Senior Accountant
Cigalah Group
Total years of experience :13 years, 3 Months
Synopsis : It included management and reporting of financial Artifacts like Bank Reconciliation, Debtors Reports etc.
Role
Handle full spectrum of day to day Finance & Accounts operations.
Responsible for monitoring, preparing statements and age analysis of suppliers and customer accounts and its reconciliation.
Responsible for reconciliation of intercompany accounts and bank accounts.
Preparation of asset, liability, & capital account entries by compiling & analyzing account information.
Preparing and accounting for prepayments, accruals, assets and depreciation.
Monitoring the movement of stock and conduct an annual physical inventory reconciliation.
Analyzing revenues, commissions and expenses to ensure they are recorded appropriately on a monthly basis.
Preparing price structure and ensuring that the profit margins/ mark ups are maintained.
Comparing the actual achieved margin with the budgeted margin according to the firm’s structure and making the needful accounting treatment.
Responsible for preparing purchase orders and overseeing the accounting of GRN in the system.
Monitoring and managing petty cash for office expenses.
Preparing monthly cash flow projections.
Controlling the due dates for PDC issued to third parties and informing the MD in prior.
Preparing debit/ credit notes to vendors and customers.
Developing and implementing comprehensive annual budgets.
Preparing monthly payroll, leave and final settlement.
Management of working capital, predominantly ensuring sufficient funds in order to meet the immediate liabilities.
Preparing quarterly VAT Filing returns, with all the supporting schedules and any documentation/responses as may be required by Tax Authorities & in compliance with all VAT Legislations.
Monthly, quarterly and yearly finalization of financial statements including Balance Sheet & Profit & Loss Account.
Active management of overheads whilst seeking out areas for efficiencies for savings.
Providing any special reports as requested by the CFO.
Notable Credits:
Actively involved in the set u of the accounting software and the finalization of the accounts related to the pre-opening expenses. Managed the financial transactions and the month end closing activities single handedly.
Synopsis It involves handling all financial transactions of Boutiq Ultra Lounge including all Cash Flow, Fund Flow,
Capex, Opex and Sales Reports.
Role
Regularly monitor spends to ensure they are in line with plan and overall profitability is maintained
Review the trial balance including provisions etc
Ensure routine tasks are carried out flawlessly such as booking of invoices, payment of dues, raising of debit / credit notes and receipts of market outstanding
Forecast and monitor potential future costs and revenues including, expenses from future obligations etc
Ensure regular reconciliations are done such as bank reconciliations, cash checks, fixed asset verification, review of provisions, stock checks etc
Drive cost savings ideas in the unit by continuously working on improving efficiencies
Weekly & monthly sales report
Preparing the documents for the import of goods which includes but not limited to LPO, Contracts, etc.
Preparing the payment plan for the payments to supplier and periodic supplier reconciliation
Liaising with the customer for payments and ensuring receipt of payments as per the agreement
Highlighting any issues that require managements’ immediate attention
Monthly P&L Balance Sheet review to ensure relevant entries are held.
Synopsis It included management and reporting of financial Artifacts like Bank Reconciliation, Debtors Reports etc.
Role
Reconcile general and subsidiary bank accounts by gathering and balancing information.
Provides financial status information by preparing special reports; completing special projects.
Corrects errors by posting adjusting journal entries.
Secures financial information by completing database backups; keeping information confidential.
Maintains accounting controls by following policies and procedures; complying with federal, state, and local financial legal requirements.
Accomplish accounting and organization mission by completing related results as needed.
Accounts Receivable - Billing and collection of debts.
Accounts Payable - Handling KSA payments and posting the required entries.
Vendor Scrutiny
Cash Customer Scrutiny.
Bank Reconciliation.
Petty Cash Reconciliation.
Maintenance of customers’ database.
Preparing Debtors Exposure Report.
Preparing weekly & monthly collection reports.
Preparation of Debtors Report as required by the banks.
Inter Company reconciliations.
Maintaining financial records for subsidiary companies by analyzing general ledger accounts.
Answering inbound enquiries and maintaining relationships with stakeholders.
Preparation of LC presentation letters.
Posting of LC related entries.
Preparation of report reflecting the fund flow position on daily basis.
Preparation of Export / Import LC.
Preparation of Daily Cash Flow.
Synopsis Effectively managed duties of Rak Bank as an operational staff.
Role
Opening business accounts in Finacle System.
Responsible for completing all financial analysis reviews assigned, reporting results to the Loan Review Officer or other Officers, and department supervisors, as applicable.
Examined files systematically for adequacy of credit and or deficiencies, reports examination results to the Loan Review Officer, other officers or management as requested.
Prepared written analyses on all large loans, large aggregate lending to one borrower, complex loans, and weak loans.
Assisted in the preparation of loan rating reviews and watch list presentations for the loan loss reserve adequacy reviews.
Assisted in the preparation of technical exception reports, non conforming loan reports, etc., for the eventual benefit of loan officers.
Assisted external auditors in their reviews, making them more efficient and enabling the bank to control costs.
Blacklist checks of customers.
Checking errors & updating in the Finacle System.
Returning documents with errors to the Relationship Managers of Wealth Management Department& Loans Department.
Creating Customer Information File (CIF) number.
Updating customer information in the Anti-Money Laundering & Entity Resolution System & working in co-ordination with the compliance team to ensure that the bank works in line with the Central Bank’s rules & guidelines.
Registering customer’s mobile banking & phone banking in the system.
Updating & checking customer’s signature in the Signature Verification System (SVS)