Accounts Manager
Art Marine LLC
Total years of experience :9 years, 8 Months
• Check and verify accounting entries in ERP by all junior staff
• Monthly reporting to Aldar Group and Dubai Properties for their respective marina performance
• Oversee payables and receivables functions to ensure efficient cash flow management
• Making reports for VAT submissions on behalf of all marina owners
• Bank and POS terminal reconciliation across all marinas
• Revenue recognition as per IFRS 15 for the marinas against berth invoices
• Invoicing all marinas management fees and expenses with complete supporting documents
• Processing purchase orders after price comparisons and quotations
• Inter-system reconciliation between finance and operations software
• Process petty cash requests after reconciling the running balances
• Train and guide staff at site for day to day financial tasks
• Working on trial balances from Oracle to generate financial statements
• Ensuring accurate and consistent trial balance mapping for all entities
• Processing security deposit refunds following separate SOPs for Aldar and DPG
• Frequently travelling to sites to troubleshoot and to train staff
• Attend monthly meetings with marina owners for presenting financial reports
• Supporting division head prepare annual forecasts and budgets for all marinas
• Maintaining and processing CAPEX requests as per pre-approved budgets
• Maintaining prepayments and accrued expenses schedule
• Maintain PDC lists and deposits cheques as per maturity
• Devising SOPs and internal controls as and when required
• Performing month on month expense variance analysis
• Handle treasury function for several branches of the operations
• Oversee payables and receivables functions and reconcile difference by meeting stakeholders
• Helped implement, trouble shoot and optimize Microsoft Dynamics Navision ERP
• Worked on VAT implementation on multiple channels of revenue
• Perform monthly bank and credit card POS sale reconciliation
• Maintain petty cash
• Account for wastages and shrinkages in food items at various locations
• Manage inventory valuation and absorption of ancillary charges in unit cost of item
• Maintain record of PDC’s issued and ensure funds availability to meet liability
• Stock transfer between internal locations
• Manage operations of stock and invoicing in concession contracts with suppliers and customers
• Advise management about strengthening of internal controls
• Work with retail department to set item prices
• Prepare monthly reports for management
• Prepare complete accounting records while ensuring accuracy, completeness and compliance with international accountancy standards
• Banks, PDC issued/received and guarantee checks issued reconciliations on a monthly basis
• Maintaining prepayments of expenses and provision schedules for leave salary, air ticket & gratuity
• Accounts payable processing, debtor/creditor reconciliations and receivables accounting.
• Maintain fixed asset register and addition/deletion of assets along with depreciation schedules
• Processing applications for Bank guarantees and Letter of Credit
• Making export documentations for LC based orders
• Prepare employee leave/final settlements as per UAE labor law and company policies
• Partly manage petty cash transactions and cash wages paid.
• Preparing draft profit and loss statement for Group Chief Accountant's review
• Assisting and working with external audit for timely generation of audited financial reports
• MIS reporting to the senior management quarterly
• Maintain intercompany sales and purchases schedules for accurate payments and receipts.
• Follow and test internal controls to advise the internal audit team of any improvements required
• Prepare and analyze financial reports for enhanced decision making
• Working with the accounts team for quarterly closing of accounts and preparing in-house profit and loss statement.
• Draft ad hoc reports for senior management as per requirement
• Assisting and managing other day to day activities along with some admin responsibilities.
• Book keeping services for several client companies in Swiss accounting software
• Accounts payables and receivables cycles and intercompany reconciliations.
• Bank reconciliations of multiple bank accounts on weekly basis.
• Processing local and international transactions of mostly high value.
• Reporting all transactions and other matters to the head office at month end.
• Update daily activity log in head office server.
• Handling petty cash for office expenses
• General duties as and when required by the role
• Archiving the documents properly to ensure easy and quick access.
FMVA - Financial Modeling & Valuation Analysis
ACCA finalist