Chief accountant
MHC. LIMITED
Total years of experience :24 years, 3 Months
Prepare monthly, quarterly and annual financial statements (balance sheet, income statement, statement of cash flow, statement of owner’s equity).
Prepare consolidated financial statements.
Ensure an accurate and timely monthly and year-end close.
Provide status of financial condition by collecting, analyzing, and summarizing information and trends.
Coordinate the preparation of the corporate annual report.
Develop and maintain written policies and procedures over the financial reporting process.
Budgeting - Coordinate the preparation of monthly, quarterly and annual budgets and forecasts.
Calculate variances from the budget and report significant issues to management.
Maintain a documented system of internal controls and accounting policies and procedures.
Ensure effectiveness of internal controls to safeguard assets.
Ensure reliability and integrity of financial information.
Ensure compliance with accounting policies and procedures.
Conducts studies and submit recommendations for improving the organization’s accounting operations.
Oversee daily accounting functions such as accounts payable and accounts receivable.
Analyze and approve journal entries.
Ensure that bank reconciliations are completed and reviewed regularly.
Liaise with external auditors and provide the necessary information.
Assist in performing tasks pertaining to the Finance and Accounting Departments.
• Monitor financial and accounting activities under the guidance CFO including monthly closing of the General Ledger, Accounts Receivable, Accounts Payable, Fixed Assets, Payroll processing, Cash management etc. in line with developed policies and procedures
• Monitor general ledger accounting activities to ensure accuracy, integrity and quality of all GL accounting transactions, journal entry transactions and supporting documents
• Prepare periodic financial reports including balance sheets, income statements and cash flow statements for review by senior management.
• Monitor accounts payable to ensure accuracy, integrity and compliance with internal policies for all payments being made to third party suppliers.
• Monitor accounts receivables by coordinating with other departments and ensure the validity, consistency and completeness of the collections.
• Maintain bank records and statements and ensure effective reconciliation of bank balances with company’s accounts to ensure there are no discrepancies.
• Control all interfaces with operating systems and banking, reconciling bank accounts, managing money transmission systems.
• Maintain relationship with banks and analyze bank fees, recommend cost savings, maintain bank accounts, liaison between bank and management.
• Maintain cash, debit, and interest schedules for various bank accounts.
• Create and maintain Chart of Accounts including designing the structure, setting up of new accounts, updating and deleting of existing accounts to ensure robust capturing of transactions and clear management of financial reporting.
• Supervise and train the accounting team to ensure effectiveness and efficiency of conducting the day to day operations in finance and accounting department of the company.
• Assist Chief Financial Officer and CEO in all the internal and external audits conducted in the company.
• Coordinate with HR & Administration department for processing the payroll and vacation settlement for the employees.
•Prepare tax and Zakat calculations for functions within the Exchange to ensure compliance with regulatory requirements.
•Follow daily operations relating to their own job to ensure work continuity.
•Contribute to preparing timely and accurate reports that concern the Department’s line of work to meet the requirements, objectives, and standards of the Exchange and the department.
•Ensure the satisfaction of both internal and external customers by addressing their needs in a courteous and timely manner.
•Assist in monthly closings and journal entries in order to generate concise and standardized accounting statements.
•Assist in the financial reconciliation of specific accounts (e.g., accrual expenses, provisions) to ensure adequacy and accuracy of all financial data.
•Update and reconciles the GL with all the transactions and activities, so as to enable the accurate monitoring and reporting of all transactions.
•Update all transactions in the accounting system and proceeds to the allocation of expenses to the respective cost centre, so as to enable the continuous follow-up of budget execution.
•Coordinate with relevant departments in issuing bills and invoices to clients in a timely and accurate manner.
•Administer accounts receivable ensuring the effective monitoring of all cash inflow through efficient reporting in financial statements.
Bachelor Degree of commerce , Accounting section Higher diploma of Accounting/auditing ERP systems Oracle Al ameen accounting Peach tree accounting Scribes accounting save money accounting Dac easy accounting Al mutakamel accounting Al shafy accounting