Accountant
M1 Group
Total years of experience :9 years, 0 Months
• Reviewed the agreements and preparing the summary
• Issued the invoices and follow up on the collection
• Issued the reports related to receivables and collections
• Checked the accounts through Oracle software
• Assisted in the preparation & analysis of monthly financial statements
• Executed timely and accurate delivery of billing to local and international clients as per the contract and followed up on outstanding receivables
• Implemented yearly budget and ensured appropriate analysis of actual versus budget figures
• Succeeded in minimizing 30% data entry errors by conducting thorough analysis and ensuring proper recording of all accounting entries related to expenses, income, accruals, payables, receivables, general ledger, fixed assets and intercompany modules by using ERP Oracle accounting system
• Maintained the PO approval of 12 diferent projects by ensuring correct invoicing & cost allocation and clear payment method with minimum issues with suppliers
• Reduced unnecessary expenses by 70% by raising the issue to the line manager
• Accomplished the implementation of 6-months transactions from one accounting software to another within 1.5 months successfully and with positive feedback from the CFO
• Ensured the soft closing of accounts on a quarterly and year- end basis for 10 sister companies
• Reduced monthly closing period to be 7-10 working days instead of 10-15 days by setting guidelines to three co-workers
• Collaborated with outsourced bookkeeping personnel (from Monaco, London, and Dubai) to ensure debit/credit notes, statement of accounts and all financial data are received on a timely manner with clear cost allocation
• Ensured supplier, client, bank and intercompany reconciliations on a monthly & quarterly basis
• Liaised with the treasury team for timely payments to suppliers
• Assisted in the preparation of tax filings
• Interpreted monthly and quarterly financial reports and analyzed data to identify imbalances and trends, developed and proposed methodologies for resolving any problems discovered
• Comprehensive and thorough analysis & understanding of documents (financing,
acquisition, contracts…) to produce financial statements ready for audit
• Assisted in Ad-hoc reporting as the need arises
• Provided clean trial balances with no unbalanced clearing accounts, ICP transactions, bank, or fixed assets
• Coordinated with external auditors. Audit report issued on a timely manner and without qualification
• Performed call-over on reports
• Completed audit procedure on the revenue and expense cycle by vouching invoices
• Executed audit procedures on receivables and payables cycle by checking year end confirmations and subsequent collections/payments
• Performed audit procedures on treasury cycle through obtaining year-end bank confirmations audit testing and related reconciliations