Senior Financial Accountant
Siemens Energy
Total years of experience :13 years, 10 Months
• Ensure that general accounting processes and implementations are in adherence to Siemens policies and IFRS/local GAAP for Egypt including IFRS-15 updates.
• Perform accounting functions as assigned including, but not limited for bookkeeping, reconcile and report key Balance Sheet position, e.g. AR/AP, GR/IR, GIT, Advances to Suppliers, Suppliers’ Retention, Advances from Customer and Customers’ Retention, Process Inventory stock adjustments
• Ensure transactions are recorded in conformance with IFRS/ local laws and taxes, and adequate internal controls are in place and in line with Siemens International Chart of Accounts.
• Book month-end adjustment entries (e.g. payroll adjustments& accruals/Provisions & lease agreements entries for related activities).
• Review tax forms and reports (WHT& VAT).
• Participate in month-end closing procedures including coordination with shared services and with Lead Country.
• Participate and support in preparation of Accounts analysis as per internal / external audit requirements, as well as respond to raised queries and support in coordination between divisions external audit teams.
• Participate in controlling over customers’ financial records including but not limited to customer monthly ageing report, DSO, debtor’s valuation allowances (calculation & processing) & country credit risk rating allowance.
• Prepare monthly Fixed assets schedule, and controlling all CAPEX processing and approvals.
• Review month-end bank reconciliation, and make sure it’s matching with SAP.
• Send weakly bank outstanding to the divisions, and make sure all open items are recorded on the system.
• Review monthly OPEX control, and highlight all different between it and the budget.
• Check and post all the shipment invoices related to foreign vendors.
• Screen all G.L and cost center for the expenses before it has been posted.
• Monitor closely all assets, liabilities accounts and coordinate with other teams to tackle down any issues.
• Send weekly payments request to the treasury team.
• Present weakly aging to our vendors and make its analysis.
• Ensure that general accounting processes and implementations are in adherence to Hayat Egypt policies and
IFRS/local GAAP for Egypt.
• Post all monthly accrual and month-end adjustment entries in the system.
• Prepare tax forms and reports (WHT, VAT, Payroll, and Stamp).
• Handle monthly inter-company and vendor’s reconselation.
• Remodel monthly GR-IR analysis and follow to clear the different in it.
• Modify control on employee’s expenses by make internal order report.
• Review Month End close: supervises the cost and other OPEX and compare it with the budget.
• Hold financial presentations to local and regional leadership to inform on the financial state of the business.
• Review Monthly bank reconciliation to ensure all entries is updated.
• Set up local financial policy, and Managing budget and strategic planning efforts.
• Identify potential gaps in critical processes and work continuously to improve them to contribute to
entity overall performance.
• Provide training support on financial systems as necessary.
Reduce the missing payment request with our treasury.
• Decrease the GR/IR different by make analysis for this report and work.
Core Responsibilities:
• Manage all the communications with the vendor regarding the payable activities.
• Verify and Booking all vendor invoices, DNs and CNs.
• Monitor the Goods Received & Invoices Received (To avoid any discrepancy in the GR-IR balance).
• Check all the open POs includes (POs without invoices & POs without GRN) in order to resolve their issues.
• Prepare and Post all the outgoing payments on SAP.
• Allocate and clear the payments with the proper invoices.
• Reconcile the balances on a monthly basis to avoid any discrepancies in the balances.
• Follow up the outgoing payments& ensure it has been paid according to payment terms.
• Provide all required analysis for responsible accounts.
• Handle the internal & external audit processes with auditors as needed.
• Prepare special reports that may be required by the shareholders as needed.
Unrestricted References Available upon request
• Answer all customers queries related to payments and outstanding invoices.
• Monitor accounts receivable and ensure balances are always up to date.
• Prepare quarterly, monthly and weekly cash flow report and ensure company meets cash flow targets.
• Ensure up to date posting of invoices; follow up with opened invoices on a daily basis.
• Ensure Sales records are align with financial records.
• Approve daily equipment sales invoices.
• Participation in controlling over customers financial records including customer monthly ageing report.
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Degree in Accounting
