Senior Accountant
Al Jazira Seashore Trading & Contracting
Total years of experience :21 years, 6 months
•Handling full spectrum of financial and cost accounting role AR, AP, GL.
•Responsible for day to day finance and accounts operations.
•Perform full set of accounts and ensure timely closing of accounts.
•Authorizing and monitoring closing entries for provision of expenses and accrual of incomes and analyzing variances in income and expenses.
•Assist CFO to perform project cost forecasts/budgets, cost tracking, monitoring and controls.
•Preparation of monthly consumption and variance reports as per management request.
•Responsible for timely monthly consolidated financial statements, payments, cash-flow to Management.
•Review & approve payment vouchers & journal entries.
•Coordinating with Auditors on financial audits and preparation of reports as per audit request.
•Develop and maintain internal control and effective accounting system and policies for the set up.
•Support CFO in ensuring that intercompany cost allocations are in line with management agreements.
•Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns.
•Handling a team of 5 personal.
•Work consultative with the respective departments on cost reduction initiatives.
•Finalization of Account, preparation of Balance Sheet and Profit and Loss Account.
•Passing entries closing entries for provision of expenses and accrual of incomes.
.Handling Audits and preparing audit reports
•Asset depreciation calculation and maintaining of Asset registers.
•Preparing Reports to Head Office and Management. \Reports requieed for Board Meetings.Cash Flow, Profit and Loss, Balance Sheet, Bi-Annual reports, Ageing reports. Customer pyramid reports.
•Calculation of receivable and payable days.
•Allocation and sub - allocation of cost between departments.
•Independently handling Payables Department, Receiving documents, Preparing Documents for Payment, Ensuring that all documents are properly authorized for Payments. Dispatch to or request statement from associate / foreign client and ensure monthly reconciliation in reconciliation sheet. Liaise with counterpart on reconciling items.
•Send reminders to concerned staff for invoices not approved.
•Arrange settlement of agreed balances as per invoice due date or as per credit agreement with supplier. Send remittance advice to concerned party.
•Follow up to ensure that offsetting of payments and receipts are done timely and properly
•Reconciliation of monthly bank totals.
•Recording and checking of transaction relating expenses, incomes, Asset and purchase transactions.
•Working as system owner of companies financial software and responsible for development of software along with IT and ensuring maximum usage of software. Delivering training to staff on financial software.
•Actively involved in HSSE Team as HSSE Internal Auditor and working towards achieving to meet the HSSE goals of company.
• Feed back of day-to-day Bank Positions to Group Finance Controller.
• Preparation of Bank Fund Flow Statements on Daily Basis.
• Reconciliation of Bank Statement’s & Interest Calculations.
• Independently handling payables, receiving documents, preparing document for payment, ensuring all document are properly authorized for payment.
• Responsible for handling Guarantee which includes Tender, Performance, Labour.
• Passing of Accounting Entries like Journal Voucher, bank Payment Vouchers, Receipts.
• Independently handling Books of Accounts Relating to Investments Accounts of Company.
• High Exposure to Microsoft Office Package.
Handled following section independently: Savings Account, Current Account, Loans And Advances Inwards / Outwards, Handling Cash counter, Issuing Drafts, Verification of signature, Preparation of Day to Day reports to Head Office, Recovery of Overdue loans, Clearing department.
• Auditing of company accounts, partnership firm and bank audits
• Taxation including filing up of income tax returns for companies, firms and individuals.
• Finalization of Accounts including preparation of Trial Balance, P/L account and Balance Sheet.