Accountant
ArrMaz Gulf Chemicals/Arkema
Total years of experience :11 years, 2 Months
Arkema is a French based multinational company While ArrMaz is U.S based multi-national company. Arkema designs materials to the ever-growing demand to innovative and sustainable materials While ArrMaz deals in manufacturing of customized and specialized surfactants.
Job Descriptions:
• Submitting monthly VAT return file
• Submitting quarterly withholding Tax files
• Working on Foreign currency valuation
• Working on annual internal content audit
• Working on monthly salaries
• Dealing in Tax queries
• Maintaining fixed asset register .
• Preparing receivables aging on monthly basis.
• Support in Stock valuation on regular basis as well as inventory management.
• Preparing bank reconciliation statement on monthly basis.
• Dealing in Receivables and reporting to the higher management.
• Maintaining fixed asset register
• Preparing zonal wise capital expenditure budget & cash flow.
• Preparing annual cost center budgets, monitoring & controlling
• Preparing Variance analysis report for various zones for higher Management
• Preparing revenue budgets for different Stations (Riyadh, Jeddah & Dammam) and preparing comparative statement with actuals on quarter basis.
• Preparing monthly cash flow forecasts and the fund requirements.
• Managing the accounts payable and accounts receivable ledgers.
• Communication with suppliers and solving various queries and issues.
• Facilitating payable functions by providing the needed information.
• Matching the supplier statement with the purchase invoices and updating the supplier statement.
• Preparing receivables aging on monthly basis.
• Support in Stock valuation on regular basis as well as inventory management.
• Preparing bank reconciliation statement on weekly basis.
• Dealing in Receivables and reporting to the higher management.
• Support in preparation of financial Statements such as Income Statement, Balance sheet and Cash flow statement and other management reports
• Facilitating payable functions by providing the needed information
• Recording purchase invoices and calculation of landed cost per unit for materials
• Preparation of purchase report and reconciliation for purchases and payables
• Preparation of stock valuation report using average costing method
• Preparing movement for materials, work in progress and finished goods on daily basis
• Coordinating the weekly and monthly stocktaking process and making reconciliation with ERP system stock report
• Comparing the actual materials used with standard materials to be used by considering the bill of materials (BOMs) and calculating the variance
• Raising sales invoices, preparation of sales and receivable reconciliation and preparing sales report on weekly and monthly basis
• Preparation of receivable aging analysis report
• Recording of all expenses and reporting for preparation of profit and loss account
• Preparation of cash flow forecast and making supplier payment plan
Hassan Farooq is a chartered Accountancy firm providing auditing and advisory services to clients in different sectors.
Job Description:
• Analyzing the effectiveness of the internal control implemented and reporting the flaws and inefficiencies
• Working on the different areas of financial statement to carry out the risk of any misstatement or misclassification. Also ensuring compliance of IFRS, IAS and ISA
• Perform control test and substantive procedure on fixed assets, inventories, receivable, payable, cash and bank areas
• Monitoring the actual performance of the audit team and taking action for any diversion from the audit plan
• Evaluating the risk management system & reporting to those charge with governance for any discrepancies in audit or internal control system
Key Skills:
• Communication/Interpersonal Skills
• Teamwork Skills
• Innovative and Creative Thinking
• Leadership Skills
• Ability to work under pressure and perform multiple tasks
courses: Certified Accounting Technician (CAT) Association of Chartered Certified Accountant (U.K)