Accounts Supervisor
Al Barakah Holding
Total years of experience :13 years, 1 Months
Analyze financial statements to ensure their accuracy and compliance with generally accepted
accounting principles.
Understanding the project requirements and creating budgets and financial reports.
Generating, updating, and maintaining reports on income, expenditure, and financial transactions for
each project.
Keeping a record of project expenses, contracts, and other accounting data and maintaining a
project growth report for the management.
Meets accounting operational standards by contributing financial information to strategic plans and
reviews, resolving problems, and identifying system improvements.
Overseeing the transfer of funds to various vendors and suppliers. and maintains cash flow by
monitoring bank balances and cash requirements, and resource planning.
Reviewing and granting funds for various projects and approving cash disbursements by verifying
check amounts against invoices and authorizing checks and wire transfers.
Supervises staff accountants and clerical staff to assure that the department accomplishes
accounting objectives by selecting, onboarding, assigning, managing, and mentoring employees.
Approves ledger entries through transaction auditing, finding potential cash flow issues and financial
irregularities. Providing regular financial updates to management Assuring that the company
complies with applicable accounting legislation.
Accurately preparing tax returns monthly and ensuring that company taxes are paid in a timely
manner.
•review and verify invoices and check requests
•sort, code and match invoices
•set invoices up for payment
•enter and upload invoices into system
•track expenses and process expense reports
•prepare and process electronic transfers and payments
•prepare and perform check runs
•post transactions to journals, ledgers and other records
•reconcile accounts payable transactions
•prepare analysis of accounts
•monitor accounts to ensure payments are up to date
•research and resolve invoice discrepancies and issues
•maintain vendor files
•correspond with vendors and respond to inquiries
•produce monthly reports
•assist with month end closing
•provide supporting documentation for audits
Prepare monthly financial statements, reports and records by collecting, analyzing and summarizing account information. Responsible for general ledger. Fixed asset processing and reporting. Maintain bank accounts by requesting disbursements. Monitor reserve accounts and short-term fund investments. Review bank statements. Research and reconcile all discrepancies. Auditing and verifying documents. Following internal controls. Completing data backups. Financial and profitability analysis on a requested basis.
Verify, allocate, post and reconcile transactions
Produce error-free accounting reports and present their results
Analyse financial information and summarise financial status
Provide technical support and advice on management
Review and recommend modifications to accounting systems and procedures
Participate in financial standards setting and in forecast process
Provide input into department’s goal setting process
Prepare financial statements and produce budget according to schedule
Direct internal and external audits to ensure compliance
Plan, assign and review staff’s work
Support month-end and year-end close process
Develop and document business processes and accounting policies to maintain and strengthen internal controls
Skills
Proven senior accounting experience
Thorough knowledge of basic accounting procedures and principles
Awareness of business trends
Experience with creating financial statements
Experience with general ledger functions and the month-end/year end close process
Excellent accounting software user and administration skills
Accuracy and attention to detail
Aptitude for numbers and quantitative skills
a. Successful completion of allotted tasks during reviews for RAK UAE and its subsidiaries all across the globe. Visited and conducted audit reviews for RAK Ceramics China, RAK Ceramics Iran and RAK Ceramics India.
b. Successfully, accurately and efficiently carried out the tasks given by Team Leads during the conduct of Internal Control Reviews.
c. Individually handled out the annual review for RAK Chimica and Al Jazeera Utility Services, both subsidiaries of RAK UAE.
d. Successfully completed an assignment on inventory management, logistics and security divisions of RAK UAE.
e. Conducting Data Extractions and Data Analytics and updating key areas of concern and red flags to the team leads and reporting managers. Obtaining documentations during field work and obtaining adequate audit evidence in support of the Audit Observations and Assertions made in the Audit Reports.
f. Maintaining Audit File with completeness and ensuring quick retrieval.
g. Supporting the Team Lead in increasing efficiency of audit review by contributing to discussions and development of work programs and by maintaining timelines.
h. Management mandates and special reviews-100% completion of the allotted tasks by the Reporting Manager or CCO. Supporting in preparation of Corporate Governance Principles with guidance’s.
i. Rollout of new corporate governance measures and strengthening of existing practices.
j. Involvement in SAP implementation in RAK Porcelain and RAK India and perhaps also in RAK Bangladesh.
Worked as an audit and accounts assistant with T. Krishnamurthy associates (audit firm) which is established at Chennai, India since March 2012 till August 2013.
Employment Summary
• Preparation of Final Statements i.e., Trial Balance, Profit and Loss Account, Balance Sheet and the accompanying schedules.
• Posting day to day transactions in Tally.
• Scrutiny of various ledgers i.e. Cash Book, Bank Book, Journal and BRS.
• Cash and bank Vouching, Purchase and Sales Ledgers.
• Checking of fixed assets registers and depreciation there on.
• Checking the applicability of the accounting standards and companies act provisions.
• Physical verification of cash, security items and related records.
• Making and filing of returns for corporate, trusts and non-corporate clients.
• Auditing of Bank Reconciliation Statements.
• Internal Audits
• Verification of day to day accounts.
• Handling banking transactions.
• Daily updating company’s Accounts Receivables
• Handling sales tax, Service tax & Central Excise.
• Computation of Service tax, Sales tax payable/ receivable.
• Preparation of TDS / Profession tax/ Advance tax cheques.
• Preparation of sales invoice.
• Supervising the warehouse activities, Stock position.
• Preparing Overdue Receivables Statement & informing to Management.
• Daily updating & sending Bank Balance Vs. Book Balance to Management
• Accounting of vouchers (Bank, Cash, Journal Vouchers, Payment, Expenses)
• Checking of Receipts & Payment Vouchers /Expense Vouchers/Petty Cash vouchers (Authenticating, Checking with supporting documents, validating & Approving
Worked as a Junior Accountant in this organization, a leading player in the construction and real estate market in Chennai, India with an investment of 40 million U.S dollars and I was responsible for handling the following:
• Preparing and entering Day To day Transactions in Tally
• Maintaining all books of Accounts.
• Preparing and maintaining statutory books of accounts i.e. journal, ledger, cash book in compliance with time & accuracy norms.
• Managing receivables such as reconciliation of receivables follow up collections etc.
• Preparing bank reconciliation statements.
• Preparing creditors reconciliation statements.
• Making Age Payables & Receivables Analysis.
• Maintaining records of Capital Advance Work in Progress of Land & Building
• To pass provision entries to prepare trail balance.
• Maintaining of Petty cash.
• Coordination with sales and making follow up for payments.
• Internal Audits
• Coordination with technical & Management departments
An Executive Program On Strategic Financial Management for experienced professionals.