tareq khalil

Chief Accountant at White Stores Co

• Kuwait
• July 1991 to October 2012

White Stores Co. 07/1991 - 10/2012
Chief Accountant
- Responsible for general ledger, accounts payable, cash management and financial statement preparation
- Reconcile property bank accounts
- Monthly journal entries and accruals
- Prepare and analyze property level balance sheet, income statement and cash flow statements
- Monthly general ledger entries and bank reconciliation of multiple accounts for multiple departments
- Responsible for balance sheet analysis and variance analysis
- Prepare financial statements and supporting schedules, while facilitating and completing monthly closing procedures
- Responsible for correcting discrepancies and explaining monthly differences in account analysis and reconciliation
- Monthly general ledger entries, cost accounting, inventory accounting, payroll calculations and bank reconciliation of multiple accounts
- Work with sales team closely to optain a sales strategy to reach the assigned target
- Worked with the Purchase department locally or foreign suppliers
- Assist in select, strategic financial projects involving finance and accounting processes and procedures
- Assistance in accounts payable for invoice discrepancies and vendor invoice settlements
- Monthly preparation of financial statements and balance sheet analysis
- Participate in and help manage the annual budgeting process which includes the preparation of details income and expense budgets to the unit level, corporate balance sheet and cash flow statements
- Work in special projects related to the Finance area or that require the department's involvement
- Preparation and analyzing financial statements on a monthly basis and report on variances and cash management issues, drawing alternative courses of action from those conclusions
- Prepared the financial statements and supporting schedules, while facilitating and completing monthly closing procedures
- Responsible for correcting discrepancies and explaining monthly differences in account analysis and reconciliation
- Analysis and support regarding facility issues including expenses, prepaid accounts and accruals
- Responsible for consolidations and intercompany accounting transactions
- Planned, directed and managed designated projects
- Ensured that objectives were accomplished in accordance with outlined priorities
- Delegated responsibilities and designed time schedules
- Prepared weekly projected status reports for management
- Prepare monthly analysis of all significant variance to trend for all revenue and expense accounts. Review financial statement trends, research unusual items, make journal entries
- Prepare monthly cash forecast and maintain and reconcile balance sheet accounts
- Assist with forecast of revenue, expense, and balance sheet items
- Checked Inventory in company and determined quantity to be purchased
- Verified bills from suppliers and created purchasing orders
- Entered Packing slips, invoices and other material control information into computer
- Compared and identified contents to packing slips
- Created and implemented an inventory system
- Ability to work well within teams and foster teamwork
- Monitoring and insuring the accuracy of deliveries to be received on time
- Created a safe environment by conducting daily audits, weekly audits and monthly audits of inventory to reach minimum variance in the stock during anytime of the year
- Follow up of orders from placing the order till receive into company warehouse (Supplier-clearance-customs-warehouse) to insure that there is no delay in receiving the goods without any demurrages.
- Searching for competitive Vendors for best prices and quality goods
- Making recommendations and advising senior management on all purchasing issues
- Maintain records of supplier contracts, agreements, goods ordered received
- Maintain vendor relationships and building effective supply chains partnerships
- Ensuring the smooth supply of material, consumables and equipments to the company
- Responsible for organizing and maintaining a central facility for the purchase of all goods, services on a best prices / best quality basis
- Supervising the storekeeper for all the in transit and out transit from/to the warehouse to insure the accuracy of the goods in reality VS computer
- Supervising & monitoring the minimum stock level of the products in the warehouse to obtain continuity of the stock and preparing orders on advance
- Monitoring the expiry date of the products in the warehouse to obtain good & safe goods in the warehouse and avoid the loss