Accounts Manager, CPA Candidate - Ready for a new Challenge.
Al Aujan holding group
Total years of experience :11 years, 2 Months
Supervise accounting technicians and other personnel within the unit as Accounts manager.
•Maintain accurate and up to date financial records; by Recording, classifying, and summarizing financial transactions and events in accordance with financial reporting standards starting from single entry and ending by trial balance.
•Perform a variety of professional and technical accounting and financial reporting functions; maintain accuracy of general, revenue and expenditure ledgers and subsidiary financial systems; ensure system transactions are recorded properly and in compliance with the holding procedures.
•Prepare financial statements and schedules in compliance with financial reporting standards.
• Prepare of monthly, quarterly and annual financial required reports including required financial statements, schedules, notes and tables.
Use various software applications, such as spreadsheets, relational databases to assemble data for accounting and reporting purposes.
• Develop of the annual budget; monitor budget activities; forecast funds needed for firm\Company operations.
•Coordinate the maintenance of fixed asset records and accounting including the periodic Physical inventory of assets.
•Perform internal auditing of cash operations; ensure compliance with applicable financial policies and procedures.
•Advice and assisting the Management in the compilation and control of company budget.
•Reconciliation of bank statements and both statements of different creditors and debtors.
•Review and approve expenditure vouchers submitted by all of the company departments; ensure adherence to established guidelines.
•Bringing to the attention of the management any abnormality in the disbursement of the company funds.
•Compute and payment of staff salaries on a monthly basis.
•Advise on the improvement of financial management system, internal control system, the use of financial management software.
•Cooperate with external auditors to carry out annual external auditing.
•Supervise the day-to-day operation of the accounting.
•Ensuring appropriate financial control in compliance with accounting standard.
• Bringing to the attention of the management any abnormality in the disbursement of the company funds.
• Compute and payment of staff salaries on a monthly basis.
• Cooperate with external auditors to carry out annual external auditing.
• Supervise the day-to-day operation of the accounting.
• Reporting directly to FM and GM.
Experienced in accounting & finance and reporting directly to accounts manager.
Financial part :
• Preparation and presentation of monthly, Quarterly and yearly financial statements independently.
• Interact with internal and external auditors in completing audits and issuing financial statements for the fiscal year.
• Monthly report includes a clear recommendation for the management explaining the proper way for reaching the breakeven point and then achieving the higher profitability for the firm.
• Managing and preparing cash flow on a daily and monthly basis for the whole company inflow and outflow funds for top management review.
• Have a good knowledge regarding dealing & negotiating with banks for the usage of bank facilities such as (Overdraft, Letter of credit, stand by letter of credit, promissory notes & Letter of Guarani).
• Set financial loans in alignment with the organizations short and long term vision and business plan.
• Have the ability and experience to answer on any of banks inquiries / questions concerning the interim or annual financial reports for the purpose of renewing company facility contracts by using all available financial ratios generated from the financial statements.
• Analyze revenue and expenditure trends by using financial ratios to estate on the real situation for the company and recommend for appropriate budget levels.
• Preparing and providing top management with a lot of analysis reports such as sales, inventory, Customers and Suppliers with the financial ratios to take the appropriate decision to achieving company goals and higher profitability.
• Calculating fixed assets schedules & depreciation every month for the month closing.
• Monthly closing entries like prepaid, accrued, salaries, EOS &….etc.
• Undertake various tasks such as posting to general journal and general ledger, A/P& A/R
• Preparing monthly salaries, vacation pay and end of service benefit for the employees according to Kuwait laws.
• Follow up and control the sales prices and cost prices to determine the margin for the product to achieve the company profitability and report for any differences or variances appears in the margin and cost levels.
• Monthly, Quarterly &Yearly reconciliation for the company stock.
• Have a good experience on a lot of accounting programs such as (Oracle & Dynamic & MFG& Al Muhaseb & AL Rashid).
Accounts payable:
• Carrying Accounts payable responsibility for all local and international suppliers.
• Preparing and arranging all suppliers payments schedule as per company agreement and payment terms.
• Direct communication with foreign suppliers for the payments and most of imports issues to ensure receipt of payments in their account.
• Ensure all payments to suppliers, staff and other external parties are made according to company policies and procedures without any violations.
• Prepare reconciliation for accounts payable and report if any discrepancies found on aperiodic periods.
• Preparing \ Calculating costing for all of the company products supplied internally or externally and provides a clear explanation whenever required for any changes in the cost price and gross margin.
• Issuing Debit &Credit notes for the suppliers.
Accounts receivable :
• Managed receivables in a major private sector organization with an international reputation, dealing mainly in beverages and confectioneries, across the gulf.
• Providing the sales managers with customers ageing reports on a weekly and a monthly basis for the purpose of following and arranging the customer's collections cycle and the overdue amounts.
• Dealing with key customers like Sultan center, Carrefour, Jeant & City center.
• Prepare reconciliation for accounts receivables and report if any discrepancies found at the appropriate time to avoid any accumulated differences in the future.
• Dealing with most of Kuwait cooperative society in addition to factoring the A/R of through KFH.
• Reporting directly to accounts manager.
• Responsible for preparing and analysis periodic financials statement.
• Established, maintained and coordinated the implementation of accounting control procedures.
• Monitor all project financials in keeping with budgetary requirements.
• Responsible for the processing, reviewing, tracking and general ledger posting for Customer tracking, Flow up collection.
• Maintaining payment draws files and statement of suppliers and manages cash payment with limit credit files.
• Perform / review bank account reconciliations and assist with corporate balance sheet reconciliations and other corporate monthly internal management reports.
• Managing and review of LC's and deal with procurement teams and bank officers.
Communicate with operation manger, quality control, material supplier, and external parties to manage draw requests/requirements.
• Ability to interface with external or internal auditors and assist in external quarterly or annual audit reviews.
• Support Controller’s efforts for implementing and maintaining internal controls for operations, sales and finance.
• Plan, organize and direct all the activities of the cost accounting function.
• Responsible for product costing and helping management in product pricing.
• Manage day to day operations of the existing cost accounting function to monthly close and analysis.
• Analyze actual cost against standard / budget, explain variances and report this information monthly or as needed.
• Direct and prepare analysis of standard cost and break-even point and estimate and allocated overhead based in appropriate cost driver.
• Handling and monitoring accounts payable and payments schedules according to supplier terms.
• Update payments to oracle system.
• Reconcile vendor accounts to adjust\rectify any discrepancies.
• Arrange & provide financial reports as per the management request.
• Prepare bank reconciliations.
• Prepare costing for all of the company products supplied internally or externally and provides a clear explanation whenever required for any varaince in the cost price and gross margin.
• Issue debit & Credit notes for the suppliers.
• Deal with most of Kuwait cooperative society in addition to factoring the A/R of some of those coops by collecting their payments through Kuwait finance house.
• Update customer’s payment to company system.
Manage vendor and customers’ accounts, generating monthly on demand cheques.
•Handling all company accounts for all branches around Kuwait.
•Prepare reconciliation of bank statements, accounts receivables and accounts payable and report if any discrepancies found.
•Monthly stock taken for all company branches.
•Preparing monthly salaries, vacation pay & EOS for all employees.