Senior Accountant
Weatherford - Kuwait
Total years of experience :13 years, 7 Months
- Verifying, processing and posting daily journal entries and accounting transactions.
- Maintaining company bank accounts daily and processing monthly bank reconciliations
- Reviewing and reconciling subsidiary ledgers and performing intercompany transactions.
- Conduct monthly accounting reconciliations for control accounts to ensure accurate reporting.
- Verifying and approving accounts payable payments on SAP ensuring completeness of accounting cycle documentations and compatibility with divisions budgets.
- Maintaining, verifying and reconcile accounts receivables (Portfolio over 100 M USD).
- Preparing monthly divisions sales reports and project P/L with comparison Vs estimated budgets.
- Interface and coordination with MIS departments and other internal departments including internal audit, procurements, logistics and operations.
- Participating in monthly financial closing process, including ensuring all finance and sales costs incurred are properly recorded and allocated to the appropriate business units.
- Participation in establishing, monitoring and assessing financial statements, reports analysis, reconciling expenditures and revenue accounts.
- Reviewing and processing payroll entries, leave allowances, commissions and indemnities.
- Upgrading my professional and technical knowledge by attending educational workshops, reviewing professional publications and participation in professional societies.
- Maintaining fixed assets, inventory control and their related depreciations.
- Direct maintenance of general and subsidiary ledgers, provide timely details on income revenue, capital & operating costs, assets, and liabilities of each business line.
- Managing a team of accounting assistants and bookkeepers.
- Coordinate and engagement with internal and external auditors and providing all required information to the concerned parties in order to facilitate the preparation of internal and external audit reports respectively.
- Perform other related duties and requirements as assigned by executive management.
- Verifying, processing and posting daily journal entries and accounting transactions.
- Prepare timely and accurate gas plant allocations and production settlement statements or invoices in compliance with service agreements.
- Follow up and maintain accounts receivables and related depreciations with our main customers Kuwait Oil Company and Joint Operations.
- Maintaining company bank accounts daily and processing monthly bank reconciliations.
- Revenue recognition and calculating third parties’ commissions & accruals.
- Handle prepaid expenses, accruals, deferred charges and fixed assets depreciations schedules and ensure the proper booking on a monthly basis
- Participation in establishing, monitoring and assessing financial statements, reports analysis, reconciling expenditures and revenue accounts.
- Participating in monthly financial closing process, including ensuring all finance and sales costs incurred are properly recorded and allocated to the appropriate business units.
- Reviewing and processing payroll entries, leave allowances and indemnities.
- Perform other related duties and requirements as assigned by executive management.
- Recording and posting daily entries to general journal and general ledger.
- Preparing project journal entries and reconciling cost reports for one or more projects.
- Reviewing expenses and purchases invoices and preparing vendors payments.
- Review and apply contract terms for proper revenue recognition and customer settlement.
- Responsible for monthly billing and subcontract invoice processing and follow up payments.
- Interface with Project Managers on all aspects of invoicing and construction accounting.
- Ensure consistent billing and financial reporting at project levels by following best practices and in compliance with contract terms.
- Ensure up to date proper revenue recognition for the company divisions.
- Daily banking transactions review and processing monthly bank reconciliations.
- Participating in preparing Annual Budget, Balance Sheet and Estimated Budget.
- Recording and posting daily entries to general journal and general ledger.
- Support the month-end, quarter-end, and year-end closing process by preparing general ledger accounts reconciliations.
- Prepare vendor payments and verifying completeness of accounting cycle documentation.
- Inventory control and stock reconciliations.
- Payroll, leave allowances and indemnities processing and recording related entries.
- Preparing monthly financial and sales reports to the administration.
- Fixed assets depreciations and maintaining related accounting records.
- Daily banking transactions review and processing monthly bank reconciliation.
- Participating in preparing Annual Budget, Balance Sheet and Estimated Budget.
- Perform other related duties and requirements as assigned by management.
- Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
- Review taxpayer accounts, and conduct audits on-site, by correspondence, evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities and valuation of stocks and bonds.
- Reviewing revenues, expenses, invoices, payments and other accounting documents.
- Examining accounting documents and operations on a test basis and evidence supporting the amounts and disclosures in the financial statements.
- Assessing the accounting principles used and the significant estimates made by management.
- Checking that financial reports and records are accurate and reliable.
- Evaluating the overall financial statements evaluations.
- Checking invoices with entries made for the companies.
- Preparing statements of tax summary.
- Participating in reviewing and preparing financial statements.
Professional Certificate in Accounting and Finance Contains: 1 - Cost Accounting 2 - Preparation of financial statements 3 - International Accounting Standards 4 - Auditing and financial analysis 5 - Banking Operations
Accounting and Finance Studies
