Accounting Manager
Saudi Masterbaker Ltd
Total des années d'expérience :25 years, 6 Mois
Role;
o Establish Internal Controls, prepare Financial Statements, and manage day-to-day accounting functions including Finalization of Accounts, MIS Reports, Internal Auditing, Cost Accounting, Cash Flow Management, Accounts Reconciliation, Short-term Loans, and Structured Investments.
o Preparation of Internal Audit Manual as per IIA Standards, Audit Program, Audit Objective & scope in IA vertical and prepare monthly Balance sheet, MIS and Debtors / Creditors Management and Inventory control.
o Maintain good relationships with banks, Auditors, customers, vendors, and other external agencies.
o Ensures financial records remain accurate while meeting reporting deadlines and establishing internal controls and guidelines for preparing transactions that comply with generally accepted accounting principles (GAAP).
o Tracks manufacturing/production costs, materials used, and inventory levels to arrive at better decisions about when to buy materials and sell products.
o supervising accounting departments (planning and directing the accounting activities of the department), preparing reports for company leads, and developing standards and processes for proper financial management.
o Responsible for tax planning throughout the fiscal year; files annual corporate tax return.
o Periodical Stock verification at regular intervals and stock valuation.
o Set up and oversee the company’s finance IT system
o Recruits and hires accounting and financial staff and conducts performance evaluations.
o Coordinates training programs for new staff and identifies training needs for current staff.
Highlights;
o Identified the root cause of wrong Bank a/c transfers to external parties before my tenure and implemented internal control.
o Automated, sharing payment transfers to vendors that saved 2 hours in a day.
o Recommended full automation for the P2P process
o In the process of synchronizing ERP vs Online bank for B2B & Virtual Accounts.
o 2023, Established Record Management System (RMS) and design process flow and saved stationery cost.
Role;
o Analysis of variances (Actual vs. plan/Forecast) in P&L and B.S and other statistical data (Head Count, Job Count, etc) globally (Consolidate) using reporting tool HFM (Hyperion Financial Management)
o Preparation of Group Consolidated Financial Statement in compliance with IFRS with time and accuracy
o Resolving Intercompany breakage globally (147 entities) especially in the Middle East and Africa (MEA) & Asia Pacific (ASP) regions
o Perform Credit Analysis role for the Asia Pacific region on analyzing overall AR aging and implement control mechanisms by coordinating with country Chief Financial Officers (CFOs).
o Handled all kinds of accounting transactions for Freight Forwarding, Project Logistics, Contract Logistics, and Fair & Events Departments.
o Ensure accurate and smooth month-end closing under stringent deadlines.
o Prepare month-end accrual entries and journal entries as well as revenue recognition monthly/quarterly.
o Ensure all collection and payments are allocated promptly and develop, and maintain effective business relations with customers.
o Conducted regular meetings at prior intervals for credit meetings.
o Interacted with clients directly and resolved old issues and collected bad debt and 120 days overdue.
o Interacted with IT dept and customized AR module which was assigned globally.
o Authentication of Petty Cash and allocation of funds for petty cash requirements.
o Authentication of payments to vendors after analyzing the job by ensuring that the job has generated profit.
o As Accounts Payable Manager, Hired, Trained, motivated, and evaluated accounts payable staff members.
o Outsourced accounts payable activity to Captive back office and assessed the performance of the 4-member team.
o Ensures timely payments of Vendor Invoices and expense vouchers and maintains accurate records, control reports, applicable accounting reports, and accounts payable register to ensure accuracy.
o Identify any time-consuming bottlenecks and recommend improvement processes.
o Prepared audit schedules and resolved audit issues identified by external auditors.
o Reconciled fixed asset subsidiary ledgers to the GL monthly & resolved any resulting discrepancy discovered.
o Ensure that all inventory transfers in FA are appropriately accounted
o Ensure payments are allocated on time to facilitate Bank Reconciliation.
o Maintenance of Fixed Assets register - Work involves Additions, Retirement & Transfers, Reconciliation with GL, Calculation of depreciation, and block of assets.
o Supervised monthly Reconciliation of Inter-company and international Agents transactions and Bank accounts.
o Prepare cash flow statements and Presentation of MIS Reports to the Management.
o Interact with the receivables department for fund inflow by keeping track of the Customer's Credit limit.
o To ensure that the right materials and services are procured from the right vendors at the right time and optimum price, through the application of fundamentally prudent purchasing practices.
