Group Chief Accountant
Shaqab Abela Catering Services
Total years of experience :12 years, 5 Months
Preparing Group Consolidated Financials for management reporting purposes while ensuring that the Group Consolidation System is kept up-to-date and supports the consolidation requirements for the Group.
Performing accounts review meetings with cluster accountants regularly to validate the financials and ensure accurate representation of figures.
Analyzing leases, short-term, and long-term loans, and dealing with banks to obtain competitive rates facilities.
Presenting input on ERP (Business Review Document) BRD-related discussions and analyzing the system to guide & train the users once the system is in place.
Preparing Daily Management Dashboard & updating KPIs on a daily basis and monitoring the Capital allocation across markets
Evaluating group accounting policies and preparing proposals for revisions to accounting policies, as necessary.
Highlights:
Pivotal in developing Business Requirement Document (BRD) for ERP implementation with key inputs on Finance & Consolidation Reporting.
Created business process document and month-end checklist to enhance reporting.
Generated daily management dashboards.
• Preparing Monthly Management Reports including Executive Summary with business reviews, Profit and Loss Analysis by brand, review of Balance Sheet with commentary, Turnaround Plan for loss-making segments, comparison to benchmarks and KPIs, and additional highlights with graphical representations.
Provided financial advice to the management as and when required related to existing business activities and on new ventures.
Prepared individual and consolidated financial statements in accordance with IFRS and relevant regulations.
Handling trade finance procedures- Opening LC, determining cost, CIF procedure, execution of tender & performance bonds.
Exposure in Transfer pricing documentation for Sharaka Holdings, as the centralized Head Office operations.
Oversee the budget preparation and execution, rolling forecasts, and cost management, in alignment with the Company’s plan.
Maintain project balance analysis, including the recognition of construction Revenue, construction Cost, accrued liabilities, cash advances, WIP & Project Backlog.
Monitoring sub-contractors progress billing, retention payables & advance recovery accounts.
Processing Payroll accounting and conducting Expenses Analysis.
Administer, monitor, and perform the secretarial works of share market trading based on the updates of the Qatar Stock Exchange and Stockbrokers.
• Maintain project balance analysis, including the recognition of construction Revenue, construction Cost, accrued liabilities, cash advances, WIP & Project Backlog.
• Monitoring sub-contractors progress billing, retention payables & advance recovery accounts.
• Record contingency movements within the project, ensuring that contingency is booked or released in line with corporate policies.
• Processing Payroll accounting and conducting Expenses Analysis.
• Handling, monitoring & execution of Tender & Performance bonds, contractor’s guarantees, and project insurance policies in timely manner.
• Response to the clients, Age Reporting, Maintaining PDC, process the payment based on cashflow availability.
• Analyzing & Supervising Payroll, Maintaining the Payroll Schedules, Checking Attendance Sheet, Enrolling OT hours and working with WPS.
Key Responsibilities
• • Cash budget and monthly financial statements preparation.
• Stock movements reports review (stock control), physical verification with system and reconciling the differences.
• Assets control, Accounts payable / Accounts Receivable reconciliation.
• Arranging Monthly Payments (Rent, Allowance, Salary Advance & Other Payments)
• Being Responsible for Maintenance of Which Include Disbursement, Monitoring Bank Balance & Preparing Bank Reconciliation.
• Cash & bank - Daily Cash & Bank Maintenance and Preparing Monthly BRS.
• Usual transactions - Daily Sales & Purchase and Maintaining Trade Receivables & Payables.
• Fixed Asset - FA maintenance, Inventory counting & calculating closing stock.
• Execute risk-based internal audits for the clients in accordance with the annual audit plan, as well as assisting with other audit matters and projects such as feasibility study, project appraisal.
• Verify Trial balance with schedules
• Ensure financial accounts are correctly reflected.
• Attend stock count for various industries.
• Prepared final accounts from the books of prime entry.
• Establish risk-based audit programs
• Determine compliance with policies and procedures
I am perusing my final research to complete my MBA degree
Top Cima Passed Finalist
Advance Diploma in Management Accounting
• Completed G.C.E. A/L (General Certificate of Education Advanced Level) in the commerce stream in year 2008. • Completed G.C.E. O/L (General Certificate of Education Ordinary Level) in year 2005.
