Senior Accountant
Dorsch Gruppe
Total years of experience :22 years, 2 Months
Handling various finance & accounts function in coordination with a team of seven members.
• Carrying out-processing, evaluation, tracking and general ledger posting of multiple projects profitability reports.
• Conducting research on factors influencing business performance and reported the same to senior management.
• Analyzing and evaluating the cost reduction opportunities.
• Supervising Company’s financial accounting, monitoring and reporting systems effectively.
• Accountable for preparation of financial accounts at the yearend for external auditing that involved draft accounts as well.
• Interfacing with auditors for ascertainment of annual supervision execution.
• Maintaining cordial relationships with Auditors, Solicitors, and Bankers.
• Developing concise and precise Financial Reports at specific deadlines.
• Ascertaining the accuracy of bank reconciliations and performing direct insurance negotiations, selection of brokers and carriers & placing insurance.
• Responsible for development of Standard Accounting Procedures that enhanced the efficiency of financial operations.
• Coordinating with banks for initiation of company facilities such as LC, LG, etc.
• Administering the redemption in renting of manpower &equipment cost budget preparation and executing the same through Focus -SAP software and Variance Analysis.
• Reconcile the difference between the invoices and the collection.
• Issue statements to the clients upon request.
• Carried out AP & AR ageing report evaluation and forwarded the same to management
• Handled the month-end closing process and MIS review
• Follow up of payments with our clients.
• Monitoring and updating the financial status of the project.
• Clarification to the Client’s for Financial Issues.
• Updating Cash Flow in and out.
• Ensure that all financial transactions, systems and procedures comply with regulations, accounting principles, and standards.
• Issue estimation for our future payments to the Suppliers according to our forecasting of the scoop of the work.
Highlights:
• Accredited for developing and implementing financial administrative procedures such as payroll, bookkeeping, insurance, budget & cost control and personnel policies
• Effectively involved in 80 M AED facilities arrangement from three major banks in UAE, NBAD, NIB & CBI for project and general based facilities that involved funded & non-funded.
• Delivered dynamic breakthrough by significantly executing the go live of ERP Software - SAP that consisted of Finance, Procurement, AR, and AP.
• Significantly carried out company’s statutory audit from inception to current staged
• Holds the merit:
o Implementing Accounting Software for Finance, through Focus SAP Accounting Package
o Developing financial management mechanisms that minimize financial risk
Carried out review of GL, TB & financials and External Auditing on a monthly basis.
• Evaluated the daily cash balance and fund management.
• Accountable for cash flow forecast, budget process.
• Evaluated the documented financial company information
• Ascertained the causes of losses &liabilities and conceptualized measures to prevent recurrence.
• Accountable for preparation and evaluation of accounting records, financial statements and other financial reports to assess the accuracy & completeness as per the reporting and procedural standards
• Carried out accounting work including audit, analysis and verifications of fiscal records & reports
• Developed financial and statistical reports.
• Estimated and prepared reimbursement billings &receivables.
• Acquired appropriate third-party financing assistance from bank
• Accountable for development and implementation of the following financial administrative procedures:
o Payroll, bookkeeping, insurance, budget and cost control
o Personnel policies, accounting functions and procurement procedures
o Contracts, inventory management and control procedures
o Financial reporting and strategic planning
• Prepared budgeting methodologies and supported other Divisional Managers in preparation of budget projections and quarterly reports
• Administered the cost of sales, revenues and year-to-date operational & remaining accounts receivables versus budgeted costs of Division Managers and forwarded the reports to the CFO on a monthly basis.
• Ensure proper accounting treatment of all the items of expenditure etc. as per Accounting Standards.
Highlights:
• Entrusted with the responsibility of assisting the senior management in auditing books of accounts and preparing financial statements.
• Ensure proper accounting treatment of all the items of expenditure etc. as per Accounting Standards.
• Budgeting Control and Analysis.
• General Ledger controlling and scrutiny
• Monthly period closure activity-AP/AR/GL Closure
• Recommend to management any updates to accounting policies related to fixed assets.
• Assign tag numbers to fixed assets.
• Record fixed asset acquisitions and dispositions in the accounting system.
• Calculate depreciation for all fixed assets.
• Review and update the detailed schedule of fixed assets and accumulated depreciation.
• Represent the company during any audits by governments that involve fixed assets.
• Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
• Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
• Prepare property tax returns.
