Finance Coordinator
Sacoor Brothers
Total years of experience :19 years, 0 Months
Financial Tasks: Organize the team to ensure timely, effective & accurate soft closing of books during month end. Prepare monthly profit & loss reported to Board for Middle East Region. GL account analysis & reconciliation. Monthly Accruals & prepayments were prepared and accounted. Checking of salaries submitted by HR and accounted in books every month. Prepare annual budget including forecasting, be able to analyze any variances against the actual results. Finalize annual financial statements with required schedules and dealt with auditors to organize & manage year-end audit. Responsible for lease agreements (old or new) from initiation, negotiation of discounts, execution up to accounting in books including analysis of IFRS 16 at year-end. Maintaining Franchising books includes Invoicing, payment collection, monitor receivables & P&L analysis for each franchisee partner. * Perform analysis on financial data and submit conclusive information for possible investments.
Non-financial Tasks: Management of annual Insurance, Apartment leases management
Achievements:
- Timely reporting
- Major role in annual budget process & control
- Handling lease agreements and successful negotiations
- Improve the reporting quality with more details as needed
- Team management
Financial Tasks: Control & executing all bank transactions, monthly bank statements were reconciled. Cash flows were prepared each month to properly manage the inflows & outflows. Accounting intercompany transactions, Invoice and reconciled in each book. Approval of Invoices and scheduling payments. Monthly checking of all Vouchers (Payment, Receipt, Petty cash, Purchase & JV) ensuring the correctness and completeness. GL analysis of transactions and prepare TB to be use for the month-end reporting. Preparation of annual Financial statements and coordinates with external auditors for finalization. Analysis of monthly rental & revenue performance with related commissions given. Handled salary processing includes annual accrual of Gratuity and control of leave salary.
Non-financial Tasks: Online registration of tenancy contracts; Online property listing; correspondence required for tenants or landlords
Achievements:
- Developed payment process and payroll (WPS)
- Cash & bank controls
- Improve the accounting system and implementation
- Month-end reports
- Financial Statements accuracy
- Systematic monitoring of Tenancy Contract
Processing vouchers - receipt, payments, purchases in the system. Managed petty cash for company daily operations and for each project handled. Organized daily inflows & outflows and prepare monthly summary. Monitor bank transactions & prepare monthly reconciliation. Responsible for calculation of laborers wages and accounted to each project accordingly. Ensure timely management of AR by analyzing monthly work-in progress & accounting for deferred/unbilled balances. Prepare month-end Balance Sheet & Income Report.
Achievements:
- Accounting of transactions with minimal error
- Improve system for Project costing
- Developed project reporting
- Implemented the monthly reporting
Responsible for company’s accounts receivables thru preparation and distribution of Billing to various clients and resolving any discrepancies.
Key Roles:
* Analysis of vessel’s principal ledger account and prepared the billing with proper supporting documents on monthly basis.
* Executed accounts receivable reporting enhancements, reconciliation procedures and resolving client billing issues.
* Verified details of transactions including seaman’s onboard requirements, working gears, vessel equipments and supplies
* Opened and assigned new Debit Notes accounts in the accounting system for billing purposes.
* Follow-up emails / calls to clients with past due balances to properly managed the collection process.
* Maintain and organized support for seaman remittances, vessel’s principal owners and other clients.
Perform the day-today processing of accounts payable transactions to ensure that municipal finances are maintained in effective & accurate manner.
Key Roles:
*Working closely with suppliers & renegotiated payment terms and discounts with them.
*Verified vendors and suppliers submitted Invoices with complete documentation and approval to avoid duplication.
*Verified submitted liquidations of crewing officers for various expenses paid for the seaman.
*Conducted month-end summary of payables for reviews and reconciled any variances.
*Prepares batches of Invoices and other payments for data entry.
*Maintain and organized a schedule of payment and collection on a weekly basis.
*Assist the Finance Manager with other duties as assigned.