Finance Executive
AXA Insurance (Gulf) B.S.C. (c)
Total years of experience :28 years, 6 Months
Working since 2001 in finance dept and handled in various areas of accounts such as accounts receivable, accounts payable, petty cash.
• Accounts receivable-
•Collection of Insurance premium from insured, brokers and corporate clients in the counter by issuing receipts in different modes as cash, cheque and credit cards.
•Arranging to deposit cash and cheque in bank of daily collection and tally credit card entries on daily basis including call center. Payment of premium refund after he cancellation of policy.
•Generating statement of account for the brokers/clients
•Petty cash
•Maintaining petty cash within the allotted cash floats
•Validating expenses bills submitted against petty cash and account in to the system.
•Accounts Payable
•Handling medical and non-medical claims disbursement (including reimbursement basis) for UAE and Gulf region clients/providers by cheque/TT. Inter office claims of Bahrain, Qatar, Oman and KSA.
•Validation of claims from the system.
•Reimbursement claim payment 200 average per day and Provider twice a month.
•Number of providers (per account) above 1000 and payment amount average AED.35 million/month
•Co ordinate with HSBC person to resolve daily issues of Bank transfer and Auto pay.
•Receive claim cheque from HSBC on daily basis and hand over to dispatch team after completion of reconciliation between number of claims cheque received from bank against validated in the system
•Updating creditors list to RO finance for automated payment process in medical providers as and when basis
•Co ordinate with IT dept on time to get the reports generated to finish the claims disbursement as per the TAT.
•Liaise with concern finance person in other branches (Bahrain, Qatar, Oman & KSA) to resolve inter branch transaction of claims.
•Attend meeting with medical claims related managers to exchange current strategy of procedure in the area. Frequent discussion with immediate manager about the current status of payment process and accept advice and exchange suggestions.
•Settlement of commission to the various brokers on fortnight basis.
•Processing staff reimbursement bills after verifying bills. Update Regional payroll team with staff reimbursement details.
•Accounting of various expanses such as purchase invoices, travel invoices, Travel expanses of Managers official visits of abroad, Company telephone bills, fax bills and mobile phone bills of staffs and process payment on time.
•Accounting of expense of Company and staff Utility bills and timely settlement
•Monthly accruals on expenses incurred but awaiting invoices on monthly basis.
•Accounting company office rentals and Staff rent and settle on time. Accounting of interbranch expanses and interact with concerned staff of other branches.
•Accounting management expenses and report monthly to the Manager after review
•Co ordinate with department team to complete the process of monthly, quarterly and yearly closing
•Major Reconciliation of accounts
•Various Bank reconciliation on monthly basis
•Inter office/branch reconciliation: coordinating with other regional finance for clearing IBT entries on monthly basis.
•Various control account reconciliation like visa card, master card, payment gateway, cash control account, transit sun ciris account.
•Reconciliation of various vendors/providers accounts
•Miscellaneous task
•Generating various reports like premium register, claims paid registers, outstanding claims register, etc.
•Arranging archiving old files
•Maintaining inventory of stationery and cheque books.
•Attend audit quires and provide necessary documents on audits.
•Ensure to complete work desired in turnaround time and to meet the dead lines of Regional office.
•Work extra hours as and when necessary to meet the pressure due to the large volume.
•Liaise with auditors
•Document generation for VAT
•Worked in CIRIS AND SUN software Package
•Supporting colleagues in handling other works related to motor claims and motor recovery.
Checking of daily sales collection and stock verification.
•Booking of expenses and processing supplier payments (local and foreign) and general payments, reconciliation of payable accounts with supplier statement of accounts.
•Monthly reconciliation of Bank, Purchases and stock books.
•Maintaining of fixed asset register, deposit accounts.
•Handling petty cash.
Booking of sales invoices through ‘Chemilion 2000’ system
•Supervision of supplier invoice booking and payment.
•Preparation, maintaining analysis and follow up for accounts receivables/payables.
Checking of daily collection and banking,
•Checking of purchase invoices and processing payment.
•Surprise checking of showroom stock and inventory records.
•Preparation of salaries and passing necessary entries.
One of the largest construction companies in the Sultanate of Oman)
•Project analysis, coordination with purchase and finance departments to get relevant document for processing payment and project expense evaluation
checking of books such as sales, purchases, stocks and production records
Maintaining stock and keeping purchase records, issue stock as per requirements.