Project Accountant
Emirates Transport
Total des années d'expérience :14 years, 2 Mois
April 2014 to present
The Emirates General Transport and Services Corporation -Dubai U.A.E
(Engineering office Project- for HH Sheikh Muhammad) Position: Project Accountant
Responsible for finance function of project and representing head office’s finance function for
project (Annual project’s worth more the AED 50m/year). Reporting to Project manager and Finance director.
Snapshot of Job Descriptions:
• Being overall responsible for maintaining of accurate and up to date accounting records for external as well as internal audits and in compliance with company’s policies.
• Produce monthly finance reports for the project team, to agreed timetables, showing budget, forecast, committed and actual performance against plan, with breakdown of costs and written commentary.
• Preparation of Annual budget, analysis & reporting of variances and discussing variances with project manager for finance requirements, staffing and work plans to ensure the smooth and effective project activities.
• Monthly closing of accounts and preparing profit and loss statement & management accounts on the Project level.
• Ensure consistent and accurate invoicing and financial reporting at project level as per the terms & conditions of the agreement between emirates transport and engineering office.
• Dealing with suppliers and coordinating of procurement process as per company’s policy & procedures, Issuing of Purchase requisition (PRs), local purchase orders(LPOs), Good Received Note (GRNs) verification of invoices, credit notes, processing invoices for payment and reconciliations.
• Preparing monthly project invoices (based on normal and overtime hours & other reimbursable expenses) to be sent to client as per agreed rates in contract (over 500 employees charged at over 15 different rates).
• Treasury management including receivables, payables, and cash flow management.
• Designing, documentation, coordination and implementation of new controls & procedures.
• Recording of expenses for project and labor camp in Oracle and reconcile with head office for reimbursement.
• Charging of other expenses directly to client paid on his behalf and to borne by client as project agreement.
• Maintaining of records for employee’s advances and deductions to be made from payroll.
• Recording and processing of billing back Expenses used by supplier provided by company.
• Review of employees’ time sheets and notifying concerned supervisors of any errors.
April 2011 to April 2014
Adamjee insurance company - Dubai, U.A.E
Position: Accountant
Working under the supervision of Financial Controller responsible for smooth running of the processes of the Accounting & Finance section on business level.
Snapshot of Job Descriptions:
• Monitoring of trade receivables as per agreed schedules and reporting to financial controller and General Manager direct liaison with the "credit & collection" segment of the organization regarding recovery projections and setting of their recovery targets.
• Making sure the collection premium from brokers (more than 70 Brokers all over UAE) and development staff is received in time and full.
• Reporting to the top management on the status of trade receivables and the variation from targets.
• Preparation of Monthly statements of Brokers & Development Staff regarding the performance and status of targets achieved.
• Treasury management & cash flow management of different types of accounts with financial institutes.
• Preparing cash receipts and summaries for all receipts both through Banking channels and cash on daily basis after taking care of the correctness and due authorization of deductions on account of commission and discounts as applicable for each transaction (more than “7 Million in a month and more than 85million in year.”)
• Liaison with banks regarding the deposits of outstanding premiums through cash and cheques and updating the clearance status on daily basis.
• Preparation monthly bank reconciliations of different bank accounts
• Daily ‘’Reconciliation of cash received’’ in office by direct business customers & depositing the cheques and cash received in office on daily basis.
• Maintenance of records of agencies, garages as well as ‘’Repayment of claims’’ and making sure the payments are done in timely manner as per the agreed schedules.
• Preparing of monthly payments to agencies/garages and cash loss settlements of claims as per agreed schedule on time.
• Regular visits to different Brokers and agents’ offices for reconciliations of any disputed issue in records.
• Updating customers regarding the status of payments made and dishonored cheques - if any.
• Maintenance of updated Fixed Assets register, keeping records of disposals/additions and application of depreciation rates on fixed assets.
• Verification of interest on FDRs and choosing the banks for FDRs with maximum returns.
• Maintenance of close relationship with claims department for salvage on monthly basis.
Responsible for different functions at different stages of audit and accounting assignments completed during the fruitful training and learning tenure under the direct supervision of highly skilled chartered accountants with one of the leading firm in the area. The main tasks done during this period are:
• Being the core member of the allocated audit team responsible for Audit planning to mitigate the risks by considering the relevant risks and pitfalls in the specific company as well in the industry.
• Execution of external audit assignments as per the International Auditing standards (ISAs) issued by International
• Auditing and Assurance Standards Board (IAASB).
• Making sure the allocated assignments are done in timely manner as per the plan agreed.
• Checking compliance of accounting records of the Audit subjects (companies or specific projects) with parameters (IFRSs and industry standards) agreed upon.
• Drafting of matters of significance to be discussed with senior management and also material misstatements to be reported in Audit report (external).
• Checking compliance of relevant industry and legal regulations.
• Checking compliance of accounting procedures and records with applicable income tax and withholding taxes rules.
• Checking of accounting records with supporting documents.
• Checking compliance with approval limits set within the system
Professional Memberships: • Associate Member – Association of Chartered Certified Accountants (ACCA- UK) • Member – Accountants and Auditors Association, U.A.E Qualifications: • CA (United Arab Emirates Chartered Accountant) - Accountants and Auditors Association, UAE • ACCA - Association of Chartered Certified Accountants (ACCA-UK) • Masters in Economics (MSC) - Peshawar, Pakistan • Bachelor of Commerce - Peshawar, Pakistan
Bachelor of Commerce (B.Com) • University of Peshawar, Pakistan.
Diploma in Commerce (D.Com) • N.W.F.P Board of Technical Education Peshawar, Pakistan Page1of 3