Sr. Accountant
synaxis Saveto LLC
Total years of experience :18 years, 2 Months
I am managing Accounting / Financial & Manufacturing Operations through JD Edward One World Oracle Finance (GL, AP, AR, and FA, Inventory, purchasing, Manufacturing etc).
• Preparation and submission of monthly, half yearly and Annual Accounts.
• Ensures Profits and Losses are documented accurately.
• Fixed Asset Register, keep eye on Supplier & Customer Ledger, Checking Payments, JV & Other Adjustments; Monitoring & Recurring Monthly Provisions & Amortization of Prepayments.
• Managing cash flows by charting out appropriate policies as per market collection.
• Preparation of Annual Budget for the company and analyzing its variations with actual results.
• Account Receivable / Payable Aging, Synchronizing Receipt with Payments.
• Cost Classification & Flows, Estimating cost of new product & Implementation the same,
• Establishing product cost standards, which lead to setting Sale Prices for Finished Goods by the TOP Management.
• Material, Labour, Overhead Costing and Controlling.
• Calculation & interpretation standard cost, Variance analysis, Profit reconciliation.
• Production Report & Cost Statement, Cost of Goods Sold.
• Successfully handled the External Audit team for the audit of financial years 2009, 2010& 2011.
• Development of the financial policies and procedures and implementation of the same to ensure effective financial control at all times is maintained.
I am managing Accounting / Financials through SAGE.
• Development of the financial policies and procedures and implementation of the same to ensure effective financial control at all times is maintained.
• Ensure accurate and timely closure of the month end financial accounts.
• Work with top management to develop and distribute instructions, standards and timelines appropriate to the company in order to contribute to consistent reporting.
• Provide an interface with external auditors.
• Assist with the implementation and development of the accounting and financial reporting systems
• Negotiate agreements and build relationships with providers (banks, financial parties etc.)
• Monitor bank service levels and fee structures.
• Establish and maintain for future reconciliations and ability to close all gaps successfully.
• Responsible for overall financial issues relating to company;
• Responsible to take measures to save the wealth of company’s shareholders;
• Responsible for taking steps for smooth functioning of financial system of the company;
• Responsible for managing cash flows by charting out appropriate policies for market collection;
• Successfully handle the External Audit team for the audit of financial years 2011.
• Responsible for preparation and submission of monthly, half yearly and Annual Accounts to Board of Directors of the group.
• Responsible for preparation of Annual Budget for the company and analyzing its variations with actual results and making arrangement of finance for company’s operations.
• Setting Cost standards, Variance analysis, Profit reconciliation, and interpretation of variances.
• Fixed Asset Register, keep eye on Supplier & Customer Ledger, Checking Payments, JV & Other Adjustments; Monitoring Monthly Provisions & Prepayments
· Perform all the accounting operations using JD Edward One World Oracle Finance.· Analyze revenue and expenditure trends and recommend appropriate budget level and expenditure control· Use the present and traditional approaches of cost accounting in different contexts· Apply the cost and management accounting techniques and evaluate the desired results in the light of the outcomes· Establishing cost standards, direct material standards, direct labour and overheads standards · Computation of cost and sales variances· Reconcile standard profit and actual profit using absorption and marginal costing system· Interpretation of variances, interrelationship significance, planning and operational variances· Preparation of Budget: administration and stages in the budgeting process, Functional Budgets, projected income statement, balance sheet, cash budget.· Budget variances and their causes, responsibility centers and budgeting, behavioral implications of budgeting and budgetary control· Monitoring inventory control system · Prepare month end adjustments regarding closing variances· Resolve accounting and costing discrepancies· Accruals of leave salary, severance pay and ticket entitlement as per UAE labour law· Reconcile supplier accounts on monthly basis to ensure that our record match with the suppliers’ balances· Monitor and review accounting and related system reports for accuracy and completeness
· Bank Reconciliation· Preparation of monthly Financial statements· Managing day to day processing of accounts receivable and payable producing reports as requested· Annual organizational budget and monitoring cash flow· Ensure that Accounting Department requests are resolved and communicated in a timely manner to internal and external parties· All functional arrangements in or outside office
· Budgeting and forecasting with periodical controls, variance analysis, management reporting and ensuring compliance · Financial management · Monitoring invoicing, payment and recovery· Liaison with banks and handling all banking matters · Preparation and submission of different reports as per SECP and statutory requirement
· Worked as Accounts Officer· Handling accounts, reconciliation · Purchase order, Payment collection & Follow-up and maintain the credit policies · Payments - Cash payments, daily wages and petty cash expenses (TA/DA, Vehicle bills)· Prepare daily activity report· Head office daily vouchers (HCV’s, HBV’s)· Valuation of closing stock · Audit Details· Preparation of Banks & Payable Leger
· Handling petty cash and look after office maintenance· Airlines booking and hotel reservation processing· Also make statement of utility bills· Handling and managing all administrative affairs· Maintenance of attendance, payroll requests· Correspondence with head office· File maintenance, drafting letters
i have professional 2 years diploma in cost and management accountancy, CMA(Inter)
Operational Research is the management research of all operations basically its deals with how to cut our cost and maximize our profit.