senior accountant
Gourmet Gulf llc
Total years of experience :14 years, 11 Months
Coordinate with auditors during a mid-year review, and annual audit for resolving audit queries.
Budgeting for all lines of income and expenses, and maintaining its quarterly forecast.
Perform month-end accounting activities such as reconciliations and journal entries.
Coordinate with finance team to complete assigned accounting tasks within deadlines.
Evaluate computerized accounting systems and provide recommendations to IT team for performance improvements.
Prepare monthly financial statements, summaries, and other financial management reports.
Analyze financial discrepancies and recommend effective resolutions.
Monitor expenditures analyze revenues and determine budget variances and report the same to management.
Prepare branch-wise breakup of admin & management expenses.
Designation: Senior Accountant
Managing Key Finance & Accounting Processes
Records all accounting entries on a daily basis, including operating expenses, cash/banks & control sub ledgers.
Month End closing process is executed accurately and before the pre-determined deadlines.
Managing all accounting operations including billing, accounts receivable, accounts payable, monthly accruals, costing, inventory, fixed assets and all GL maintenance requirements to ensure financials accuracy
Approval of corrections to the ERP system (where necessary)
Ensure working capital is managed effectively and timely collection of receivables and on time supplier payments. Assisting in the development of accurate cash flow projections.
Preparation of cheque, payments and bank deposits
Preparation of payroll and bonus scheme calculations.
Review of weekly Cash/Bank Reconciliation.
Ensure the follow up & control of account payables and compliance with the payment terms.
Ensure compliance between the order confirmation and supplier’s invoicing.
Monitor Performance Bond/Guarantees and Letter of Credits and negotiation with the banks.
Responsible for VAT controlling accounts and returning file with the authorities.
Internal Controls
Coordinate the process to establish an operational budget and monitor on an on-going basis strict adherence to it. Collaborate with relevant people in order to provide reliable and timely cost estimations for the company ad-hoc and ongoing projects.
Ensuring that all financial transactions are in compliance with company policies, procedures, regulatory requirements and international financial and accounting standards.
Strictly abiding by existing processes, policies and procedures and highlighting any discrepancy or suspicion in transactions to management for necessary action, to ensure efficiency and error free outcome
Completing and analysing financial information to prepare financial statements including monthly, quarterly and annual accounts. Ensuring that financial statements are prepared in compliance with International Financial Reporting Standards (IFRSs).
VAT registration & submission
Job Responsibilities:
VAT implementation & filling as per the UAE VAT-LAW
Providing support, service and advising on all financial matters to the company’s management, i.e. budget preparation, management accounting, MIS and all other financial and non-financial reports and statements.
Budgeting and forecasting with periodical controls, variance analysis, and management reporting and ensuring compliance.
Payment schedule supervision.
Preparation of daily finance schedule
Supervision of cheques in context with payment due.
Monthly preparation of collection target branch wise, day wise against overdue & invoices becoming due.
Weekly preparation of analysis of target against collection branch wise
Preparation of Bank Reconciliation.
Balance transfers in keeping funds requirement in certain bank accounts/companies.
Correspondence with banks for taking bank balances accounts daily.
Liaison with banks and handling all banking matters
Ensure Reconciliation of all Customers accounts
Reconciliation of vendors accounts
Liaison with procurement department for timely obtaining of vendor invoices.
Liaison with procurement department for advance settlement issue to Vendors
Cost planning, cost control and cost analysis of various construction, piling, shoring, excavation and dewatering projects, calculating cost variance to measure the project performance whether the project is under budget or over budget.
Reviewing and posting the revenue arising from construction, piling, shoring, excavation, dewatering contracts & rental from construction machines and equipment’s.
Handling all the subcontractors for concrete, steel, excavation, rubbish removal and dewatering, reviewing their payment certificates, ensuring necessary deductions and retentions.
Reviewing daily time sheets of the excavators, shovels, trailers and other construction equipment’s working at different sites and making the necessary calculations for cost and revenue.
Performing and reviewing the reconciliations of main cash and imprest cash accounts, partner’s current accounts, intercompany transactions, bank accounts, customer accounts, supplier’s accounts and staff loan accounts.
Maintaining system of PDCs payable & receivable, daily cash reports, detailed accounts payable and receivable including aging analysis.
Monitoring internal/ external payments on timely basis and exercise internal controls so that payments are made as per the approved terms for goods and services supplied.
Preparing salaries under WPS system, overtime, leave salaries and end of service benefits following the existing labour law of the UAE.
• Preparation of Statement of Comprehensive Income. Monthly, Semi Annually & Annually. • Budgeting & fore casting on monthly basis & respective variance analysis. • Monitoring of the companies Accounts Receivable & Accounts Payable with their ageing analysis & outstanding reports and confirms the timely receipts and payments. • Internal Audit to ensure all the Accounting Invoices from suppliers, Vouchers & Invoices to customers was accurate. • Applied Internal Controls for the integrity of the wages & salaries paid to Employees. • Bank Reconciliation for the companies two Bank Accounts. • Cross checking of the ledgers of suppliers to make sure any difference exists should be eliminated. (Reconciliation) • Preparation of weekly & monthly reports, Cash Flows, AP, AR etc. • Payroll accounting of the company, wages & salaries. • Providing Ad-hoc reports on urgent basis when needed by the top management. • All accounting tasks like Book keeping, Accounts compilation, Petty Cash management.
• I was responsible to make and handle the accounts of showroom in RawalpI was responsible to make and handle the accounts of showroom n Rawalpindi Pakistan.
• Prepare forms and manuals for accounting and bookkeeping personnel, and direct their work activities.
• Performs other duties of a similar nature or level.
• Assists with the preparation of the annual and mid-year budgets.
• Establish tables of accounts, and assign entries to proper accounts.
• Prepare forms and manuals for accounting and bookkeeping personnel, and direct their work activities.
• Performs other duties of a similar nature or level.
• Assists with the preparation of the annual and mid-year budgets.
• Establish tables of accounts, and assign entries to proper accounts
accounting and finance
Master of Business Administration (MBA Finance) Federal Urdu University, Islamabad. accounting organizational behavior marketing management international finance corporate finance investment analysis & portfolio management
Bachelor of Commerce (B.COM) University of Punjab, Lahore.