Accounting Manager
Suez International
Total years of experience :23 years, 9 months
Accounting:
• Revising project accounts & submitting related reports to HO for consolidation.
• Meeting with and reviewing the accounts with the external auditors on regular basis.
• Coordination with the audits regarding the taxes inspections & submits related reports to HO for the Tax dept.
• Conducting Cash Flow reports for all projects.
• Manages the invoices collection
• Managing the local & Offshore Bank accounts & related transactions in regard to Cash flow.
• Coordination with Project Mgrs. Regarding project budget, budget actualization, monitoring cost control, cash flow situation.
• Responsibility for managing the day-to-day operation of the general accounting department to ensure all transaction are accounted.
• Manage the month-end closings and reconciliations for Sister Companies.
• Prepare financial statements on quarterly basis.
• Research, design, develop and implement financial systems, controls, policies and procedures to support rapid growth and expansion
• Drive process improvement and identify opportunities for cost savings
• Provide leadership and coaching to team members in support of individual employee professional goals and ambitions.
• Following up with the external and internal auditors and the tax inspectors.
• Interprets company policy to the team and enforces company policy and practices.
Administration:
• Managing contracts of accommodation, visas, work permits, driving license for the expatriates
• Managing the insurance of the apartments, cars and site insurance.
• Interacting with Telecom companies for related issues
• Interacting with the governmental entities regarding electricity and water consumption.
• Interaction with lawyers & Legal consultation regarding any legal related issue.
Perform billing, payment allocation and collection activities, following established protocols, to tight deadlines.
Conduct quarterly meetings with top customers in different countries.
Maintain up-to-date billing system and customer files.
Monitor customer account details and identify and investigate non-payments, delayed payments and other irregularities.
Organize recovery system and initiate collection efforts.
Investigate and resolve customer queries.
Prepare customers account reconciliations.
Prepare reconciliations for balance sheet accounts related to customers.
Prepare reconciliations for P/L accounts related to customers (Ex. bad debt accounts).
Prepare monthly management reports related to customers (Ex. Day On Hand, Bad Debt Analysis, Ageing & Collection reports).
Coordinate with internal audit team to ensure that the company’s policies & procedures are being followed.
Respond to external auditors’ requirements and submit all requested analysis, reports & documents.
Review auditors’ management letter & clarify any audit points taken if any.
Record audit adjustments if any.
Achievements:
Developed billing process across various countries.
Reduced annual bad debt to below 5% of annual billing
Monitor bank accounts (Local - Offshore).
Manage day to day operations related to the accounting department to ensure all transactions are accounted for.
Ensure the correct allocations of recorded cost to the proper cost centres.
Maintain up-to-date billing system and customer files according to profit centres.
Monitor customer account details and payments status.
Record all Assets Acquisitions.
Maintain assets tagging system & log
Prepare & record Monthly Depreciation for assets.
Process all post Acquisition Transactions.
Prepare reconciliations for all balance sheet accounts.
Prepare and reconcile P/L accounts according to GE standards for affiliated companies.
Upload prepared reconciliation to GE Accounts Reconciliation Tool for review & approval.
Prepare financial statements on quarterly basis.
Coordinate with internal audit team to ensure that the company’s policies & procedures are being followed.
Respond to external auditors’ requirements and submit all requested analysis, reports & documents.
Review auditors’ management letter & clarify any audit points taken if any.
Record audit adjustments if any.
Achievements:
Awarded best reconciler Sep 2009, as part of GE standard regulations all accounts submitted for review and best accounts reconciled according to GAAP standards are chosen.
Handled the cash management inflow & outflow
- Controlling letter of guarantees
- Provided financial support and advices to different departments.
Bank’s relation.
General Accounting duties .
- System Key user, creating journals, ledgers and master Data.
- Preparing and adjusting the company’s chart of account, and the company’s structure (cost center and group structure).
- Data Entry ( Adjustment; Purchase and Payment)
- Revising and booking of Bank / Cash payables to suppliers.
- Revising and booking of Bank / Cash receivables from clients.
- Participated in the monthly closure process.
- Prepared coordinate preparation of journal entries for timely and accurate month end and year end closing.
- Revised the company’s international guidelines together with the USGAAP & IFRS guidelines.
System Key user, create journals, ledgers and master Data
Prepare and adjust the company’s chart of account, and the company’s structure (cost centre and group structure)
Data Entry (Adjustment, Purchase and Payment)
Revise and book Bank / Cash payables to suppliers
Revise and book Bank / Cash receivables from clients
Participate in the monthly closure process
All Reconciliations (Banks, Accounts Payable and Accounts Receivable)
Handle the accounts with the affiliated companies
Issue and maintain all the Accounts Payable (Cash, Checks, and Wire Transfers & Web Payments) to 3rd parties, employees and Siemens Affiliated companies
Prepare purchase and payment vouchers
Review the contracts and purchase orders for the different projects
- Handed the cheques to the suppliers, filing the delivered cheques
- Filing of the purchase vouchers Printing out the cheque
- Preparing purchase and payment vouchers.
- Participated in the monthly closing process.
- Preparing lists of the departed rooms & the new arrivals & coordinating with the house keep dep to make the rooms ready for the new comers
- Daily physical chek for the vacant rooms’ key & mating it with the system
- Welcoming the new guests & handled their inquiries along all their stay
- Preparing daily lists of the total hotel occupation & forwarding it to the Food & Beverage dep. for further processing