Head of Accounts
Group for Wooden Industries
Total years of experience :16 years, 9 Months
Responsible for handling a team of 8 staff consisting Accountants, Inventory control, HR and Admin while my reporting level were Finance Manager, GM and Group CFO.
- Monthly, Quarterly repeorting to the Group Finance Department and interim financials submitted to the Board.
Prepare effective annual budget for the company with detail analysis, requirements & have complete justifications from each division and concepts.
• Maintain strong budgetary controls through variance analysis between budget and actual expense and highlight the key heads where actions are required.
• Carry out periodical key financial ratios with leading indicators and suggestions for necessary action plan.
• Coordinate with business divisions for active participation in new project analysis and feasibility study.
•Work In Progress Estimation and Reporting
•Projection of cost to go and cost escalation.
•Close out project accounts upon project completion.
•Partially contribute towards the Tender Committee in preparing pre-qualification documents, verification of BOQ and due diligence.
•Review of client and Sub contractor Contract Documents
•Preparation of necessary documents in co-ordination with the project team for extension of time claims (EOT).
•Reconciliation of all Bank Accounts. & submit the reconciliation report to the Management.
•Issuing the Debit note and Credit Note for the Inter company Expenditure on monthly Basis
•Closely participated in the preparation of Annual budget 2014-15 along with the senior.
•Handling the Liquid petty Cash for the Daily Operation.
•Recording all purchases and invoices to the systems.
•Preparation of Payments for the suppliers in due time.
•Direct and Overhead cost Allocation
•Preparation of Payroll and staff benefits
- Supplier Payments & reconciliation
- Payroll preparation and staff benefits
- Weekly Bank Reconciliation
Payments to Supplier & Bank reconciliation.
• Costing and Variance Analysis
• Preparation and Approving Quotations
• Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.
• Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.
• Prepare and review the budget, revenue, expense, invoices, and other accounting documents.
• Analyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control.
• Explain billing invoices and accounting policies to staff, vendors, and clients.
• Resolve accounting discrepancies.
• Recommend, develop and maintain financial databases, computer software systems and manual filing systems.
• Supervise the input and handling of financial data and reports for the company's automated financial systems.
• Preliminary planning of audit with the participation of Manager and Partner.
• Attending to planning meetings with clients, understanding and discussing the client business process, key reporting requirements, delivery needs and objectives.
• Discussion of audit strategy and communications of deadlines and knowledge of business to team members.
• Coordination of team members and preparation of details audit work plan for the team.
• Reviewing the team members’ works in all areas of audit.
• Coordinating with ISAAS department on the review of computer systems, relevant controls and their audit implications.
• Preparation of Recommendations to Management on the key weaknesses identified during the audit giving value ideas to client.
• Preparation of Financial Statements including Consolidated Financial Statements.
• Gaining an understanding of the client business and the industry.
• Discussing with the Senior Management of the Company, changes and other influencing factors on the business and industry, and establishing clients’ needs and requirements.
• Evaluating the clients’ financial statements and performing ARP’s and ratio analysis to gain a better understanding of the business trends.
• Identifying significant areas of auditing and accounting, and relating them to the audit approach and significant accounts.
• Assessment of Control environment of the organization in all areas.
• Preparation of the Audit Strategies Memorandum, computing Planning Materiality and Tolerable errors at a preliminary level.
• Performing required tests of controls and substantive procedures on Significant Accounts.
• Preparing and updating of audit programs for audit team.
• Communicating deadlines, staff requirements, reporting requirements, to the audit team and superiors.
• Preparation of financial statements, cash flow statements, and notes to financial statements.
• Drafting required audit opinions based on conclusions reached.
• Preparation of Summary Review Memorandum and assessing overall audit conclusions, quantification of Summary of Audit Differences (SAD) and concluding on the Summary of Audit Differences based on the evaluation of Materiality of Audit Differences.
• Independent computation of taxation.
Carried out a Thesis as the final submission on the topic "how Balanced Scorecard can be implemented in Construction Projects"
Cost Managment Risk & Control Business Strategy Financial Accounting & Tax