Senior Finance Executive
Al Futtaim Group - IKEA
Total years of experience :17 years, 1 Months
• Responsible for month-end and year-end closing of books for all IKEA UAE stores in compliance with IFRS.
• Responsible for expenditure analysis & preparing Management P&L account for all UAE & Qatar stores
• Responsible for General Ledger reconciliations and schedule of provisions.
• Work directly with Finance Manager and analyzing financial results
• Worked on VAT implementation project and a keen member of User Acceptance Test team.
• VAT account reconciliations and VAT filing for Al Futtaim Group - IKEA
• Worked closely with IT on implementing and automating reconciliation process.
• Handling Internal & external auditors.
• Lead other colleagues in new project environment.
• Assisting on Budget, Planning and strategic reports by providing actual historical cost analysis.
• Responsible for recording asset, liability, revenue, and expenses entries by compiling and analyzing account information.
• Expenditure analysis & preparing Management P&L account
• Responsible for Accounts Payable and related queries
• Reconcile of supplier accounts and resolve differences
• Preparing schedules for prepayments & accruals.
• Handle Bank Reconciliation and involved in Bank Reco Automation project.
• Work closely with internal and external auditors
• Worked on Etravel & SAP interface project and lead the team in User Acceptance Test
• Ensure the company’s banking operations; seeing to it that all funds are appropriately banked ensuring efficiency and returns
• Monitor Bank account balances and perform on fund movement between bank accounts to meet daily obligations.
• Open Letter of Credits and handling with related issue
• Reconciliations including bank, credit card, sundry, trade creditor’s and other accounts
• Principle Vendor Payment and related queries
• Handle local and overseas payment remittance.
• Applying for Shipping Guarantee and rent loans in bank
• Handled accounts payable and accounts receivable
• Prepared Bank, vendor & other accounts reconciliation,
• Monitoring daily funding position and performing on fund movement between bank accounts.
• Prepared monthly financial statements and management reports
• Assisting