Senior Accountant
AL SALAM COMMUNITY SCHOOL, Al Twar
Total years of experience :27 years, 0 Months
a) Leading the accounts team on daily transactions
b) Supervising the team to ensure that issuance of invoices for Tuition, Transportation fees, inclusive of Exams, ECAs, trips, learning support charges where applicable are in place on time and the tax code are done correctly aligned with the FTA guidelines
c) Overseeing timely collection of payments by monitoring invoicing procedures. To achieve a zero bad debts at the end of academic year
d) Work in collaboration with the admissions team to communicate to parents about the fee structure, payment of school, bus fees and other related fees and activities
e) Reconciling ledgers (i.e., accounts receivables and accounts payables, cash advances to staff)
f) In payables, observed that school policies are applied accordingly in issuance of POs and invoices are well received on a timely manner and items are properly received duly supported by a delivery note signed and stamped by the receiver before making a final payment
g) Reconcile the advance payment regularly to ensure that invoices are booked without any delay for the VAT claims, and are claimed at a VAT filing return cycle.
h) Ensure that month-end process and tasks checklists be completed on the timeframe set by the management. Managing treasury function
i) Support and directly reporting to the schools CFO
a) Based at Central Office. Generate and examine accounting records for the central offices finance department in compliance with company policies, UAE Federal Tax Authority (FTA) guidelines, and accounting standards.
b) Reconcile ledgers, record transactions, and produce monthly management reports detailing profit and loss accounts, balance sheets, accounts receivable / payable, and statements of cash flow.
c) Support school-based accountants with technical and analytical expertise.
d) Direct payroll transfers via online banking and wage protection system (WPS) for a 2, 000-person staff; verify human resources calculations of employee end of service benefits.
e) Execute comparative analyses of monthly /annual reports; determine factors contributing to income and expense increases / decreases; recommend solutions for reducing expenses.
f) Ensure proper data entry of zero-rated goods to recover value-added tax (VAT) from FTA.
g) Collaborate with finance team to resolve accounting errors, system glitches, and other financial problems.
h) Mobile accountant moving across school based accountant to give training and orientation to a new team members.
i) Review and analyzed receivable records, focus and investigate on cases of each defaulters and escalate the issues
j) Ensure that actions taken will always be in accordance with the regulating body (KHDA for Dubai Schools and ADEK for schools in Abu Dhabi)
k) Managing treasury function
l) Prepares management report
a) In consecutive roles, supported the senior accountant and finance departments of Greenfield International School and Al-Mizhar American Academy.
b) Calculated supply staff salaries for payment processing, reconciled student and supplier ledgers, managed accounts receivable and bank reconciliations, and delivered prompt and accurate monthly reports for management review.
c) Resolved parent, teacher, and colleague queries via email and telephone.
d) Collected current and overdue accounts with timely and consistent follow-up communications, resulting in zero bad debts on all monthly balance sheets.
a) Managed Trading Division accounts and Franchise Division payroll via Coral Business Solutions RealSoft ERP. b) Recorded accounting transactions, such as sales returns, rebates, and promotions, and posted them to the proper account codes; calculated commissions and incentives, reconciled bank statements, and deposited cash receipts intact.
c) Oversaw accounts payable; created journal entries to track accrued expenses and other adjustments.
d) Monitored / retrieved accounts receivable from customers; maintained a 95% rate of collection efficiency.
e) Generated and reviewed month-end reports to provide management with cash flow projections.
f) Performed comparative analyses of stock keeping unit, and collaborated with stocktaking team members in composing monthly inventory variance analyses to report and rectify inventory control problems.
a) Oversaw accounts / transactions of Groups many businesses with VisualERP. Processed customer / vendor monthly account statements, determined overdue invoices by generating accounts receivable aging reports, and collected payment, ensuring intact deposits by observing proper cash handling procedures.
b) Managed accounts payable, payroll, and petty cash; monitored cash flow. Executed month-end closing; completed detailed expense analyses to identify low return divisions and ascertain cause of income drop.
c) Drew up local purchase orders (LPOs) for stock acquisition from manufacturing companies; served as point person for shipments of imported goods from China.
d Recommended cost-savings options to upper management, such as purchasing bulk product direct from overseas suppliers at lower cost than local vendors.
a) Directed efficient and compliant accounting department operations.
b) Reviewed consolidated financial statements and their supplementary schedules; determined cause of income and expense increases / decreases.
c) Analyzed monthly bank reconciliations for lapping, kiting, and other forms of fraud; verified accuracy of book adjustments, including fixed asset depreciation, leasehold improvements, and prepayments; coordinated quarterly audits.
d) Used Platinum Accounting Software.
e) Supervised the team, including bookkeepers, clerks, and the assistant accounting supervisor
f) Coached clerks to advance into bookkeeper roles
g) Evaluated staff performance for salary appraisal and promotion.
h) Delivered PowerPoint presentations reporting operating results in monthly management meetings.
a) Supported supervisor in meeting accounting standards and deadlines.
b) Generated monthly-consolidated financial statements; reviewed supplementary schedules, including accounts receivable / payable subsidiary ledgers, fixed assets, and inventory listings.
c) Maintained bank reconciliation statements, monitoring daily deposits and balances, and identifying / reporting errors.
d) Avoided misclassifications by posting expenses to proper account codes; confirmed adjusting journal entries.
Finalized monthly bank reconciliation and consolidated financial reports; completed comparative analyses for meeting presentations.