Accounting Supervisor
Tristar Group
Total des années d'expérience :13 years, 8 Mois
Manage month-end closing activities as per checklist and submission of monthly reporting packs in a timely and accurate manner using Financial Consolidation and Close Cloud Service (FCCS).
Review monthly recurring entries, month/end checklist, AP accruals, etc. to ensure completeness of month/end process.
Ensure accurate and timely processing of all information in Oracle R12 including but not limited to Accounts Payable, Account Receivable.
Manage and review balance sheet account reconciliations and clean-up if required.
Manage the full cycle of fixed assets and IFRS 16 lease accounting.
Oversee VAT accounting, return filings for various entities as required.
Preparation of monthly cash flow forecast and annual budgets for the entities.
Assist in the group level quarterly forecast and annual budget process.
Report on SG&A expenditure analysis to identify trends and areas in need of cost control focus. Provide valuable variance analysis to highlight issues.
Provide guidance on intercompany accounting, preparation, and booking of invoices for cross-charging.
Other ad hoc duties as assigned by GFC/CFO to support regional and corporate requirements.
Preparation of draft monthly group MIS (Monthly profitability statement) as per group templates and submission for review to department head.
Support in the Monthly Accounting Reporting Package including approvals of month end accruals and amortizations.
Preparing the reconciliations of GL accounts along with Trial Balance, Balance Sheet and P/L on monthly basis.
Effective management of Subcontractors payables including reviewing, verifying and booking of Payment Certificates and negotiating payment modes.
Ensure timely payments to subcontractors, vendors, staff, and other external parties are made according to company policies and procedures.
Supervise day to day payables and vendors/subcontractors ageing.
Coordinating & supporting in managing the cash flow efficiently.
Planning and Forecasting the cash flow to ensure proper Funding.
Preparing monthly guarantee reports (Tender, Advance, Performance).
Performing Financial Statement Analysis including horizontal, vertical, ratio, and trend analysis.
Scrutiny of Client Payment Certificate, Verification of back charges & Advance Deduction, Escalation of discrepancies and finally booking of Client payment certificates in SAP.
Reconciliation of SAP receivables schedule and client statement on monthly basis.
Booking of Addition & Deletion of Fixed asset, processing monthly depreciation in SAP and Submission of Asset schedule on a monthly basis to insurers.
Effective management of General Ledger ensures accuracy of trial balances and matching of all schedules with Trial Balance, ensuring no unreconciled items.
Preparation of monthly GRIR schedule and submit to management.
Updating payments processed in approved cashflow sheet for subcontractors and suppliers.
Estimating and preparing working for suppliers & subcontractors provision monthly.
Review and maintain the monthly balance sheet accounts and ensure balances are in line with adequate accounting policies, highlighting any issues and discrepancies to the Finance Manager.
Ensure Capex items are accounted for correctly and in line with budget.
Preparation for aging schedules for vendors and customers.
Verification of back up documents like original invoice, LPO, Proper approvals, Ledger account, Payable account and advance account before processing payment.
GRN pending report of all sites and cost centers.
Effective and timely recording of Treasury related transactions in SAP and resolving all outstanding issues and disputes with banks.
Weekly bank reconciliation and reviewing bank accounts daily for cash balance and relevant cash management.
Reconciliation of MIS VS SAP on project revenue and project costs monthly.
Intercompany balance reporting and tie-out of balances at the month end.
Support all internal and external audit activities to achieve unqualified report for the financial year.
Ensure timely and accurate filing of VAT as per UAE, FTA regulations on monthly basis.
Ensures companies complies with internal regulations and established control protocol.
Coordination with SAP Developer and consultants for development and implementation of VAT Module.
Managing financial operations of multiple divisions of the business & leading a section of 5 professional accountants.
Finalize & present monthly financial & management reports to stakeholders in accordance with IFRS & IAS.
Contribute to the production of the Annual Budget process by providing insight to future sales volumes and revenues - compile financial data.
Normal Product Costing, Standard Cost Revision, Profitability Analysis.
Heading Accounts Payable, Accounts Receivable, Accounting of Accruals, Deferral Management, Vendor Management, Accounts Reconciliations.
Analyzed sales of the company in the previous months and quarters and then prepared reports to show the trends and variations in sales.
Prepare bank reconciliation statements of multiple bank accounts including credit card settlement and investigated the arising discrepancies.
Maintained the working capital required.
Supervise the physical inventory count quarterly and investigate any discrepancies.
Reconciliation of daily sales reports & audit of supporting documentation.
Fixed Asset Management and preparation of depreciation schedule.
Monitoring & Controlling payables and receivables.
Performing month end accrual and prepayment adjustments to finalize statement of comprehensive income.
Accurate Payroll Processing of all related companies for more than 100 employees as per UAE Labor law through WPS by utilizing efficient IT Skills.
Reconciliation of intercompany account and analyze any discrepancies.
Producing consolidated financials for subsidiaries with different currencies while having strong understanding for currency translation and revaluation entries.
Design, review & recommend internal controls on financial operations & reporting.
Responsible for maintaining adequate cash flow to meet the requirements of receivables and payables.
