Senior Accountant
KCC Engineering & Contracting Co. K.S.C.C
Total years of experience :11 years, 6 Months
Kuwait
-Issue Import and Export letters of credit (L/C)
-Issue and follow up the letters of bank guarantee
-Monitor all banks' guarantees' expiry dates and follow up with banks for
renewal.
-Release bank guarantees and security cheques upon request of
subcontractor.
Assist and update payment status and solve queries of subcontractors if any.
• Review letter of credit documents to determine compliance with international
standards.
• Resolving the queries with Importer or Exporter related to issued Letter of
Credit.
• Obtaining the necessary action to communicate with Importer or Exporter to
amendment the Issued LC as per requirement.
• Communicate the Bank to resolve the issue related to Letter of Credit.
• Approve and Process the Invoice Payment for Local Supplier through Letter
of Credit.
• Manage Receivable and Payable Ageing, Credit Policy
• Total Control on Receivable and Realization of Funds from Customers
• Weekly review and forecasting for the fund and other liquidity issues for
company.
• Reviewed accounts payable vouchers for accuracy.
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• Ensured payments (invoices, expense reports and check requests) for
various project locations were processed in a timely and accurate manner.
• Verified accuracy of A/P batch output to ensure correct vendor coding.
• Generated and balanced accounts payable reports to vendor statements.
• Prepared Supplier Reconciliations.
• Reviewed accounts payable, accounts receivable, payroll and benefits
preparation to ensure accurate coding and processing.
• Complete monthly standard and miscellaneous journals, variance analysis,
monthly general ledger processes and account reconciliations.
• Reconciliation for Inter-Company Revenue.
• Performing monthly and annual checks on general ledgers to ensure
accuracy of the accounting records
• Preparing accounting reports to help management understand P/L statement
and expense report.
• Investigated issues spanning multiple departments.
• Communication with Bank and other Financial Bodies.
Al Miligy for Integrated Contracting & Paving Roads Co.
Cash management:
Bank, petty cash reconciliations.
Sales reporting (Analysis & monitoring).
Accounts Receivable:
Following on collection & Ageing report.
Accounts Payable:
Preparing payments schedule, reconciliations & Cheque issuance.
Accrual accounts:
Monitoring report on prepaid expenses & accrual expenses on monthly basis.
Inventory module:
Inventory monitoring report, physical count & auditing receipts of shipments.
Handle all accounting material and book keeping in the accounting records
According to the accounting assumption
Prepare trial balance and financial statements.
Prepare all financial statements accounts by Excel.
