Chief Accountant (KSA -Remotly )
IKEA| KSA & Bahrain
Total years of experience :15 years, 6 Months
• Manage two projects related to Accounts Payable (AP), General Ledger (GL), and Fixed Assets.
• Implement of new financial systems ( Microsoft Dynamics 365), as well as the implementation of Robotic Process Automation (RPA) projects & transfer to 100% paperless accounting cycle.
• Maintain the accuracy and completeness of the company's GL records (Analysis & reporting )
• Lead a team of 7 individuals.
• Manage the AP process, including processing invoices, reconciling vendor statements, and issuing payments.
• Overseeing the management of the company's fixed assets, including tracking and recording asset purchases, disposals, and depreciation.
• Manage the ROU & Lease monthly movement & calculation .
• Prepare a Monthly reports and analysis such as trail balance review, Accrual, Prepayment, partners, subsidiaries and income statements, to provide insights into the company's financial health.
• Manage the documentation and monitoring of Yearly Internal& External Audit.
• Developed and implemented GL policies and procedures to ensure accurate and efficient recordkeeping.
• Managed all the documentation and monitoring of Internal, External & Tax audits.
• Contributed to the development of financial reports, such as month-end closing, budgeting, and forecasting, to support business planning and decision-making.
• Implemented Oracle financial software and worked closely with the IT department and other stakeholders to ensure that the software is configured and customized to meet the organization's specific accounting and financial reporting needs.
• Analyzed financial data to identify trends, risks, and opportunities for improvement.
• Developed and implemented dashboards and other reporting tools to facilitate the monitoring and analysis of financial data
1.Perform Technical physical count 2. Perform mapping between technical data and Fixed Assets register. 3. Extract all old invoices to verify FAR DATA. 4. Allocate all technical warehouse on FAR 5. Reconcile and update FAR. 6. Communicate with technical and IT for DATA mapping and site visits. 7. Participate in Audit team site visits and calculate accuracy percentage. 8. Perform all back office tasks related to the project. 9. Manage fixed assets accountants and give them support
Accounts Payable
• Review and verify invoices and check payment requests
• Post all AP transactions to journals, ledgers.
• Prepare and process electronic transfers and payments
• Reconcile accounts payable transactions
• Monthly expense variance analysis
Fixed Asset
• Update and maintain Fixed Assets register
• Run monthly depreciation & close FA period
• Reconcile all FA accounts& Prepare monthly reports.
GL & Reporting
• Update & post monthly inventory actual count & Revising with accrual.
• Post & reconcile all transactions related to sales & inventory from other system to GL.
• Inter-company transactions and reconciliations
• Monthly bank reconciliations & pass required adjustment entries
• Month-end, quarter-end and year-end closing
• Oracle implementation & upgrade team member
• Performs other related duties as assigned
Banking & Cash :
• Prepare updates daily FHP report for management includes (Cash Balances& Cash reconciliations, bank movement, PDC Statement, LG/LC Statement& Aging analysis).
• Monitor all bank balances, including deposits and loan covenants & administrate loans and related transactions
• Prepare the forecasted cash inflow required for the collection from aging analysis.
• Cash deposit recording in Receivable module, updating daily cash balances, ensuring the accuracy of accounting and bank information.
• Book all check remittance for deposited checks in Receivable module, ensuring the accuracy of accounting and bank information.
• Monthly bank reconciliation and pass the required adjustment entries.
• Maintaining bank relationship& preparing banking documents for change of check signatories, bank authorizing officers and contact bank for action.
• Supervising corporate treasury operations related to cash management, loan administration, letters of credit/guarantee, analysis, reporting and special projects including but not limited to:
• Verifying banking transactions (loans, letters of credit/guarantee, commission, etc.)
• Verifying bank transfer applications
• Supervising issuance of letters of credit/guarantee and subsequent administration
• Prepare checks & transfers for local & foreign payment as per terms & procedure.
• Prepare transfers of monthly payroll, annual leaves, Loans and final settlement.
• Prepare the forecasted cash outflow required for the due payment.
• Update list of due date LC & IBC, and sent to the financial manager, contact bank to arrange foreign currency needed on time.
• Prepare the required monthly, quarterly and annual reports for managers and auditors.
• Performs other related tasks as directed by the head/s of the department.
Account Payables:
• Booking daily payables transaction of Suppliers’ Invoices attached with support documents for matching purpose “2/3 way match”.
• Monthly reconciliation of prepaid expense, Accruals and pass the required adjustment.
• Book all payroll internal memo’s of staff leave, Loans and final settlement.
• Handling staff petty cash transaction and re-imbursement.
• Prepare the monthly analysis reports as “Aging, Advance, provision, accruals and prepaid” for management and auditors.
Fixed Assets & Other Assets:
• Book fixed assets & other assets invoices in account payable module and Ensure the timely transfer to fixed assets Module.
• Handling the capitalization process of new fixed assets items.
• Following the CIP status to be capitalized on time.
• Prepare the monthly reports as PPE, Disposal, proceed and depreciation & amortization test”
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Cost Management:
• Calculate the landed cost of foreign shipment.
• Update item cost in Cost Management Module.
• Recording journal entries.
• .Posting journal entries to ledger
• Issuance of sales invoices to customers.
• Coordinates /prepares all accounts receivables and bank follow-up .
• Coordinates /prepares all accounts payables and bank follow-up
• Receiving & and reviewing of supplier invoices.
• Issuing (debit notes) suppliers.
• Issuing checks to suppliers.
• Overviews recording of checks to suppliers
• Preparing the sales tax return.
• Submitting data for monthly closing.
• Carries out all accounting activities relative to bank reconciliation
• Issuing cash receipts to customers.
• Follow-up accounts receivables.
• Doing bank deposits
• Preparing monthly reports of bank deposits.
• Settlement of the advance monthly
MA Customer Number: 000008428707-0
DipIFR (International Financial Reporting)
commerce
