Senior Accountant
Jalal Al A'ali & sons Co.
Total years of experience :10 years, 5 Months
• Completed year-end closing processes with controllers and external auditors.
• Accounted Contract Assets and Liabilities.
• Filed monthly Value Added Tax returns.
• Performed daily bank reconciliations.
• Prepared cash flow forecasting monthly.
• Improved cash flow management by closely monitoring receivables and preparing ageing reports.
• Diminished outstanding debts by analyzing accounts.
• Maintained accurate depreciation schedules for fixed assets, coordinating with asset managers for timely recording of acquisitions or disposals.
• Processed timely payments to suppliers and other regular payables.
• Managed petty cash under imprest system.
• Prepared bank related documents such as Letter of Credit, Performance Bond, Initial Bond etc.
• Reconciled accounts and created documents for monthly closure procedures.
• Established strong relationships with vendors to negotiate favorable payment terms that improved working capital management.
• Supported inventory control measures by performing periodic physical counts and reconciling discrepancies with system data.
• Collaborated with senior accountants to perform month-end closing procedures, ensuring timely financial reporting.
• Prepared working papers, reports and supporting documentation for audit findings.
• Increased efficiency in accounts payable processing by verifying vendor invoices against purchase orders and contracts.
• Assisted with preparation of monthly financial statements.
• Assisted in payroll administration by reviewing timesheets, calculating employee paychecks, and processing deductions for taxes or benefits.
• Reconciled month-end totals for timely and accurate reporting of financial information.
• Prepared journal entries and entered into system
• Supervised accounting staff to provide feedback and evaluate progress.
• Gained knowledge of accounting principles and standards and general business practices to evaluate financial data and transactions.
• Maintained integrity of general ledger and chart of accounts.
• Prepared income and position statements from respective trial balances.
• Assisted in bank reconciliations
• Performed variance analysis for the revenue and expense numbers listed on the financial statements of the client.
Awarded the ‘Top Scorer’ award in Grade 12 and during final semester of B.Com, Held responsibility for various cultural events held in college.