Section Head – Finance and Accounting
RABIGH POWER COMPANY (RPC)
مجموع سنوات الخبرة :19 years, 0 أشهر
• Drafting monthly management accounts for submission to Project Company and shareholders along with variance analysis.
• Monitoring and analyzing monthly, quarterly and year end closings and ensuring that financial reports are presented to the management on time with accuracy of number reported.
• Supporting in budget preparation and consolidation.
• Leading VAT and WHT monthly returns filing
• Scrutinizing collections, payments and various financial activities, thereby communicating effectively with various departments to ensure accuracy and completeness of financial information.
• Ensuring GL accuracy for day to day transactions.
• Maintaining monthly accruals & prepayments schedules.
• Liaison with Statutory Auditors (E&Y) for audit and finalization of statutory reports.
• Leading end-to-end suppliers’ payment process with regards to monthly reporting, payment proposals, reconciliations and reporting
• Preparation and finalization of management and statutory financial statements.
• Coordination with statutory auditors (E&Y) for audit and finalization of statutory reports.
• Monthly management reports along with detailed insight analysis of variance departmental heads.
• Cost sheet preparation for courses offered, its cost and profitability analysis.
• Setting up aircraft operational budget, monthly variance analysis and year end reporting of operating costs and comparison with previous year’s results.
• Preparing of monthly profit and loss account, balance sheet, and budgets and finalizing of credit policy, month end closing and payroll processing.
• MIS reporting for sales cost of sales, receivables, payables, stock valuation and monthly expenses with respect to product, area, function and company.
• Working as system administrator and trainer to sales staff for our own retail outlets and responsible for system updating and coordination with software developers for any update needed in reports formats or any other query relation the proper working of software.
• Costing of imported goods keeping in view the relevant expenses based on consignment by taking into account freight &insurance along with THC, DOC, and transportation.
• Responsible for verification of every purchase order issued to suppliers with relevance to quantity ordered, expected time for delivery and cost of purchases by coordinating with procurement department as well as with sales department for its demand in market and orders from customers and arranging for prompt central payments to suppliers after affirming receipt, acceptance of goods as mentioned in purchase order or as per credit facility
• Responsible for inventory management by setting stock movement procedures and arranging the warehouse for easy and effective way of stock in and out movement along with stock valuation. Costing of products for margin calculations and setting up sales prices along with planning and supervision of annual stock counts.
• Responsible for accounts payable section for maintain foreign and local suppliers payment schedule and reconciliation of suppliers account.
• To prepare daily, weekly & monthly Sales and receivables analytical reports.
• Sales Analysis with relevance to margin accounting, best-selling items and best customers with relevance to sales amount and analysis for sales promotion offers.
• Outlet performance analysis i.e. sales for the period, sales by salesperson, gross profit and outlet expenses for the period.
• Supervision of accounts department with an object to effective and efficient working of accounts department by handling complete accounting cycle, beginning with posting journal entries, opening and closing of accounts, maintaining prepaid expenses, accruals, reconciling banks balances, accounts of suppliers, preparation of various accounting reports, concluding with financial statements on monthly basis and drafting of annual accounts for audit purpose.
• Cash flow forecasting and management on annually and monthly basis to ensure smooth running of company operations by maintaining good liquidity position.
• Authorized person for company payroll for its calculation and timely disbursement to employee’s accounts.
• Costing of products for margin calculations and setting up sales prices.
• Setting up chart of accounts of company for proper accounting recording and future reporting.
• Filing of monthly returns of tax deducted at source.
• Verification and booking of clearing agents bills for import of products for proper documentation and authorization.
• Custodian of purchase and sale for its reconciliation with the system and reported by the point of sale representative and to maintain properrecord in company database.
• Payment to Suppliers and contractors for services and products with reconciliations of accounts on monthly basis.
I did my CMA from the Institute of Cost and Management Accountants of Pakistan major in Financial Management, Financial Reporting, Management Accounting and Cost Accounting.