Senior Accountant
Ghantoot Transport & General Contracting L.L.C.
Total des années d'expérience :17 years, 4 Mois
Highlights:
Implemented QuickBooks for sites office to manage site costs and inventory with bin location.
I suggested if we invest in buying some fleet which we usually hire on a rental basis, we can save approximately AED 5 million in a year. After my suggestion, the management has decided to invest in buying the suggested fleets.
Prepared a benchmark report comparing the controllable cost of the old fleet with relatively new fleets. As per my calculation and presentation, the relatively new equipment controllable cost is 8% of revenue generated while the old equipment same cost is more than 30% of revenue generated. My suggestion was to replace some of the old equipment with new or 2nd hand good condition equipment.
Key Responsibilities:
Manage effectively supplier’s payments and Accounts Payable account, Review and approve all journal entries and payment vouchers to ensure proper coding and accounting direction and proper documentation, as well as adherence to the company policies and procedures.
Monthly P&L reviews with a clear understanding of factors responsible for PL performances, monitor results vs forecasts and recommend corrective actions where required.
Ensure that all the Bank Loan accounts, short term loan, Overdraft, TR, LCs are recorded and being accurately reconciled at all time.
Ensure correct allocation of expense type, project code, and GL account code were entered and cost allocated is budgeted.
Monitoring, reviewing and managing control procedures overall revenue and expenditure
Review all petty cash reimbursements for proper documentation and to ensure adherence to petty cash policies and procedures.
Supervision of daily banking activities and Ensure compliance with group guidelines. Preparing Bank reconciliations for bank accounts and cash flow on monthly basis
Preparing monthly expenses accruals for contract maintain a control sheet for all prepaid expenses and prepare the journal entries for the monthly amortization of prepaid expenses to the respective cost centers.
Allocation of fixed assets depreciation to projects based on the monthly reports for the actual use of fixed asset.
Preparing financial statements with schedule quarterly basis. Support Auditor in conducting internal and external audits.
General Ledger Reconciliation-Responsible for monthly reconciliation of Balance Sheet accounts
Recording projects billings to ensure right directions for down payments deductions, retentions and receivables.
Highlights:
Successfully resolve the external auditor audit qualification by completing inventory capitalization working for 20 sub offices.
I have suggested a mechanism for inventory management and capitalization.
Helped the finance team in preparation of consolidation financial statements.
Key Responsibilities:
Verified that company controls were in compliance with established policies by auditing patients list, medicines stock, and warehouses.
Supported management through risk identification, control testing, and process improvement procedures.
Directed and educated junior team members on auditing techniques and software.
Supervised and coordinated projects for external auditors and examiner evaluations.
Reported internal control issues to management and supplied comprehensive recommendations to mitigate the associated risks.
Systematically prepared documents and assembled financial statements for independent auditors.
Communicated audit results to upper management through written reports and oral presentations.
Involved in financial reporting and compliance. Compiling reports of audit results to senior managers.
Coordination with external auditor (KPMG).
Stock take and reconciling fixed assets with fixed assets register.
Highlights:
Fulfill all the requirements of the external auditor and successfully conducted 4 years’ audit
Reconciled 8 bank accounts for past 4 years.
Implemented QuickBooks in the organization for better reporting and bookkeeping.
Key Responsibilities:
Supervising and leading the finance department.
Provide management report regarding quantitative analysis and variance report of BOQ (estimates) vs actual quantity used in the construction project
Preparation of financial statements and monthly reporting.
Preparing annual budget and forecasts.
Ensuring compliance with organization manuals and local laws.
• Team leader of Audit team for Mangla Dam Raising project by China International Water & Electric Corporation worth $240 million.
• Review financial statement of Peshawar Electric Supply Company (PESCO)
• Team leader for Mohmand Construction (pvt) Limited.
• Supervision and finalization of internal/ external audits assignments and report.
• Facilitating clients in preparing financial statements according to the requirements of IAS.
• Preparing and analyzing budgets and variances,
• Evaluating and developing accounting and internal control systems.
Financial Reporting, management accounting, auditing etc