Regional Chief Accountant (KSA & UAE operations)
Synthomer Middle East
Total years of experience :30 years, 10 Months
Perform financial and accounting policies and procedures approved by the company and delegate to accountants as appropriate.
Review all incoming and outgoing documents to accounting department and check validity and that it has been received by the company.
Supervise the recording process by accountant and ensure correctness.
Review of staff salaries supporting schedules and ensure accuracy of overtime and deduction and update SAP of any change to employee’s status.
Review Cashier data on daily basis and reconcile with book balance by confirming correctness of all entries and verify all receipt and payment vouchers related to movement of cash.
Review & ensure all supporting document in line of payment for service or materials and obtain proper authorization of payments in accordance with the approved authority limits.
Monthly reconciliation of all banks accounts, preparation of reconciliation entries and inform the General Manager of variances, if any.
Providing other departments, if required, financial data within the permissible limits to ease the reporting system.
Coordinate & follow up with insurance company related to status of policy and update General Manager on any issues.
Analyze the actual with budget/forecast and notify the major variance to General Manager with reason and discuss such variance with the concerned Department Heads for proper amendments & inclusion in the forth coming budget/forecast.
Participate in the annual physical count of fixed assets and inventory and agree results to book balance. Prepare reconciling entries and obtain proper approval.
BPC Reporting
Responsible for timely filing of statutory returns such as Withholding Tax, Zakat, Income Tax etc.
Hedging of foreign currency as per PO requirements on monthly basis.
Compliance of Internal Key Control Areas for effective functioning.
Responsible for Fixed Assets
Co ordinate with external/internal/tax auditors (PWC/KPMG/DELOITTE) to complete audit on time.
Accountable for the accuracy, timeliness and appropriate accounting treatment of project expenditures within assigned portfolio.
Develop & implement improvement initiatives to promote excellence and consistency within the project accounting function.
Develop & maintains internal control procedures governing the tracking, verification, processing and payment of EPC & other project related invoices.
Review and approve monthly accruals.
Budgeting, Forecasting & Variance Analysis.
Cash Flow Budgeting & Variance Analysis.
MIS Reports.
Deliver a timely and complete Fixed Asset Register (Coded/Uncoded).
Supervises & develops staff
In charge of 5 (five) project site accounts (Total Project Cost US$250Million).
Oversee financial accounting and control activities associated with the project.
Provide mentoring and leadership to project accounting personnel.
Responsible for overall adequacy and timeliness of project accrual function; ensures detailed records are maintained to support monthly accrual analysis.
Budgeting, Forecasting, Costing & Cost Analyzing.
Preparation of Accounts Payable Reports.
Finalizing of Monthly/Quarterly/Half yearly & Annual Operation Reports.
Procurement Co ordination, Insurance Compliance.
Inventory Control & various reconciliation.
Co ordinates internal & external audits (E&Y) of project activity.
Preparation of Cash Flow Reports.
Oversee physical inventory verification.
MIS Reports in accordance with International Financial Reporting Standards (IFRS).
Overall in charge of accounts in the branch.
Import/Export documentation & negotiation.
Filing of statutory returns with government authorities.
Filing of Duty Entitlement Pass Book application (DEPB), follow up & procurement of license.
MIS, Costing, Budgeting & Negotiation with shipping companies.
Liaisoning with HO/branches & maintaining records.
Attending for tender of group companies with government bodies.
Conducting market survey & submission of action plans for new commodities/products dealt by the company.
Co ordination of internal/statutory audit.
Logistics & Inventory Management.
In charge of import/export of Black Pepper/Raw Cashew operations of group companies from Singapore, Vietnam, Dubai, Ivory Coast & Tanzania.
Handling of imprest cash of local currency (IRS) 1million+ per month.
Overall in charge of accounts & finalization.
Liaisoning with HO & other centres across the country.
Co ordinate with auditors of PWHC for internal/statutory audit.
Office Administration & In charge of Placement Cell.
Additional charge of placing of ‘NIS’-ians among corporates.
Conducting/co coordinating corporate training activities of corporate & MNC’s
Overall in charge of branch accounts.
In charge of inventory.
Filing of statutory returns with government authorities.
Presenting books of accounts with Sales Tax Authorities for assessment purpose & filing of appeal, if the assessment is not satisfactory.
Office Administration & co ordination with other branches for stock transfer.
Post Graduate Diploma in Industrial Relations and Personnel Management
Bachelor of Commerce