Senior Accountant
Excellence Holding W.L.L (Bahrain)
مجموع سنوات الخبرة :17 years, 5 أشهر
Job Profile - Senior Accountant
- Financial Reporting: Prepared Consolidated Financials (Balance Sheet, Income Statement, Sales Analysis Report and Cash Flow on monthly basis).
- Fixed Asset Management: Maintain Fixed Asset Register by category, Create asset master, calculate monthly depreciation, and write off fully depreciated assets, record asset transfer between locations.
- General Ledger: Maintains and reconcile general ledger accounts; amortizations, prepaid and reconciling Trial Balance, ledgers & accruals.
- Regular follow-up with the Banking transactions and monitoring Funds
- Follow to make payments by Cheque/Bank Transfer and over all control on the fund availability
- Project Accounting & Receivables: Create project accounts in the accounting system, maintain project- related costing & records, including contracts and change orders. Render invoices to clients on a timely basis according to contract terms and follow up for payments. Review and approve costing & sales orders. Process supplier invoices related to a project. Review and post overhead charges and other expenses to be applied to a project. Prepare & compare budgeted cost and actual cost analysis after the project completion.
- Preparation of Bank Reconciliation Statement
- Reconciliation of Sales Vs Collections and follow up for outstanding
- Preparing Debtors Ageing Analysis for outstanding amount and follow up with the concerned on daily basis
- Ensure to make deposit of Cash / Cheque against collections
- Reconciliation of employee advances and follow up for recovery
- Preparation of Debit/Credit Notes and passing Journal entries
- Preparing payment advise to make cash and Bank payments
- Vendor Account Reconciliation and get the Balance confirmation
- Passing of Debit/Credit Note against the differential amounts and short falls
- Monitoring on Fund availability to pass on (clear) upcoming cheques / Debits in the Bank
- Preparing statement of outstanding liabilities to get the approval to release the fund
- Salaries disbursements and other payments
- GL Account Scrutiny & Passing necessary Entries
- Making monthly provisions by passing Journal entries
- Verification of Employee advances and settlements
- Schedules preparation and keep data ready for finalization
- VAT: Preparation, validation and submission VAT returns for the Dubai & Abu Dhabi Entities
- Handled VAT reporting (Input & Output). Ensure payments are done in line with UAE regulations. Maintain & reconcile VAT Balances on General Ledger.
- Liaise with Auditors: Assist in Internal and external audit activities. Preparation of audit schedules and work closely with the auditors to ensure the completion of a timely audit
Job Profile - Senior Accountant
- Preparing monthly, quarterly and annual financial statements.
- Preparation of Profit & Loss Account and Balance Sheet
- Regular follow-up with the Banking transactions and monitoring Funds
- Follow to make payments by Cheque/Bank Transfer and over all control on the fund availability
- Preparation of Cash Flow Statement
- Preparation of Bank Reconciliation Statement
- Reconciliation of Sales Vs Collections and follow up for outstanding
- Preparing Debtors Ageing Analysis for outstanding amount and follow up with the concerned on daily basis
- Ensure to make deposit of Cash / Cheque against collections
- Reconciliation of employee advances and follow up for recovery
- Preparation of Debit/Credit Notes and passing Journal entries
- Preparing payment advise to make cash and Bank payments
- Vendor Account Reconciliation and get the Balance confirmation
- Passing of Debit/Credit Note against the differential amounts and short falls
- Monitoring on Fund availability to pass on (clear) upcoming cheques / Debits in the Bank
- Preparing statement of outstanding liabilities to get the approval to release the fund
- Salaries disbursements and other payments
- GL Account Scrutiny & Passing necessary Entries
- Making monthly provisions by passing Journal entries
- Verification of Employee advances and settlements
- Schedules preparation and keep data ready for finalisation
- Assistance in smooth completion of audit process.
Senior Accountant
Job Profile - Accountant
-Assisting senior manager in the preparation & review of annual budget process in accordance with prescribed guidelines and formats. .
-Month-end, quarter-end and year-end closing, preparing monthly financial reports, P& L accounts, Balance
sheet, debtors aging, stock aging etc.
-Responsible for maintaining chart of accounts and cost centers and preparation of purchase order with correct codes.
-Consolidation of inter-company transactions and reconciliations, Bank A/C reconciliation.
-Balance sheet accounts reconciliations, Record monthly journal entries for payroll, fixed assets, employee
accruals, prepaid expenses, provision for utilities, sales commission etc.
-Assist in Internal and external audit activities. Preparation of audit schedules and work closely with the auditors to ensure the completion of a timely audit.
-Handling and reconciling petty cash (for all branches), making entries after ensuring the vouchers are signed.
-Opening LC for purchase, bank guarantee for customers. Resolve all concerns and issues involved in generation of LC (Letter of Credit).
-Process monthly Utility bills (Telephone, Fuel and Electricity) on time.
-Processing separate payrolls for 2 inter-companies under the group as per WPS system
-Computation of salaries, attendance, leave, fixed & variable entitlements; developing and maintaining documentation, pay-slips & controls for all payroll related activities, Handling final settlement, annual leave settlements, combined salary register and maintaining register for every employees.
-Sales Accounting & Accounts Receivables
-Approve daily schedule/Sales Order after verifying & checking sales order, receipt and discounts,
PO/Contract terms.
-Preparation of the daily sales report and detailed analysis of the sales on daily basis for management information and decision making.
-Prepare invoices for credit customers and send out. Follow up through email and phone contact,
allocate payment after receipt.
-Monitor customer account details for non-payments, delayed payments and other irregularities.
-Review AR aging to ensure compliance.
-Journal entries and adjustments for the debtors' accounts reconciliation.
-Arrange daily collection reports from retail branch managers and reconcile cash, cheque and credit card receipts with bank account and passing necessary entries on time.
-Calculate and prepare quarterly sales commission after checking the sales target of sales persons.
-Effective Cash flow Management
-Managing total collections / receivables (both local and outstation) of all the corporate & Project
customers on daily basis and reporting the same to centralized hub.
-Fund managing within limited fund situation and satisfying the vendors, employees and the management s.
Bachelor Degree in Commerce (B.com)