Senior Accountant
Play Enterprises for Gen. Trad. & Contracting Co. WLL
Total years of experience :19 years, 1 Months
• Ensure compliance with all policies, procedures, process and standards pertaining to finance and accounts processing.
• Preparing monthly, quarterly financial statements and custom reports.
• Responsible for prepayments, accruals and reconciliation of non-bank accounts.
• Responsible for accounts payable management (vendor bills and payments) & aging analysis.
• Responsible for accounts receivable management (Customer invoices and collections) & aging analysis.
• Monitoring cash flow and petty cash; and ensure that all transactions are recorded clearly allocated or not and monitoring Issue cheques on pending payment on time
• Fixed assets management.
• Inventory management.
• Handling Staff provisions calculations.
• Bank reconciliations.
• Revenue reconciliation with bank deposits.
• Daily general ledger maintenance.
• Guiding to subordinate for Over Head Expenses classification, allocation by department wise.
• Year End Closing - Preparing Trail Balance, Balance sheet, Income Statement, Cash flow Statement & Various Analysis Report asper Auditors requirement (Doing audit by EY).
• Direct supervision with assigning reasonable tasks to the juniors and setting completion dates
• Handle cash flow and petty cash; ensure that all transactions are recorded clearly. Issue cheques on pending payment on time.
• Preparation of periodic financial reports (Balance Sheet, Profit and Loss statement), as per the instructions from the Financial Manager.
• Supervise, examine and analyze accounting records, financial statements or other financial reports to assess accuracy, completeness and conformance to reporting and procedural standards.
• Supervise and reconcile sub ledger reports on a monthly basis in addition to creating the final Trail Balance.
• Supervise, update and maintain the general ledger and chart of account to reflect the transactional activities.
• Supervise and Ensure proper recording and accuracy of all transactions related to payroll (payroll generation, accounts receivable and accounts payable) ensuring compliance with payroll processes; review and validate payroll summary reports through coordination with the relevant HR members
• Supervise and examine the Daily reconciliation of cash and credit sales transactions using SAP, which consists of Credit card, Cheque, Gift vouchers, Interdivisional transfers, Discounts, Promotional discounts etc.
• Overhead Expense allocation by dept. wise and processing reports.
• Explain work instruction and provide assistance and training the subordinates, adapting guide lines to the assignment as necessary and overseeing the completion of work
• Examine the Reconciliation of card transactions with sales and to make sure all transactions appear in bank statement (an average of 4000 transactions per day)
• Daily Dealing with banks for missing card transactions and excess or declined payment from customers and daily report on outstanding uncleared bank transactions.
• Examine the Reconciliation of gift voucher, against specific promotions, to categorize vouchers (more than 1000 transactions per day)
• Maintenance of accounts receivable, Reconcile Accounts Receivable balance with customer statement and aging.
• Tenants accounts maintaining & some Internal control and audit task
• Prepare the Payroll of cashiers and CS staff
• Ensure and support accounting staff in maintaining files and documentation thoroughly and accurately, in accordance with the filing policies and procedures.
• Assist internal and external auditors in ensuring that audits are completed timely by the year-end through collaborating sufficiently and providing the necessary data.
• Guide subordinates in executing their respective responsibilities towards the achievement of the Department’s goals and objectives.
Manage the week end stock taking (Dept. wise).
Responsible for booking the costumer and vendor related Invoices in the SAP system and passing the journal entries thereof.
Managed Accounts Payable Disbursement Processes for Lulu Hyper Market Kuwait around 350 vendors.
Preparation of Cheques for vendors.
Handling the Reconciliation of monthly statements of accounts issued by the vendors
Monitoring the accounts to ensure the payments are up to date
Vendor files maintenance.
Correspondence with vendors and respond to inquiries
Assist in month end closing.
Produce Reports to Finance Manager.
Handling day to day Accounts in Tally which consists of Cash dealings, making vouchers & cheques for parties and maintained ledger for Sales and Purchase and inventory records
Customer & Vendor interaction & making follow up for payments.
Bank reconciliation, Client reconciliation, Ledger account reconciliations and making outstanding details and follow up.
Manage month end stock taking & prepare stock reconciliation statement.
Responsible for fixed assets - Entering new assets and journal for depreciation.
Correspondence with vendors and respond to inquiries
Pay roll processing for permanent staff and casual staff.
Handling Sales Tax work along with Auditor