Audit and Accounts Manager
Omaar International Company
Total des années d'expérience :26 years, 9 Mois
• Responsible of overall accounts & audit functions related to the group (6 companies with great emphasis on Inventory
Control) reporting to the Group Finance and Administration Manager, Dubai - .UAE
• Assess completeness, correctness and accuracy of financial transactions and records, highlight and communicate
findings, lead and direct correction.
• Developing budgets and forecasting. Analyzing financial data to provide strategic insights and recommendations.
• Monitoring and controlling company's cash flow, ensuring that sufficient funds are available for operational and
capital expenditures, and managing short-term borrowing and investment activities, monitor receipts and payments of
Multi-million transactions in USD; analyze exchange rates of multi-currency transactions (USD, SL Shilling, Ethiopian
Biir), lead scheduled and surprise cash checks.
• Prepare and report financial reports, share outcomes with Managing Directors and related supervisors, propose and
implement required policies, procedures, rules and systems.
• Administer the company computerized system (Focus 7 ERP & Focus 9 ERP immigration from Tally), Manage company
‘’Product Tree’’, more than 300 product items, including but not limited to FMGC, Food Stuff, Building
Materials, Cleaning Material, Tobacco and General Commodities .
• Monitor ‘’Purchases Register’’, imported and/or local, costing of products to assure both invoiced value and other landing cost are carried and assigned to products ready for sale, verify cost of goods and selling price.
• Oversee inventory movement, conduct Inventory Ledger reconciliation, verify documentation related to inventory movement, review sea shipping reports and documents, bill of lading, arrival notice, manifest and packing list.
• Review and analyze ‘’Sales Register’’, review daily sales reports and conduct monthly sales analysis, share and discuss a rich infographs, diagrams and written reports with concerned sales and marketing teams.
• Monitor and reconsile General Ledger, assure correct posting of fixed assets, accounts payable, accounts receivable …etc
• Review and reconcile bank accounts in USD / SL Shilling, monitor posting of deposits and "Post Dated checks " .
• Monitor costing system for the steel industry business unit, study cost drivers, processes, production lines. Identify and
calculate direct cost and convertion cost, review daily production reports.
• Verify rent accounts, review contracts, post accruals and settlements for the real estate, hotels and facility management division .
• Maintenance of fixed assets and Capital Work in Progress schedules, control and verify FA and calculate depreciation .
• Responsible of Financial Reporting and finalization of the accounts, close of accounts, post year-end closing entries.
• Liaise with external auditors, fullfil annual audit requirements, questinnaires, provide detailed / condensed trial balances,
schedules and supporting documents.
• Supervise, train, support and evaluate performance of accounting staff.
• Spearheaded in managing the accounting and management information system (MIS), configuration of the system, create chart of accounts, master data records, verify opening balances and detailed openings, manage user privileges, testing & report for corrections.
• Responsible of maintenance of the General Ledger, revise and post Fixed Assets, Accounts Payable, Receivables, Payroll, Cash and Bank Transactions.
• Directed whole gamut of activities related to fixed assets, applying company policies and procedures related, recording, coding, recommend controls.
• Oversee Payable / Receivables, applying company policies, ageing of Receivables.
• Liaise with Bank, prepare Bank and accounts reconciliation.
• Administered Cash, Petty Cash, monitor Post Dated Check and managing company’s PDCs.
• Responsible of Financial Reporting, manage Closing of Accounts, liaise with external audit.
• Execute payroll duties, keep employee files, configure timing devices and system, gather time sheets, prepare salaries and wages, calculate and post employees leave salary, end of service, distribute via WPS.
Follow up client’s overdue payments and contribute to collection efforts.
Calculate and verify employee payables and disburse payments.
Provide ratio analysis for some of ‘’Muscat Securities Market’’ listed companies (Profitability, Capital
efficiency, Operational efficiency).
* Provide pricing of the foundry metallic products according to data given by technical teams.
* Calculate prime cost and overhead rates.
* Cost and variance analysis, process analysis.