Chief accountant
Thimar ALarabyia Co. (Affiliated Companies , Dar Alarkan R.E. ,SHL. , ACSA.)
Total years of experience :15 years, 11 Months
Main activities:
1. Confirmed and processed investment portfolios' daily purchases, sales
2. Assisted with creation of asset management system
3. Managed the accounting and loan servicing consisting of debt and equity investments in approximately 40 companies.
4. Reviewed documentation to ensure audit requirement were met for IPO
5. Performed daily checks to verify and validate mutual fund activity to calculate net asset value.
6. Provided requirements for new loan servicing system (AMS) to IT developers. This included testing early rollouts, suggestions for enhancement and examples of how the system should function effectively.
7. Responsible for daily posting of principal and interest payments on bonds and equities.
8. Perform month-end accounting activities such as reconciliations and journal entries.
9. Respond to accounting inquiries from management in a timely
10. Provide guidance to other Accountants when needed.
11. Assist in budget preparation and expense management activities for assigned accounts.
12. Monitor and record financial transactions according to company policies and regulations.
13. Review and recommend changes to existing accounting procedures.
14. Evaluate computerized accounting systems and provide recommendations to IT team for performance improvements.
15. Generate financial reports and statements to Managers for review.
Main activities :
1. Financing Strategies
a-Ensure proper cash flow management and forecast to be able to identify ahead of time the financial needs by amount and by type (Over Drafts, Term Loans, LGs, LCs)
b-Updating and maintaining Euro needs by monitoring the Purchase Orders placed by the brand/shop managers and to cover the outstanding Euro exposure, if any
c-Applies Principle Of Cost Accounting, Collect date to determine Cost Of Business Activity such as raw material Purchases, Inventory and Labor
d- Record Cost Information For use in Controlling Expenditures.
2.Budgets Preparation and Control
a. Control compliance with the final and approved yearly operational budgets.
b. Provide details and analysis on budget variance queries.
c. Compiles cost information to be used in operating budget preparation.
d. Makes estimates of new and proposed product or service costs
3.Financial Reporting and Compliance
a. Preparation of Financial reports (Income Statements, Balance Sheets, Cash Flows, A/R And A/P Aging Reports, Inventory Figures, Fixed Assets monthly closing, Prepaid and accrual Expenses).
b. Assist in providing adequate and narrative financial highlights summarizing the operational performance of the company.
c. Ensure a monthly reconciliation and settlement of the Inter-Companies accounts.
d. Analyzes actual manufacturing costs and prepares periodic report comparing standard costs to actual production costs
4. Other Business related matters.
a. Ensure that all the payments to the suppliers are executed on time.
b. Identify financial issues within departments and work closely with them to resolve any such issues, including detailed business review, identification of efficiency savings, and development of robust financial plans.
c. Review and control of all aspects related to Cost of Goods Sold.
d. Monitoring Payroll and Fixed Assets and organizing all accounting files
Main activities :
1/ Prepare and monitor project work in progress schedules and reports (absorption costing, marginal costing, break even and variance analysis).
2/Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
3/Analyze the monthly financial statements and comparing with budgeting.
Main activities :
1/Perform monthly book closing tasks such as reconciliations, aging reporting, accounting entries as Related to Accounts Receivable.
2/ Follow up with other departments regarding payments and chargebacks.
3/ Respond to customer inquiries timely and politely.
4/ Analyzes accounts receivable, applies collection policies / procedures, and recommends accounting
treatment for delinquent accounts
5/ Supports the annual audit: creates confirmation letters and provides of the documentation for account receivable;
6/ Evaluates and processes credit applications for new customers; Other duties as assigned by the CFO.
Main activities :
1/Review all invoices for appropriate documentation and approval prior to payment.
2/Respond to all vendor inquiries.
3/Reconcile vendor statements, research and correct discrepancies; Assist in month end closing; produce monthly reports.
4/Maintain files and documentation thoroughly and accurately, in accordance with company policy and accepted accounting practices.
5/Calculate salaries and overtime.
