Accounts Officer
Qatar Reinsurance Company Limited (Doha)
Total years of experience :18 years, 0 months
Notable Accomplishments:
• Truncated the average claim settlement turnaround time from 8 days (in 2015) to 3 days (in 2016) with zero complaints associated with delays in payments for 02 years.
• Facilitated decision making by senior leadership through the development of a new MIS package.
• Ironed out the kinks in LOC issuing process which led to zero complaints from the beneficiaries for 03 years.
Key Responsibilities:
• Manage day to day operations of receivables & payables function inclusive of supervising staff and allocating tasks between them based on experience & competence.
• Publish annual closing packages for Head Office & 5 Branches on monthly, quarterly & annual basis.
• Share key areas of concern with senior leadership through the monthly MIS report.
• Scrutinize all reinsurance claims prior to authorizing payments to claim holders.
• Coordinate with bank representatives for issues pertaining to LOC & other facilities.
• Provide requisite data and information to auditors and regulatory bodies and address their concerns in a satisfactory manner.
Notable Accomplishments:
• Spearheaded the Export Development Reward Scheme (EDRS) initiative of the Government of Sri Lanka and bagged performance award for 02 consecutive quarters.
Key Responsibilities:
• Provide guidance & support to accounting personnel for seamless functioning of the accounts department.
• Keep track of overheads and develop SOPs to keep them from surpassing the set thresholds.
• Share analysis of cost behavior of all factories with senior leadership.
• Manage payables and receivables to avoid liquidity and working capital issues.
Notable Accomplishments:
• Supervised the implementation of Management Accounting & Pricing System.
• Developed new metrics for factory evaluation & performance assessment.
Key Responsibilities:
• Compute total product cost after incorporating materials, labor & overheads for all products; add profit margins and share prices with the marketing personnel.
• Share post-shipment profitability statements and management accounts inclusive of customer/product profitability analysis, variance reports and performance reviews with senior leadership.
• Evaluate financial performance of all divisions against budget and finalize incentives.
• Value stock using lower of cost or NRV model.