Senior Accountant ( Treasury)
EMDAD LLC
مجموع سنوات الخبرة :13 years, 7 أشهر
Manage all treasury activities related to cash flow, borrowings and capital management.
Prepare daily fund position and long-term cash forecast.
Monitor company’s liquidity position regularly to ensure that there are adequate cash resources available for the smooth running of operation.
Control all aspects of trade finance activities for the group with regards to Bank Guarantees, Trust Receipt, Letter of Credit, Bill Discounting.
Review bank facilities & Credit utilization on regular basis after utilization and future developments.
Maintain relationship with Bank’s relationship managers and update them with necessary documents or requirement and make sure there is proper flow of information happening at all times as well as covenant compliance.
Drive working capital initiatives, intercompany funding, and optimize available cash.
Maintain bank accounts are in compliance with company mandate.
Review and negotiate bank offer letter for new and existing projects also analyze debt covenant ratio for financial modelling.
Review bank charges are in compliance with banks offer letter and negotiate on yearly review.
Responsible for all VAT related collection of data, system reconciliation and preparation of respective working papers. In-depth review of supporting documentation to identify nature of transaction and determine tax recovery treatment.
Compute in a timely manner Tax reconciliation/FTA audit file, prepare and submit periodic VAT return in accordance UAE VAT law. Ensure VAT recoveries are claimed from or payments made to VAT authority. Posting of journal entries to reflect VAT position in the Financial statements.
Liaison with various Abu Dhabi Government and external bodies relating to queries on VAT and resolution of any VAT return discrepancies
Keep up to date with all changes in the VAT regulations and provide VAT advisory to the various internal functions of the company.
Establish/maintain the processes and infrastructure necessary to ensure accurate and timely recording, processing and summarization of financial information and results.
Implement process improvements and automation to improve work efficiency and workflow.
Schedule and manage month-end and year-end closing process, including TB & Balance sheet review.
Coordinate with Independent auditors for year-end audit, including taking ownership of audit issues and their resolution within corporate timeframes.
Support and manage AP, AR and other financial accounting functions, fallow up with client on aged receivables also negotiate with suppliers for discount and credit terms.
Ensure all payments to suppliers, staff, and other external parties are made according to Company policies and ensure payments have gone through a detailed verification before they are approved for payments.
Monthly prepare and review Asset Addition, Capitalization, Disposal and Depreciation.
Oversee the management and coordination of all fiscal reporting activities for the organization including: revenue/expense, balance sheet, cash flow & liquidity monitoring.
Prepare periodic reconciliations of Bank statement, Account payable and Account receivable and take preventive and corrective action on discrepancy.
Prepare and review complete payroll entries, WPS (SIF) and employee additions & deductions.
Responsible for Managing short term and long term strategic financial planning.
Maintain project cost tracking and perform cost forecast and variance analysis reports.
Conduct and schedule training for new team members, update SOP, manage petty cash, c3 cards & Employee Pension.
Meets accounting financial objectives by forecasting requirements; preparing budget; scheduling expenditures; analyzing variances; initiating corrective actions.
Prepare, Evaluate and monitor project cost on timely manner and hold meetings with project managers to discuss project performance.
Prepare Financial and perform month end closing as per the schedule and deadlines.
Confirms financial status by monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data; preparing special reports.
Maintains accounting controls by establishing a chart of accounts; defining accounting policies and procedures.
Spearheading the dealings & negotiation with external entities such as Banks, Insurance companies, Travel agents, Law Consultant and Government authorities.
Guides other departments by researching and interpreting accounting policy; applying observations and recommendations to operational issues.
Maintains financial security by establishing internal controls.
Avoids legal challenges by understanding current and proposed legislation; enforcing accounting regulations; recommending new procedures.
Protects organization's value by keeping information confidential.
Coordinate with Banks in securities such as LC-s, Bank guarantees, Trust Receipt, TT
Negotiate Prices with and prepare technical feasibility report of the customer.
Analyze and Prepare Cash flow statement for company’s financing feasibility.
Maintains financial information, files and records (e.g. copies of paid invoices, checks, documentation, reimbursements, reports, vendor files, receipts, etc.) for the purpose of ensuring the availability of documentation and compliance with established policies and regulatory guidelines.
Monitors account balances and related financial activity for the purpose of ensuring that allocations are accurate and complying with established financial practices.
Coordinate & fallow up with clients on billing and collections
Prepare salaries, End of service benefit, Advances & Loans for employees.
Prepares Budget in accordance with sales forecast and analyze the variance between Actual vs Budgeted.
Manage month-end activities including month end journal entries, Balance sheet and Profit and Loss account scrutiny, key reconciliations, variance analysis and submit monthly financials.
Developed key reporting formats and meet Production Managers to discuss project Cost and cost center performance.
Ensure that the financial control environment and processes are constantly reviewed and value adds financial information is delivered to the business.
Prepare monthly reconciliation of multiple inter-company accounts including research and resolution of discrepancies.
Summarized financial status by collecting information, review balance sheet, profit and loss statement, and other reports.
Responsible for managing Payroll processing and maintaining relevant schedules.
Worked exclusively in successfully transition of our financial system from Tally to ERP.
Coordinate with Banks for money movement to different accounts and supplier payments.
Ensure all financial transaction is in compliance with company policies and procedure.
Prepare audit schedules and ensure statutory audits are conducted successfully on time.
Manage complete AP activities ranging from supplier grievances handling to ledger reconciliations and variance analysis.
Analyze Cash Flow Statement for company’s operating, financing and investing activities.
Review Salaries, Wages & Leaves and Indemnity with personnel department and subsequently prepare accruals for the same.
Check validity & accuracy of accounting books & records.
Prepare ageing analysis on a regular basis to avoid any delays in supplier payments.
Ensure all provisions & accruals are booked accurately every month in our books
• Monitored audit travel related expenses of the employee with supported documents and approvals
• Significantly planned the training schedule and provided training to new joiners
• Played a stellar role in in booking of invoices & ensuring payments and accuracy to vendors within period and interact with Treasury Team for payment execution
• Efficiently ensured allocation of invoices after verification with supporting documents and recon packages to the team and urgent invoice workflow processed on time
• Showed distinctive ability by doing GL coding of invoices as per their Expense Head
• Carried out allocation of daily work to the team members as per the volume received
• Ensured effective preparation of:
o Error log analysis and discuss the same with the team
o Accruals after month end closing.
• Showed distinctive ability by reconciling air travel expenses of the employee with the previous expense report submitted
• Frequently accredited with Employee of the Month &Year Awards