Senior Accountant – Construction Division
Ali Alghanim & Sons
Total years of experience :20 years, 0 Months
• Follow up with Management team for new tenders, cost estimation, tender pricing, and facilitating information requirements for new project facility from banks /financial institutions.
• Close monitoring & follow up of financial requirement from project mobilization to project completion.
• Review, monitor and follow up on project cost budget. To work closely with the planning engineer /project manager, Investigate project variances and submit variance reports to Senior authorities.
• Monthly reporting on project profitability to Senior authorities.
• Investigate, maintain & follow all project works not billed to customers
• Close out project accounts with demobilization check list upon project completion
• Supervise periodic reconciliation of project accounts.
• Audit support as required and performing other duties as assigned.
• To serve as a backup for other related functions as needed.
• Performs other duties as assigned
• Supervise reconciliation (Supplier & Sub-Contractor) of all project accounts and error free transactions.
• Ensure adherence to the projected cash inflow plan, identify/analysis the variance & report.
• Efficient follow up of receivables within agreed payment terms.
• Ensure periodic reporting of project status.
• Prepare yearly budget, profit and loss statements and monthly closing and Sales,
cost accounting reports.
• Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.
• Monitor and review accounting and related system reports for accuracy and completeness.
• Handling & following Letter of credit, Letter of guarantee.
• Review customer orders and approve expenses, and invoices, and reconciliation of customers Accounts.
• Review stock orders and back to back orders from international supplier.
• Support timely and accurate accounts payable (AP) process, which includes: receiving invoices and efficiently implementing internal flow to ensure recording related.
• Reconcile accounts payable transactions, Research and resolve invoice discrepancies and issues.
• Ensure that the different types of payments are made accurately and enter them into the system.
• Control the approved advance payment requests for supplier and ensure the payments are done.
• Prepare and process transfers and payments
• Respond to all supplier queries regarding payment processing in order to ensure contractual obligations are met.
• Manage all petty cash, material purchase.
• Follow up cost of Job orders for reassembly jobs.
• Supervise the input and handling of financial data for the company’s automated system (Inventory reconciliation) .
• Liaise with Internal & External Auditors.
Review and clarifying all accounting aspects of contracts with main contractors.
•Manage all petty cash, subcontract payment, material purchase, and main
store issue accounts.
•Classifications of all project expenses.
•Cash flow monitoring of the project
•Handling & following Letter of credit, Letter of guarantee, Retention of project
•Reconciliation of Accounts.
•Preparing project closing report.
•Full charge processing of all accounts receivable
•Reconcile bank balances; record general ledger entries
•Approving of Credit Customer Invoices as per Contracts agreed
•Interacting with colleagues in the trade for information collection
•Monitoring the Credit Limit & Credit Period.
•Reconciliation of Accounts.
•Liaise with Internal & External Auditors regarding Audit for Receivable.
•Preparing and Updating Daily Sales & Collection Report.
•Follow up of outstanding above 120 days with the Sales Dept.
•Preparing Final Monthly report of Total Debtors for the management.
GPA : "Good" Attend a training course for the Certificate Management Accountant (CMA) Sept.-2015