Senior Accountant
Arisaco Group
مجموع سنوات الخبرة :12 years, 1 أشهر
Responsible for finance and management reporting, as well as implementing process improvements to enhance efficiency.
- Oversee and directly Managing team members who works for financial reporting operations.
- Analytical review of income statement and balance sheet to identify variances and provide necessary information for senior management.
- Reviewing the external payments and intercompany payments prior sending for UK client approvals.
- Ensure that financial and accounting information is processed according to internal controls and policies.
- Assist senior management in liaising with staff, onshore Client as required.
- Reviewing, approving and posting journal entries into the general ledger.
- Liaising with external and internal auditors.
- Ensure timely and accurate completion of all balance sheet reconciliations / month-end closure/3rd party payments.
- Provide expertise, research assistance and financial analysis to senior management for ad hoc projects.
- Review and reconcile inter fund accounts on a monthly basis.
- Perform financial reporting and general ledger accounting team’s quality assurance review for selected balance sheet reconciliations on a monthly basis.
- Performing balance sheet reconciliations monthly in order to ensure accuracy
of the balances reported and working on the outstanding balance clearance.
- Initiated and lead a balance sheet control account clearance project, while
managing and assisting 5 members of this project, which had 8 high risk
control account reconciliations of 10 funds of direct customer impact, and
cleared and reduce the outstanding balances substantially (approx. ₤20
million).
- Preparation of month end accrual journals.
- Investigated and Cleared Bank suspense in collaboration with the Treasury
team and UK finance team and posted correction entries.
- Investigated and Cleared the intercompany miss matches between holding
company and subsidiaries caused by general ledger mapping errors through
journals and suggested correct general ledger mappings.
- Investigating, analysing and proposing action plans to ensure the
completeness and accuracy of the general ledger balances.
- Liaising with the UK client on daily basis with regard to key deliverables and
responding to ad-hoc queries.
-Aptitude in accounting applications such as Oracle Financials, Business
Objects of SAP and TLM system in order to carry out daily tasks.
- Ensure processes are carried out according to the ISO procedures and as per
the Service Level Agreements (SLA's).
Process Developments and Automation
- Achieved reduction of time consumption by 95% and increased accuracy and
effectiveness of a process (A Reinsurance Database) by VBA programming for
excel automation, qualified for the Kaizen Champion-Six Sigma certification.
- Achieved time reduction by 98% for a monthly process on critical day of a
month end (A Cash position report) by “VBA Userform” for Excel automation.
- Streamlining and Automation of end to end Banking suspense monthly
journal using VBA programming for Excel and achieved time reduction,
increased accuracy and effectiveness (Saved 8 hours averagely) which is
qualified for Six sigma- yellow belt.
Key responsibilities included;
• Planed and designed overall internal controls procedures in finance division.
• Trained and mentored subordinates ensuring adherence to sound accounting practices.
• Analyzed business trends and daily operating controls. Monitored spending versus return and initiated strict cost containment approaches with the help of the management.
• Managed account payables, prepared journal entries, set up and maintained accounts, processed payments and prepared reports for management. Worked with the vendors to ensure all invoices were paid on a timely basis.
• Reviewed general ledger, trial balance, and monthly journal entries.
• Preparation and processing of monthly payroll; review and ensure accuracy of approved timesheets; track and deduct all deductibles and other special payroll deductions.
Key duties & responsibilities;
• Preparation of Books of Accounts (Preparation of cash and bank book, petty cash book, bank reconciliation statements, journal entries, control accounts and posting entries to general ledger and subsidiary ledgers) and trial Balance.
• Preparation of Financial Statements / Reports (Preparing the profit and loss account, balance sheet, cash flow statement and notes to the accounts and also performing analysis on the accounts).
• Taxation (Preparing VAT summaries and NBT summaries, and filling VAT returns and income tax returns, and computation of income tax).
• Work involving Inventories (Participating in stock taking, reconciling stock ledger with bin cards and physical stocks, and preparing reports on stock taking).
• Preparation of payroll statutory deduction EPF and ETF.
• Exceedingly trained in designing, preparing and maintaining spreadsheets using arithmetic calculations including lookup functions, financial functions etc.
• Knowledge of proofreading and correcting accounts.
Involvement in Statutory Audits, which includes;
• Involve in understanding and evaluating the internal controls for each business process of the client as a part of the audit plan.
• Implementation of the audit, which includes identifying and testing of controls, testing areas ranging from revenue, expenses, assets, liabilities and equity and checking regulatory compliance.
• Supervise the audit juniors who have less experience in the field to carrying out their assigned tasks.
• Coordinate with client and the engagement manager in resolving audit related issues and technical assistance as required by the client.
• Completion of the audit, which includes the preparation of final accounts and management letters indicating the lapses in the controlling environment.
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