Senior Accountant
Damac Properties Co.LLC
مجموع سنوات الخبرة :19 years, 1 أشهر
Preparation of final settlement of the Main Contractor/Consultant upon completion/termination of the project.
Review and approval of the interim payment certificate (IPC) of main contractor, consultant and other direct contractors (based on FIDIC and through web based software called “E-Builder”) includes United Arab Emirates, Saudi Arabia, Qatar, Egypt, London and Lebanon, in line with Company Policy.
Posting of entry for the Work certified and retention held, Purchase and payments etc … in the Oracle E-Business Suite.
Preparation of TT as per RERA / Escrow agents guideline and in line with Company policy. Passing of journal entry for the provisions for Work done not certified prepaid assets & prepared expense etc…..
Bank reconciliation (Bank reconciliation to be done project wise as a separate bank account need to be maintained as per RERA guideline), inter branch reconciliation for payments.
Preparation of estimated out follow and analysis of deviation between cash inflow and outflow and ensuring the fund availability to avoid any unexpected shortcoming.
Predation of statement for variant analysis for budget versus actual and reporting to Management for further action
Statement of pending payment and payment released at the end of each month to Management.
Preparation of statement for the eligible amount of payment for Consultant as per RERA/Escrow Bank’s guideline and forwarding the same to treasury for arranging fund in case there is no eligibility for consultant for payment through Escrow Bank.
Liaising with Escrow Bank’s peoples from Trade Fiancé and Engineering for expediting the payment release to the Main Contractor and/ or consultant and answering their query regarding the time extension of the project, actual v/s estimated work done and difference between contract and IPC amount etc.
Liaising with QS, Project Managers& SVP Projects.
Liaising with main contractor and subcontractors for any discrepancies in the payment certificate and resolving the same after discussing with PMT.
Provide year-end support of auditor requirements, which may include research and reconciliation.
Need to verify the content of the Advance Payment Guarantee, Performance Guarantee & Retention Guarantee whether it is as per the requirement of trustee bank ( Escrow )/ and if there any variation inform the Contractor to comply with the standard format which is provided along with the Tender.
Inform the contractors in timely manner to renew the Guarantee as per the requirement of site situation.
In case of default, make the letter ready for calling the Guarantees after giving them a final notice of liquidations.
Opening letter of credit for Contractors Local/International as per the terms of contract.
Advising Purchase Dept. for the Risk associated with different types of Inco terms.
Other Duties but not limited to:-
Responsible for the processing, reviewing, tracking, and general ledger posting of construction draws for multiple projects.
Communicate with project managers, vendors, and external parties to manage draw requests/requirements.
Communicate with external clients and lenders to manage funding and draw requests, provide timely responses to questions and inquiries.
Perform/review bank account reconciliations and assist with corporate balance sheet reconciliations and other corporate monthly internal management reports.
Calculate and invoice general contracting fees and allocate payroll to projects.
Work with Project Managers on billing verification and collection matters.
Prepare deposits and weekly cash flow forecasts.
Process accounts payable from invoice to payment, beginning with coding invoices to the appropriate job number, cost code, GL account number and distributing invoices to Project Managers for approval.
Reconciliation of Vendor statements and Customer payments.
Responsible for Finalization of Annual Accounts, Responsible for the accurate and timely completion of monthly firm financial statements, Managed accounts payable and receivable accounts,
Reporting to Finance Manager (Cash Flow Analysis, Monthly Trial Balance and P& L Account etc.), Trade Finance related issues such as Import L/Cs and All types of Bank Guarantees etc, Following up of Receivables with clients and customers through monthly Aging Statement, Verification of Petty cash expense vouchers, Maintain fixed asset register, Undertake various tasks such as postings to general journal and general ledger, A/P, A/R, generated P&L reports and Balance Sheets, Carried out multiple bank reconciliation activities and managed several client accounts independently, Monthly cost distribution to related cost centers
Responsible for sub-contractors accounts management & payment certificates for construction projects, Follow up works and routine office works, Looking after Cash Sale receipts, Petty Cash Payments & Creditors Payments, Maintained positive, professional relationship with the firm's banking institutions, Booking of Journal Vouchers, Bank Entries, Cash Payment Vouchers, Contra Vouchers & Cheque Receipt VouchersLooking after Purchase & Raw Materials Invoice CostingVerification of Sales Invoices and Submitting in time, Follow - up of Customers and client for Payments, Monitoring of Budget v/s Actual expenses, Checking all the Suppliers and Sub Contractor’s bill and recommend for Payment, Follow and ensure payments to Suppliers and Sub-contractors, General Administration & Liaison: Looking after general administration, and liaison with relevant govt.offices, Handled work related contracting income statements, monthly billing and reports.
Dealing with Insurance companies for various insurance policies and claim reimbursement, Managing Intercompany receivables, Payables and intercompany reconciliation, Coordinate with auditor for various audits related tasks.
Undertake various tasks such as postings to general journal and general ledger, A/P, A/R, generated P&L reports and balance sheets, Carried out bank reconciliation activities and managed several client accounts independently, Managed accounts payable and receivable accounts, Handled payroll account with team members. Maintaining of accounts in computerized environment up to finalization.Looking after Cash Sale receipts, Petty Cash Payments & Creditors Payments.Preparing Sales Invoices and Submitting in time.Responsible for handling activities in accounts payable and receivable, Handled the tasks of generating financial reports, Responsible for timely payments of dealer invoices,
Sent and processed credit memos and purchase orders, Assisted in maintenance and completion of general ledgers, Handled the tasks of negotiating due accounts, Contacting customers concerning payment dues and account collections, Handled the tasks of providing administrative support through drafting official correspondence of the company, filing, typing, and data entry
General Administration & Liaison:Looking after general administration, and liaison with relevant Govt.offices
Having Post Graduate Diploma Certificate
Holding attested Digree Certificate,studied following subjects:- Accountancy,Business Laws,Computer Science,Mathematics