Sr. Accountant
Apparel Production & E-Commerce Co. Kuwait
Total years of experience :22 years, 10 Months
Presently working with a Fashion business group,
Responsibility is handling the Finance department of the Company- Keeping account books and systems up to date, handling the company's day to day financial activities-arrange payments, prepare payroll, verify invoices and obtain approval for payments, manage the company's cash flow, Reporting to the management with daily reports, Finalization of Accounts, prepare Balance Sheet, P&L of the Company. Reporting to the Auditor of the Company.
1.Perform financial analysis and reporting to management as needed.
2.Perform month-end accounting activities such as reconciliations and journal entries
3.Coordinate with finance team to complete assigned accounting tasks within deadlines.
4.Evaluate computerized accounting systems and provide recommendations to IT team for performance improvements.
5.Generate financial reports and statements to Managers for review.
6.Analyze financial discrepancies and recommend effective resolutions
7.Monitor expenditures, analyze revenues and determine budget variances and report the same to management.
8.Respond to accounting inquiries from management in a timely fashion
9.Provide guidance to other Accountants when needed.
10.Assist in budget preparation and expense management activities for assigned accounts
11.Assist in auditing activities by providing necessary information and preparing requested documentations
12.Monitor and record financial transactions according to company policies and regulations.
13.Prepare Income Statement & Balance Sheet
1. Involved in the monthly account closing process of the Company engaged in the operation of Logistic and Transportation using Unisoft ERP Accouting software
2. Prepare Balance sheet
3. Prepare Income statement on monthly basis
4. Reporting to the Finance Manager
5. Asset Management of the Co. worth KWD 5 Million using Unisoft Accounting software and generate depreciation.
6. Coordinate with finance team to complete assigned accounting tasks.
7. Supervise, examine and analyze accounting records, financial statements, or other financial reports to assess accuracy
8. Supervise, and reconcile sub ledger reports on a monthly basis in addition to creating the final trial balance
9. Supervise, Update and maintain the general ledger and chart of accounts to reflect the transaction activities of Group.
10. Assist external auditors in ensuring that audits are completed timely by the year-end through collaborating sufficiently and providing the necessary data
1. Company : Saud Al Rashed Sons Group
Period : June 2007 - 2014
Position : Finance controller
Job description:-
Manage the Finance department of the Co.
Responsible of Accounts for Investment Property, Investment Available for sale(Un Quoted) & trading (Quoted) and Investment in Associate.
Accounting for Fair value adjustment, Share results of associate, property valuation, Depreciation, Leave salary provision, End of service benefit provision, Other accruals, prepayments etc.
Prepare Cash flow projection, budget and report budget variances.
Accounting up to finalization as per IFRS, Liaising with auditors
Control Accounts & Finance department alone and report to CFO or Director
Extensive knowledge of investment accounting systems and procedures
Ability to generate and implement effective accounting procedures
Quick learner with effective organizational skills
Responsible for supporting investment operations by making comparison of general ledger balances with assets management schedules
Handles the tasks of preparing annual and monthly statement investment schedule
Responsibilities for monitoring and preparing functional areas of accounts payable, accounts receivable, payroll, cash receipts, cash reimbursement and general ledger as assigned by the finance manager.
Prepare Expense & Income analysis report, meeting report to the management of rent collection, outstanding & legal.
Follow up property manager (Cluttons-Sharjah) & KMEFIC investment portfolio and Manage investment property in Kuwait.
Manage bank facility, monitoring bank transaction. prepare bank reconciliation on monthly basis & bank transfer letters etc
Ensure the accuracy and timelines of all accounting data recorded through collection and verification of supporting documentation and coding of charges to proper cost codes
Ensure all disbursements are properly supported and approved in accordance with company policies & Procedures.
Managing accounts payable processing for the project
Control Personnel file & Prepare monthly payroll, Leave salary
Prepare balance sheet and profit & loss account and assist F.C to do the annual audit.
(1)Construction Accounting - Make payment asper the payment certificate after considering addition, deduction, advance payment, retention and previous payment. (2) Register incoming invoices, authorise for payment, prepare cheques for signature, (3) Maintain accurate accounting ledgers (4) Preparation of petty cash statement using source document such as bills, invoices etc (5)Preparation and tabulation of income statement asper receipt voucher (6) Preparation of daily wise income report & send to the Top Managment & BOD.Preparation of Monthly bank reconciliation statement etc
Verification of daybook, journal register, cash book, purchase register, slaes register, Inventory register, payroll register with source document such as bills, invoices, cash memos etc.Taking TB, checking opening & closing balances, preparation of P&L Account and Balance Sheet.Consolidation etc.
