthly account receivable report.
o Preparation of budget for new applications and revising contract budgets pet grant requirements.
o Monitoring of individual program budgeting to assure compliance with approved program budget.
o Assist with preparation of lead schedules in preparation for an audit by government.
Skills Used:
Bachelors degree in Finance and Accounting, 10+ Experience, Advanced Excel Software Skills, Strong Knowledge of MS Word and MS Outlook, Ability to Work Collectively.
Duties:
○ Process accounts payable invoice. ○Reconcile monthly creditor accounts. ○Prepare payments for signature.
○General ledger entries including accruals and prepayments.
○Monitor customers account for nonpayment and delayed payment as per their contract term.
○Petty Cash Reconciliations/Tracking for all jobs, that is for (HR, Maintenance, Marketing & sales departments). ○Intercompany/Inter country reconciliations (KSA, Egypt, Dubai, Lebanon), that is for 12 entities.
○ Monthly Payroll Entry and reconciliation, to ensure distribution of salary costs to related departments. ○Reconcile monthly banks accounts and clearing the non- reconciled items.
○Close Financials books monthly, as well as annual closing.
○Assist internal /external auditors with their queries.
○ Prepare weekly cash flow for the management. Process monthly commissions for sales and deposits to employees’ accounts.
Accomplishment
Ensures the integrity of accounting information by recording, validation, consolidation, interring transaction, preparing financial reports, bank reconciliation, payment system, Intercompany & Intra-company reconciliations.
Skills Used
Reporting Skills, Informing Others, Financial Skills, Forecasting, Corporate Finance, Financial Diagnosis, Financial Software, Analyzing Information, Statistical Analysis, Process Improvement, Financial Planning and Strategy.
Duties:
○Liaise with creditors for Payments deadline and provide information on procedures related to payment process. ○Prepare and follow up weekly payments for merchandise and non-merchandise invoices and deliver to treasury department.
○ Track invoices are accurately collated and entered on oracle system (approved PO and Good receipt note).
○Record vendors payment accurately on oracle.
○Reconcile sales transactions & compare sales report on monthly basis, to post Journal vouchers or resolve discrepancies.
○Check newly franchise contracts to ensure payment prepared as per credit terms & conditions.
○Submit withholding tax report for each brand based on actual payments to Revenue department.
Accomplishment
Ensures the Integrity of Accounting Information by recording, validating, consolidating, entering transaction.
Skills Used
Accounting, SFAS Rules, Research Skills, Analyzing info., Attention to Detail, Deadline Oriented, Confidentiality, Thoroughness, Corporate Finance, Financial Software, General Math Skills..
Duties:
○Prepare fixed assets depreciation reports and accruals.
○Review and adjust entries for prepaid amortization.
○Maintain financial records for subsidiary companies by analyzing balance sheet & GL.
○Holding Insurance Account Receivable; claim processing unit, adjusting invoices, auditing invoices, tracking balance by accounts, bookkeeping, monitoring, submission to the collector for reimbursement.
○Holding Royalties Account Receivable (aging, referrals; coverage period).
○ Provides recommendations on credit decision to executive management.
Accomplishment
Providing Financial Information by means of maintaining and reconciling accounts, and preparing reports.
Skills Used
Math Skills(Actuarial Analysis), Accounting, Deadline-Oriented, Reporting Skills, Attention to Detail, SFAS Rules, Confidentiality, Coordination, Thoroughness, Quality Focus, Objectivity.
Duties:
○Monitoring & assessing bank situation with bank on-line.
○Track receivables and reconciles monthly accounts receivable.
○Perform daily data entry for journal vouchers.
○Review all the rebates and allowances to ensure they are properly authorized.
○Assist the income auditor to resolve the discrepancies in timely manner.
○Create daily gross revenue report on daily basis.
○Assist the purchasing manager and follow up on invoices until the Purchase orders are approved.
○Maintain daily correspondences and procedures all necessary paper work accordingly.
○Carry out monthly bank reconciliation.
Accomplishments
Proactive and Dynamic work contributed to Financial Controller, Financial Accountant, Income Auditor, Purchasing department, as well as other department.
Skills Used
Audit, Legal Compliance, Documentation, Attention to detail, Reporting Research Results, Thoroughness, Presentation Skill, Financial Software, Corporate Finance, Generally Accepted Accounting Principle (GAAP).
Mathematics