Financial Analyst_Fixed Assets
Etisalat Misr
Total years of experience :19 years, 9 Months
- To ensure the accounting treatment related to Fixed Assets is consistent with Group policy and International Financial Reporting Standards (IFRS)
- Support in preparation of the quarterly and annual reporting requirements e.g. quarterly commitment reports, Taxation report, annual Fixed Assets Reports…etc
- Develop financial models and Perform complex account reconciliations with its associated analysis
- Work comfortably with the Company's application (ERP) to extract, validate and reconcile actual data.
- Adhere to reporting agenda and ensure meeting all deadlines
- Leads and performs a variety of operational accounting duties: e.g., calculating account entries; reconciling and analyzing changes in account balances and verifying and authorizing accounting documents and transactions; and determining proper accounting treatment
- Assists organizations in responding to audit recommendations and implementing corrective action.
- Provide assurance on validity, accuracy and completeness of the Fixed Assets General Ledger (GL)
- Accountability for Property, Plant & Equipment (PP&E) & Fixed Asset Accounting and Processes, which includes Capital Expenditure, Capitalisations, Disposals, Verification, IFRS and Group Reporting
- Participate in update accounting policies & procedures and control system to match current business needs.
- Review new CAPEX commitments (LOI, Contract, PO, LOA, etc...) related to Fixed Assets.
- Ensure proper reconciliation between fixed assets register and main ledger and perform any necessary account reconciliation to maintain updated records.
- Ensure meeting monthly closing and fixed assets reports deadline.
- Ensure that closing entries in the financial statement has been timely posted and underlying computations has been properly reviewed including depreciation, amortization and additions for tangible and intangible assets.
- Tracking, registering and controlling all CAPEX commitments.
- Review monthly Accrual for technical sites, Expansions and core sites integrated according to the data received from Technical department.
- Review monthly Accrual for fixed assets accounts according to the percent of completion received from different departments.
- Review monthly Reconciliation with Insurance dept. to ensure that all Fixed Assets under insurance coverage.
- Work closely with Project Management and Finance to capitalize WIP accounts once the related projects have been completed.
- Preparing and updating CIP aging report.
- Prepare and maintain balance sheet and income statement reconciliations.
- Review and validate detailed backup related to Fixed Assets division with full details reflecting ledger figures on a monthly basis.
- Settlement the Advances CAPEX on monthly basis to ensure that all AP invoices related to this advance offset are accurate.
- Conduct assets retirement obligations process with calculation the gain or loss for those items received from different departments.
- Participate in periodic fixed assets physical counts, and reconcile with our books.
- Conduct calculation of capitalized interest on monthly basis.
- Provide financial support to analyze alternatives for new contracts and tenders to determine best economic options
- Participate in establish new automated projects related to fixed assets to enhance the efficiency and the accuracy of fixed assets role.
- Handle requirements requested by Internal & External Auditors taxation and management.
- Responsible for preparing and updating accountancy books, timely submitting financial reports, according to group's policies and procedures.
- Performs general accounting activities requiring gathering, entering, analyzing, and reporting on financial transaction to ensure the accuracy and the effectiveness of records
- Manage and resolve settlement issues and problems.
Responsible for clearing account and settlement transactions for local shares and GDR’s.
- Review daily reports on balances for banks, record periodic bank interest amount.
- Review daily, weekly and monthly Capital Adequacy Report and send it to Stock exchange and Capital Market Authority.
- Reviews the cash flow reports and conducts required analysis to ensure accuracy and minimization of financial risk
- Create and maintain fruitful relationships with the banks.
- Maintain and optimize use of e-banking systems.
- Coordinating daily flow of work with banks and resolving problems.
- Negotiating best FX and interest rates with banks.
Handling monthly bank reconciliation vs. books.
- Monitor customer balances.
Maintain schedules pertaining to prepayments, deposits, and post dated cheques.
Monthly Preparation of accruals and prepayments.
- Monthly control fixed asset spending and upkeep the fixed asset register.
- Monitors the performance of the revenues from operations
- Participates in the development of the accounting objectives and risk policies and transactions
- Present to financial manager the monthly financial statements and capital Adequacy Reports.
- Supervises the work of other accountants and provides advice whenever required to ensure that the work conducted is accurate.
- Communicates regularly with internal and external auditors to ensure the accurate information is provided and alignment with the internal audit policies
- Provides support and coordinates with accounts departments at the subsidiaries
- Perform other duties as assigned by the financial Manger.
-Processing deposits, withdrawals and cheques.
-Maintaining high client satisfaction ratings through successful working relationships with clients.
-Respond to customer's requests & complaints, and handle with the concerned sectors.
-Follow up with clients and ensuring timely collection of debit balances.
-Coordinating daily flow of work with banks and resolving problems.
-Responsible for any financial issues of the branch.
-Perform other duties as assigned by the branch Manager.
-Prepare the daily Food & Beverage revenue sheet.
-Ensure that all charges are posted properly.
-Input all the data into the system and produce the reports.
-Prepare the night audit sheet.
-Work closely with the Income Auditor and assists him when requested.