Accounting Lead
Siemens
Total years of experience :12 years, 11 Months
•Lease calculations and transactions as lessee and Lessor
•Responsible for revenue recognition analysis under IFRS 15
•Deep knowledge in IFRS 15 and all aspect of revenue recognition
•Provisions and accruals creation and provide analysis with uncleared balance.
•Provide all external audit requirements during the year end closing.
•Calculate receivable base allowance based on siemens discount rate.
•Engage in form 4 And LC preparation, custom duties, and clearance process.
•Employee travel advances settlement and clearance.
•Perform quarterly cost analysis and compare it with the budget.
•Participate in month end closing and reporting package.
•Using SAP Software
•Ensure reconciliation of inter-company accounts and inter-company cost Allocation.
•Record all lease transactions according to IFRS 16 Calculate leased liabilities and right of used asset, monthly interest, and its related depreciation.
•Preparation and submission of VAT Report including reverse charge of Inter-company.
•Prepare and monitor FX reports for realized and unrealized exchange Gain or Loss.
•Managing financial transactions (revenue recognition, accruals, prepaid, amortization).
•Supervising the AP team and insure the smoothing of AP cycles.
•Calculate Leave accrual, Bonus Accrual For Local and Expats.
•Attending a weekly meeting with the group in France for Closing Calendar and reporting
•Follow up with the HR Team for employee advances and expenses reports.
•Handle all vendors invoices with 3 ways match concept to be processed
•disburse petty cash by verifying documentations and approvals
•Charge expenses to its related cost centers, entity, and business unit
•Prepare all balance sheet account reconciliations.
•Provide sample and analysis of account to external auditors during financial audits
•Subjecting withholding tax on local and non-residence vendors.
•Preparing and analyzing VAT tax return according to Value addition Tax law.
•Prepare Social insurance analysis and payment on monthly basis.
•Follow up the outstanding payments with the processing team in New Delhi and England
•Protects organizational value by keeping information confidential.
•Prepare Financial Statements (B/S, P&L & cash flow).
•Keep track of all expenditures, purchase order, vendor invoices (Local & foreign)
•Classify and explain notes payable, prepaid expenses, Accrued expenses
•Interfaces with other departments, as well as External auditors
•Provides explanations for variances in specified General Ledger accounts
•Prepares journal entries to record General Ledger activity
•Responsible for recording & reconcile inventory
•Responsible for reconciling specified General Ledger accounts
•Customer reconciliation & follow for collections
•Responsible for realized & unrealized profit and loss accounting record
•Reviewing supplier invoices with the price quotation
•Cost allocation for inventories item
•Calculate Accrual commission on Sales
•Record & reconcile all banks transaction
•Evaluate inventories at the year end
•Use Microsoft Dynamics AX Software
•Prepare Financial Statements (B/S, P&L & cash flow).
•Customer balance reconciliation and follow up for collection.
•Excellent knowledge of logistics, import, export, containers arrivals dates
•Perform monthly banks reconciliation and issuing letter of guarantee “LG”
•Prepare employee Payroll
•Participate in inventory count and inspection at the year end
•Responsible for Accounts Payable, suppliers transfers & Preparing cheques
•Record Journal entries, Prepaid Expenses, Accrual Expenses,
•Review and inspect all incoming materials with purchase orders
•Review & approve payment vouchers and journal entries.
May 2010, Bachelor degree from faculty of commerce Ain shams university