Finance Specialist
Averda International
مجموع سنوات الخبرة :16 years, 5 أشهر
• Review and manage financial transaction.
• Accounts Receivable & Accounts Payable management to fulfill daily and future cash flow requirement.
• Preparation of MIS reports.
• Identifying and provide justification for variances as compare to budget.
• Preparation of financial statements as per IFRS.
• Supervision of account team.
• Preparation of financial documentation and reports to support business financial goals and objective.
• Preparation and submission of responses to requests and requirements of auditors, regulators and investors.
• Monitoring budget and revenue trends, compiling reports for company leadership to help in decision-making.
• Contacted customers to immediately find resolutions for escalated issues.
• Suggesting management for savings and budget achievement.
• Support group finance projects.
• Manage tax returns and reconciliations on quarterly basis.
• Govern risk management process.
• Monthly preparation of business unit wise MIS and providing explanation for variances as compared to budget.
• Preparation of standalone and consolidated Financial Statements for final audit.
• Monitor the general ledger transactions to ensure proper accounting of provision, accruals, and prepayments to present true and accurate financial position of the company.
• Managed revenue tracking for different channels and report to management for any shortfall.
• Trained new and existing staff members in various financial procedures to prepare for job requirements.
• Monthly VAT and excise tax working and submission to authorities
• Monthly rebates & rentals calculation verification.
• Verification of staff payroll prepared by HR.
• Monthly calculation of provision for gratuity and airfare.
• Preparation of department wise opex report and verifying transactions are allocated correctly to concern departments.
• Checking and verifying supplier reconciliation for payment processing.
• Be part of different projects with respect to Tax (VAT & Excise) treatment and Oracle implementation setup.
• Budget preparation for People cost and opex.
• Preparation of staff incentive for different department as per company policy.
• Ensuring that all intercompany transactions are recorded properly.
• Ensuring that all the tax related accounts are reconciled regularly.
• Ensuring that respective module and GL control accounts are reconciled on monthly basis.
• Responsible for internal and external audit execution.
• Coordinate with all finance team to ensure that balance sheet reconciliation is done on timely basis and properly filed for CFO review.
• Costing for new items and for export to see the margins, which help management to take better decision.
• Prepare the landed cost variance analysis and reconcile on monthly basis.
• Standard cost variance (PPV, MUV) analysis and release the period portion to income statement to reflect the actual cost of goods sold.
• Preparation of daily sales report and compare the same with budget to identify major variance, so that management can take appropriate decision.
• Export documents preparation with the help of operation department.
• Payment process of suppliers through cheque & online after reconciling their SOA.
• Supervise AR & AP function to ensure we receive our funds timely and similarly pay to our suppliers in time so that there will be no interruption in business operation.
• Processing payroll after reconciliation with respect to head account.
• Fixed assets capitalization, depreciation calculation and ensuring CAPEX policy is being followed in recording.
• Preparation of balance sheet account reconciliation.
• Maintaining prepayment & fixed asset schedule.
• Module reconciliation (AR, AP, Inventory).
• Follow-up for advances to supplier.
• Compile data for sales & purchase for VAT filling.
• Intercompany reconciliation of all group companies.
• Coordinating with accounts manager in finalization of management accounts and annual audit.
• Provide detailed monthly operating results and analysis of cost per cost center and analyzing main variances with budget and previous year.
• Assist accounts manager in the implementation of Group internal control procedures in order to verify the integrity of all financial information, ensure and maintain historical records.
• Oversee, compile and analyze daily operations and financial information of the finance department.
• Liaise with internal and external auditors ensuring audits are completed within timeline.
• Assist the management and accounts manager, ensuring that operational areas are managed efficiently and effectively to insure a low administrative cost and preparing the annual budgets and forecasts.
• Developing reports for top management summarizing the business financial position in areas of income, expenses, capital usage and cash flows.
• Ensures that monthly closing of books is delivered on time without major adjustment.
• Supervising accounts, costing and warehouse team and responsible for periodical reporting of financial performance, financial position and cash flows of the company to the management.
• Preparation of inventory reports for bank authorities to take facility.
• Liaison with external auditor for finalization of annual financial statements to be submitted to company shareholders.
• Ensures monthly reconciliation of Good Receipt Notes (GRN) and actual payments are done on a monthly basis.
• Inventory Control - monitoring import purchases, verification of goods issues to various shops, physical verification of stock with the help of internal auditor etc.
• Calculating and uploading of sales tax to be paid to Government authorities on their website and managing proper documentation for future reference.
• Calculating withholding tax detail of suppliers.
• Managed daily activities for handling accounts up to finalization.
• Ensured accuracy of all the daily transactions posted in the system.
• Monitored daily bank balances through internet banking and prepared daily bank reconciliation.
• Weekly review of report for sale, purchase, receivable and closing stock for wholesale division.
• Reviewing comparison of sales with budget and identify the major difference with the help of sales manager.
• Sales analysis with respect to product category, shop & profit.
• Verification of GL-3 expenses received from shops before entering in system.
• Monthly customer account reconciliation.
• Module reconciliation.
• Explain company policies to staff.
• Provident fund loan verification.
• Follow-up of advances to employees for expenses
• Maintaining customer files and follow up for payments.
• Preparing cost details with respect to projects.
• Preparing and maintaining files for land owners.
• Preparing bank reconciliation.
• Outstanding balances detail against each file.
• Monthly & annual withholding tax working.
• Salary disbursement to labor.
• Posting of voucher like bank payment, bank receipt, depreciation, prepayments in software.
• Processing payments for supplier.
• Preparing P&L and Balance Sheet.
• Physical stock verification on monthly basis.
• Assisting accounts manager in audit.
Public Finance Accountant