Chief Accountant
Seib insurance and reinsurance company
Total years of experience :10 years, 3 Months
Managerial and Financial accounting
Managing accounting period closure monthly and quarterly and analyse the results
Work closing with finance and accounting team to ensure smooth operations in accounting department
Effectively implement and monitor the company internal policies and accounting policies
Involved in the transition from IFRS4 to IFRS17 insurance reporting standard
Prepare MIS reports for management information
Prepare annual budgeting and internal and external audit engagements
Review financial statements including P&L accounts, cash flows, variance analysis and observations
Cash flow forecasting and accountability
Monthly variance analysis loss ratio and interpretation of production results
Bank reconciliation and monitoring bank accounts
Reviewing and verifying operations and accounting documents and vouchers
Reviewing and verifying outward payments like cheque and wire transfers
Respond to quick queries and requirements from management
Review monthly production/sales commission for the sales team
Participating monthly management meetings with team to review results, provide insights on expense management
Managerial and Financial accounting
Analyse financial information to assist business profitability and growth
Provide accurate and sound management reporting to assist with key decision making
Produce month end and year end journals
Prepare MIS reports for management information
Prepare annual budgeting and planning process
Manage capital expenditure
Produce financial statements including P&L accounts, cash flows, variance analysis and observations
Ensure compliance with all financial regulations
Lead, manage, guide and motivate a team
Review accounting processes and practices and improve where necessary to ensure efficient financial operations
Cash flow forecasting and accountability
Monthly variance analysis and interpretation of sales results
Reviewing and approving operational documents (LPO, Cheques, international wire transfer, LC, BG )
Interact with Auditors (Internal/External) & participate on audit
Participating monthly management meetings with team to review results, provide insights on expense management
Bank reconciliation and monitoring bank accounts
Monitoring and maintain SAP control aspects like profit center, cost centers, internal orders etc.
Reviewing and approving monthly payroll payment transfer files
Reviewing and approving Asset / Service /Non Stock and stock PO documents
Reviewing and approving of monthly inventory requisition forecast report from purchase departments
Review and approving monthly sales commission and bonus for staffs
Forex gain/loss analysis for current and future payments
Approving inventory discards, adjustments and making provisions on timely basis.
Cost accounting
Product cost forecast and pricing
BoM review and approval for creation
Cost run and cost collector and update in SAP for production posting
Monthly cost review and analysis production variances if any
Monitoring production variance and take corrective action to minimize the variance settlement
Assist manufacturing department for FG and RAW material code creation and updation
Review pricing and margin analysis for approval of selling price
Monitoring product wise margin analysis on regular basis
Financial and managerial accounting
Preparing MIS reports for management review
Monthly cost variance analysis and interpretation of sales results and food cost.
Generate financial report and sharing with department managers to renew
Yearly budget consolidation and P&L preparation
Coordinating with head office financial analysis team for group consolidations
Analyzing and reporting the food cost and margin variance to finance manager
Providing the support to operational team to control central kitchen cost
Analyzing and preparing the reports for the performance of each business location from central kitchen
Preparing the feasibility study for the upcoming new catering /manpower projects
Monitor expenditure, analyze revenue and determine budget variance
Supporting sales/marketing team for preparing monthly forecast
Performing GL reconciliation and month end closure activities
Reconciliation of the statement of accounts for AP vendors and customers
Interpret the discrepancies in invoices with PO and follow up with vendors if required
Processing invoice, debit and credit memos
Handling vendor queries regarding payments
Prepares payments by verifying documentation and requesting disbursements
Analyzing account statement relating to vendor companies.
Communicating and reporting new process improvement ideas to quality team
Maintain vendor and customer details.
Monitor accounts to ensure payments are up to date
Research and resolve discrepancies and issues
Substantiates
Recording day to day transaction, Sales billing, and Purchase order creation.
Payroll management Preparation of monthly and yearly reports and tax submission.
Review and verify invoices and check PO requests
Track expenses and process expense reports
Recording invoices into system
Correspond with vendors and respond to inquiries
Finalization of GL accounts and produce reports
Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement
Reconciles financial discrepancies by collecting and analyzing account information
university 68%
- Commerce and Tax