Senior Accountant- Reporting and Analysis
DMG Events
Total years of experience :15 years, 4 months
• Responsible for distributing the consolidated management accounts on a monthly basis which comprises of the consolidated Profit & Loss, the individual Profit & Loss for both Energy and Non Energy sectors, Key Performance Indicators, Event stats, Profit & Loss phased by Currency, Forward contracts and Capex.
• Overseeing a team of 2 in the General Ledger department and ensuring deadlines are being met.
• Responsible for monthly cash flow for all the 7 entities and uploading the figures onto Magnitude on a timely basis before the deadline
• Responsible for consolidating the information and producing cash flow forecasts and budgets for all 7 entities and publishing the figures on Magnitude before the deadline
• Involved in producing financial statements for the UK entity on Digita
• Handling Advance Allocations which will defer shows that are not to be reported in the month
• Responsible for internal and external reporting and ensuring completeness in terms of accuracy
• Preparations of Balance sheet reconciliations for the Energy sector
• The main point of contact for all audit queries and liaising with the auditors for year end and interim audits
• Ensuring SOPs are maintained and kept up to date for tasks handled by the General Ledger team and for reporting
• Responsible for improvements in the systems and finding more efficient ways to completion of tasks keeping in line with internal controls
• Involved in secretarial tasks with respect to the Indian entity and liaising with the financial provider in terms of documentation for tax purposes, Annual General Meetings, Board Meetings etc.
• Providing ad hoc support to the team and the Finance Manager
• Assist Europe management in validating the OPEX numbers by sending draft versions to 20 + market to validate, provide accruals and close off per timelines determined.
• Responsible for maintenance and improvements in the MIS reporting process, leveraging automation and enabling accurate and faster in-depth data analysis.
• Independent responsibility for the Profit & Loss and Balance Sheet of Aspen Europe comprising of 21 companies
• Preparation & Consolidation of financial statements for all reporting cycles including monthly actuals, annual budget, quarterly forecasts and the 5 year plan.
• Update the SOPs for the entity to ensure they are in line with the current WOW.
• Maintain and balance subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving intercompany discrepancies as applicable.
• Overseeing the reconciliation of 30 bank accounts across the European region
• Assist in Internal and External Audits as required.
• Experience of working with Shared Service Centres (SSCs) such as Genpact in Romania & Deloitte in Netherlands
• Trained a team of 2 in General Ledger, Fixed Assets, Payroll functions and Reporting on COGNOS.
• Ensuring the accuracy and timeliness of financial reporting and analysis to relevant stakeholders
• Maintaining OPEX & CAPEX in line with budget/quarterly forecast and providing variance analysis
• Reporting of financial statements to the corporate office via COGNOS system
• Involved in automated banking of supplier payments, maintaining a good relationship with banks and was also involved in the transition from manual bank postings to automated bank postings.
• Preparation of supporting schedules and balance sheet reconciliations
• Providing ad hoc support for periodic VAT & tax filings
• Ensuring that appropriate systems and internal controls are implemented and maintained
• Liaise with cash vans and sales representatives on a daily basis, collect cash or cheques from them for different routes received from the various customers of Nestle which covers a wide spectrum of industries including the hotel industry, aviation industry, shopping malls etc.
• Update the cash collection report which is sent on a daily basis to the collection team of Nestle which is located in Egypt.
• Responsible for the deposit of cash collected at the end of the day with the bank and reconciling the cash deposit as per the bank with that of our records.
• Following up with the cash vans and sales representatives at the month end for cash collection due from customers as of the month end.
• Reporting directly to the head of the finance department for the position of outstanding receivables as at the month end and ensuring that only a marginal percentage of receivables is still due for collection.
• Liaise with the collection team which is located in Egypt and answer queries pertaining to the cash collection report as at the month end.
• Assist the accounts team with various other routine tasks.
• Perform variety of accounting functions such as preparation of journal entries using SUN system, reconciling the bank accounts to bank statements, reconciling intercompany accounts and assisting with special accounting projects.
• Process payments, make extensive use of online banking, liaise with bankers regarding financial transactions.
• Handle the accounting for the Pakistan unit of Stemcor which involves the preparation of journal entries, preparing monthly reports, passing intercompany adjustments, reconciling intercompany accounts (Dubai and Pakistan), preparing the trial balance and the Profit & Loss statement, uploading the trial balance in the Cognos system which generates reports such as the Balance sheet, Profit & Loss statement and Profit by month report.
• Involved in the preparation of daily, weekly and monthly statements; daily reports such as the pre purchase report, weekly statements such as the overdue debtors report, these reports are generated using the Orsis system which is integrated with SUN system.
• Assisting the Finance Controller in various projects such as the preparation of cash flow forecasts on a weekly basis.
• Ensuring compliance with accounting deadlines.
• Support internal and external audits.
• Part of team involved in the Audit & preparation of Audit Reports of all MNC Clients; which included liaising with their Finance Managers, reporting to the Audit Manager and ensuring the timely completion of audit tasks while meeting the Deloitte quality standards.
• Develop and execute work plans for each assignment after analysing the critical business processes based on risk assessments. Gather and collate audit data and apply financial,
technical and statistical analytical tools to develop effective audit reports identifying major causes of concern.
• Performed a full spectrum of accounting functions including audit testing as per the IFRS guidelines for numerous financial accounts, tests of controls, evaluation and documentation of accounting systems.
• Part of interim audits which focus mainly on the internal controls, risk identification, mitigation and prevention by recommending corrective measures.
• Involved in final audits which include the preparation of Annual financial statements and the Consolidation of Accounts in case of large Groups.
• Was involved in audits of Manufacturing Companies and Public listed Companies such as Air Arabia (P.J.S.C) for three years.
• Ensuring compliance of the Companies Act and various other laws in force.
