Chief Accountant
Ignite School LLC
Total years of experience :13 years, 4 Months
• Preparing Annual and Multiyear Budget timely in coordination with Department heads.
• Assist Director in implementation of internal control policies, guidelines, and procedures for budget administration, cash/credit management and accounting.
• Reviewing purchase orders, claims and contracts, controlling the requisitions process and purchase orders for supplies and equipment.
• Maintaining credit control and receivables management through direct interaction with customers.
• Responsible for the preparation of financial statements, business activity reports, financial position forecasts, annual budgets, and reports required by Director.
• Supervision of employees performing financial reporting, accounting, billing, collections, payroll, and budgeting.
• Coordination of company accounts/financial audits.
• Communication to Group divisions of approved accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
• Responsible for Inventory & Fixed Asset Counts.
• Supervising and controlling receiving of cash, cheques, and deposits funds.
• Developing and implementing purchasing/contract management instructions, policies, and procedures.
• Coordinating the setup of lease agreements and the subsequent management of agreements.
• Maintaining good working relationships with suppliers submitting claims for recompense if required.
• Implementation and management of new ERP (MS Dynamics 365 BC) software.
periodic financial statements of Group (Hospitality, Retail, Construction & Trading) in accordance with International Financial Reporting Standards (IFRS).
•Authorize PO’s, payments and expenses and conducting internal audits
•Preparing periodic Tax returns of company in accordance with Federal tax Authority requirements (FTA).
•Preparing monthly management reports containing cash flow projections, aging analysis of debtors and creditors, breakeven trend, variance analysis of revenue and expenses, project wise margin analysis, trend analysis of profits with past periods, ongoing projects etc.
•Making monthly closing of accounts by ensuring that all month end adjustments (accruals, pre- payments, payroll, bank reconciliations, invoicing, depreciation etc.) have been accounted for properly and reconciling GL module with AR, AP, inventory, revenue and fixed asset module of ERP.
•Participating in periodic budget preparation activities by giving inputs in terms of identified variances in past, cost cutting suggestions and new plans / improvements that would impact future costs and revenue.
•Analytical evaluation of financial performance of company by using different ratios and tools like ROCE, GP ratio, NP ratio, current ratio, inventory turnover ratio, accounts receivable turnover ratio etc.
•Responsible for controlling team of accountants, reviewing their work and coordinating their queries.
•Evaluating internal control systems, identifying control deficiency, duplication, fraud or non-compliance with policies and making appropriate recommendations to the management.
RESPO NSIBILITIE S:
•Prepares asset, liability, and capital account entries by compiling and analyzing account information.
•Preparation of project vise cost reports, variance analysis reports in order to trace favorable/ adverse variances.
•Dealing with the banks for arranging guarantees for projects and other general issues.
•Analyze financial information and summarize financial status.
•Maintains accounting controls by preparing and recommending policies and procedures.
•Maintaining daily bank reconciliation, monthly reconciliation of customer’s & supplier’s ledgers.
•Approval of payments by verifying documentation and requesting disbursements.
•Process Accounts Payable for approvals and keeping controls on petty cash expenses.
•Responsible for transferring salaries of all employees through online banking following WPS.
• Statutory audits which include analysis and reviews of financial statements including cash flow statements of various industry clients. Scope of work included ensuring compliance with management policies, identification of weaknesses in the system for potential risks and examining financial statements to ensure compliance.
• Internal audits included planning risk assessments, understanding the business, scoping and assessing the key risks, development and implementation of Improvement Plans.
• Compilation of financial statements in compliance with IFRS while assessing various areas of financial statements such as employee benefits, taxation.
