Senior Accountant
Associated Global Enterprises FZE LLC
Total years of experience :18 years, 4 Months
• Supervise the team in accounting and administration to achieve company financial goals.
• Responsible to handle the full set of accounts for the group.
• Reporting at monthly meetings to chairman (including KPI’s and variance analysis).
• To assist in all budgeting matters.
• Oversee preparation of financial records related to general ledger, payroll, budget, expense, etc. Processing entries as needed.
• Perform account reconciliations and generate monthly financial reports.
• Monitor and manage expenses within allotted budgets.
• Supervises all the cash expenses approval, verification and monitoring.
• Cash flow management and efficient allocation of resources.
• Prepare cashflow forecasts and manage cash, debtors, and payments on a daily basis.
• Doing schedule for cheques issued and online utilities, services and others periodic payments.
• Check / Verify all contracts payment terms and conditions.
• Cost analysis and recommending cost-saving measures.
• Evaluate existing accounting system and recommend improvements if required.
• Proactive leader with the ability to transform accounting process.
• Process VAT report of the companies under the group on quarterly basis before the deadline date to avoid any penalty.
Ensures the integrity of accounting information by recording, verifying, and
entering transactions
• Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information.
• Account receivables, Invoicing, Credit control, Payment terms, update the collection plan, following up related to the aged AR reports.
• Reconciliation, transfer and corrections between factories and workshops centers.
• Account payable, cheques requests.
• Prepare and calculate the overseas gold and diamond payments and transfers.
• Following up the company gold balance.
• Inventory for Manufactured Gold and diamond in stores, POS.
• Handling cash, banking deposit.
• Closing reports, Balance sheet, income statements.
• Time sheet and payroll.
• Cost controlling for gold and diamond final product assembly, and indirect expenses
Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information.
Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies.
Maintains general ledger by transferring subsidiary accounts; preparing a trial balance; reconciling entries.
Produces payroll by initiating computer processing; printing checks, verifying finished product. Completes external audit by analyzing and scheduling general ledger accounts; providing information for auditors.
Settling the company records of accounting by determining the exact amounts payable as well as those pending for cash receiving.
Posting and processing daily journal entries to ensure all financial business transactions are recorded.
Preparing payments, disbursements, and performing reconciliations
Monitoring customer’s collection and invoices aging, and reporting of deviations from the credit policies.
Assisting Finance Manager in Reconciling financial discrepancies by collecting and analyzing account information.
Assisting Finance Manager in preparing monthly and yearly closings
Filing, maintaining, and distributing accounting documents accurately and in accordance with company’s policies and accepted accounting practices.
Performing other accounting duties as requested
Manage and oversee the daily operations of the accounting department including:
• month and year end process
• accounts payable/receivable
• cash receipts
• general ledger
• payroll and utilities
• treasury, budgeting
• cash forecasting
• revenue and expenditure variance analysis
• capital assets reconciliations
Monitor and analyze accounting data and produce financial reports or statements
Establish and enforce proper accounting methods, policies and principles
Coordinate and complete annual audits
Provide recommendations
Improve systems and procedures and initiate corrective actions
Meet financial accounting objectives
Establish and maintain fiscal files and records to document transactions
Substantiates financial transactions by auditing documents
Maintains accounting controls by preparing and recommending policies and procedures.
Reconciles financial discrepancies by collecting and analyzing account information.
Prepares payments by verifying documentation, and requesting disbursements.
Prepares special financial reports by collecting, analyzing, and summarizing account information and trends.
Produces payroll by initiating computer processing; printing checks, verifying finished product. Completes external audit by analyzing and scheduling general ledger accounts; providing information for auditors.
Protects organization's value by keeping information confidential.
Analyze revenues, commissions and expenses to ensure they recorded appropriately on a monthly basis.
Monitoring of internal controls and documentation
Prepare post adjustment and close entries.
Print &check financial statement.
Verify expense reimbursement with supporting document, and ensure that they are in accordance with the policies and procedures.
Monitor foreign currency fluctuations
Verify the General cashier's Report and Income JV.
Review supplier invoices, and General Ledger coding of expenses.
Follow up for the renewals of contracts expiring.
Adjust entries to be prepared on the basis of General Ledger reconciliation.
Prepare, post and update standard journal voucher and adjustment journal voucher entries at the month end, such as - prepaid expense, operating provisions, payroll, payroll accruals, general stores issues, engineering store issues, reconciliation of food &beverage cost, accruals, provisions, allocation of expense .
Check General Cashier's cash count summary.
Ensure that all accounting reports and job deadlines for other staff are met.
Account payable Aging report to be reviewed.
Verify and approve master file information (creditors, debtors, payroll, assets) on the Accounting system