Accounting Manager
Farzana Trading
مجموع سنوات الخبرة :18 years, 2 أشهر
Enterprise Impact:
•Successfully converted deficit into surplus cash by reengineering the cash management system and developing an effective collection system
Key Profile:
•Spearhead day to day activities of the accounts department encompassing finance / accounting functions, verifying payments for ensuring adequate approval prior to payments
•Maintain adequate GL balance and schedule of accounts for accurate monthly closing. Evaluate monthly banks reconciliations, book purchase invoices for suppliers
•Manage monthly supplier, general ledger and sub ledger balance reconciliations with banks, receivables, payables and other parties
•Interact with banks and financial institutions for maintaining steady cash flow, obtaining good interest / exchange rates as well as for applying Letters of Credits, Bank Guarantees based on business requirements
•Assist internal & external auditors in conducting financial audits based on IAS & IFRS and Tax laws; follow up with team members in maintaining accounting principles, organizational policies and other statutory regulations
•Set up financial controls and procedures and resolving critical issues with potential financial impact for maintaining seamless operations
•Follow up with customers & concerned stakeholders for ensuring collection of outstanding prior to due date aimed at accomplishing organizational collection targets and minimizing potential bad debts
•Liaise with suppliers and customers for realigning payment schedules with minimal impact to mitigate financial exigencies
•Evaluate work of accounting staff with regards to cash reconciliations, check runs, accounts receivable transactions, fixed asset activity, payroll, accounts payable transactions, debt activity, recording of revenue and expenses amongst others
•Prepare fiscal year end transactions and issue financial statements / reports to enable stakeholders in assessing organizational financial health
Processed & maintained updated transactional data related to payroll (payroll generation, accounts receivable and accounts payable) in compliance to various payroll processes
•Followed up with HR, Administration and Sales for validating & approving payroll summary reports prior to processing & disbursing payments
•Drafted & presented Letters of Guarantee, L/C, Trust Receipt & Cash Against Documents based on business and operational requirements
•Followed up with clients for accomplishing payment collection targets. Assessed payment certificates for monitoring collection of payments
•Verified balance of ledger accounts, prepared accounts, monthly letters of credit payment schedules including monthly bank reconciliation, cash flow projection, summary of next month’s payment
•Interacted with banks for availing credit facility requirements and managing other banking transactions
•Prepared & finalized weekly, monthly and annual financial accounts including trial balance, profit & loss statement, balance sheet and ratio analysis
•Developed & maintained systems for cost-sensitivity analysis and early-warning of cost-overruns for implementing effective remedial measures based on identified deviations
•Updated business status to the senior management and other stakeholders using detailed reports & presentations to enable effective decision making
Managed recording & accuracy of transactions related to payroll (payroll generation, accounts receivable and accounts payable) in compliance to organizational payroll processes
•Prepared & finalized Weekly, Monthly and Annual financial accounts (trial balance, profit & loss statement, balance sheet and ratio analysis)
•Involved in preparation of financial MIS highlighting deviation from budgets & preceding year costs, collaborated with the finance head in evaluating/ interpreting various financial reports
•Coordinated activities related to managing accounts payables including vendor/ bank & customer account reconciliations
•Followed up with various stakeholders pertaining to managing financial audits based on statutory requirements for resolving accounting discrepancies or irregularities
•Drafted & presented Letters of Guarantee. Conducted periodic internal audits based on business as well as operational requirements
•Prepared & presented new project budgets and evaluated reasons for deviations for maintaining organizational bottom lines
•Focused on recruitment, grooming & mentoring team members for consistently enhancing client satisfaction by rendering superior quality service
Coordinate and ensure proper recording and accuracy of all transactions related to payroll (payroll generation, accounts receivable and accounts payable) ensuring compliance with payroll
•Prepared the bank reconciliation statements, identified error in the accounting records to assist in the regular monitoring of cash flows of the business
•Followed up with the fixed assets to so they are properly accounted for taxes, created reports for the same and fixed asset depreciation schedules for the company
•Coordinated in physical stock takings, auditing existing stock and physically verifying of items held in the inventory
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