Senior Accountant
ATCO Group of Companies
مجموع سنوات الخبرة :21 years, 3 أشهر
Overall handling of Head Office Accounts.
Monthly Closing
• Posting of all AP & GL Batches
• Reconciliation of all accounts
• Reviewing balance sheet accounts one by one and matching them with our schedules
• Review & generation of Trial Balance, Balance Sheet, P&L for finalization of Accounts
• Updating of schedules and making the required entries for Fixed Assets, Prepayments, Accruals, Staff Benefits, and Staff Loans.
Main Responsibilities
1. Updating Monthly Cash Flow for Head Office
2. Preparation of Annual Budget for the Division making sure expenses are properly accounted in proportion to the previous periods available data.
3. Monthly Reporting
4. Fixed Asset Tagging
5. Coordinating with Management for their request & requirements.
Intergroup Transactions
• Intergroup Entries
• Issuing Debit Notes to all Divisions for bank charges & LLC interest
• Reconcile Intergroup balances with Head Office
• Provide Treasury Dept. schedule of intergroup balances to make settlements.
• Follow-up division for 3% share of Revenue & make required entries
• Intergroup Loan Reconciliation
- Overdraft (OD)
- Short Term Loan (STL)
- Post Finance (PF)
Bank Transactions
• Bank Reconciliations
• Receiving bank documents and statements from Treasury Dept. and making required entries.
Prepare payments
a) Employees Vacation, EOSB settlements, Housing allowances & WO payments.
b) Payments for Utilities including Owner's and his families.
• Prepare schedule for allocations to different divisions
(i.e. HO electric & water bills)
• Prepare excel monitoring of utility payments
(i.e. SCECO, telephone & mobile)
c) Regular vendor payments such as;
• Courier service providers
• Medical service providers
• Vehicle Lease
(Update schedule details of Leased vehicle)
• Manpower security providers
• Stationery suppliers
• Other vendors
d) Arabian Equipment rental (AER) payments
• Petty cash replenishments
• Vacation settlements
• Various suppliers both local & foreign
f) Other payment requests from Various Departments such as acquiring new Assets, Maintenance of Building, Equipment, Fixed assets etc.
A. Mortgage of Assets:
1. Record of Encumbered and Unencumbered Assets
2. If encumbered, record of bank either BPI or IFC (By Asset)
3. Registration of Mortgage Trust Indenture to registry of Deeds.
4. Preparation of Reports
B. Appraisal of Assets:
1. Accompany Appraisers during Ocular inspections
2. Provide Appraisers data on properties for appraisal
3. Checking Draft of Asian Appraisal (AACI) Report
C. Asset Management System: Distribution Plant, General Plant, Generation Plant & Investment Properties.
1. Update & Maintain CEPALCO list of Fixed Assets
2. Record Asset Additions & Retirements Monthly
3. Compute Depreciation per Asset & per family
4. Costing of Disposable assets to customers
5. Record Importations (Letters of Credit)
6. Record of Appraisal per Asset and per Family
7. Inventory of Fixed Assets
8. Compute Rental Rate of Equipments and other Assets
9. Check Tax assessments and Payments of Real Property Taxes.
10. Prepare Reports
D. Prepare Reports on UPPE to Government Agencies: ERC, BIR, SEC, NSO etc. and A-POWER.
Conduct Audit on Coop transactions and processes.
Review members ledgers & loan payments
Prepare Auditor’s Report to Board of Director’s.
Suggested audit procedure.
Conducted Personnel Audit
Prepare Statement of Accounts and facilitate collections.
Update Accounts Receivable Accounts ASCII (Accounting program)
Prepare monthly Bank Reconciliation.
Facilitate postings of Accounts Payable, Check & Cash Vouchers in ACCPACC (Accounting program).
Assist processing of New Accounts
Issue receips on Bill payments
Filing of checks and other bank documents