Regional Accountant
Almarai
Total years of experience :16 years, 6 Months
1. Regional Reporting:
• Month end closing JV’s verification & execution.
• Month end inventory closing & verification through system.
• Monthly over time & trip all ounce consolidation.
• Monthly actual expense verification from P & L in relation to budgeted expenses.
• Preparation & consolidation for monthly internal controls.
• Monthly fixed asset report consolidation at regional & head office level.
• Weekly financial regional activities reporting of regional activity log for Head office.
• Regional coordination with depot accountants & head office.
• Forwarding all regional payment to Head Office after verification & other details for payment execution.
2. Fixed Assets:
• Fixed asset creation in SAP for entire eastern region.
• Fixed asset location & user transfer updation in SAP for entire eastern region.
• Fixed asset cycle count monitoring & verification as per the company asset count calendar for entire region.
• Fixed asset disposal & scrap monitoring & updating in SAP for entire eastern region.
• Intra company coordination for fixed asset movement & other related activities.
• Coordination with head office relating to Fixed Assets.
3. Assisting Regional Accounting Manager in other day to day financial activities & compliances.
4. Responsible for Sales Analysis for EKSA & Upper Gulf (Qatar & Bahrain) through Business Operations a SAP Module & take required decisions in consultation with RAM.
1. M.I.S Reporting:
• Maintaining Management’s accounting records; Payments, Receipts; Adjustments of Directors’ transactions.
• Weekly MIS Reporting of Management Accounts.
• Preparation of Cash flows both International & Local.
• Preparation of monthly financial statements.
• Monthly Reporting and Presentation of Management Accounts.
• Monthly Reconciliations of outstanding balances with SBUs.
• Maintaining record of Petty Cash transactions.
• Monthly Reporting of Corporate Office Accounts.
• Weekly Bank reconciliation statements of Both Local & international accounts.
• Monthly Benefit administration expenses.
• Preparation & reconciliation of sales reports.
2. Treasury Functions:
• Placement of Funds in company accounts (Local Banks).
• Placement of Funds in TDR, Corporate Bonds & other profit instruments.
• Placement of Provident funds for profit.
• Coordination and conversation of foreign currency wires.
• Buying & selling of foreign currency through local market & banking deals.
• Allocation of funds for projects & administrative expenses.
3. Audit Functions:
• Post Payment audit.
• Expense reconciliation on monthly basis.
• Verification of trail balances & GL reconciliation.
1. M.I.S Reporting:
• Preparation of monthly financial statements.
• Preparation of monthly cash flows.
• Monthly reconciliation of all Banks.
• Preparation of weekly market credit report.
• Monthly expense reconciliation report.
• Preparation of Daily fund position.
• Preparation of expense detail and verification of the limits with analyzing of monthly variation of expense accounts.
• Preparation of Daily Sales reports, only Karachi.
2. Treasury Functions:
• Placement of funds in company accounts.
• Allocation of funds for both stock purchases & operational expenses.
• Allocation of funds for outstation projects.
• Loan Management coordination with different Banks.
3. Budgeting & Forecasting:
• Preparation of monthly distribution expense budget.(Both operational & administrative)
• Purchase forecasting of different seasonal products.
• Sales estimations for the purpose of Inventory Management.
• Preparation of Feasibility reports for new products & companies for distribution purpose.
• Preparation of Feasibility reports for new projects outstation.
4. Audit Functions:
• Controlling market credits.
• Finalization of Monthly expenses & analysis of it to take cost reduction steps.
• Internal Audit responsibilities. (Karachi Only)
• Verification of Trail Balances & GL reconciliation.
5. Payroll Execution:
• Execution & Disbursement of salaries via Bank Transfer.
• Processing & Disbursement of Final Settlements.
• Processing & Disbursement of Special Loans to Employees.
1. M.I.S Reporting:
• Preparation of monthly financial statements (Sugarita Division).
• Preparation of monthly cash flows (Sugarita Division).
• Monthly reconciliation of all Banks (Sugarita Division).
• Preparation of monthly Distributors credit report (Sugarita Division).
• Monthly expense reconciliation report (Sugarita Division).
• Preparation of Daily fund position (Sugarita Division).
• Preparation of expense detail and verification of the limits with analyzing of monthly variation of expense accounts (Sugarita Division).
• Preparation of weekly Sales reports.
2. Costing & Forecasting:
• Costing of various SKU’s.
• Sales forecast of various SKU’s.
• Distribution feasibility for outstations.
3. Audit Functions:
• Verification of Payables.
• Internal Audit responsibilities.
• Finalization of monthly expenses & analysis of it to take cost reduction steps
Master In Commerce
Bachelor's in Commerce