Senior Accountant
Kuwait Rawasi Company (Prolife Foods)
Total des années d'expérience :11 years, 11 Mois
1.Responsible for timely completion of general Ledger accounting including posting transaction, accounts reconciliation, month-end closing and other daily tasks.
2.Responsible for monthly inter company reconciliation, taking actions on reconciliation transaction &submitting final report to management for the same.
3.Monthly amortization of all prepaid expenses. (Rents, insurances & other Services.)
4.Responsible for preparing monthly P&L analysis report.
5.Responsible for preparing balance sheet schedules and take necessary actions on the open item in the same month.
6.Responsible for fixed assets capitalization, maintaining fixed assets register and accounts depreciation of all the assets.
7.Calculating & creating provisions for all accrued expenses during month end closing and compare the same after receiving the actual charges for the accrued expenses.
8.Review all vouchers (Expenses, purchase & payments) & make sure that all entries are assigned to proper cost center.
9.Assists in monthly, quarterly and years ends closing
10.Match Bank accounts as per bank daily statements to spot deviations between system & company bank accounts.
11.Prepare overall budgets and mid-year forecast based on past performance.
12.Prepare & track cost over-runs and provide advice for corrective measures for cost optimization
13.Analyze and report profit margins
14.Responsible for handling external audit & internal audit requirements within the committed dead line & also coordinate with Internal & external auditors.
1.Ensure timely and accurate general ledger accounting and ensure timely closing of books of accountsmonthly and yearly.
2.Responsible for timely capitalization of fixed assets & run depreciation of all the assets during month endclosing.
3.Conduct Daily sales analysis by material, customer, group & district wise with MTD & YTD sales, comparing with LY and budgeted sale.
4.Calculating cost for all the manufacturing new & existing items & measurement of cost efficiency, cost controland reporting to the management.
5.Booking all vouchers (Expenses, purchase & payments) & assigning it to proper cost center.
6.Review daily cash report from cashier and match collections / deposits made.
7.Prepare reports for Quarterly Controllers review and Peer to Peer Balance Sheet review.
8.Prepare Monthly ROI report.
9.Prepare monthly commission for sales team as per target vs. actual achieved by them.
10.Extract reports from SAP-BI for management & sales team daily and monthly basis as per their requirementE.g. Strike rates for salesman, MTD & YTD Sales, 5 years sales data.
11.Coordinate with various departments on accounting related activities.
12.Assist in budgeting process using SAP-BPC application.
13.Responsible for handling external audit & internal audit requirements within the committed dead line &also coordinate with Internal & external auditors.
1.Clearing & Reconciling customer’s account, bank accounts, supplier accounts every month.
2.Process payment received from customers and ensures the matching of payments with related transactions.
3.Control and follow up on the credit limit and period limit of the customer based on the due amount as per the agreement.
4.Release the payment to suppliers on maturity date.
5.Liaison with bank for bank guarantees, LC Documents & LC payments, Telex Transfers, promissory notes, and ensuring timely posting of payments.
6.Prepare Invoices & Delivery Orders accurately as per the terms and condition in letter of credit and purchase order.
7.Maintaining LC payments register for all the usance LC & arranging funds for the same.
9.Prepare Expense Report - Project wise as per the expense incurred till date and creating provisions if required.
10.Month end closing processing.
11.Supporting the external audit by resolving questions and providing requested schedules in a timely manner.
12. Following up on the disputed items in the supplier reconciliations
13.Follow up on the open POs
14. Follow up on the Advances to the suppliers
• Create Purchase Orders and ensuring that its delivery is on time.
• To review weakly sales and collection report and take corrective action
• Monthly Closing with full responsibility of the Account Receivable, Cash Management, and General Ledger functions.
• Checking & Posting of Invoices, Credit notes, Debit Notes.
• Reviewing all the general vouchers to be processed in the system
• Preparing receivables ageing report as an when required by the management
• Preparing supplier ageing report as when required by the management
• Keeping track of reads foreign different foreign currency and purchasing the currency as an when the rates are suitable
• Communicating with banks and exchange houses on different issues
• Reviewing Customer Reconciliation on Monthly basis
Masters of Business Administration Specialized in Finance Tilak Maharashtra University, Pune, India Completion Date: May 2011