Senior Financial Accountant
Al Masaood LLC
Total years of experience :12 years, 11 Months
Prepare Monthly Bank Reconciliation Statements (BRS) and make adjustments.
Assisted CFO and Coordinated with the project managers in project cost estimation and other expenses, for preparation of budget of 2016.
Cash flow forecasts by consolidating information from banks, expected receipts, scheduled payments to suppliers and administration expenses.
Weakly review of actual cash flows to ensure cash forecast variances are identified and reported to CFO on timely basis.
Upgrade capital budgets regularly by making buy or delay analysis by considering the condition of cash flows to the company.
Prepare reconciliations of suppliers’ accounts to make sure all payments are up to date.
Analyze capital and operational budgets, and prepare periodic variance analysis reports by comparing budgeted costs to actual costs.
Slashed administrative expenses by 20% by introducing new controls and negotiating prices with service providers, vendors & sub-contractors
Prepare MIS reports as agreed i.e. Variance analysis, P&L, B/S using MS-Excel and ensuring timely submission to management as required.
ERP coordination & implementation by preparing, presenting and taking follow up of required modifications and improvements within whole accounting function.
Preparation of details of liability for outstanding expense, depreciation and prepaid expense for monthly Financial Statements.
Account for technical postings to ERP like insurance and lease payments for vehicles.
As part of bank facility dealings (O/D, L/C, and L/G), coordinating, fulfilling & preparing explanations of accounts related banking requirements.
Closing of all Prepaid, PDC, Rents paid, receivables, payables and accrual Accounts.
Post all adjusting entries to the ERP after proper consideration and analysis
Liaised with External Auditors and was responsible to provide all audit related workings i.e. Ledgers, Balance confirmations and Financial Statements for Y/E 2015.
Prepared and monitored annual budgets and presented reports on variances of Budgets from actual data.
Prepared “Buy or Delay” analysis for Capital expenditures to maintain cash flow positions.
Timely preparation of annual accounts together with the schedules and notes for early completion of statutory audit.
Examined existing portfolio of investments and increased returns by 12% by rearranging portfolio and suggested new investments to brighten portfolio.
Reduced debtor collection period by 40% through proper follow up of Invoices and improved client relationship.
Supervised the classification and posting of accounting transactions to ensure accuracy of accounting information
Prepared analysis on daily basis for payments, receipts and late payments.
Management of cash flows and suggesting management for cost reduction and co-operating other departmental managers for the same.
Supervised Receivables & Payables by maintaining current ratios.
Liaised with Operation Department and accordingly corresponding with Clients & Banks.
Reviewed, discussed and took actions on any reports concerning my area of responsibility, which are prepared by either the Internal Auditors or External Auditors.
Maintained Aged analysis reports and follow ups with debtors for Receipts.
Established sound system of internal controls which stopped/minimized cash embezzlement & inventory pilferage.
Reviews, investigates, and corrects errors and inconsistencies in books/ ERP system.
Considered postdated Cheques (PDC) and updated returned cheques in the system.
Prepared Bank Reconciliation Statements and recorded or rectified difference.
Checking of Financial Statements produced by the clients to make sure that all receipts and expenditure have been properly accounted for.
Meeting with the Heads of relevant departments for System Understanding and Documentation.
Verify payment procedure to ensure that all the payments have been made in accordance with accounting standards and check the necessary controls are in place.
Verify the Bank Reconciliation Statements prepared by the clients to ensure its correctness.
Assisted senior team members in preparing various reports as per their requirements.
Vouching of different Income statement Expense Heads to ensure their correctness and authorization.
Communicating with client interface to timely gather all the documents required during the course of Audit.
Worked in conjunction with the Audit Team and carried out statutory audits with specific responsibility of Assets and Expenses Heads.
Accounting, Finance, Taxation
Advanced Diploma in Accounting and Business
Economics and Business
Certified Accounting Technician
Mathematics