Supervisor – Payroll & Banking
Middle East Battery co.
Total years of experience :27 years, 1 Months
1- Supervisor Payroll Accountant
MEBCO / GENERAL MOTORS - Dammam
One of the largest lead acid battery manufacturer (free maintenance) in the Middle East that distributes to the entire Middle East region, African region and other countries.
Payroll tasks:
- Responsible for preparing monthly payroll.
- Arrange the advance payment for employees going on vacation.
-Review and audit time sheet for attendance of all employees in all departments.
- Calculate employees’ end of service settlement, benefits and merit increases.
- Review and update payroll deductions & reconcile to ensure accuracy.
- Coordinate with banks for staff accounts and related issues.
- Prepare JV’s for end of the month closing.
- Reconciliation of Accruals and Expense accounts of payroll.
- Ensure high efficiency and accuracy in updating HRMS Payroll to meet end of the month closure.
- Prepare employees’ monthly insurance subscription for (GOSI) online.
- Submit requests and follow up with (HRDF) to refund 50% of salaries for the new Saudi's hired by the company.
Bank related tasks:
- Prepare banks reconciliation.
- Communicate with banks to handle company financial matters.
- Prepare and review all banks facilities and agreements.
- Arrange daily cash position Current Accounts, Time Deposit, Petty Cash, LCs and LGs.
- Prepare Time Deposit and follow up with the bank to record it (Rollover or Liquidate).
- Purchase Different currency from Treasury Department (Foreign Exchange Currency).
- Prepare L/Cs Applications for import materials from our suppliers and discuss it with the bank.
- Review all export L/Cs with the bank and follow up with them to insure the amount depositing to our account.
- Prepare L/Gs Applications for Customs duty.
Credit Cards:
- Responsible for issuing credit cards for both General Motors and MEBCO management for business operation.
- Preparing credit cards reconciliation.
Petty Cash:
- Handling petty cash movement.
Expense claim Reports:
- Check and review all travel expense reports to insure they comply with company’s policy.
- Control travel expenses within the Budget.
Accounts Receivable:
- Process all Sales Invoices, with supporting documentation is included.
- Review and analysis the Aged Debtors to follow up with customers to improve the Company’s cash position.
- Maintain & update in the system selling prices lists.
- Reconcile the Accounts Receivable Ledger with the General Ledger.
- Prepare any Journal Entry Vouchers relating to the Accounts Receivable.
- Prepare weekly or monthly forecast of the expected forward cash collections from customers.
Accounts Payable:
- Process all Accounts Payable vouchers through to “Payment Voucher” status, with supporting documentation is included and that the invoice matches with the Purchase Order and Goods Receipt.
- Review payment terms and any identified opportunities to improve the Company’s cash position.
- Reconcile the Accounts Payable Ledger with the General Ledger every month.
- Monitor advances/prepayments made to suppliers and closing in the system.
- Review all open Purchase Orders for appropriateness.
- Prepare weekly/monthly forecast of the expected forward cash payments.
Monitoring the daily sales transaction
Monthly stock taking over the vehicle stock
Monitoring cash movements
Responsible for Accounts payable
Handling the work of general accounting & analysis of accounts.
Intensive English courses from Sep. 1994 to Jun. 1995 Co-op training at Al-Mutlaq Co.