Chief Accountant
AL KHAJA HOLDING
مجموع سنوات الخبرة :12 years, 0 أشهر
Chief Accountant JULY 2016-PRESENT
Preparing combined financial statements and other operating data on monthly basis. Working alongside the finance and operational teams, guide and be involved in the execution and preparation of individual/combined financial statements.
Prepare budgets by coordinating with division managers; collecting, analyzing and consolidating financial data. Achieving budgets objectives by scheduling expenditures; analyzing variance and initiating corrective actions.
Produce regular treasury management information packs including Receivable/Payable aging, PDC Reports, Bounced Cheques, Daily sales, collection & deposit reports etc
Supervising monthly close activities including revenue recognition process, identification of accruals and prepayments, depreciation, End of Service benefits etc.
Timely review of monthly reconciliation of Banks, Cash, Prepaid Fuel Cards, Customs, Salik recharge & Credit Card Accounts to resolve any differences. And approve supplier/customer balance confirmations.
Oversee the related party balances and Reconciles transactions by comparing and correcting data.
Prepare (Limited) Review, and approve monthly payroll, Leaves & final settlements.
Manage General Ledger, Fiscal Closing, and Ensuring all accrual entries, provisioning and other adjustment entries related to closure of books are posted correctly.
Key member in managing external audit, tax, ADNOC In-Country Value (ICV) certification & improvement plans and ad hoc internal audits.
Represent and act as interface for the Accounts Department to business units or key internal or external clients on a variety of financial related topics.
Implementation of VAT
Responsible for readiness and implementation of VAT including VAT Group registration, Upgrading Accounting software (Microsoft Dynamics GP, Tally) for necessary procedure changes.
Educate Accounts, Finance and other functions on tax processes and raise awareness for group tax risk and exposures.
Review terms and conditions in contracts and agreements to determine VAT implications & provide inputs from a VAT perspective into company strategies, policies and procedures.
Manage external tax authorities regarding tax inquiries.
Ensuring correct application of relevant VAT Laws, reconciliation of VAT accounts as well as
resolution of variation and problems that occur.
Consolidate; reviewing & submitting Tax Group VAT Return in compliance to legislation and
regulations with monthly tax period.
Oversee the work of daily accounting activities required to maintain the Company’s General Ledger
Verify and Review whole month work of ERP Staff (including, but not limited to, Cash
Reconciliations, Customers & Suppliers Ledger Reconciliations, Accounts Receivables Transactions,
Accounts Payable Transactions, Debt Activity, Recording of Revenue and Expenses).
Oversee and supervise the process of Monthly Financial Statements for all companies of Group and
verify its accuracy and suggest any improvement plans.
Analyze and review the Cost Allocation and Activity Based Costing practices of organization and
identify any variation from best accounting principles of cost accounting.
Maintains organized set of records and files to document financial transactions.
Resolves complex accounting issues and resolves issues raised by ERP team and Vendor
Provides support during critical business processes (e.g. month end, sales operations, production
operations) to ensure smooth business operations
Doing Accounts Reconciliations exercise for All Accounts Payable and Receivables and doing this
exercise internally within company with Salesman as well as externally with Customers
Review of Monthly Salaries and Overtime Calculations and timely inform any ambiguities.
ERP Support Executive:
Change Management in ERP and conducting End User Training with the Coordination of Vendor.
Giving Input regarding accounting system and procedure in General Ledger, Sales, Inventory,
Account Receivable, Account Payable, Production, Import & HR and Admin Modules.
Create and Manage Chart of Accounts in ERP System.
Grant user access on different Modules
Generate Reports from ERP System.
Perform error detection and rectification on the basis of different ledgers.
B.SC (HONS) IN APPLIED ACCOUNTING
UAE CHARTERED ACCOUNTANT (UAECA)
Qualified CHARTERED CERTIFIED ACCOUNTANT
ADVANCED DIPLOMA IN ACCOUNTING AND BUSINESS