Senior AP/AR , Treasury LC/LG Accountant
Baud Telecom Company - Btc Networks
Total years of experience :15 years, 3 Months
Senior AP/AR, Treasury LC/LG Accountant
Preparing revenue projections and forecasting expenditure.
Assisting with preparing and monitoring budgets
Handling /Arranging letter of Credits ( L C ) and letter of bank Guarantee (L G )
Work with business teams to interact with relationship banks and government authorities to solve issues relating to treasury so as to ensure
smooth business operations
Preparing different type of related reports on a monthly, quarterly and annual basis.
Ensuring a proper custody and archiving of treasury related documentation.
Reviewing of terms and conditions related to banks' contracts regularly.
Maintaining and reconciling balance sheet and general ledger accounts.
Assisting with annual audit preparations.
Investigating and resolving audit findings, account discrepancies, and issues of non-compliance.Preparing Monthly VAT returns as per GAZAT
resolution
Handle VAT reporting Payable and Receivable, Ensure accurate and timely submission of reply
Performing other accounting duties and supporting junior staff as required or assigned.
Ensure accounting and financial information are accurate and recorded into the company’s financial systems; review and post ledger entries
Ensure documentation is complete and as per company policy/accounting & audit standards
Prepare month end closing schedules according to IFRS and Group standards; execute entries into the system
Ensure monthly commission calculation is align with approved schemes
Review employees expense claim against policy
Perform monthly intercompany reconciliation with related parties
Support the Finance Manager on preparation of MIS report to specific deadlines
Prepare weekly, monthly and quarterly cash flow report and ensure company meets cash flow targets
Prepare weekly and monthly AR report
Prepare ad-hoc reports as requested by the Finance Manager
Liaise with auditors and support the Finance Manager in managing audit process to ensure timely reporting to Group, local authorities and third
parties
Support the Finance Manager on drafting annual financial statement.
Ensure monthly commission calculation is align with approved schemes
Review employees expense claim against policy
Ensure timely submission of intercompany invoices to related parties
Perform monthly intercompany reconciliation with related parties Reporting
Support the Finance Manager on preparation of MIS report to specific deadlines
Prepare weekly, monthly and quarterly cash flow report and ensure company meets cash flow targets
Prepare weekly and monthly AR report
Prepare weekly revenue against budget reports
Prepare ad-hoc reports as requested by the Finance Manager Legal & Audit
Liaise with auditors and support the Finance Manager in managing audit process to ensure timely reporting to Group, local authorities and third parties
Attending periodic and annual VAT queries raised by GAZT and ensure accurate and timely submission of reply to GAZT.
Prepare and manage all documents in line with VAT regulations and other related activities.
Reconciles processed work by verifying entries and comparing system reports to balances. Charges expenses to accounts and cost centers by analyzing
invoice/expense reports; recording entries.
• Pays vendors by verifying federal id numbers; scheduling and preparing checks; resolving purchase order, contract, invoice, or payment discrepancies and
documentation; insuring credit is received for outstanding memos; issuing stop-payments or purchase order amendments.
• Pays employees by receiving and verifying expense reports and requests for advances; preparing checks.
• Maintains accounting ledgers by verifying and posting account transactions.
• Verifies vendor accounts by reconciling monthly statements and related transactions.
• Maintains historical records by microfilming and filing documents.
• Disburses petty cash by recording entry; verifying documentation
Manages the accounts receivable process, expediting the collection process with customers .
Coordinates & follows up with commercial department on the aging report, ensuring that customer accounts are accurate and updated .
Reconciles Accounts receivable with General Ledger, to ensure that the accounts receivable complies with Saudi accounting standards/ IFRS .
Carries out quarterly conformation of customer balances, to ensure that customers have agreed pending payments to SCC .
Alerts management about any payment defaults, providing feedback to senior management for further action .
Assists the auditors with Accounts Receivable, ensuring compliance with Saudi Accounting standards/IFRS .
Completes reports & carries out effective communication & handover activities in accordance with Company policy .
Lead the Credit Committee meeting, ensure compliance of Policy, Procedure related to credit
I studied Financial Accounting, Management, Financial Auditing and Auditing from 2004 until 2007 and graduated with good grades