Senior Accountant - Realty
M/s. Pure Gold Real Estate Development L.L.C
Total years of experience :28 years, 5 months
https:// www. puregoldliving.com From June.22 to present
*Pure Gold has various real estate activities such as buying Flats and Developing Fitout and furniture and selling the them. Or leasing those properties. Developing Off-plan residential projects with DLD compliance.
* Coordinating with Leasing manager for leasing flats and sale of flats and collecting payments and tracking the sales, conducting management meetings, DLD compliance such as AML, Form F, SPA, Snags, Handing Over.
* Creating Trust account, Escrow account maintenance and managing unit buyer’s accounts. .
* off-plan sales, tracking SPA, payment plans, Oqood unit registration, DLD, AML compliance.
*collecting receivables and the same reporting to TAS of Dubai Land Department portal and managing cash inflow and outflow’s DLD TAS operations
*Collecting rents, sale payments, Banking, issuing receipts, Tax Invoicing and accounting and Bank reconciliations.
* Booking cost and reconciling and reporting VAT on monthly basis.
* Prepaid accounting, Salary costing, Intercompany reconciliations, cost allocation, Service charges costing and preparing Leasing, Trading, Developing, business unit wise MIS submitting.
* Preparing Balance Sheet, Accounts Movement Schedule, Audit reporting and completing audit. .
VR Technical Services LLC, Eco Interiors Al Quoz -Dubai Interiors & MEP (World expo project) http:// vrtsuae.com
● Endeavoured to accomplish the financial objectives of the organization by forecasting requirements, preparing the annual budgets, scheduling expenditures, analysing variance, and implementing effective measures to achieve profitability.
● Advise on financial matters and suggest strategies for increasing profits.
● Managed all company payables, issuance of Cheques, banking and related Journal Entries and Bank Reconciliations done.
● Updated to management Weekly Fund Flow and forecasted the collections, the due payables, Discussed and confirmed required actions regarding payment process. Payments scrutinized and processed obtained confirmations from Suppliers.
● Handled company receivables by preparing Tax Invoices per payment certificates, issued with SOA and collected payments.
● Petty cash issued to projects are collected with VAT standard report, accounted and closed out the outstanding.
● Recorded all costing and allocated to projects and VAT prepared and filed in portal and paid to FTA from exchange.
● Employee records maintained, Payroll, leave, Air ticket, EOS calculations adhered with labour law, Processed by WPS.
● Prepared Project Pre-show and post show for projects and also variance analysis reported.
● Prepared financial statements, Accounts schedules, participated with Auditors for the timely completion of Audit.
M/s. Al Ali Construction & Development., Ras Al Khaimah U.A.E https:// www. alaliconstruction.com Worked from Dec.2017 to Dec.2020
●Preparing daily cash position with online banking & as well monthly cash flow forecast reporting.
●Preparation of yearly budget based on upcoming projects with expected cash inflow and outflows.
●Prepared monthly payroll and WPS, also employees leave and Final settlement handled..
●Advance payments and Amortization for contracts and Bank LC, Guarantees payments and Tracking and Management.
●Certificating Sub-contractors work and payable analysis, managed Fund flow and cash position reporting.
●LC. TR, processing, Procurement schedule, Meeting and coordination and agenda, Accounting and Controlling and updating with Bank positions.
●Receivable payment certificate and Tax invoice & Tax Credit Note issuance and payment collection & VAT preparation.
●Verifying bank statements, passing necessary J. V’s & prepared bank reconciliation.
●Month end process of Asset’s accounting, Depreciation, Prepaid and provision & Trial balancing.
●Prepared project cash flow and obtained Bank facility for projects and such as O.D, LC, & B.G
●ABC analysis, trial balancing, Project P&L, Audit Preparations and Financial Reports.
● M/s. KAD Construction L.L.C, Fujairah - United Arab Emirates.
●KAD is EPC company, Doing pipeline projects, Road & Infrastructure projects in U.A.E worked from Dec.2014 to Nov.2016
●Migrated data & Implemented E Promise ERP in the company.
●EPC Checking such LC, L.P.O, GRN accounting and cost analysis reports. Inventory reports matching with ERP.
●Performs the month-end for accruals, prepayments, reversals, depreciation, and other adjusting entries.
●Ensured all Financial Records are maintained in compliance with IFRS and doing payable scrutinizing and making payment and submitting payment reports to management.
●Ensured the proper allocation of all entries to the Projects Cost Centre & prepared cost reports
●Prepared financial reports such as Income statement, Balance Sheet, Fund Flow on Monthly.
●Collected all Balance Confirmations from Vendors, Customers, Banks and submitted Financial reports for audit.
BHP 5 Business Units Showroom, Swimming Pool, Sports, Water Treatment, Facility Management.
● Worked in various accounting and finance function in the centralized Accounting and Finance department.
● Analyse business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.
● Maintained accurate and up-to-date financial records, including ledgers, journals, and financial statements.
● Handled all Banking for Deposits, Bills Discounting, PDC Discounting, Bank Guarantee, LC, TR and OD
● Prepared Budget to Variance analysis, indicated to the management regarding cost variance and KPI.
● Showroom, ware house sales collections handled, cash memo entries, prepared Item, Brand wise sales reports.
● Large operation of Petty cash & Treasury handled, Project P. cash closed periodically. Internal treasury Audit Done.
● Verified bank statements, Bank position tracker maintained, passed necessary entries Bank reconciliation done.
● Purchase invoices checked, Accounted, Verified SOA, scrutinized payment process made cheques and wire transfers.
● Facility management contracts are maintained, renewed, monthly Invoiced, collections updated and aging reported.
● Checked Q.S Calculations with measured QTY and agreement, issued Receivable invoices to Clients, produced aging reports to Credit manager and attended collection meeting, confirmed collections are reported to fund flow.
● Prepared project cash flow and submitted to banks and obtained bank facilities to execute projects with use of bank LC, TR, BG and also utilized bills discounting facilities.
● Payroll, leave, Air ticket, EOS calculations checked adhered with labour law, Processed by WPS, Cash and Cheques.
● Yearend Treasury reported with Auditors, yearend physical stock matched with ERP by making necessary entries produced final stock report for stores and warehouses.
● Prepared monthly Income statement and assisted preparation of yearly Budget, yearend Finance reports and co-ordinated with Auditors for all the business units of External Audit.
● Develop and document business processes and accounting policies to maintain and strengthen internal controls.
● Maintained accurate and up-to-date financial records, including ledgers, journals, and financial statements.
● Company Administration, procured supplies, managed Drivers, H.R records, Group attendance register, O.T and Payroll calculated and also employee leave, end of service benefits are calculated and paid.
● Received payment certificate with BOQ from QS department for the contract progress which is verified, matched and certified with company stamp for contractor’s payment claim and as well issued invoice to clients for the consultancy fee.
● Collected all company receivable cheques, PDC tracked, and timely deposited and accounted.
● Maintained all company Treasury, Bank Guarantees, Security Deposits, Cash, Lease Agreements, Employee files.
● Petty cash, Owners Drawings account analysed, Inter-company accounts, shared cost and reconciliation done.
● Real Estate properties, asset register maintained, maintenance cost analysed and reported property wise.
● Coordinated with Group Finance Manager and prepared Budget and Forecasting.
● Completed Journal Entries, Prepaid, Expense booking, Trial Balance, submitted monthly Income Statement.
● Prepared financial statements, Accounts schedules, participated with Auditors for the timely completion of Audit.
