SENIOR ACCOUNTANT
ARABIA INSURANCE COOPERATIVE COMPANY (RIYADH)
مجموع سنوات الخبرة :17 years, 9 أشهر
MAIN FUNCTIONS:
Receive and reviews all accounting and supporting documents related to his function prepares the appropriate vouchers for posting to accounting record and generates trial balances and other financial reports & supervises and follows-up the accountant’s works and respond to any question raised by them.
DUTIES & RESPONSIBILITIES:
Follow up of company investments (Term deposits, equities, money markets) in negotiating with the investments houses before time of maturity to determine the new investments conditions.
Preparing of monthly valuation of investment portfolios (Money markets, Equities …) in the Saudi and international markets.
Preparation & valuation of WHT & submitted to tax & zakat Department.
Coordination with reinsurance department, analyzing & distribution of shares & treaties and closing of accounts.
Upon receipt of the invoices from the suppliers make necessary entries for accounting transaction and process for the payment.
Basing on the monthly invoices received, we prepared the expenditure budget for the monthly payment.
Preparing Cash Flow and Fund Flow Statement, Handling & Monitoring bank & cash & follow up of Bankers upon Incoming & outgoing payments, ensure that sufficient balances for payments such as Supplier, Employees Payroll, Claims and other payments. and report to management.
Preparing monthly bank reconciliation statement for various banks to check the status of outstanding receivables and payments of funds. Prepare final report for management.
Preparing Trial Balance, and Balance Sheet, on Quaterly and yearly for closing the accounting.
Preparing monthly payroll of the employees. Under supervision of Accounting & Financial Managers.
Respond to Inter audit office members to all question raised and investigations performed by them and Respond to external auditors request and provides them with all the means necessary to undertake their job.
Prepares formal and informal correspondence with the suppliers and banks. Giving necessary feedback.
Computing Environment: AIMS.
Compiles and analyzes financial information to prepare chart of Accounts and entries to accounts, such as general ledger accounts, Preparation of various accounting input & output documents like: -
• Preparing Accounts Payable Voucher. Account Receivable Voucher. Cash Receipt voucher. Bank Receipt Voucher. Bank Payment Voucher. Cash Payment Voucher, Cheque printing, Debit & Credit Notes .
• Distributes expenditures, encumbrances, receipts, and receivables according to schedules.
• Performs statistical analyses to determine trends, estimates, and significant changes, and writes narrative reports explaining findings.
• Audits vouchers, and prepares reports to substantiate individual transactions prior to settlement.
• Determines proper handling of financial transactions and approves transactions within designated limits.
• Monitors compliance with generally accepted accounting principles and company procedures.
• Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
• Installs, modifies, documents, and coordinates implementation of accounting systems and accounting control
• Procedures.
• Devises and implements system for general accounting.
• Makes recommendations regarding the accounting of reserves, assets, and expenditures.
• Conducts studies and submits recommendations for improving the organization's accounting operation & etc..
Apply principles of accounting to Compiles and analyzes financial information to prepare entries to accounts, such as
general ledger accounts, Preparation of various accounting input documents like: -
Cash Receipt voucher, Bank Payment Voucher & Cash Payment Voucher like Petty Cash Expenses and Reimbursement Billing.
• Produce all regularly scheduled reports accessing data on various platforms.
• Underwriting, Analysis, and Updating life insurance policy.
• Provide adhoc information reporting as requested by different business areas in the Life insurance Policies.
• Providing the standard solutions to customer as per their requirement.
• Doing Corporate Planning - Quarterly, half yearly and year-end reporting.
• Updating the records of inter-company transactions.
• Communicating and Coordinating with subordinate, colleague and Top Management.
MASTER OF BUSINESS ADMINISTRATION
POST GRADUATE DIPLOMA IN COMPUTER EDUCATION (PGDCA)
BACHELOR OF COMMERCE