Senior Accountant
LAVA INTERNATIONAL DMCC
Total years of experience :14 years, 8 Months
Designation:
• Senior Accountant
Key Responsibilities as Senior Accountant:
• Spearhead the financial accounting department, with focus on maintaining complete accuracy, transparency, and integrity within all transactions.
• Ensured that all financial transactions between the company and other parties are recorded appropriately and verified whether all details are mentioned accurately.
• Worked towards generating error-free accounting reports and presented their results to the senior leadership team for review and decision making purposes.
• Led and managed the month-end closing of books of accounts, in line with pre-defined organizational guidelines and industry best accounting practices, and met deadline set forth by the Head Office
• Ensure petty cash payments are made only after signature by authorized personnel with proper documentary supports.
• Ensure General Ledger entries are accurate and are in line with Company Procedures, and finalize Trial Balance with supporting schedules, pass the accrued & recurring entries and posting in SAP ERP system after approvals.
• Ensuring accurate and appropriate recording(monthly Billing & Purchasing) and analysis of revenues and expenses.
• Ensure reconciliation of sub ledgers & general ledgers, inter company, bank reconciliation is performed on regular basis.
• Liaison with auditors and preparing required schedules and draft financials.
• Liaison with the management located in Middle east in order to Analyze the regional budgeting reports and cost analysis, and review meeting with regional heads about performance.
• Provide Regional and Country wise report to CFO based on month-end Accounts to review subsequent month budget.
• Prepare daily and monthly Operational and Cash Budget and report to Head office.
• Monitors timely collection of Accounts Receivable, reconciles clients account and prepares Statement of Account.
• Approving claim for marketing expenses.
• Monthly promoter salary review and approvals.
Designation:
• Senior Accountant
Key Responsibilities as Senior Accountant:
• Spearhead the financial accounting department, with focus on maintaining complete accuracy, transparency, and integrity within all transactions.
• Ensured that all financial transactions between the company and other parties are recorded appropriately and verified whether all details are mentioned accurately.
• Worked towards generating error-free accounting reports and presented their results to the senior leadership team for review and decision making purposes.
• Led and managed the month-end closing of books of accounts, in line with pre-defined organizational guidelines and industry best accounting practices, and met deadline set forth by the Head Office
• Ensure petty cash payments are made only after signature by authorized personnel with proper documentary supports.
• Ensure General Ledger entries are accurate and are in line with Company Procedures, and finalize Trial Balance with supporting schedules, pass the accrued & recurring entries and posting in SAP ERP system after approvals.
• Ensuring accurate and appropriate recording(monthly Billing & Purchasing) and analysis of revenues and expenses.
• Ensure reconciliation of sub ledgers & general ledgers, inter company, bank reconciliation is performed on regular basis.
• Liaison with auditors and preparing required schedules and draft financials.
• Liaison with the management located in Middle east in order to Analyze the regional budgeting reports and cost analysis, and review meeting with regional heads about performance.
• Provide Regional and Country wise report to CFO based on month-end Accounts to review subsequent month budget.
• Prepare daily and monthly Operational and Cash Budget and report to Head office.
• Monitors timely collection of Accounts Receivable, reconciles clients account and prepares Statement of Account.
• Approving claim for marketing expenses.
• Monthly promoter salary review and approvals.
Handled all activities involved in the preparation and recording of sales invoices, and conducted follow-ups with relevant
parties to streamline account receivables.
** Spearhead the financial accounting department, with focus on maintaining complete accuracy, transparency, and
integrity within all transactions.
** Conducted ageing analysis to evaluate outstanding payments, generated detailed reports and consulted with the
management for deciding further action.
** Ensured that all financial transactions between the company and other parties are recorded appropriately and verified
whether all details are mentioned accurately.
** Worked towards generating error-free accounting reports and presented their results to the senior leadership team for
review and decision making purposes.
** Led and managed the month-end closing of books of accounts, in line with pre-defined organizational guidelines and
industry best accounting practices.
** Monitored and recorded provisions for leave salaries, air tickets, accommodations, and end of services benefits, on a
monthly basis.
** Liaison with auditors and preparing required schedules
** Reviewed monthly payroll.
** Dealt with letter of credit for the overseas procurement.
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** VAT Scope of Work: -
o Ensure that financial transactions are in compliance with the VAT regulations.
o Handle VAT reporting (Output and Input). Ensure collections and payments are done in line with UAE regulations.
Manage tax issues with customers and suppliers.
o Preparation, validation and submission of VAT return & meet deadlines.
o Maintaining adequate records as per FTA requirements.
o Minimizing compliance issues. Take preventive actions to avoid penalties.
o Researching, analyzing and interpreting changing tax legislation in both inside UAE and in GCC to ensure that the
systems and/or processes are updated.
o Co-ordinate with team to ensure compliance with policies and procedures and ensure Tax practices comply with
FTA Regulations.
Provide assistance in
** Recording invoices
** Preparing payment vouchers
** Handling petty cash
** Document controller for finance department
** Bank reconciliations
• BSc (Hons) Applied Accounting, Oxford Brookes, UK.