Cost accountant and inventory control
ALFA International Company
Total years of experience :12 years, 1 Months
Coordinate physical inventory counts and cycle counts
Investigate cycle counting variances and resolve issues
Update daily Sales posting costs in SAP.
Review standard and actual costs for inaccuracies
Validate the cost of goods sold as part of the month-end close
Revise the reserve for obsolete inventory as needed
Accumulate and apply overhead costs as required by generally accepted accounting
principles
Work with the materials review board to locate and dispose of obsolete inventory
Conduct ongoing process constraint analyses
Report on margins by product and division
Report on periodic variances and their causes, focusing in particular on spending variances
Perform cost accumulation tasks as a member of the target costing group
Incharge of the year mid- end inventory count procedures
Review exchange, refund item and the staff it is following the company policy
• Oversee daily transactions, including accounts payable/receivable, general ledger and bank reconciliations.
• Participate in regular tax audits and payroll.
• Prepare budgeting reports and forecast revenues.
• Manage month-end and year-end closing.
• Monitor the daily performance of the accounting department.
• Organize financial data into useable information and maintain updated records.
• Track the progress of financial and accounting objectives.
• Establish accounting policies and procedures, aligned with company’s targets.
• Ensure compliance with the law.
• Maintain accurate records and control reports.
• Manage collection activities such as negotiating with past-due accounts, referring account to collection agencies, and sending follow-ups.
• Communicate and explain work procedures to subordinates.
• Ensure that operational criterion is reflected in the accounts receivable functions.
• Update receivables by monitoring and coordinating all processing performed on orders that are delivered daily including transactions such as bank remittances.
• Monitor expenditures and implement corrective steps by identifying significant variances.
• Assist in the financial planning with the help of cash forecasting.
• Contribute the essential information to adhere to the strategic goals of the company.
• Direct and lead the work of others in the department.
Study, review, customization & implementation of Computerized Financial Management Systems TAPRO in Accordance with the requirements of the clients.
• Preparing Profit and loss account as a separate division.
• Reconciliation of vendor accounts, bank accounts and branches accounts.
• Review receivables aging and confirm timely collection.
• Foreign payments to overseas vendor.
• Maintaining expenses, cash flow and funds flow.
• Preparation of Airlines reports on fortnightly and monthly basis.
• Making payments to airlines, shipping line, local vendor or foreign .
• Leadership and People Management.
• Ensuring the all payments are authorized within the approved budgetary limits.
• Updating Airline fare accordingly.
• Coordinate with the Procurement department with respect to goods and services receiving and payments.
• Supervising accounting, consolidation and closing activities related to accounts payable and inventory accounts to ensure accuracy of accounts.
• Responsible for the monthly closing of the books with its related tasks.
• Preparation of statutory financial statements with auditors.
• Performing financial reporting for accounts payable and inventory accounts to communicate financial positions and results.
• In charge of reviewing supplier invoices and processing of payment requests, monitoring payment processing system to ensure conformity to agreed terms of purchase and delivered quantities.
• Coordinate with the IT department in regard the SAP finance services.
- الإشراف على مسك السجلات المحاسبية والقيود المالية و صحتها والتاكد من حسن تنفيذ المهام الموكولة للمحاسبين
- مراقبة التدفقات النقدية والمتوقعة و توقع الحاجة للتسهيلات لتغطية العجز أو حجم الفائض
- اعداد التقارير الشهرية والدورية وعلى حسب الطلب
- المساهمة في تطوير الدورة المحاسبية ووضع الإجراءات لها
- اقتراح الإجراءات التحسينية والعلاجية والوقائية التحسين أداء العمل
- مراجعة جميع مستندات الصرف واعتمادها
- إعداد البيانات المالية الشهرية للشركة مع كافة الإيضاحات والتحليلات المطلوبة من قبل الإدارة.
- مراقبة جميع الحركات المحاسبية وحركات البنوك والأرصدة
- متابعة الديون والتحصيلات وعقود الموردين والعملاء
- تنسيق وتسهيل عمل المدقق الخارجي وتزويدهم المعلومات والتفاصيل اللازمة عن الحسابات والأنظمة المستخدمة
- مراجعة واعتماد كشف رواتب ومزايا الموظفين الشهري
- مراجعة التقارير المستخرجة من النظام والتأكد من صحتها ودقتها