Senior Accountant
Dlala Brokerage & Investment Holding Co
Total years of experience :18 years, 11 Months
Key Deliverables:
•Preparation of Trial Balance, Brokerage Report, Aging Report, Sub Broker Income Report and other financial reports etc. on daily, weekly, monthly and annual basis accordingly.
• Preparation of daily Fund Management Schedule. Monitoring fund flow of all banks and due payables and receivables from clients in all currencies. Optimizes resources by managing with internal functions such as receivables and payables units.
• Preparation of Bank Reconciliation and General Ledger Reconciliation as per Trial Balance.
•Reviewing all the Balance Pools, Clearing Accounts & Operational Accounts. Reconciliation of Bank Transactions and Book Transactions, resolving the discrepancies during reconciliation.
• Monitoring working capital elements to ensure liquidity and funding of day-to-day business. Transferring of funds in banks internally & accordingly where we can get profit out it. Updating Top Management about Maturity & Renewal of Fixed Deposits.
• Preparation & computation of monthly Rebate Commission & other various Commission accordingly. Activation of Rebate Commission & Settlement Limits for clients.
• Preparation of Portfolio Evaluation Report & update of Shares and Portfolios report on daily basis. Update Management & Keep abreast with latest market trends & developments.
• Preparation of Aging Report, Corresponding and Supervising Staff about customers follow up on ageing & due receivables etc. Ensuring timely payment of liabilities as and when due.
• Analyze Dept. Workflow policies & procedures and make recommendation for streamlining. Verification & cross checking of all Receivables & payables perform by subordinates, Ensure that appropriate financial regulations & controls are in place and in use all times.
• Interacting and communicating with auditors, fulfilling there requirements for successful conclusion of Auditing for Quarterly and Annual basis.
•Corresponding & coordinating with Banks, Financial Institutions & Clients for settlements, Dividend, Acquisitions and other various financial matters etc. interact with bank regarding various banking facilities and complying as per requirement from time to time.
•Apart from above handle the role and responsibility of Internal Auditor for Operation Dept.
Key Deliverables:
•Preparation of monthly Financial Statements, Cash Flow statement, KPI Report, Sales Report, Aging Report and other various reports etc.
•Preparation of annual budget with validation rules, periodical monitoring & updating Management accordingly. Work along with each department to implement accurate forecast of revenues, expenditures and Year-end fund balance projections; Monitor and provide periodic feedback to all depts. on performance against budget.
•Maintenance & updating records of Fixed Asset Register, preparation of depreciation for fixed assets.
•Preparation of Accrued Expenses & Prepaid Expenses on monthly basis.
•Restructured and standardized master chart of accounts, reporting, policies and procedures among group.
•Ensure Proper accounting of accruals for operating costs, so that Monthly Financials present a true picture.
•Reviewing quotation of purchase Orders, Reviewing issuance of invoices to customers & monitoring incurred charges(Subscription / Installation). Verification of installation for new sites, reviewing prices and profitability.
•Maintained records for all customers segregated by service, KSE - Internet & Intranet.
•Review Receivables & Ageing Payables to formulate collection and payment strategies.
•Designed and linked payroll with budget system to facilitate online variance analysis.
•Interacting and communicating with IT department for implementation of latest trends and request to upgrade according to the need and requirement.
•Corresponding & Coordinating with Auditors at regular intervals and updating them with latest development in the company. Eg. Auditing, capital increase & other financial matters etc.
Key Deliverables:
•Preparation of monthly Financial Statements, Cash Flow statement, Sales Report, Inventory Report, Sales Reconciliation, Bank Reconciliation etc. Prepare year end schedules for Financial Statements.
•Reporting to Management on availability of funds for the monthly usage.Acts as signatory for all the transactions on management behalf.
•Designing and allocating departmental budgets and perform costing and pricing of products and reviewing profitability. Monitoring of cash in & outflow.
•Manage the implementation of financial planning, feasibility studies, business valuations, cash flow projection and budgets to ensure the business is financially secure.
•Collecting quotation for purchases and monitoring for low cost. Taking up complete sales and purchase assignments, working with import department.
•Prepare payments for local & International suppliers, process Transfers & Cheques payable. Communicate & interact on terms & conditions. Update their accounts in local as well as foreign currency. Act as signatory.
•Prepare Payroll System for the entire organization according to policies & procedures.
•Review of expected receipts to work out availability of funds for weekly cash projections. Ensuring timely payment.
•Maintenance and prepare various reports in different formats as per requirement, which helps in analyzing the flow of sales, purchases & inventory etc, apart from the default reports of Inventory & accounting software.
•Design various kinds of sales & stock inventory reporting modules, which results in accurate and timely reporting. Educating and training staff on usage of Software.
•Correspondence with the banks on opening of new bank accounts, Letter of Credit, Bank Transfers, Exchange rates and also on others various financial matters.
•Interacting and communicating with auditors for completion of statutory audit performing of auditing at yearly basis.
Key Deliverables:
•Preparation of Balance Sheet, Profit & Loss Statement, Trial Balance, Rental Report, Commission, Collection Report and other various statements. Prepare the year-end schedules for financial statements.
•Consolidating financial statements, interacting with payables, financial reporting, bank reconciliation, accruals,
•General Ledger etc. Individual Interaction with Auditors, Sales Tax & Income Tax Depts.
•Prepare monthly statements explain the variances for internal and external reporting.
•Maintain day-to-day financial control of all expenditure to ensure that all departments stay within budget. Performs financial forecasting & reviews reconciliations of internal accounts.
•Creation of Rental Report and do computation of "Rent as per Landlord / owner" segregated by each individual and group.
•Providing financial expertise and guidance to Operational manager & Brand managers in areas such as strategic planning, Sales, Purchases, Costing & Pricing etc.
•Monitoring purchase orders, performing costing & pricing of products, process payments.
•Updating the management about stock position of each brand and analysing the sales and inventory of stock in
various kinds of reporting module.
•Individual Interaction with Auditors, Sales Tax & Income Tax Depts. And others.
Financial Accounting Business Management Financial Auditing Taxation Cost Accountancy Bank Reconciliation Auditing Treasury Management Commerce Economics