Group Revenue, Treasury and Tax
Gulf Marine Services PLC
Total years of experience :9 years, 1 Months
. Collect MIS reports from all the regions, prepare invoices for the hired days taken from MIS reports and at rates as per the contract. Submit online invoices over client’s portals where online submission was required by the clients and sent out manual invoices where online submission is not required.
. Translate Saudi Invoices into Arabic as per the requirement of the clients and dispatch to client.
. Preparation of detailed reconciliation of revenue between the ERP and MIS system (log sheets) and ensuring completeness and accuracy of revenue reporting.
. Perform Variance analysis between forecasted and billed and unbilled revenue, Identify the reason of variation if any.
. Ensured the revenue is recognized as per IFRS, accruals are booked for unbilled revenue. Confirm the invoices are sent out to clients on timely basis.
. Follow up for the payments and ensure the payments are received as per the contractual terms.
. Reconciled customer accounts, resolve discrepancies if any and acted as a focal point for clients.
. Issue credit notes to the clients as requested by the regional managers.
. Record back charges charged by the clients into the relevant job.
. Analyze the supply chain to assess tax implications and communicate with procurement and commercial departments.
. Establish and implement VAT risk assessment system to ensure compliance with law.
. Review VAT reconciliations, prepare and submit VAT returns, for UAE, KSA and UK and ensure the tax liabilities are paid within due dates.
. Submit withholding tax returns with Saudi Zakat and Tax authority and ensure payment is made within due date.
. Act as a Key point of contact and support local and regional taxation matters.
. Liaise with tax department, respond to the queries and provide requested information.
. Coordinate with Tax advisors for tax health checks and provide requested details.
. Forecast cash flow positions, related borrowing needs and available funds for investment, ensure that sufficient funds are available to meet ongoing operational and capital requirements.
. Coordinate with different department for operational and capital funding requirements.
. Ensure funding for quarterly bank rental payments are available and provide debit authorization to the banks.
. Monitor bank balances against the facilities to ensure that the company operates within the approved facilities, prepare projected & actual cash flow statements, plan & manage day-to-day cash needs for the company and develop comprehensive treasury management strategies, cash reporting mechanism and controls (including daily and cash-intransit) to ensure adequate liquidity.
. Forecast foreign exchange requirements, as and when necessary, Risk management by suitable strategies including hedging and forward rate booking.
. Monitor syndicate loan, of $450M, compliance requirements to ensure compliance and submit all the reports required.
. Dealing and preparing all of corporate/commercial banking documents, liaising with banks for new and renewal of existing
Trade facilities, 1-HSBC, 2-FAB, 3-Mashreq, 4- ADCB, (for - such as documentary credit-DC, letter of credit \{such as back to
back, transferable & revolving LC\}, tender bond, warrantee bonds, retention & APG/PBG guarantees, over draft facility, term
loan, collection document, and Invoice discounting etc.
Prepare and present the Financial Statements (Profit & Loss Account, Balance
Sheet, Cash flow statement).
Prepare analytical analysis (Ratio Analysis) - Profitability, liquidity, efficiency, debt management ratios and aging analysis.
Prepare periodic financial projections.
Perform project accounting and analyze project cost.
Account Analysis, Accounts Receivable, Accounts Payable, bank Reconciliation & Reconciliation of monthly Balances.
Responsible for forecasting and preparing Budgets.
Detailed (KPI) Key performance Indicators report on financial and non-financial factors for in-depth analysis by senior management.
Manage VAT accounting and file quarterly VAT return.
Keep close coordination with associated companies outside the UAE and analyze accounting activities (including project accounting, payable, receivable and cash management).
Disburse cash to the associated companies within and outside the UAE.
Oversee accounting activities to maintain General Ledger.
Recording necessary journal entries & everyday Transactions.
Perform project accounting and cost analysis.
Updated the fixed asset register for each addition of assets on the basis of
disbursement or Journal voucher.
Communicated with creditors / receivables regarding outstanding accounts and
payment / receipts.
Co-ordinates invoicing and billing schedules and reconciles monthly accounts receivable
Assisted Accounts Manager on external audit and Preparing management reports
As per the requirements of management.
Review given projects actual cost and compare with budgeted cost.
Performing Audits of Clients in vast categories of business i.e. Construction,
Manufacturing, Textile, Outsourcing and others,
Vouching the various sections of financial statements i.e. payables, receivables,
and cost of goods sold
Evaluated internal controls to identify operational weaknesses, design deficiencies and provide recommendations
Reviewed financial records to ensure compliance with implemented accounting
policies and procedures
Passed necessary journal entries & prepared cash trial and bank reconciliation
Statement.
Prepared the details of depreciated assets at the end of the year to ensure
depreciation rate charged as per statute
Evaluated tax compliance system, Analyzed the tax returns to verify whether amounts are accurate.
ACCA Global is the body for professional accountants operating around the globe. The major subjects are: Financial Accounting, Management accounting, Audit, Financial management, Taxation and Business analysis.
Bsc Hons in Applied Accounting