Senior accountant
Olaat Development Ltd. Group
Total years of experience :15 years, 0 Months
one of the most important and largest property management and development companies in the KSA. Key Responsibilities and Experience Overview:
• Verify, allocate, post and reconcile accounts payable and receivable
• Produce error-free accounting reports and present their results
• Prepare financial statements and produce budget according to schedule
• Assist with Zakat audits and VAT returns Prepare journal entries and reconciliations for monthly general ledger close.
• Managing the organisation’s reporting process under IFRS, ensuring financial and management reporting deadlines are met:
- Management of monthly management accounts process - I reduced the reporting timelines from 15 working days to 6 working days
- Liaising with the company’s billing team on a regular basis ensuring that all revenue transactions are accurately recorded.
- Reporting to overseas office - I am lead point of contact, for delivering results and managing related queries and communications, with overseas Head Office
• Liaising with the Head Office ensuring all queries relating to the monthly/quarterly reporting package are dealt with.
• Liaising with external auditors during quarterly audit review and year end audit.
• Working with the company’s external tax advisor on both compliance and tax restructuring (e.g. VAT) issues.
• Prepare and records asset, liability, revenue, and expenses entries by compiling and analyzing account information.
• Maintain and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions.
• Maintain general ledger by transferring subsidiary accounts; preparing a trial balance; reconciling entries.
• Overseeing the company’s billing and debtor collection cycle. This involved preparation of credit assessment reports and recommendations on credit limits and payment terms.
Key Responsibilities and Experience Overview:
• Receiving daily cash sales invoices and following up on the collection of deferred sales invoices during the month.
• Reconciling invoices, supplies, and collections on a monthly basis and performing a monthly clearance of sales representatives, customers, branches, and store balances of the company's branches and agents.
• Follow up on the sales movement, review the selling prices, and review the return prices.
• Preparing sales reports
• Assist with Banking activities like setting up new accounts, adding new signatures, bank reconciling items, banking fees.
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