Senior Accountant
ISAM KABBANI & PARTNERS GROUP FOR CONSTRUCTION AND MAINTENANCE CO. LTD.
Total des années d'expérience :15 years, 9 Mois
* Day-to-day monitoring cash balances as well as maintain bank ledger balance up-to-date; saving needed funds for several purposes such (Administrative settlement, Foreman petty cash, vendors “ADV & Dues”, subcontractors “A/R & Retention”).
* Preparing cash position report, Trend analysis of cash flows of projects in order to report variances and recommend for proper course of actions for financial controller & Treasury supervisor.
* Gathering related data and necessary documentation to approve or reject applications which not adhere to trade dept. Policies in addition to SAMA regulations and standards, along having knowledge of INCO terms & UCP of latest version.
* processing letter of credit through select a suitable facility pool then booking all beyond financial transactions including: issuance, amendment, advice, acceptance, settlement accounted in ERP system.
* Collaborating with bank RM to resolve any complexity cases, evaluation for mitigating risks associated with international LC like (Hedging exchange rate, Avalization, discrepancies examination, overseas shipping term).
* Review letter of guarantees (LG’s) request to ensure adherence to contract clauses whether (Bid Bond, Advance, Performance, Retention, Project financing) In-turn reviewing (cost estimation, net cash flows, expected gross profit) supported with graphs.
* Submission a weekly report for business units in order to "follow-up uncollected ADV guarantee-terminate the guarantee- reduction of utilized amount against progressive invoices-extension LGs of running projects.
* Liaises with operating units for quarterly closing including warehouse physical count, common cost allocation, verifying trial balances, asset register, unbilled revenues calculation, staff indemnity & accruals. Prepaid exp, provision & depreciation.
* A key member of BPM committee for drawing business cycle, developing enterprise operating software, innovation a new tools for cost optimization and earning maximization, authority matrix, key performance indicator presentation.
* Combine BUs annual budget, analyzing variances. Meet the demands and concerns of outside entities “audit bureau, government bids, financing credentials, department of zakat, DTI classification, ISO 9001 assay, Suppliers’ line of credit.
* Establishing securitization contracts with banks by determining the available notes receivable for discounting, creating an installments pool through bank loans module, monitoring installments schedule, conforming loan principal, interests, reserves.
* Monitoring customer's remittances “regular installments, down payment, last payment”. As well granted credit memos for (early settlement discount, program or insurance discount), and insure daily clearing to bank module.
* Conducting end-month closing, monthly management report-KPI, monthly income statement, upcoming month performance indicator, BI Tool-Business intelligence presentation, enhances financial policy in compliance to GAAP. Recurring entries.
* Undertaking risk assessment analysis involved in leases by producing financial ratios, approval for creation or cancellation promissory notes of installment orders, time to time reviewing customers’ credit files sold to the bank.
* Identify bad receivables and provide updates for legal section, receiving billing dept's requests for writing-off as well as reserve of bad debts & doubtful provision, posts sales invoices, customer aging report, monthly collection commission schedule.
* Checking affiliates reconciliation before consolidation, inventory control over all branches, projected profit-cost analysis for automotive promotions, and assist in preparation of annual budget & rolling forecast.
* Report an open orders & international orders that didn't close, and tracking accrued purchases liability.
* Monitoring of cashiers, daily closing of branch fund then preparing bank remittance voucher, customers invoices & receipt vouchers are posted and cleared correctly into AR module, imprest of petty cash, prepare monthly payroll statements.
* Tracking supply chain of branch inventory, submit stock report for "non-slowly moving items, expired-damaged items In line with appropriate provisions entry, post purchases invoices into AP module. Monitoring vendor’s trial balance& PYMT requests.
* Exert strong control over branch expenses, record all branch transactions, analyzing expenses with limited budget and report for any variances, forecasting branch expenditures for budget preparation, preparing monthly branch income statement.
* Review monthly reconciliations for key customers/vendors, bank reconciliation especially POS, affiliates current accounts reconciliation, and offset the balances to head office account, acts of the year-end closing, meet external auditor’s demands.
* Carrying out all internal memos by C.F.O. regarding "cost allocation, closing deadline, special provisions, revenue recognition, internal selling prices among business units, interest rate for internal borrowing, dividends and retained earnings reinvestment.
* Appraise financial backbone of a branch like” branch's value, workflow, property and equipment consumption, SWOT analysis, break-even analysis, best-practices recommendations, compliance to company policy & growth plan and capital strategies.
* Auditing payroll records, make payroll entries, calculate overtime & vacation allowance, Process labors timesheets, track all accruals and provisions of payroll benefits, and ensure distribution of payroll funds, Periodic confirmation of staff statements.
* Monitoring uncleared cheques, Prioritize payments with available balance, initiate wire transfers and follow-up approvals sequences, complying with income tax law for withholding tax of payments to non-resident entities at flat rates.
* Control of consignment goods, Internal shipments among branches, Block any fictitious enhancements in the sales revenues, Receiving financial statements of other branches in order to prepare consolidated financial statements for outside parties.
* Reviewing commissions sheets of retail showrooms, Prepare collateral reporting as well as liability and margin reports, maintain assets register besides the relative distribution of common asset depreciation, evaluate gross margin of strategic customers with a distinctive prices, reviewing discounts policy "quantity- cash discount", maintain control over products price limit (ceiling- flooring) in collaboration with sales manager and IT dept.
* Perform adjustments related to compliance with GAAP, Zakat requirements, auditor’s demands, keeping the accounting records free of errors or incorrect classifications.
The Faculty of Commerce is always keen to emphasize the quality of the educational process, through its departments of various scientific seeking the comprehensive development of all educational programs and meeting the requirements of the labor market in all disciplines to keep up with recent changes in the world now such as: intensive use of information technology not only at the academic level but also on the level of providing educational and student services in addition to scientific excellence in different activities of artistic, cultural, social and sport activities. Moreover, refining all the talents as well as satisfying all the needs and encourage student by all means that will benefit them and During the completion of the degree Gain practical knowledge and skills in both local and international accounting systems Acquire skills in using advanced accounting tools in management and information systems Learn the application of international accounting and auditing standards in a relevant manner Learn the advanced tools in marketing research and electronic marketing Plan and implement marketing communication and branding techniques.
