Senior Accountant
Bin Hendi Enterprises
مجموع سنوات الخبرة :13 years, 9 أشهر
Bin Hendi Enterprises is a renowned and esteemed business conglomerate in the United Arab Emirates, prominently involved in the domains of Fashion, Furniture, Hospitality, Legal Services, Pharmaceuticals, and Real Estate.
Below are my main duties:
• Preparing financial statements by IFRS requirements after monthly closing of accounts.
• Coordinating with banks and insurance companies for routine matters.
• Assisting in finalizing budgets in consultation with relevant departments, conducting monthly variance analysis of general ledger accounts against allocated budgets and previous years, and reporting to management.
• Performing daily bank reconciliation and providing management with funds position reports.
• Monthly reconciliation of inter-group balances by verifying, allocating, posting, and reconciling transactions and resolving discrepancies.
• Maintaining the fixed assets register and fixed assets module, including additions, deletions, and posting monthly depreciation.
• Preparing monthly payment schedules to improve cash flow position and conducting analysis.
• Processing monthly payments based on due invoices and releasing them according to fund availability after consultation with the manager.
• Booking prepayments & accruals for monthly closing.
• Performing monthly VAT reconciliation and ensuring timely VAT return filing with the Federal Tax Authority.
• Coordinating with external auditors to finalize previous year audits and establishing streamlined policies for the timely completion of future audits, including preparing workings and schedules for expected credit losses (ECL) by IFRS 9 and lease accounting as per IFRS 16.
• Carrying out any other duties assigned or as judgment or necessity dictates.
It’s a conglomerate of different businesses, including Legal Services, Real Estate Investments, Construction, & Transportation. My main duties were as follows:
• Preparation of monthly, quarterly, and annual financial statements for group companies.
• Maintaining up-to-date financial records of lease properties, including lease rental incomes & maintenance expenses
• Receivables Management - Monitor and follow up on receivables of lease rentals & dues of tenants.
• Processing of payment of property-related expenses.
• Managing the bank accounts, Including, bank reconciliation & extensive PDC management.
• Maintaining the fixed assets register and fixed assets module, including fixed asset additions, deletions, and monthly depreciation for the group entities.
• Booking of prepayments, Accruals, and provisions for monthly closing for group entities.
• Monthly Closing of accounts payable and receivable.
• Performing intragroup balance reconciliations of Ziad Galadari Group
• Assisting the HR & payroll team with the monthly salaries of group companies.
• Assisting with preparing budgets, conducting variance analysis, and reporting to the Manager.
• Liaising with external & internal auditors and conducting financial audits of the group companies.
• Reviewing & submitting VAT returns every quarter for the group companies.
One of the oldest and among the largest law firms in the Middle East with a team of over 70 lawyers.
• Preparation of financial statements, including lawyer’s performance report and other key management reports every month.
• Issuance of monthly invoices to key Government & Royal Families clients monthly.
• Preparation & processing of payments to monthly suppliers.
• Performing bank reconciliation, credit card statement reconciliation, and various general ledger reconciliations with sub-ledgers, investigating the variance and taking corrective measures.
• Reconciliation of branch balances.
• Calculation of lawyers’ bonuses based on their targets and contracts.
• Reconciliation & recordkeeping for the clients’ money on account and deposit and disperse funds.
• Preparation of audit schedules for the annual audits
LAVITA was established in 2007 and has branches across Dubai., providing catering services to various government departments & individual customers.
My job description defined the scope of my work as follows:
• Preparation of the company’s financial statements.
• Ensure the proper recording of sales and purchases by reviewing source documents and proper cut-off at the month-end.
• Payment follow-ups on credit sales to government & private clients.
• Processing of vendor’s payment based on agreed credit period and payment terms.
• Processing of payment of monthly salaries including overtime & EOSB.
• Reconciliation of banks, reporting of daily cash & bank activities including deposit of checks & cash & credit card sales to the bank account.
• Costing of product.
• Reconciling inventory at the main store and outlets & preparing the reports of variances per sales quantity and inventory.
Nexia International is a renowned Chartered Accountancy firm in the world, my association with Nexia International facilitated me in developing knowledge of International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), International Standards on Auditing (ISA), effective auditing procedures, business processes, regulatory requirements, accounting, and internal control, across a diverse portfolio of corporate clients.
Routine tasks for day-to-day activities include:
• Drafting reports, including disclosures and management letters, highlighting internal control weaknesses and risks, business improvement points, and suggestions.
• Preliminary planning and development of detailed audit plan for financial audits of various sectors.
• Time budgeting, preparation of financial statements, preliminary risk assessment, and review of accounting and internal control systems.
• Ensuring compliance with applicable statutory legislatures and International Financial Reporting Standards (IFRS) & GAAPS.
• Gained experience in designing and implementing accounting and related internal control systems and conducting a detailed review of internal control systems to highlight areas needing improvement.
• Analysis of financial statements, comparison of actual financial performance with budgets and prior years, and investigation and explanation of variances.
