Chief Accountant
Al Rawabi Dairy Company LLC. (Emirates Rawabi PJSC)
Total years of experience :20 years, 5 Months
• Responsible for Accounts Payable, Accounts Receivable, Treasury, Fixed Assets, Inventory, Intercompany transaction & General Ledger.
• Monitoring the day to day activities, Daily Cash flow and forecasting.
• Ensuring the timely closing of full set of accounts.
• Responsible for Financial Planning & Analysis (FP&A) for Capex & Opex budgeting and forecasting processes.
• Processing and Reconciliation of Pay Roll, Staff Terminal Benefits Accruals in SAP HCM System.
• Monitoring the PPE Register, CWIP, PPE Movement & ROU Assets Movement (IFRS 16) Report.
• Liaison with Banks for facility of Short term Loans, Long term Loans, L/C & Bank Guarantees.
• Facilitates the VAT, Excise Tax & Corporate Tax return after Reconciliation of Tax GLs.
• Liaison with Insurance Company to renew various policies for addition and deletion.
• Supporting financial closings on time, costs follow-up & variance analysis to ensuring accuracy and timely submission to the Group.
• Developing and maintaining internal control and effective accounting system and policies for the set up.
• Preparing Audit schedule for external auditor to conduct interim and annual audit.
• Presenting high quality presentation of financial statements to Chairman, shareholders and governing bodies.
• Producing timely and accurate monthly, quarterly & annual Income statement, Profit & Loss Account, Balance sheet, Cash Flow statement and MIS Report.
• Responsible for day to day finance and accounts operations.
• Supervising Accounts Payable, Receivable & inventory.
• Monitoring the General Ledger & Subsidiary ledgers.
• Review & approving the PO, Payment vouchers & Journal entries in the SAP FI System.
• Review and approving Petty Cash Vouchers.
• Preparing revenue reports as per project completion and certification by project managers.
• Monitoring the Project report, Job Completion Report & Payment Certificate.
• Review and checking purchase order (GL Account, Inco terms, Item Code & Payment terms etc.).
• Ensuring the all entries are made correctly and with detail allocation to cost center, department, division/project, etc.
• Monitoring the project cost forecasts/budgets, cost tracking and controls.
• Perform the cash flow forecasting, budgeting and working closely with the operations and project teams.
• Liaising with Line manager of Sales Department / Engineering Department for new Order, ongoing Jobs and completed Jobs.
• Reviewing and finalizing the financial statements with management personnel prior to submit to board members and stakeholders.
• Responsible for complete accounting cycle for assigned companies. (Revenue, Expense, Closing & Reporting).
• Monitoring the day to day activities of finance department.
• Ensuring the Month/year-end adjustment entries, accruals, provisions done correctly before closing the month/year-end accounts.
• Co-ordinate with Group Treasury for fund requirements & reporting requirements of the banks in the agreed formats.
• Contribute to the strategic direction of the business through monthly reviews and variance reporting and recommendation of improvement initiatives.
• Co-ordinate the preparation of the statutory financial statements.
• Ensuring the Audit compliance, reports / schedules for statutory and / or internal audits are provided to the auditors.
• Negotiation of logistics requirement with local agents and suppliers.
• Identify cost saving opportunities that will enhance the profitability of the company.
• Continuously engage in identifying areas of improvement through data driven research.
• Manage supplier relationships effectively which would include effective onboarding, tracking delivery as per committed timelines and quality.
• Work closely with the projects team within Supply Chain and other departments to understand details of procurement requirements.
• Ensure compliance of established purchasing policies and procedures. Conduct ongoing reviews of same and implement continuous improvements where required.
• Keeping track of all import shipment movement and bank documents.
• Approving Purchase order and ensure compliance with supplier agreements and SLAs, ensuring that all commercials are in place to deliver high quality products within relevant cost parameters
• Perform all the activities in compliance with the Company's QHSEMS and as per the assigned specific responsibilities.
• Managed the Accounts Payable, Accounts Receivable and General Ledger.
• Monitoring the Accruals, Prepaid, Insurance and Shared Services.
• Ensuring the all the accrued expenses, documentation of all cash, credit, fixed assets and line of credit transactions.
• Analyzing monthly reporting to reconcile production operations and general ledger.
• Managed and prepared journal entries and reconciliations to support monthly general ledger closing activities.
• Reconciliation of Intercompany and related parties transactions.
• Created and implemented procedures and best practices for bank reconciliation process.
• Liaison with external auditor to provide audit schedule.
• Monitor the performance of the entity with the use of KPI and financial data.
• Analyzing the Expenses by cost center and comparing with Budget Vs Actual.
• Assisting to financial controller to finalize the financial statements, including variance reports, regulatory filings and related schedules.
• Preparing the payments to deliver cheque on time before deadlines.
• Monitoring vendor aging reports on weekly and monthly basis.
• Ensuring the vendor invoices are accurately coded, matching with Purchase Order, GRN and routed as per procedure.
• Preparing Bank reconciliation and vendor reconciliation on monthly basis.
• To perform other job related duties as assigned by Chief Accountant.
B. Com
M.B.A. Finance
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