Senior Accountant
Al-Futtaim Group, UAE
Total years of experience :17 years, 11 Months
Role in General Ledger and Accounts Finalization:-
Preparation, finalization and reporting of periodic accounts (monthly/yearly) to Group Controller Finance and all other general responsibilities assigned.
Preparation of quarterly forecast, LE & annual budget including cash flow, income statement, balance sheet and comparatively analyzing with actuals.
Handling KSA, Oman & Lebanon companies up to finalization, liaising with external auditors for audit and filing zakat/tax return.
Monthly flash/Key performance indicator report, overhead report cost center&profit center wise and variance analysis of actual vs. budgeted numbers, Adhoc reports.
Preparation of different schedules like Assets, Accumulated Depreciation, Indemnity, leave, Accruals and prepaid Expenses.
Adjusting entries for the finalization of accounts at the end of each month and yearly closing.
Coordination with external auditors and making critical analysis, schedules and reports as per audit plan.
Scrutinizing the GL accounts with proper booking of expenses/revenue and balance sheet items.
Allocation of expenses with the related cost center and as well as revenue booking with the related profit center.
Role in Treasury Module, VAT, Accounts Payable and Receivable:-
Working on Treasury module on bank deposits, intercompany deposits & loan creation, rollover of deposits and loans, settlement of deposits & loans on due dates, bank reconciliations.
Receivable balance confirmations, aging analysis, bad debts provisions, written of bad debts provision with management approval, PDC report, Customer credit balances & debit balances, Allocation of receipts with right invoices, Releasing of Sales order as per customer credit terms and conditions.
Payable & Receivable reconciliation with input & output VAT register.
Verify the VAT invoices according to approved format from FTA.
Submit VAT return on FTA Portal before deadline.
Handling the accounts payable & creating a proper balance between the credit terms and payments made.
Set off and proper allocation of invoices with the payment made.
Creation and Extension of new and existing vendors with necessary details given in vendor template.
Vendor’s reconciliation and resolving discrepancies for any differences.
Booking of liability in the vendor account after verification of all necessary documents and approvals.
Booking of revenue and capital expenditures through vendor invoices and taking care of right cost centre and profit centre with right GL.
Making payments on due dates for both PO based and non PO based invoices by cheque and telex transfer for local and foreign vendors.
Preparation of reports, like vendor down payments, vendor debit & credit balances, GR/IR report, ageing analysis
Preparation of Financial Statements (Balance Sheet/Profit Loss/Cash Flow).
Preparation of Cost and comparison report.
Preparation of monthly budget and product costing.
Monthly bank reconciliation statement.
Reconciliation of Intercompany and Intermediate transactions with all the branches.
Dealing with the banks (Inward and Outward transfers)
Preparation of depreciation & leasing schedule.
Adjusting entries at the end of each month for financial reporting.
Reconciliation of GL with SL.
Preparation of business plan.
Set off receivable, payable and aging analysis
Maintain good customer relations and coordination.
Handling the accounts payable & creating a proper balance between the credit terms and payments made
Scrutinizing the General Ledger Accounts
Preparation of various accounting report.
Maintaining books of accounts in a computerized environment.
Monthly bank reconciliation statement.
Monthly reconciliation of Intercompany transactions with all the branches.
Cash flow management.
Dealing with the banks.
Opening LC’S with bank.
Dealing with group suppliers.
Preparation of monthly reports as well as yearly financials.
Prepare the sales invoices.
Posting of all the data record of Company.
Prepare the sales report and other reports.
Maintaining and reconciliation of bank accounts.
Maintain all the corresponding record of company.
Assisting Chief Accountant in preparation of final accounts.
Grade A+
Grade A