Senior Accountant
Al Nisr Publishing LLC
Total years of experience :16 years, 3 Months
Revenue and Cost Accounting Functions:
• Assist in the preparation of financial reports such as financial statements and budget performance.
• Preparation of audit reports and schedules and liaison with the external auditors.
• Involve in monthly VAT reconciliation for VAT Return filing.
• Provide accurate, timely, and relevant recording, reporting, and analysis of financial information.
• Provides financial highlights or explanation for the variances of Actual Revenue and Actual Production Costs as compared to budget and/or forecast; this includes product margin reporting and analytics.
• Prepares Days Sales Outstanding analysis.
• Prepare journal entries every month-end close such as expense accrual, account reclassification with organized set of detailed records and files to support each journal entries.
• Review and process bank documents related to import of materials with CAD payment arrangement.
• Process accounts payable transactions using 3-way match, preparation of narratives and submit to Accounting Manager for payment approval.
• Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements, etc.
• Reconciling processed work by verifying entries and comparing system reports to balances.
• Paying vendors by scheduling pay checks and ensuring payment is received for outstanding credit; generally responding to all vendor enquiries regarding finance.
• Continuing to improve the payment process.
• Prepares vendor reconciliation. Follow up and resolve discrepancies in invoices promptly with internal and external parties. Resolve problematic invoices and payments inquiry by liaising with internal and external business partner or vendors.
• Conducts monthly physical inventory verification and generate report for management.
• Analyzes inventory stock holding days.
• Work with production stores and production planning team to identify obsolete inventory.
Other Accounting Functions:
• Completing monthly bank reconciliations, along with research and follow through of unreconciled items, for assigned accounts and ensure that cash in bank balance and cash balance per book are reconciled.
• Involve in cash flow projection to ensure that funds are sufficient for operational requirements.
• Review and processing of customers’ credit facility.
• Review and processing of write-off cases.
• Review and Analysis and reconciliation of Comparative Manpower Count & Cost Report.
• Review and prepare synopsis of contract and agreement.
Compliance Functions:
• Regularly check advertisement bookings and documents to identify possible deviations from
company policy.
• Create and manage effective action plans in response to audit discoveries and compliance violations.
Adhoc Reporting Functions:
• Support to Finance Manager in the preparation of financial analysis for new business proposal from Commercial Director.
• Support to Finance Director in the preparation of financial analysis required by the top management.
• Creating excel-based templates and report formats with advanced excel formulas for accuracy and efficiency.
Accounting Functions:
• Assist in the preparation of financial reports such as financial statements and budget performance.
• Preparation of audit reports and schedules and liaison with the external auditors.
• Provide accurate, timely, and relevant recording, reporting, and analysis of financial information.
• Work on an ad hoc basis with the Corporate Finance Team to deliver added value financial information and processes to the business.
• Collect and prepare information required for financial reports.
• Prepares Days Sales Outstanding Analysis.
• Maintains Fixed Assets Ledger and Capital expenditure related acquisitions, movements and disposals.
• Review and analysis of all GL entries and ensure that monthly closing activities are met within deadline set.
• Prepare journal entries every month-end close such as expense accrual, account reclassification with organized set of detailed records and files to support each journal entries.
• Responsible in updating and maintaining Trade and Intercompany payable and receivable accounts.
• Post to the general journal and general ledger cash, A/R and A/P.
• Prepare vendor reconciliation. Follow up and resolve discrepancies in invoices promptly with internal and external parties. Resolve problematic invoices and payments inquiry by liaising with internal and external business partner or vendors.
• Coordinate Intercompany and Vendor invoices and timely circulation of invoices for approval.
• Prepare journal entries every month-end close such as expense accrual, account reclassification with organized set of detailed records and files to support each journal entries.
• Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements, etc.
• Reconciling processed work by verifying entries and comparing system reports to balances.
• Paying vendors by scheduling pay checks and ensuring payment is received for outstanding credit; generally responding to all vendor enquiries regarding finance.
• Responsible in creating Authorization for Expenditures (AFE) in the system.
• Process claims administrations and perform bank reconciliations.
Accounting Functions:
* Prepare the complete Financial statement for presenting to company’s public auditor and assist
on all audit requirements.
* Analysis of periodic management reports, P&L and cost reports for consolidation.
* Review and analysis of all GL entries and ensure that monthly closing activities are met within
deadline set.
* Supervises accounting staffs to ensure strict compliance of financial systems and procedures.
* Ensure that ALL month-end activities including journal entries, balance key GL account scrutiny
and reconciliations are performed accordingly.
* Responsible for sending out weekly collection letter to Trade customers to ensure timely Cash
inflow.
* Verifies and validates completeness of sales invoices and miscellaneous invoices recorded and
reconciliation made before processing billings or collection letter to affiliated companies.
* Maintains Fixed Assets Ledger and Capital expenditure related acquisitions, movements and
disposals.
* Executes Monthly Depreciation Run and generates depreciation lapsing schedule.
* Prepares schedule of Corporate Loans Payable, interest accruals and forex gain/loss recognition .
* Ensure completeness of all Inventory Account items, maintains correct pricing, implement interim
and yearend inventory counts and generates SAP Variance report analysis .
* Work on an ad hoc basis with the Corporate Finance Team to deliver added value financial
information and processes to the business.
Accounting Functions:
* Maintains and records inter-company transactions including Invoice issuance and payment of
inter- company billings.
* Post to the general journal and general ledger A/R and A/P.
* Coordinate Intercompany invoices and timely circulation of invoices for approval.
* Processed timely payment of Intercompany invoices; ensure all supporting documents are
attached with the payment vouchers.
* Prepare aging of accounts and analysis.
Graduated with Honors