Senior Accountant
SIG Combibloc Obeikan
Total years of experience :16 years, 1 Months
Month Closing Activities & COGNOS Uploads:
Posting necessary Accrual entries for Freight, Travel & Courier expenses based on reconciliation before month end.
Monthly Uploading the Trial Balance Data of the Company to the COGNOS 2XClient.
Reviewing Intercompany COGNOS and adjusting Sales and Revenues accordingly. (KSA, Turkey, South Africa & Nigeria)
COGNOS Consolidation - Dubai, KSA, Turkey, South Africa & Nigeria
Assisting on Budget for 2015 along with COGNOS uploads.
Assisting in Inventory list worksheet of the company before month end.
Budgeting:
Direct the preparation of regular and special budget reports.
Preparing and circulating Budget forms to HODs
Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
Consult with managers to ensure that budget adjustments are made in accordance with program changes.
Match appropriations for specific programs with appropriations for broader programs, including items for emergency funds.
Assisting advice and technical support with cost analysis, fiscal allocation, and budget preparation.
Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
Accounts Payables (Foreign Supplier & Vendors):
Receiving periodical statements from supplier and comparing accounts payable as per SAP system.
Preparing monthly reconciliation with Supplier Account.
Monitoring and preparing Intercompany reconciliation on Monthly basis (Multi currency - USD, SAR, EUR & AED)
Coordinate with Branch (Middle East and Africa) / Department Accountants for solving related Queries and updating of the data for processing the Invoices.
Handling Audit queries and assisting in company’s Internal and external audit
Scrutinizing of General ledger accounts and reconciliation.
Assisting in Finalization of Accounts.
Travel Expense Reports:
Checking and verifying expense report
Ensuring the claims are in accordance with Company’s Travel Policy
Highlighting and reporting the fault claims to the Management.
Clarifying employees queries on the Travel Expense Claims.
Fixed Assets Reports:
Preparing Fixed Asset Register on monthly basis
Recording and tagging of New Assets purchased for the company
Disposing / writing off the assets after prior approval from the management
Accounts Receivables: (Since July 2014)
Managing & monitoring the Company’s cash flow
Verifying and Maintaining proper records of Company’s Receivables.
Monitoring Accounts Receivables as payment terms agreed in LC with the Distributors.
To ensure all Receivables from Local as well as Foreign distributors are collected and accurately entered in SAP system.
To establish close liaisons with all major customers to ensure the timely identification of disputed invoices.
To ensure outstanding accounts are paid promptly by appropriate action and effective follow up procedures.
Project:
Qlikview Implementation for Account Payable for two companies (Dubai & KSA)
Qlikview Implementation for Account Receivables
Currently working of Fixed Asset implementation on Qlikview
Accounts Payables:
Processing of Invoices for Local and International markets using wire transfer/ Cheque Payment including Advance for Branch Offices operating in Middle East and African locations of the Company in a Centralized Accounts payable team under ERP environment - Accounting Package- “SAP”
GL Accounting and Reconciliations.
Checking of all the Invoices and Validation of the accounting entries like Account Code, Business Unit, Project Related Expenses, etc.
Coordinate with Branch (Middle East and Africa) Accountants for solving related Queries and updation of the data for processing the Invoices.
Coordination with Technical, Marketing, logistic and sales department of company and providing necessary information as required
Ensure the Statutory Payments are made on due dates without any delay such as Monthly Rent, Telephone, Water bills, Electricity etc.
To track advances paid to suppliers and highlight any old advances
To take corrective actions based on review of accounts.
Vendor ledger Scrutiny and Reconciliation.
Intercompany Accounts Reconciliations
Updating Bank Reconciliation adjustment entries
Assisting in Finalization of Accounts.
Letter of Credit:
Proper verification of LC by checking the necessary clauses and agreed terms and conditions with the Distributors
Preparation of export documentations for negotiation ensuring all the documents sent are in compliance with L/C requirements.
Preparation of Covering Letter and Bill of Exchange for LC document and forwarding the same to Advising Banks
Negotiating with advising bank in case of any discrepancy and sorting out the same, in order to process the documents on time.
Preparation of bank correspondence on matters pertaining to confirmation, acceptance or rejection of L/Cs
I have completed my 3rd Semester of MBA in Febuary 2015 and currently pursuing Final Semester.