Chief Accountant
International Catering & Trading Co
مجموع سنوات الخبرة :26 years, 9 أشهر
Head of Accounting Department in “ICTC”
•After taking charge I have been given an opportunity to re-structure the whole Finance department along with the other areas of business.
•Initiated, headed & successfully completed an ERP (Focus6RT) project, with establishing the complete business process (from Organization Chart, Budget, Chart of Account, Product line, HR & Payroll setup) from the scratch.
•Also looking after the owners special Investment projects.
•Complex accounting issues including the monitoring of internal controls. Participate in and implement monthly financial close, supervise the assignments of the accountants to include general ledger, accounts payable and fixed assets. Coordinate and facilitate the process of documenting accounting policies & procedures.
•Designed & implemented a comprehensive plan to separate “Premium brands division” (Hummer, Cadillac & SAAB) from “Core brands division” (GM, Chevrolet) & to form completely separate, independent financial records & reports system.
•To supervise smooth & organized transfer of legacy data.
To analyze financial information and prepare financial reports by compiling information and utilizing appropriate accounting control procedures.
•Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.
•Monitor and review accounting and related system reports for accuracy and completeness.
•Work with the Accounting Manager to ensure a clean and timely year end audit.
•Assist in development and implementation of new procedures and features to enhance the workflow of the department.
•Review & approve cash/cheque payment vouchers.
•Cash management between eleven bank accounts & HO
•Dealing with different banks regarding the matters like L/C’s, L/G’s, standing instructions, POS claims, US$ account & different charges.
•Monitoring cash clearance reports from other branches of region in order to ensure foolproof cash clearance system as per audit requirements.
•To review reconciliation for all bank accounts & tracking all reconciliation items.
Other Responsibilities
•To supervise inventory reconciliation system v/s physical Prime products stock report.
•Company vehicles track & insurance.
•Parts Adjustment reconciliation.
•WIP (Work in progress) monitoring of Service jobs & GITP (Goods in Transit Parts).
•Surprise cash count of cashiers & Branch visits (Jubail, Hafuf).
Based on staff rotation policy I have handled all functions within Department during my Eight years tenure.
•As Receivable Accountant: Sales Rental (Machines) Invoice posting, maintain aging list, updating customer accounts, making Pro-notes etc.
•As Payroll Accountant:Runing monthly payroll & matters like incentives, OT, loans & advances, Final settlements, GOSI, Medical insurance & different allowances etc.
•As Payable Accountant: Maintain payables journal, preparing & delivering supplier’s cheques, transfers & advances etc.
•As Bank Accountant: All functions up to reconciliations.
•To manage to update A/c Receivable system on daily basis and produce various reports to the management on daily, weekly & monthly basis.
•To summarize Branch’s expenses for further approval of Regional Controller.
•To approve further supply orders on the basis of follow-up long outstanding receivables from the sales department and customers.
Various Periodic Reports to Regional Office:
•Daily: Sales achievement & collection report, Distribution & Promotion monitoring to Marketing Dept, Physical stock & shipment report to Bottling Dept, Gross sales, damage & expiry etc.
•Weekly: Free case monitoring, Cash deposit & control statement, particular customer & channel wise aging.
•Monthly: Sales revenue report, Bank reconciliation, provision for Bad Debts, MTD Inventory & Shipment details.
•Other responsibilities: To prepare commission for sales staff, stock control & sales forecast for required stock.
•To prepare Monthly Financial reports and reporting to F.M
•To handling with various banks.
•To issuing credit invoices & update receivable register.
•Issuing suppliers cheques and update payable register.
•Prepare payroll and employees benefits.
•Controlling and analyzing company’s expenses.
•To prepare monthly accruals and prepayment JV’s.