Approving supplier payments after critical evaluation of supporting documentation, and generating disbursements.
Monitored credit policies and credit limits.
Coordination with Banks and monitoring Bank Facilities.
Liaise with Company’s internal and external auditors for the periodic audits.
Contribute to the production of the Annual Budget process by providing insight to future sales volumes and revenues - compile financial data.
Reconciles financial discrepancies by collecting and analyzing account information.
Coordination between business and IT personnel for development and implementation of Microsoft Dynamics NAV 2013 R2 and Sage Evolution.
Ensure that all accounting adjustments, such as prepaid expenses, advances, provisions, etc. are recorded timely and accurately, so that financial statements accurately reflect the true financial health of the company.
Ensure that reports / schedules for statutory and / or internal audits are prepared and provided to the auditors as and when required.
Supervising the job assignments of Accounting Staff and their appraisal report for management.
Analyze monthly reports for the Financial Management Report pack and ad-hoc management reports as and when requested, and comment on variances / major movements / observations.
Preparing feasibility reports for new start up projects and applying test of controls in order to improve financial & non-financial performance of running business.
Coordinate with the Development and Commercial teams to complete the budget and / or forecasts and / or cash flows on monthly, quarterly and annual basis.
Working out the plan for subordinates to lead the group for a healthy management.
Preparation of monthly withholding tax statements.
Maintaining Import-Export documentations and handling IMPEX process flow.
Preparation of tax provisions and deferred tax calculations. Maintenance of books of account (Complete Accounting System) and Preparation of financial statements of various companies in accordance with the applicable International Standards and laws. Analyzing reports e.g. cash flows, budgets, bank positions, management accounts, monthly payroll etc.
Verification of vouchers e.g. cash payments and receipts, bank payments and receipts, purchases, sales etc.
Reviewing bank reconciliations, short term running finance facilities, loans, and letters of credit.
Bank Reconciliations and Booking of JV, CPV, CR, BPV, BRV on SAP FICO.
Accruals & Prepayments booking on monthly basis.
Reconciling the intercompany accounts.
Maintaining the bank accounts and credit limits.
Dealing with all petty cash transactions and checking daily Cashbook.
Capital asset evaluation and the maintaining of fixed assets registers.
Audit of Inventory & Maintaining Inventory ledgers.
Assist in preparing salaries, overtime, advances and allowances to Staff.
Monitoring the movements in Trail Balance on Daily Basis.
Preparing P&L trend and variance analysis.
Assist in preparing Financial Statements quarterly basis.
Assist the Manager - Internal Audit in preparing annual audit plan according to the risks identified, carry out value adding and risk based audits.
Monitoring the price of raw materials, packaging prices.
Booking of PRN, PO, GRN, PI and Payments to Supplier on SAP.
Assist in preparing Red Alert Reports and Re-order level reports.
Supplier statements reconciliations and resolving any differences in timely and regular manner.
Received and Verify invoices and requisitions for goods and services.
Verify that transactions comply with financial policies and procedures.
Prepare batches of invoices for data entry.
Process backup reports after data entry.
Manage the weekly cheque run.
Prepare manual cheques as and when required.
List all vendor cheques in the log book.
Ensure the confidentiality and security of all financial and employee files Etc.
Performing the audit planning which includes determining the materiality threshold and performance materiality, designing the nature, timing and extent of audit procedures, understanding the internal control system of the client and carrying out risk assessment procedures.
Performing analytical review/financial statements analysis to identify possible financial statements risk areas and gain a better understanding of the client in the planning phases.
Perform various types of financial analysis on the Financial Statements, such as ratio and variance analysis.
Carrying out substantive test work and test of internal controls as a part of the audit fieldwork, in accordance with the global audit methodology and the International Standards of Auditing (ISA).
Assist clients in preparation of financial statements in line with International Financial Reporting Standards (IFRS) and local regulatory requirements.
Served as a liaison between client representatives and KPMG senior associates, managers and partners.
Maintaining a professional relationship with clients and interacting with the client’s coordinator and the management to resolve audit issues.
Identifying and recommending the appropriate adjustments based on the audit findings.
Preparation of draft audit reports and of Management letter detailing weaknesses found during the audit work along with the recommendations.
Performing the conclusion activities, finalizing the audit and reaching to a conclusion as a result of the audit procedures performed.
Prepare, complete, review and submit tax returns within the filing deadlines in compliance with tax laws.
Review and revise contractual terms and conditions to include direct and indirect VAT requirements.
Manage penalty fines and prepare appeal documents.
I have been involved in auditing and filing tax returns of clients in different industries like Construction, Retail, FMCG, Oil/Gas, Health Care, Pharmaceuticals, Manufacturing, Defense and education etc.
MBA
Accounting and Finance Expertise
Accountant in Business, Management Accounting, Financial Accounting Skills, Corporate and Business Law, Performance Management, Taxation, Financial Reporting, Audit and Assurance, Financial Management, Governance, Risk and Ethics, Corporate Reporting, Business Analysis, Advanced Financial Management, Advanced Taxation.
Status: Qualified And Member Registration No: 3117
Status: Qualified Registration No: 1568784
