Senior Accountant
Al Baker Group
Total years of experience :15 years, 5 Months
Responsibilities:
• Responsible for all General Ledger Accounting; analyzes financial information detailing assets, liabilities, revenues, and expenses.
• Perform daily system reconciliation of bank activity and post the approved batches and coordinate with respective people to enter pending banking transaction.
• Supervises AP Coordinator.
• Manage accounts payable from invoice to payment, beginning with coding invoices to the appropriate job number and GL account number and submitting invoices to Accounts Managers for approval
• Post journal entries in the company general ledger using accounting software(Oracle JD Edwards)
• Reconciliation of GL accounts every month.
• Lead the Monthly Financial Close process including review and final sign-off of accruals, journal entries, account reconciliations, financial statements, score card, management reports and other financial analysis as required; drive the close deadlines globally every month
• Prepares and submits GL account lead sheets for internal and external tax consultant use.
• Tracks asset purchases and monitors capital spending on a monthly basis
• Track and maintain fixed asset ledger by coordinating with other departments and AP.
• Assist with the preparation of month-end financial statements, cash flow statements, and budgets.
• Assist with the preparation of other reports provided to management.
• Assist with implementing or upgrading new financial systems and software.
• Review monthly bank reconciliation and circulate it to the branch accountants for rectification of entries
• Checking employee receivable account and understand the outstanding for approving the release of passport.
• Reviews and approves the non-stock PO's requisitions and their account distribution.
• Supervises the maintenance of accounts books, registers, ledgers, files and books. Ensures they are accurate and kept up to date
• Prepare daily cash position report, ensure effective cash management for the group entities, monitor cash position to ensure sufficient funds are readily available
• Experienced in preparing requirements for TR loans, bank guarantees, letters of credits and other bank reporting requirements.
• Optimizes working capital, including involvement in collection procedures, account reconciliation, payroll processing and accounts payable
• Identifies optimal banking structures to accelerate the cash delivery cycle, streamline the concentration of cash, minimize bank service fees, and enhance cash controls
• Investigates and follows-up with appropriate banking personnel regarding unresolved discrepancies between company account data and the bank
Responsibilities:
• Manage daily accounting and reporting activities including accounts payable, accounts receivable and general ledger posting.
• Lead the Monthly Financial Close process including review and final sign-off of accruals, journal entries, account reconciliations, financial statements, score card, management reports and other financial analysis as required; drive the close deadlines globally every month
• Process accounts payable from invoice to payment, beginning with coding invoices to the appropriate job number and GL account number and submitting invoices to Accounts Managers for approval.
• Prepare daily cash position report, ensure effective cash management for the group entities, monitor cash position to ensure sufficient funds are readily available
• Experienced in preparing requirements for TR loans, bank guarantees, letters of credits and other bank reporting requirements.
• Optimizes working capital, including involvement in collection procedures, account reconciliation, payroll processing and accounts payable
• Identifies optimal banking structures to accelerate the cash delivery cycle, streamline the concentration of cash, minimize bank service fees, and enhance cash controls
• Evaluates and recommends new banking services to optimize banking architecture, e.g. concentration bank, disbursement services, balance reporting, and fraud prevention.
• In this highly visible position the analyst will regularly present reports and analyses to Senior Finance Management Team, including the General Manger and the Finance Manager
• Investigates and follows-up with appropriate banking personnel regarding unresolved discrepancies between company account data and the bank
• Checking Van sales receivable account and understand the outstanding for approving the release of passport.
• Monitoring monthly bank reconciliation and circulate it to the branch accountants for rectification of entries
• Investigate and resolve A/P-related irregularities and/or queries
• Ensuring that the accounting policies and norms are in compatible with double entry standards
• Updating prices of stock items as per prices structure in JDE and verifying mark up.
• Financial planning, budgeting and reporting including monthly budget vs. actual P&L reporting by business unit.
• Analyse the Profit & Loss Statement and the Marketing Budget, with special focus on the actual and forecasted results.
• Analyse budget against actual trading performance every period and provide variance explanations.
• Ensure timely & accurate production of standard & customized financial reports for the Business.
• Internal/External Financial Audit support responsibilities to insure that audits are completed timely and accurately.
Responsibilities:
• Mapping of financials into XBRL.
• Analysing Financial Statements of US Companies.
• Complete quality XBRL filing involves assigning correct tags for items in Balance sheet, Cash Flow, Income statements, SSE and Detail and Block tagging of Notes to the Statements. Also involves decision on setting calculation hierarchy & consistency.
• Eradicating all the errors in the XML and XSD files to make the files mandate ready.
• Preparation of XBRL for different Industries (i.e. BASI, CI, BD, INS, RE) through USGAAP-Taxonomies-2009-03-31.(Statements which we are dealing with: Statements of Income, Statements of Financial Position Classified, Statements of Shareholders' Equity and Other Comprehensive Income, Statements of Cash Flows and disclosures ) for (File Type 10-K, 10-Q & 20-F) type preparing them ready to file with SEC (Securities Exchange Commission, USA).
• Detailed Tagging.
• Block Tagging.
• Build Taxonomy extensions.
Client Servicing
• Ensuring the quality of the information offered to the clients & providing updates & latest information regarding the product.
• Handling queries of the clients on a regular basis, if any.
• Preparation and submission of reports relating to inflow and outflow of Jobs handled.
• Communicating with clients to enhance the features of applications and tools implemented.
Responsibilities:
• Prepares journal entries and reconciles general ledger and subsidiary accounts; prepares monthly financial statements, including distributing monthly revenue and expenditure reports to departments.
• Analyses and reconciles expenditure and revenue accounts.
• Calculates and prepares reimbursement billings and tracks receivables; reconciles monthly accounts receivable
• Verify supplier invoices with all supporting documents, (PO, Price and payment term) and file it along with the payment voucher prepared.
• Monitors grant revenues and expenditures, ensuring data is recorded in the financial accounting system.
• Follow procedures for processing A/P processing, AP aging, payment generation, etc.
• Review all invoices for appropriate documentation / approval and code
• Reconcile vendors account.
• Carry out A/P processing, payment generation and reporting activities according to specific deadlines
• Investigate and resolve A/P-related irregularities and/or queries
• Manage the weekly cheque run
• Respond to inquiries from vendors and resolves problems
• Calculates and prepares reimbursement billings and tracks receivables; reconciles monthly accounts receivable.
• Assists with the preparation of the annual and mid-year budgets.
• Coordinating with auditors for all auditing activities
• Provides training in the use of the Company’s computerized financial system and assists retail outlet personnel with budget questions, proper expenditure coding, document processing and other accounting related activities
• Performs other duties of a similar nature or level
Responsibilities:
• Conducting promotional activities
• Login and follow up all the insurance proposal from different channels
• Give trainings and motivate the distributers.
• Tracking the discrepancies in proposal on daily basis.
• Helping the channel partners to close the sale for HNI clients
• Maintaining Accounts, Ledgers and Daily Cash Book
• Supervising Sales and Purchase
• Maintaining Stock and Registers
Major Achievements:
• Achieved 160 % of 2008 base sales target
• Awarded for sourcing maximum business from the region
• Achieved first position in one contest (Dazzling Dubai trip)
• Achieved first position in Champions of Champions contest
• Achieved Top conversion ratio (Training Vs Sales - 77%) in 2008.
NA
Taxation