Management Accountant
Al Baida Group
مجموع سنوات الخبرة :4 years, 6 أشهر
• Finance lead for 5 projects within the group (~QAR 8.4M revenue). Accountable for accounting, budgeting and forecasting, preparing financial reports and statements, bank reconciliations and conducting cyclical audits and ensuring that all financial transactions are properly recorded, filed.
• Developed new and complex spreadsheets to help record and produce month-end accounts such as operating budget and the monthly management reports much quicker, reducing the production time from 2 weeks to 1 week.
• Cooperated with banks to secure electronic payment services and payment services via bank cards, reducing the fees that the company incurs in this field by over 7%.
• Met with budget holders regularly to discuss financial position and recorded the approved changes in Oracle.
• Finalized month-end close as per distributed timetable, including general journals, prepayment amortization, accruals & provisions, as required, decreasing business overheads by 10% overall.
• Conducted a financial review to identify 5 key areas of overspending and reduce outgoings by QAR 10k per month.
• Oversaw accounting procedures and supervised junior financial department staff.
• Prepared financial reports and budgets, as well as controlling and forecasting income and expenditure.
• Processed payments to principle vendors, government authorities, local suppliers and customers refunds. Substantiated sales and performance incentives.
• Gathered financial information to evaluate the efficiency of financial procedures. Assisted in developing and implementing cost-effective financial policies and procedures. Performed operative analytics and evaluated the company’s performance using key data.
• Restructured and helped coordinate communication flow among 3 departments, and cut down paperwork by 50%.
Started as an associate and advanced to Senior financial officer with 2 promotions over 2 years.
Completed period-end closing procedures, helped review written documents and reports as specified. Prepared, reviewed, reconciled, and issued bills, invoices, and account statements according to company procedures.
Coordinated tasks and worked with other departments; served as a departmental role model or mentor; assigned and ensured work tasks were completed on time and that they meet appropriate quality standards.
Made sure that all Costing activities (GRN, PO, etc.) are inputted into the ERP and followed up with the various department concerned and all financial data treated with utmost confidentiality.
Prepared, maintained, audited, and distributed statistical, financial, accounting, auditing, or payroll reports and tables. Oversaw the training of 10 junior accounting staff and achieved a 100% pass rate during the induction period, ensuring all were qualified for their roles.
Formulated rolling forecasts and budgets to better align plans with budgets. Increased budgeting efficiency by 20% and cut cost by 18%.
Coordinated the day-to-day processing of financial transactions including accounts payable, accounts receivable, and disbursements to ensure that the company finances are maintained in an effective, and up-to-date manner.
Standardized monthly accruals, pre-payments, and backup calculations to ensure the accuracy and validity of numbers in financial reports. Implemented corrective measures, decreasing minor accounting discrepancies by 30%.
Assisted with planning activities to develop the project scope and appropriate procedures, such as conducting opening conferences with management, obtaining and analyzing information to ascertain risks, and identifying and documenting processes and controls.
Charged to follow-up and resolve past due accounts and vendor invoices until payment in full is received or resolved. Supervised the completion, submission, and following of confirmation letters to evaluate the existence and accuracy of transactions between our employees and 3rd parties, keeping internal audit management informed of any changes.
Researched and assessed financial statements and audit-related issues utilizing computers and other electronic databases, and employed audit software to review and compile financial information.
Developed and maintained positive working relationships with others; supported team to reach common goals; listened and responded appropriately to the concerns of other employees.
Developed and fast-tracked risk-based audit strategy in accordance with the codes and standards for the Professional Practice of Internal Auditing, guidelines, and best practices.
Reconciled a complex expense to liability schedule within 1 day, which had been stuck in limbo for 3 months.
Expanded the accounting department’s efficiency by 25% through a rigorous review of annual depreciation, accounts payable, and receivable accrual schedules; coordinated physical inventory for capital assets; evaluated cash receipts and payment postings, including grant-related financial information.
Performed auditing activities including audit of payroll, Annual leave, and indemnity balances by providing necessary information and preparing requested documentation in a clean and organized manner.
Examined monthly financial statements, identified the drivers of financial performance, proposed potential solutions and evaluated financial and operational viability and attractiveness of solutions proposed by self and others.
Analyzed client portfolios and was able to identify the lower-performing accounts. Using this data, the firm was able to improve these accounts increasing average client revenue by 22% to achieve its business goals.