Highlights;
o Awarded as Extra Miler - Lead Award in Apr’13 for outstanding performance and initiative
o On the I4E (Idea for Excellence) program, the idea given on simplification of the process saved 415hrs P.a is selected as the top 3
o Launched HIP (High Impact Project) on clearing historical breakages and 100% achieved
o Conferred with Cash Prize for the best performance for 1st Quarter 2008.
o The debtor’s collection period is brought down from 65 days to 45 days.
o Resolved debtor’s old issues and efficiently collected bad debts and succeeded in collecting 120 days overdue.
o Successfully logged a dedicated team to clear the backlogs.
o Customisation with IT on AR Module -Automated Client report and computerized receipt print.
o 2020 Successfully implemented online Vendor Invoice Payment Process- VIPP for approval and payment that benefits the company to ease the approval process on time and establish better control.
Role;
o Preparation of monthly Profit & Loss Accounts and Financial Accounts.
o Presentation of MIS Reports to the Management.
o Periodical Stock verification at regular intervals and stock valuation.
o Verifying Day-to-day operations of Company Accounts.
o Reconciliation of Bank statements, Debtors, Shops & Divisional Accounts, Inter Company &HO accounts etc.
o Supported Regional team for Budget preparation by having a loop of communication with Sales Managers.
Highlights;
o Position held as Acting Regional Accountant
o Identified shortfall of stocks (Gold & Diamond) and duly reported to management.
o Rated as a good performer for clearing the backlogs and action taken for completing un-reconciled items for more than a year.
o Personally implemented File management and ensured better stationery control.
Role;
o Verification of group of company accounts (inclusive of cash and stock) and reporting to the management.
o Preparation of Final accounts and personally liable for completing all tax documents for statutory auditing purpose.
o Finalization of VAT, NSSF & PAYE and submitting reports to Uganda Revenue Authority.
o Supervised Reconciliation of International Debtors, Import documents, Creditors and Bank statements (LC and Forex accounts).
Highlights;
o Appreciation from Director for identifying fraud during auditing at store (W/H) and implemented Internal Controls for necessary checks
o Regularized stores accounting and stock maintenance.
o Lead Accounts Receivables department and advised for Cr. Memo whenever necessary.
o Monitored Fund flow activities.
o Rated commendable in Internal Audit.
Role;
o Analysis of Day-to-day activities and supervise sub-ordinates for their corrective measures.
o Personally responsible for completing all tax documents for auditing purpose.
o Verification of MIS report and present the same to management.
o Maintenance of Company Accounts and relevant records for Company Audit.
o Submitting Forex monthly statement (FLM 8) on monthly & yearly basis to Reserve Bank of India.
Highlights;
o Managed a team of 10 junior accountants, including their daily/weekly work assignments and annual performance reviews.
o Successfully implemented Tally Accounting Software and given valuable inputs for customization.
o In short span of time promoted to senior level, having responsibility to lead the branch
o Conducted all hiring, promotions, salary revisions, and terminations as needed.
o Facilitating team development and conflict resolving and decision-making.
Highlights;
o Appreciation received from a client for identifying a fraud on the Internal Audit.
o Special appreciation for speed and accuracy - for completing 5 tax audits in a day.
o On statutory Audit the report submitted is implemented on stock control.
o Handled various accounting and auditing assignments
o Rated commendable in Internal Audit.