Senior Accountant
Al Obeikan AGC for Glass LLC
Total years of experience :13 years, 8 Months
Finance & Accounting
Performing effective role in Accounts Receivable, Accounts Payables, Sales financial transactions, Letter of Credit and all other accounting and financial activities
• Managing daily accounting transactions for accurate and appropriate recordings.
• Reconciling accounts receivable, accounts payable and inventory module with General Ledger in ERP.
• Preparing sales invoices for regular shipments, and sharing required documents with customers.
• Managing funds received from customer and make sure its recording in ERP against particular invoice
• Managing purchase invoices and other payables and booking these transactions in ERP for
updated records.
• Managing payable supplier payments as per the availability of funds and payable aging.
• Managing Fixed Assets register and controlling depreciation every month.
• Reviewing cost of each product and ensuring perfection of costing in ERP as per defined FOH rates.
• Controlling Raw material cost of each product by monitoring weighted average cost calculation for each purchase.
• Monitoring petty cash expenses and the petty cash funds for daily expenditures.
• Review cost of each product Actual v/s Est. to identify variances for action.
• Worked for SIDF loan. Collection & submission all the required documents & proofs.
• Assisting CFO to do the preparation, and successful completion of yearly external audit performed by KPMG.
Management Reporting
• Preparing monthly management reports including Profit and Loss statement, Balance Sheet, Customer Ageing and collection follow up report, Inventory management & valuation, Production report, Bank Reconciliation, customer satisfaction / claims and detailed sales analysis report.
• Preparing presentation for monthly bullet points for management consideration and appropriate actions.
• Reviewing monthly sales, production and costs with budget.
• Reporting complete monthly financials in SAP for our partner in Belgium for group consolidation.
• Managing all the transactions with both partners of JV and make sure to avoid any accounting discrepancies in intercompany transactions
• Performing an active role in operation excellence program for cost and benefit analysis.
ERP - (Infor LN, Oracle, SAP\}
• Lead the project for implementing all modules of ERP - Infor LN with the support of IT
Team.
• Integration of Warehousing, Logistics, Procurement, Sales & production modules with finance module.
• Verify cost / financial impact of each transaction from other modules.
• I am point of contact for Production, WH, Sales and procurement department for all their upcoming issues related to their respective ERP modules.
• Understanding and troubleshooting all the upcoming issues related to ERP.
• Prepared customized ERP reports for appropriate reporting and clear control on daily transaction.
Provide training to Sales, WH, Logistics and procurement for the use of their ERP modules for respective transactions.
Warehouse, Logistics & Production
• Worked on complete inventory (Receiving, issuance & physical vs system) to update opening balances in ERP to start the warehousing module with full efficiency.
• Monitoring and supporting WH inventory movement to control any wrong issuance or receiving
• Prepared SOPs for Warehouse and Logistics and give required trainings to employees to follow them with full effectiveness.
• Reviewing and closing all production order activities to control their financial impacts and accurate following of system.
• Reviewing stock report and physical inventory at the end of every month to get accurate numbers in inventory valuation.
• Making required adjustments of inventory in ERP (if required) with their appropriate financial impact.
• Active coordination with Sales, Warehouse, Procurement & Production department for daily and monthly activities.
Roles and Responsibilities;
Planning of all the customer orders in a way that can meet the shipment deadlines.
Managing complete supply chain of customer orders
Coordination with customer for their queries & necessary requirements. And completion of those requirements within given timelines.
Production Planning for all upcoming orders to avoid any delay in shipments
Execution of customer orders from product development stage until post shipment activities.
Planning of raw materials based on projections or forecasts to offer the shorter lead-time to customer.
Critically & timely evaluation of all the orders to assess any delay or difficulty in production.
Correspondence with all the production & procurement concerns regarding troubleshooting of queries faced during production & timely availability of accessories required.
Coordination with suppliers/Vendors to make sure the timely availability of accessories to avoid any delay in procurement.
Involved in regular reporting to management that leads towards different aspects of production planning & queries that we face in production.
Managing stock at each stage of production to minimize the WIP.
Verification of all payments for Procurement of all the Supplies & Raw Material.
•Functional audits to review effectiveness of systems, processes and procedures at different production & procurement levels.
•Assisting head of Internal Audit in developing internal audit plans and scheduling audits.
•Pre-audit of payable vouchers, bank payment vouchers and cheques.
•Examination of Daily Production Report and Wastages Reports, to analyze & reduce wastage in production.
•Identifying internal control weaknesses and gaps and recommending appropriate controls.
•Ensuring effective coordination and communication with colleagues.
•Performing post-audit reviews to determine the extent to which audit recommendations have been implemented
•Perform different assignments as per audit committee requirement including
•Systemized Gate Passes, 2) Piece Rate/Daily Wages 3)Outsourcing of operations
Looking after merchandising for Europe Market dealing with Home Textile Made
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