Senior Accountant
KTC International LLC
Total years of experience :9 years, 1 Months
✓ Reconciliations accounts and ensuring effective migration of data from Tally to FACTS ERP.
✓ Checking and verifying the costing of the projects according to its contracts and taking them in the FACTS ERP according to its cost centers.
✓ Managing a team of accountants and instructing their duties. Ensuring the correctness of data entry by checking the daily working of the accountants.
✓ Project accounting & MIS reporting for construction contracts and ensuring their accounting according to IAS & IFRS.
✓ Coordinating to process the LCs, TR and Bank Guarantees.
✓ Supervision & verifications of expenses and vendors. Making payment plan on weekly basis.
✓ Monitoring, developing & implementation of accounting policies & procedures, such as Petty Cash, Invoice booking, analysis etc.
✓ Ensuring effectiveness of invoicing procedure related to advances, retention and other.
✓ Compiling the data of accounts and making the monthly closing sheets and preparation of financial reports.
✓ Implementation of VAT procedures in FACTS and keeping an eye to ensure the corrective calculations for quarterly returns.
✓ Preparation of monthly closing and financial statements for Dubai office.
✓ Coordination with Netherlands head office for financial reporting.
✓ Preparation and Analysis of MIS reporting for Dubai Office
✓ Follow up on requests from clients on sending SOA, invoices, POD’s and other documents.
✓ Taking the lead in weekly Accounts receivables meetings, reviewing the status of all aged receivables and involving sales managers.
✓ Dealing the process of LC (Letter of credit) with bank.
✓ Verifying the payroll according to WPS law of UAE.
✓ Preparation and processing of weekly & monthly payment plans.
✓ Reconciliations of the bank, Suppliers & Receivables.
✓ In charge of ensuring accurate, weekly, monthly and quarterly reporting of A/R balances & payable A/c.
✓ Cleaning up of master data in the system EXACT ERP software for clients, products and other details to ensure an efficient and effective order to Cash process and solving the issues related to sales invoicing.
✓ Verifying the insurance policies of the business for all types including medical insurance of the employees.
✓ Coordinating with HR regarding Visa processing, staffing etc.
✓ Analyzing and reporting related to financial and accounting activities in F&B, Retail and Property and Construction industry.
✓ Preparing monthly & yearly financial statements / reports as per IAS & IFRS.
✓ MIS reporting regarding the sales and purchase for retail and F&B divisions.
✓ Making the feasibility studies for opening new branches.
✓ Working Capital Management & Cash flow reporting.
✓ Preparing yearly budgets and variance analysis against actual revenue and expenditures.
✓ Ensuring effective control over Import, receivables & payables functions of the business.
✓ Verifying and processing the payroll & commissions.
✓ Looking of Purchase procedure & Inventory.
✓ Dealing with all types of Insurance Policies.
✓ Annual Audit Finalization & compliance with auditors.
✓ VAT working & return quarterly filing.
✓ Dealing with Preparation, renewals & claims of the insurance policies regarding Fixed & current assets.
✓ Reconciliation of the Debtors, Creditors and Banks & Financing accounts with stocks.
✓ Supervise all the daily Bank and Cash payments/receipts of the creditors/debtors after verifying the tax working.
✓ Recording & Correspondence with Sales tax Invoices, also maintain them for monthly Sales Tax Return.
✓ Closing of accounts on monthly basis (LC, s, Depreciation, Sub offices expenses, Reconciliation of sister concern companies, Valuation & verification of closing stock.
✓ Preparation of monthly closing for financial reporting.
✓ Ensuring control over financial process & efficient running of the accounting software.
✓ Ensuring effective control over receivables & payables functions of the business.
BSc Hons in Applied Accounting
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