Senior Accountant
Marsh Saudi Arabia Insurance & Reinsurance Brokers
Total years of experience :11 years, 1 Months
As a Senior Accountant, Reporting to Manager Finance, my responsibilities include:
o Participate in accurate and timely monthly closes, closing procedures include revenue analysis, reconciliation of general ledger accounts, bank statement reconciliations, prepare, review and reconcile the balance sheet
o Preparation and finalization of monthly and yearly financial statement in line with company standards
o Manage cash flow statement, funds flow, credit lines, payables and receivables
o Perform internal controls for accounts payable and ensure they are operational and effective
o Enter general ledger data, ensuring correct coding for payments are accurate in the system
o Prepare journal entries, working papers and departmental analysis for quarterly and year-end audits
o Thoroughly reviewed financial statements and tax audits to correct any discrepancies
o Support program managers with accounting functions, including expenses, invoices and billing issues, provide additional assistance in contacting vendors in response to billing issues
o Built and format reports in excel from imported revenue income reports and other financial data; proofread for accuracy and integrity of data
o Prepare and review expenses, payroll entries, invoices and other accounting documents
o Prepare Reconciliations for major insurance companies
o Follow up with relevant Client Manager to ensure unbilled transactions are billed
o Follow up & meet Insurance Companies to ensure the unreconciled transactions are cleared
o Billing/approving invoices in the system based on revenue recognition criteria
o To ensure the unrecorded transaction are billed & invoices are dispatch to client for collection of premiums
o While reconciling the major account, identify the incorrect allocations of receipts and payments as well as ensure corrective actions are taken
o Liaising with Insurance company on regular basis to get their statement of account & ensure billing are done promptly by our client manager-To avoid delay in billing/collection
o Day to day supplier’s / operational payments
o Handling & preparation of staff payrolls
o Preparation & record keeping of monthly VAT input, VAT output and VAT return filing according to Saudi Law
o Preparation of commission earned during the month
o Treasury reporting to Global Team
o Preparation of ad-hoc reports as and when requested by manager
my responsibilities include:
•Managing and supervising project budgeting, project costing, recording of revenue according to stage of completion, retention money, mobilization advances from customers, bill of quantities recording, daily and monthly reporting of project profit or loss to the C.E.O.
•Preparation of financial statements of the Company as per international financial reporting standards (IFRSs) and IFRICs.
•Responsible for completion of annual external audit and Coordinating with auditors’ for the finalization of financial statements of the Company as per IFRSs and IFRCSs.
•Preparation of fixed asset register including unique identification code, date of purchase, description, useful life, residual value, depreciation method, location of asset.
•Dealing with bankers for heavy financing arrangements for different projects and leasing of assets.
•Review the budget with actual revenues, expenses, payrolls, invoices & other accounting documents.
•Perform to processing of daily expenses and allocate into projects & costing analysis relevant to sales.
•Conducting reviews and evaluations for cost-reduction opportunities
•Handling and ensure LPO, invoicing and payments from clients are as per set agreements with clients and suppliers
•Review & closing of all kind of projects & analyzing change and advising accordingly.
•Preparation and monitor weekly accounts receivable status, sending reminder to customers and making sure timely receipts of money.
•Follow-ups with vendors if there’s a risk of cheque being dishonored
•Handling accounts payables making sure all formalities are complete & planning for payments.
•Preparation and monitoring cash flow and bank position for day to day requirements including weekly reconciliation of bank statements.
•Formulating strategies to ensure sufficient funds are available in bank to meet current and future commitments
•Preparation & maintain timely invoices to the clients (rental equipment’s & other projects).
•Follow up for time sheets of rental equipment’s.
•Preparation & maintain employee’s payrolls.
•Oversee the timely, complete and accurate closing of month end process for all companies.
Preparing and maintaining all Credit proposals, & reports.
•To prepare & maintain overdue report & provisioning data.
•Preparing facility Offer letter, security/support documentation in accordance with the approvals.
•Preparing various reports of Accounts Department (such as) unused & unutilized facilities reports, facility wise Breakup of financing, monthly accruals of all revenues & expenses.
•Ensure safekeeping of all the documents related to the approved loan i.e. loan application, collaterals/ securities documents submitted by the borrower in the vault after recording of the particulars in the respective vault register.
•To maintain Hypothecation inspection reports of various clients.
•Meeting the reports deadline as given by State Bank of Pakistan.
•Managing the credit related correspondence with Clients and Head Office.
•Preparing & maintain Annual Budget of the preceding year of the branch.
Preparation & book keeping of all kinds of Vouchers.
•Preparation & maintain of Journal Ledgers & Trial Balance.
•Maintain Income Statement, Balance Sheet.
•To Observe the Audit objections & resolve them with Internal Auditor
•Preparation & handling of staff payrolls (Permanent/Contractual)
•Preparation & handling of fixed assets register/schedule & depreciation on monthly basis.
•Any other assignment
Master of Commerce in the specialization of Finance
B. Com with 1st Division
D. Com with 1st Division