Baker Hughes / BJ Services Middle East
Baker Hughes / BJ Services Middle East
Total years of experience :17 years, 6 Months
KEY ROLES:
Handle cash inflow and outflow of operations.
Execute automated payments in SAP through wire transfers/cheque payments involving monthly volume approx. US$ 20-30 million and liaise with vendors and banks for all correspondences.
Process Cash application in SAP for cash and credit Collections which involve approx. US$ 40-50 million on monthly basis.
Submit Accounts Receivables Credit Collections report to Senior Management for Middle East Region for DSO purpose, follow ups and meeting targets.
Reconcile Accounts Payable and Accounts Receivable Sub Ledgers, prepare GL reconciliations in Blackline.
Handle all Bank accounts which include cash and bank entries, reconciliation of all Cash and Bank accounts for Middle East, journals for bank charges, bank guarantees, LCs, inter-company interest and allocation of charges to various Geo markets.
Process Customer payments, maintain customer files and update outstanding to remind for pending invoices, obtain remittance details, keep track of customer retentions.
Maintain entire Bank related records which include credit facility, handle all cheques and cash for collections, deposit cash and cheques, discounted cheque, handle Guarantees and LCs.
Post wire transfer and check payments in Financial System to clear invoices from Sub Ledger. Investigate all Vendor payment returns, identify reasons and provide details for upload in SAP Vendor Bank Master File.
Manage implementation of operational policies and procedures for Finance/Accounts Department while managing credit facilities.
Coordinate with Internal and External auditors, provide balance sheet schedules and resolve the queries of auditors in a timely manner.
Process monthly journals associated with amortization of Fixed Assets, Prepayments, Monthly accrual entries and maintaining appropriate balance sheet schedules.
Engage in complete life cycle of treasury management from setting up new bank accounts, bank account closure process with approvals, make additions and deletions to authorized signatories, setting limits, etc.
Liaise with various departments to ensure that all the financial/accounts related information is provided on timely basis.
Reconcile inter-company AR & AP balances and assist FP&A Team in fixing outages in HFM.
Experience of independently managing all finance & accounts activities assuring achievement of all predefined business & financial objectives.
Skilled in a range of Finance and Accounting activities ranging from Treasury, Banking, Accounts Payables, Accounts Receivables, GL Accounting, Balance sheet reconciliations, Fixed Assets and Audits.
KEY ROLES:
Manage Vendor invoice verification and approval for accounting while handling vendor account reconciliation and resolving the differences ensuring timely preparation of documentation.
Maintain fixed assets register, original asset purchase documents, Authorization for Expenditures and journals relating to fixed assets.
Negotiate with vendors, ensuring apt accounting of purchases, bill passing, reconciliation of supplier’s dues, over dues, balance confirmations of Vendors while monitoring AP management.
Process staff payroll (approx.300 employees), maintain payroll schedules, monthly payroll variance analysis report signed off by CFO, prepare bank letter for wire transfers to employee bank accounts, issue checks and disburse cash salaries, respond to payroll, expense, OT and related queries.
Assist External Auditors with financial information and accounting data, provide balance sheet schedules relating to various subsidiary ledgers.
Participate in inventory count during Year End Audits and assist External Auditors during their stock count.