Financial Specialist
Dubai Culture & Arts Authority
Total years of experience :13 years, 3 Months
Monthly/ Quarterly/ Yearly GL close process for the Treasury unit:
-Revaluation of all foreign currency balances i.e. Bank accounts in additions to other foreign currency denominated assets and liabilities.
-Interest accruals and commitment fees on all corporate debt facilities.
-Interest accruals on all inter-company loans and deposits. These are subject to change based on new loans granted and existing loans repaid. Current list includes:
-Mark-to-market the financial investments in bonds
-Mark-to-market all derivative instruments which include forwards, FX swaps, cross-currency interest rate swaps and Oil swaps.
-Other accruals which include departmental expenses and bank interest on deposits.
Intercompany and non-intercompany reconciliation of balances & Inter-company balance mismatch resolution.
Preparation of the notes to the financials for the respective Treasury related entities
Account coding for all unit related receipts and payments.
Advise units on accounting implications of different transactions and financial instrument structures.
Support Treasury back office when required, through:
-Final review of deals on Quantum before posting monthly journals to ensure rate sets have been done correctly and when required.
-Inter-company loans, loan roll-overs, and new deals or any initiatives.
Cater for the requests of the Debt management office and GSEC.
Prepare required reports for head of unit e.g. Budget vs actual spend every month.
Resolve any audit issues where relevant.
Generating Monthly Cash Forecast Report, weekly Cash Forecast Variance Report.
Publishing a monthly Treasury Report.
Managing of Bank Transfers/ Fixed Deposits/Bank Accounts.
Recording of Sales Receipts, Performance Bank Guarantees.
Booking of invoices using GP system/ preparing Payment Advices.
Generating reports using FRx, creating (weekly/monthly) cash position reports.
Evaluation of Bidding Vendors Financial Statements (Bidder Financial Pre-Qualification)
Assisted in Oracle (AP Module) implementation, booking of invoices using Oracle System.
Preparing weekly/monthly (GP/Oracle) bank reconciliations
• Posting of Payment Journal Entries in the Oracle System (Payables End User), for:
o Lease contracts (over 25 contracts-annually)
o Monthly Water, Electricity & Sewerage Bills (over 50 accounts-monthly)
o Transportation Contract Bills (monthly contracts bills- plus additional bills)
• Printing of Building Lease Contracts & Following up with the tenant
• Generating budget forecasts and presenting them to the budget department
• Posting of Journal Entries in the Oracle System and Printing of Cheques
• Posting & Processing of Purchase Orders
• Adjusting & Processing of the Payroll
• Posting & Printing Receipts
• Handling tasks related to the: Payables, Receivables, Budget, Payroll, Petty Cash, Contracts and PO’s.
❖ Stores & Receiving: Using the Adaco & MarketBoomer System
❖ Cost Control: Dealing with discounts and the Micros System
❖ Accounts Payable: Using Solomon System & printing Cheques
❖ Accounts Receivable: Using Fidelio & Solomon Systems
❖ Income Audits & Night Audits: Auditing the operations
❖ Fixed Assets: Dealing with Capex's System
❖ Financial Accounting: Creating JV's and entering JE in Solomon
❖ Contracts & Insurance: Creating the monthly report
Finance Department:
❖ Working on the company guarantee database
❖ Working on "SOX 404 Key Control F3.1.1.Correctness of Sales Orders and Cancellation"
HR Department:
❖ Dealing with expected employees
❖ Setting up appointments for job interviews
❖ Arranging sent in CV's
❖ Translating Arabic documents into English
❖ Handling client inquiries
❖ Maintaining office procedures
with Distinction with Honors
with Distinction