Accountant
Dubai Investments PJSC
Total years of experience :24 years, 3 Months
is a world-class Group of companies that invests in viable and profitable entities. Currently DI has almost 48 subsidiaries with interest in Real Estate, Manufacturing, Pharmaceutical, Construction etc.
Job responsibilities
The position reports directly to the CFO/ Finance Manager of the Company.
Achievement: My key achievements in my current role have been to integrate stock records with accounting system and ensuring ‘Clean’ internal audit reports.
Other key responsibilities include:
Preparation of Day-to-Day Journal Vouchers, Rental Invoices and Sales Invoice
•Maintenance of Property Management System and posting rental invoices and receipts for Al Mozna and DI house tenants
•Billing maintenance and recharges of service charges to tenants
•Review and reconcile tenant ledgers and assist in collection efforts
•Preparing management report for Al Mozna Building
•Preparing and maintaining a list of contracts expiring and reporting bounce cheques to the customers
•Coordination with Statutory, Internal auditors and Government auditors
•Preparing and monitoring inter-company reports, suppliers’ reconciliations
•Reports on funds transfers, both local and international
•Recording inter-company sales and purchases.
•Preparation of preliminary budget and cash-flow forecasts
•Preparing summary for provisions for end of service benefits on monthly basis
•Preparing funds transfer instruction for inter-company transfers and to suppliers
•Verifying subsidiaries’ reconciliation and adjusting the same in consolidation runner.
•Preparing weekly cash and bank position.
•Fixed Assets Management & Control.
•Preparing Monthly debit notes for DI subsidiaries
•Receivables and Payables management.
•Banking including preparation of bank reconciliations and accounts unto finalization
•Managing the procurement function: Communication with suppliers, streamlined quotation process for regular suppliers, LPO issue and management
•Preparation of Debtors/Creditors Ageing Reports, Follow up for payment
•Supervision of outstanding customer accounts and monitoring debtors’ turnover
•Engage in special projects and other duties as required by the Finance Director
Preparation of Day-to-Day Journal Vouchers, Rental Invoices and Sales Invoice
•Maintenance of Property Management System and posting rental invoices and receipts for Al Mozna and DI house tenants
•Billing maintenance and recharges of service charges to tenants
•Review and reconcile tenant ledgers and assist in collection efforts
•Preparing management report for Al Mozna Building
•Preparing and maintaining a list of contracts expiring and reporting bounce cheques to the customers
•Coordination with Statutory, Internal auditors and Government auditors
•Preparing and monitoring inter-company reports, suppliers’ reconciliations
•Reports on funds transfers, both local and international
•Recording inter-company sales and purchases.
•Preparation of preliminary budget and cash-flow forecasts
•Preparing summary for provisions for end of service benefits on monthly basis
•Preparing funds transfer instruction for inter-company transfers and to suppliers
•Verifying subsidiaries’ reconciliation and adjusting the same in consolidation runner.
•Preparing weekly cash and bank position.
•Fixed Assets Management & Control.
•Preparing Monthly debit notes for DI subsidiaries
•Receivables and Payables management.
•Banking including preparation of bank reconciliations and accounts unto finalization
•Managing the procurement function: Communication with suppliers, streamlined quotation process for regular suppliers, LPO issue and management
•Preparation of Debtors/Creditors Ageing Reports, Follow up for payment
•Supervision of outstanding customer accounts and monitoring debtors’ turnover
•Engage in special projects and other duties as required by the Finance Director
Dubai Investments Real Estate is a 100% owned subsidiary of Dubai Investments PJSC and is one of the leading developer in Dubai.
Job responsibilities
My key responsibilities included:
•Preparing of sewerage and irrigation bills for DIP customers.
•Verifying intercompany reconciliation.
•Preparing daily cash and bank position.
•Preparing summary for creating provisions for end of service benefits on monthly basis
•Preparation of Day-to-Day Voucher i.e. RV, JV, PV, and Sales Invoice etc.
•Fixed Assets Management & Control.
•Receivables and Payables management.
•Preparing banks reconciliations
•Managing the procurement function. Communication with suppliers, preparation of supplier reconciliations
•Debtors/Creditors Ageing Reports, Follow up for payment, Supervision of outstanding customer accounts and control debtors’ turnover.
The Company is one of the most reputed chains of hypermarkets, catering to the needs of high-end Dubai population.
The position reported directly to the Finance Manager of the Company and my duties and responsibilities included:
•Preparation and finalization of accounts on monthly basis.
•Analysis and review of financial statements and the reporting to the Supervisor on a timely basis.
•Audit Work (at the time of finalization of accounts checking the balances of debtors/creditors, cash & bank etc.)
•Maintaining stocks records of the Company and the preparing inventory report.
•Preparation and analyzing Cost Statements, and related reporting.
•Additional responsibilities of administrative nature including repairs and maintenance of office and HR (preparing payroll and maintenance of employee record).
1. Maintenance of General Ledger, reconciliation of Sub Ledgers with General Ledger Control accounts.
2. Finalizing and preparing monthly Financial Statements. These included booking of accruals and provisions, review of income and expenses statement.
3. Preparation and analyzing Cost Statements, and related reporting.
4. Preparation of budgets on annual basis and explaining the variances in monthly reporting.
5. Liaison with Auditors and Bankers of the Company.
6. Maintaining wages register & attendance register.
7. Correspondence with customers/suppliers.