Accounting Manager
Bahmani Group
Total years of experience :13 years, 10 Months
- Prepare and analyze budgets & consolidated financial statements
- Responsible for month, quarter and year end closing, Profit & Loss, Balance Sheet, Cash Flows & Fund Flows in multiple currency i.e AED, USD, GBP, EURO & CNY
- Responsible for working capital management & MIS Reports
- Forecasts cash flow positions, related borrowing needs, and available funds for investment
- Finalize tax returns, payments, required documents, and reports
- Manages hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions.
- Provides investment appraisal support to Financial Controller
- Prepare Annual Plan balance sheet and cash flow to ensure desired growth
- Liaise with auditors during reviews and audits to ensure full cooperation from accounting staff and compliance with all qualified requests.
- Conduct reviews and evaluations for cost-reduction opportunities.
- Supervise staff of nine and make sure segregation of duties to ensure that an individual cannot process a transaction from initiation through to reporting without the involvement of others
Conduct monthly and quarterly account reconciliations to ensure
accurate reporting and ledger maintenance
- Analyze financial statements for discrepancies and other issues that
should be brought to the manager attention
- Review all inter-company transactions and generate invoices as
necessary
- Reconcile balance sheet accounts
- Process Import Transactions: Letter of Credit(LC), Direct Import Bills,
Advance remittance against Import, ensuring smooth processing of
import payments under LC and Collection, Buyer Credit
- Loan by discounting (LBD), Cheque discounting
- Liaise with Suppliers & Customers for cash receipts and payments
- Reviews statement of accounts of suppliers and customers in multiple
currencies
- Maintains ageing analysis of customers and follow up for subsequent
settlements
Review Cash Reconciliation, Bank Reconciliation and Payroll
Processing
- Liaise with the auditors for the efficient performance of the audit
- Manage the accuracy of the accounts payable and receivables in order
to make timely collections and payments.
- Delegate financial responsibilities to accounting team
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