Sr. Associate Finance
Alyasra Foods - Saudi Arabia
Total des années d'expérience :18 years, 9 Mois
• Reconciliation of receivables, payables, GL, inter-company, banks, and petty cash.
• Set sales and Collection targets monthly.
• Communication with the bank for account related issue, balance confirmation and following up for any queries / issues
• Apply or offset invoices against payments by customers.
• Preparing monthly inventory reports, track out variances and waste adjustments.
• Verification of daily cash/bank receipt and allocation of amount to respective customer account to make sure collection report & customer ageing is updated on timely basis
• Verifying, posting and reconciliation of card transactions (POS machines) on daily basis to make sure that all transactions are reflecting in bank statement
• Processing and re-imbursement of petty cash expenses for warehouses, sales offices, technicians, and sales team claims
• Reconciliation of all petty cash GLs and successfully implemented policy of floating petty cash to make sure that imprest funds are under control and reconciled with GLs
• Preparation of staff monthly overtime as per local regulation and 6th day (Saturday) allowance as per group policy and making sure of planned deduction for staff loan and other charges
• Reviewing daily cash and credit orders of clients with respect to their credit limit, credit period and commitment to pay and releasing orders for invoicing.
• Reviewing customers’ credit applications and checking with maximum possible sources to see customer history and trends of business with other business partners
• Verification of sales promotion from Principal supplier and allocation of subsequent credit notes to customers and debit notes to supplier account
• Handling all local and foreign payments of AL Yasra Food including Sadad and employees’ personal claims
• Preparation of necessary schedules for external audit purpose and coordinating with auditor to make sure smooth audit process
• Preparation of daily sales and margin report for Alyasra Food & Fashion and comparing with last year numbers to see if there is significant variance
• Preparation of weekly cashflow, forecast to make sure that business can meet commitments to pay local and foreign payments without any delay
• Assist to prepare financial statements monthly and yearly.
• Credit application verification with due diligence, proposing to the management the credit limit and payment terms based on credit verification
• Calculate and post receipts to appropriate ledger account after verifying the details such as fund received, invoice details and total account balance
• Monitor customer account details for non-payments, delayed payments and other irregularities
• Prepare customer statement of account and reconcile ledger balance with invoices, receipts and any post-dated (PDC)cheques
• Perform customer clearing invoices to reduce open items and due invoices in the customer ledger
• Sending unallocated receipt reports to sales team by reporting the suspense credit details
• Collaborate with BDM to ensure all new customer accounts are set up correctly and comply with the company policy
• Resolve payment discrepancies by performing investigations and account reconciliation
• Escalation of bad debts, unidentified charges and collection issues to concerned person
• Ensure Accounts Receivable transactions are correctly transacted and recorded as per the standards, guidelines and procedures
• Preparation of monthly report based on slow-moving and fast-moving SKUs and linking with customers
• Processing petty cash expenses for all locations
• Preparing LPOs as per policy and allocating expenses to different cost centers, making sure smooth management reporting for cost analysis
• Periodical visit to Warehouse, Service Centre and showrooms and physical verification of petty cash and inventory
• Verification of employee claims & petty cash re-imbursements
• Daily visit to bank for cash deposit
• Processing daily cash/bank receipts, cheques including post-dated cheques
• Ensure Accounts Receivable transactions are correctly transacted and recorded as per the standards, guidelines and procedure
• Ensure that reconciliation is completed without delay to ensure that amount received from the customers is processed and balances reconciled & analysed in timely manner
• Monthly reconciliation of bank statement to cash book
• Assisting chief accountant in monthly closing of accounts and MIS reports
• Assisting in internal & external audit
• Short- & long-Term borrowings costing, scheduling, and management reporting etc.
• Performed bank & account reconciliations and general ledger entries
• Identify daily activity in bank accounts
• Post journal entries in oracle the company general ledger accounting software package
• Assist with the preparation of other reports provided to management
• Assist with yearend audits. Coordinate with external audit.
• Assist with preparation of month-end financial statements, cash flow statements, budgets etc.
• Deduction and depositing of tax from parties (Suppliers, Services, and Rent)
• Sales and import accounting in books of accounts
• Controlling bank and petty cash reconciliation
• Controlling bookkeeping & Accounting
• Financial cost schedules & management reporting
• Daily bank position maintaining and Funds management
• Responsible for managing, controlling, checking & posting the data in books of accounts and complete L/C cost schedule.
• Costing of mark up on short- & long-Term loans and overdue L/C
• Reconciliation of Cash at Bank Balances (Bank reconciliation)
• Reconciliation of intercompany and debtors etc.
• Daily transactions recording in Books of Accounts etc.
Debit & Credit advice booking in G.L etc.