Chief Accountant
Jzala Trading & Investment Company
مجموع سنوات الخبرة :16 years, 0 أشهر
Managing the entire financials and day to day operations of the holding company and monitor its 5 subsidiaries.
Subsidiaries deals with various industries like Investment, Hotel Management, Construction, Manufacturing, Property Management and Security Services.
Reporting directly to the Chief Financial Officer.
Perform financial analysis and reporting to management as needed.
Responsible for month-end and year-end financial closing of subsidiaries and group activities.
Entitled with the responsibility of submitting Trading, P&L, Balance Sheet of the group and separate entities on a monthly basis to the management.
Submit various SWOT and MIS reports to the management on a timely basis.
Coordinate with finance team to complete assigned accounting tasks within deadlines.
Evaluate computerized accounting systems and provide recommendations to IT team for performance improvements.
Analyse financial discrepancies and recommend effective resolutions.
Monitor expenditures, analyse revenues and determine budget variances and report the same to management.
Respond to accounting inquiries from management in a timely fashion.
Provide guidance to Senior Accountants, Accountants and Junior Accountants as and when needed.
Assist in budget preparation and expense management activities for assigned accounts.
Assist in auditing activities by providing necessary information and preparing requested documentations.
Monitor and record financial transactions according to company policies and regulations.
Review and recommend changes to existing accounting procedures.
Noteworthy Contributions
Took major initiative and played major role in implementing Oracle Fusion in the entire company including subsidiaries.
Successfully and singlehandedly fulfilled the external audit and submitted company financials to the senior management.
Handle full spectrum of financial and cost accounting role e.g. AR, AP, GL, forecasting etc.
Responsible for day to day finance and accounts operations.
Perform full set of accounts and ensure timely closing of accounts.
Perform project cost forecasts/budgets, cost tracking, monitoring and controls.
Responsible for timely monthly consolidated financial statements, payments, cash-flow management etc.
Review & approve payment vouchers & journal entries.
Perform cash flow forecasting, budgeting and working closely with the operations and project teams in analysing margins, variances and cost analysis.
Issue project cost reports for review and approval.
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.
Work consultatively with the respective departments on cost reduction initiatives.
Report to management regarding the remaining funding available for projects.
Create or approve all project-related billings to customers.
Investigate all project expenses not billed to customers.
Respond to requests for more detail from customers.
Approve the write off of any project-related billings that cannot be billed to or collected from customers.
Compile information for internal and external auditors, as required.
Accounts Payable Handling
Responsible for all Accounts Payable processes.
Ensured input and timely payment of all vendor invoices.
Process and audit of Employee Expense reports.
Responsible for weekly check run and positive pay transmission towards vendor.
Resolves collection and invoice discrepancy matters.
Setup and Process of 620 vendors and yearly reporting to Internal Revenue Service.
Assisted in Month End Closing and Year end close.
Work closely with Auditors during bank and yearly audit.
Rectified escalated accounts payable issues from employees and vendors.
Balanced batch summary reports for verification and approval.
Suggested process improvements to secure prompt and regular receipts for the organization.
Verified details of transactions, including funds received and total account balances.
Accounts Receivable Handling
Maintain up-to-date billing system.
Generate and send out invoices.
Follow up on with Operations, collect and allocate payments.
Carry out billing, collection and reporting activities according to specific deadlines.
Perform account reconciliations.
Monitor customer account details for non-payments, delayed payments and other irregularities.
Research and resolve payment discrepancies.
Generate age analysis.
Review AR aging to ensure compliance.
Maintain accounts receivable customer files and records.
Follow established procedures for processing receipts, cash etc.
Process credit card payments.
Prepare bank deposits.
Investigate and resolve customer queries.
Process adjustments.
Organize a recovery system and initiate collection efforts by liaising closely with the Operations.
Communicate with customers via phone, email, mail or personally.
Assist with month-end closing.
Collect data and prepare monthly metrics.
Reconciliation Tasks
Monthly Interdivision Reconciliation for 5 business divisions.
Reconciliation of Accrued charges with respective Costing overheads.
Daily Audit on Cash and Cash related documents handled by various cashiers in different outlets
Other Tasks
Dealing with Bid Bonds, Performance Bonds and Letter of Credits.
Clearing the Travel, Hotel stay, Training and Customer Entertainment vouchers on a regular basis.
Accounting of all the Expenses related to 5 divisions.
Verification of physical Stock on a monthly basis with the stock reports
Specialization in Finance & Administration