Accounts And Finance Manager
Prime Financial Solutions LLC
Total years of experience :8 years, 1 Months
- Facilitated the firm's budgeting and forecasting based on past and current data patterns, and internal and external factors, including target setting for consultants,
- Prepared and presented the quarterly and annual financial reports to BODs and senior management,
- Responsible for monthly closing activities, audit schedules, and variance analysis reporting (budgeted vs actual),
- Produced all the weekly, quarterly, and annual regulatory submissions accurately and before deadline saving the firm from any financial penalties,
- Prepared breakeven analysis and created recommendations and strategies for cost reduction and revenue growth,
- Restructured the Chart of Accounts and resolved previous discrepancies in the account balances,
- Capable of handling large volume of data and has advanced Excel skills (can execute functions such as Index/Match, VLookup, HLookup, Concatenate, Right/Left/Mid, etc.).
- Handle full set of GL accounts among others in Sage 50Accounting and oversee day-to-day activities of the Finance Department,
- Created the first Accounting Policies and Procedures Manual which helped the company have clear guidelines and better controls, efficiency, and risk management,
- Decreased the payment cycle by 60% by streamlining the procedures and implementing an approval matrix,
- Created supporting schedules and standardized formats which are previously non-existent,
- Automated the Net Asset Value calculations which immensely increased the accuracy and efficiency in preparing the report sent to QFCRA,
- Liaise with external auditors for statutory audit and tax return compliance,
- Highlights financial risk and proposes solutions and provides advice to maintain healthy cashflow to meet working capital needs, and
- Ensures the company’s processes follow the regulatory requirements.
- Created manpower annual budget using SAP Analytics;
- Processed payroll transactions including salaries, benefits, OT, and other deductions and completed timely processing of payroll in SAP including new hires, terminations, and changes to pay rates;
- Supervised WPS submission procedures and managed employee inquiries & requests related to preparation and distribution of payroll and gratuity; and
- Identified and recommended updates to payroll software, systems, and procedures.
Accounting
- Performed the full accounting cycle from identification of transactions to Financial Statements closing,
- Prepared a complete set of Financial Statements including Income Statement, Balance Sheet, Statement of Cash Flows, Statement of Comprehensive Income, Statement of Retained Earnings, and notes to financial statements in accordance with IFRS, as well as Consolidation of Financial Statements,
- Knowledgeable in QuickBooks, Sage 50 Accounting System; with basic knowledge in SAP ERP.
- Streamlined the accounting and operations of several clients by preparing policies and procedures manual that is reflective and facilitative of their business operations,
- Accomplished monthly reports and reconciliations such as bank reconciliations, petty cash summary, and statement of accounts,
- Highly competent in management accounting such as external financial reporting decisions; planning, budgeting & forecasting; performance management; costing management; internal controls; financial statement analysis; corporate finance; decision analysis; risk management; and investment decisions.
AUDITING
- Simultaneously handled the management of several audit clients during the busy seasons under various industries such as real estate, property management, hospitality businesses, construction and trading, service-provider, transportation services, and small and medium-sized entities,
- Submitted audit findings to audit manager and partner which has impacted the auditor’s reports (i.e., emphasis on matter points and qualified opinion),
- Member of the pilot team which pioneered and implemented the CaseWare audit software in the company,
- Presented ideas and suggestions on how to improve work processes by building standard working papers format and planning materiality templates based on ISAs and CaseWare audit procedures which have been used by the audit department as official standard formats, and
- Trained and managed junior staff while enriching the teamwork among the members.
OTHER CONTRIBUTIONS
- Detected the Firm's underpriced and overpriced client billings and enhanced the company’s costing and pricing model by successfully devising a timesheet monitoring system,
- Performed Agreed-Upon Procedures (AUP) with Qatar Petroleum and issued factual finding reports and In-Country Value (ICV) certificates,
- Co-developed the internal framework for the firm’s new service called In-Country Value (ICV) certification, and
- Spearheaded the launching and management of the company’s new website. Have also written several sections on the websites.
- Increased the client’s responsiveness on submitting audit requirements by 50% through placing automatic status monitoring which helped the team obtain appropriate audit evidence faster,
- Successfully complied with the reports required by Group Audits,
- Ensured that the execution, documentation, and conclusion of the engagements adhere to the policies of our firm’s audit methodology and ISAs,
- Demonstrated thorough understanding of International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS),
- Maintained effective and positive working relationships with clients
- Ranked as one of the top performers for the year among the 30 new associates,
- Prepared financial reports including Balance Sheets, Statements of Cash Flows, Statements of Comprehensive Income, Statements of Retained Earnings, and notes to financial statements in accordance with PFRS,
- Tested the design and effectiveness of internal controls by completing walkthroughs of complex business processes,
- Executed overall analytical procedures of significant changes in the company clients,
- Performed field audits on a wide variety of clientele using the Ernst & Young Global Audit methodology tool, Global Accounting, and Auditing Information Tool, and Microsoft Office, and
- Compiled and presented audit findings and suggested practical business improvements.
Ongoing study Distance Learning Category
Campus Journalist Active Member of Accountancy Organization