Senior Accountant
Cobra Industrial Machine
Total years of experience :17 years, 0 Months
Day to day financial operations with regard to financial Accounting include Accounts Receivable, General Ledger, Accounts payable, Project Costing, Inventory, Cash Flow projections, Revenue Accounting, credit and corrections to contribute to overall financial and performance results.
• VAT compliance
• Prepared, examined, analyzed records, financial statements and other reports.
• Preparation and input of month end and closing journal vouchers.
• Preparation of Annual Financial Statements in accordance with IFRSs and ISAs.
• Manage effectively supplier’s payments and sign all journal entries and payment vouchers to ensure proper coding and documentation to the company policies and procedures.
• Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information.
• Summarizes financial status by collecting information; preparing balance sheet, profit and loss, and other statements.
• Produce error-free accounting reports and present their results
• Guides accounting clerical staff by coordinating activities and answering questions.
• Inter Company reconciliation and prepare statement for cost recharge for other business lines and subsidiary companies.
• Produces payroll and WPS by initiating computer processing.
• Completes external audit by analyzing and scheduling general ledger accounts; providing information for auditors.
• Review all petty cash reimbursements for proper documentation and to ensure adherence to petty cash policies and procedures.
• Avoids legal challenges by complying with legal requirements.
• Secures financial information by completing database backups.
• Maintains general ledger by transferring subsidiary accounts; preparing a trial balance; reconciling entries.
• Prepare financial statements and produce budget according to schedule
• Develop and document business processes and accounting policies to maintain and strengthen internal controls.
• Implemented Tally ERP 9 accounting system.
• Perform cost accumulation tasks as a member of the target costing group.
• Preparing analysis for product pricing and costs.
• Preparing Product Profitability and analysis.
• Taking decisions on customers selling prices to control profitability.
• Responsible for the overall costing process, Data collection and analysis
• Report on periodic variances and their causes, focusing in particular on spending variances.
• Standard cost calculation and implementation in system.
• Works closely with plant and operations personnel to explore various aspects of the operation and the impact on financial performance.
• Analyzing actual manufacturing cost against standard cost and reporting variances and preparation of job cost sheets.
• Putting hands on approach to control production variances.
• Vendors & suppliers reconciliations and ensure timely payments.
• Develop & Implemented Activity Based Costing (ABC) technique.
• Responsible for reporting inventory balances at month end and necessary inventory provisions per policy.
• Implemented SAP 6.0 accounting system.
• Financial Statements (P&L and BS) preparations according to IFRS/IAS.
• Cash Flows statement preparations & financial analysis.
• Financial Projections Preparations and presentation.
• Ensure transactions are properly recorded and entered into the computerized accounting system.
• Real estate accounts/ shopping mall accounts/ restaurant accounts & consolidated group accounts preparation and report to CEO.
• Arrangements of Funds from banks and repayments .
• All types of Tax returns submission.
• Banks Reconciliations statements preparation.
• Customer invoicing, aging analysis and collection report.
• Customers sales agreement preparation .
• Drafting of Policies and Procedures (SOPs).
• Employee’s Salaries Processing and files maintenance.
• Ensure timely payments to vendors and suppliers.
• Feasibility reports preparation for new Projects .
• Financial statements analysis and presentation to CEO.
• Internal and external audit matters.
• Ledger reconciliation and balance confirmation with vendors / customers for all zones with necessary adjustments.
• Monitor zonal office expenses and report to CEO.
• Preparation of Dividend register LC register.
• Preparing process costing and financial budgets.
• Process costing analysis and reports.
• Maintain the accounts payable and accounts receivable systems in order to ensure complete and accurate records of all moneys.
• Banks related matters handling.
• Chair the budget committee and prepare the budget for adoption by the association.
• Ensure security for all credit cards and verify charges.
• Prepare agenda and minutes of meeting.
• Knowledgeable & hands on experience on accounting processes such as Accounts Payable, Accounts Receivable, Fixed Assets and Inventories.
• Analyze financial information and summarize financial status.
• Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports.
• Preparing and recording of check and cash payments to suppliers. Monitor and maintains daily record of check issuance and bank monthly dues.
• Coordinates with the sales team
• Responsible for generating and sending statement of accounts to clients and entertaining their queries in relation to their balances.
• Follow up clients for their payment and arrange collection.
• Maintains employee file and other human resource related documents.
• Recommends financial actions by analyzing accounting options.
• Substantiates financial transactions by auditing documents.
• Maintains accounting controls by preparing and recommending policies and procedures.
• Guides accounting clerical staff by coordinating activities and answering questions.
• Reconciles financial discrepancies by collecting and analyzing account information.
• Secures financial information by completing data base backups.
• Maintains financial security by following internal controls.
• Prepares vendor payments by verifying documentation, and requesting disbursements.
• Complies with local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions.
• Accomplishes the result by performing the duty.
• Contributes to team effort by accomplishing related results as needed.
• Tally, Quickbooks and other accounting platform experience & proficiency.
• complete general ledger operations
• monthly closings and preparation of monthly financial statements
• reconcile and maintain balance sheet accounts
• draw up monthly and annual financial reports
• prepare analysis of accounts as requested
• administer accounts receivable and accounts payable
• assist in preparing budgets and forecasts
• monitor and resolve bank issues including fee anomalies and check differences • account/bank reconciliations
•Maintenance of customers Master Data
Maintenance of Vendors Master Data
Book keeping
Financial Statement preparation
Maintenance of Financial records
Salaries Processing
Bank Related Matters
Oracle based accounting system
Invoicing
Aging analysis
Customer statement
Determines cost of operations by establishing standard costs; collecting operational data.
Identifies financial status by comparing and analyzing actual results with plans and forecasts.
Guides cost analysis process by establishing and enforcing policies and procedures; providing trends and forecasts; explaining processes and techniques; recommending actions.
Improves financial status by analyzing results; monitoring variances; identifying trends; recommending actions to management.
Reconciles transactions by comparing and correcting data.
Maintains database by entering, verifying, and backing up data.
Recommends actions by analyzing and interpreting data and making comparative analyses; studying proposed changes in methods and materials.
Increases productivity by developing automated accounting applications; coordinating information requirements.
Protects operations by keeping financial information confidential.
Maintains technical knowledge by attending educational workshops; reviewing publications.
Contributes to team effort by accomplishing related results as needed
Ratios Analysis
Financial statement analysis
Variance analysis
vertical and horizontal Analysis
Sales analysis
Cost Analysis
common size analysis
• Implemented Oracle based accounting system.
• Annual Financial budget preparation.
• Collection report preparation for various zones.
• Financial reports preparation according to IFRS/IAS.
• Financial statement Analysis.
• Letter of Credit openings.
• Preparation of documents arrangements of Funds from the bank.
• Prepare and maintain Fixed Asset Register.
• Verification of payments and vendor reconciliations.
ACMA FINALIST completed up to Managerial Level
MBA FINANCE
The Islamia University Bahawalpur 1st Division B COM, WITH COMPUTER AND ACCOUNTING
Punjab Board of Technical Education Lahore D COM PUNJAB BOARD OF TECHNICAL EDUCATION
