Accountant
Hammad Al Wazaan (ashrafia)
Total des années d'expérience :16 years, 1 Mois
• Preparing Letter of credit application as per the requirement.
• Preparing daily Banks positions.
• Keeping track of Supplier payment.
• Keeping track of LC, LG, PN and overdraft.
• Managing LC, LG, PN & overdraft facilities.
• Monitoring Bank facilities.
• Handling HSBC online Banking e.g. transfers, document arrival advice, facilities etc
• Flow- ups with banks for clarifications and issues.
• Verifying purchase, payment terms, and cost analysis before approval.
• Verifying company expenses and their payments.
• Preparing Daily Cash reports.
• Updating accounts system after proper transactions.
• Bank reconciliation
• Helped in implementing SAP accounting system.
• Helping finance team in annual closing and preparing and analysing financial statements
reconciliation, inter company reconciliation
• Helped in implementing SAP accounting system.
• Helping finance team in annual closing and preparing and analyzing financial statements
Currently working as a Trade Finance Officer with IMCO Engineering-CANAR Trading & Contracting Company in their Head Office at Ahmadi, and work handled is summarised as under:
Responsibilities:
• Timely execution of requests from divisions with respect to issuing, amending Letters of Credits, Including drawdowns, rollovers, wire transfers, and investigations.
• Second check all incoming Trade documents. Notifying Divisions or agents of discrepancies and following up with appropriate action.
• Ensure compliance with all LC Industry standards (UCP600) and (ISP98) and regulatory requirements including all KYC verifications for Letter of Credit clients and beneficiaries.
• Ensure the accurate set-up and maintenance of static and transactional data on all Bank Systems and databases relating to client, sanction, and L/C information, via monthly review of discrepancy and balance reports.
• Ensure that fees are charges appropriately collected and negotiated in a timely manner.
• International Standby Letters:
o Responsible for drafting, issuing, advising, and examining documents presented under letters of credit to ensure that they are in strict compliance Bank policies, procedures, and International Standby Practices or Uniform Customs and Practice for Documentary Credits procedures and regulations.
o May draft and process Standby Letters of Credit draws and notifying clients if document/s not in compliance.
o Provide comments to line officers, offices and Affiliates as appropriate regarding acceptable wording of Standby Letters of Credit.
• For Commercial Letters:
o Responsible for processing export and import letters of credit transactions including drafting, issuing, advising, and examining documents presented under letters of credit to ensure that they are in strict compliance procedures.
Coordinating between departments
Registration of Agency Agreements
Timely data entry management
Purchase incharge for Stationary and enttertainment items
Preparing Letter of Guarantee & Letter of Credit (New, Extension, Amendment)
• Implemented new administrative procedures and processes as per ISO 9001 2008 Quality Management System
Quaterly internal audit for proper procedures are followed by the department.
Record Management