Senior Accountant
Inchcape Shipping Services
Total years of experience :9 years, 0 Months
The Company is the world's leading marine services provider
Joined as Departmental Accountant and charted an exponential growth curve to merit to the current position of Senior Accountant.
Designation Chronology:
• Oct ‘09 - Nov ’10: Senior Accountant.
• Mar ‘08 - Oct ’09: Departmental Accountant.
Key Responsibilities as Senior Accountant (Oct ‘09 - Nov ’10):
• Assisted in the development of financial policies, procedures and guidelines to ensure smooth cash flow, established stringent expense guidelines and reported to Local Management, African Regional Financial Controller Manage.
• Reviewed and delivered consolidated profit/loss accounts, balance sheets, including key variances for all business local entities inline with monthly timetable plus KPI’s.
• Examined internal and external reports to determine status, recommended changes in policies and reported status to top management.
• Conducted internal audits, prepared detailed reports on audit findings and providing recommendations to improve organization’s accounting practices.
• Exercised financial controls for preparation and processed of invoices with the specified date thus resulting in significant reduction in collection shortfalls and delayed payments.
• Streamlined and controlled working capital as per Company Financial Strategies and Policies, ensuring the timeliness, accuracy, analyzed variance and implemented corrective actions as required by management.
• Developed and implemented internal control procedures including cost accounting systems, accountability, reduce business risk, enhance forecasting, cash flow visibility and commented on key variances of above US $ 40K as a risk material level.
• Handled complete accounting tasks of Inter-company accounts i.e. with Local, UAE, UK and Africa Region offices.
• Prepared debtors/creditors list, followed up on collection commitments, reconciled customer accounts and confirmed balances in view of P& L statements.
Key Responsibilities as Departmental Accountant (Mar ‘08 - Oct ’09):
• Planned, organized, and evaluated all accounting procedures/ policies as per corporate policies and ISO standard to ensure transactions are efficient/ effective and accounting is accurate/ complete.
• Maintained and recorded all accounts receivable/ payable transaction and posted them to appropriate ledgers in order to ascertain efficient record keeping.
• Streamlined the preparation of financial statements that summarize and forecast the organization's financial position, such as P & L account and balance sheet and was also incharge of generating Invoices/ Statement for GS and Port Agency Principals.
• Monitored and managed banking relationships, reconciled bank statements on periodic basis and provided accurate reports to the upper management.
• Reviewed revenue, expenses and other accounting documents and resolved accounting discrepancies
• Compiled management reports on a monthly basis taking in to consideration various financial facts and provided accurate information regarding the growth rate of the company to the management.
Key Responsibilities:
• Scrutinized/evaluated the adequacy/effectiveness of internal controls and quality of performance in carrying out assigned responsibilities are in compliance with organizational policies, plans, procedures, laws, and regulations.
• Liaised with External Auditors and other Government Authorities for timely completion in compliance with established audit processes.
• Prepared Year To Date and month end accounting reports including income statements and interpreted any variances to budget and present to Managing Director.
• Provided segment level explanations of balance sheet fluctuations during trial balance reviews, performed risk assessment for accounting positions and promptly communicated issues to management with recommendations.
• Analyzed general ledger accounts to determine their accuracy and ensured all funds are in balance.
• Prepared monthly management report and accompanying schedules, worksheets and narratives, including budget variance reports, follow-up and documentation of major variances.
Key Responsibilities:
• Examined/analyzed journal/ledger entries, bank statements, inventories, expenditures, tax returns, other accounting/financial records, documents and systems to ensure accuracy/compliance with established accounting standards/procedures
• Performed accounting functions for various clients ranging from small business to medium sized company such as insurance brokers, auto spares dealers, transport firms, tours and travels and farming enterprises, among other industry.
• Supervised all accounting procedures, including posting of journal entries, maintaining general ledgers, reconciliation of accounts, preparation of trial balance and financial statements.
• Handled all accounting tasks related to accounts receivable and payable to ensure accuracy, speed and efficiency.
• Managed all activities relating to accounting department, inclusive of day to day operations and management of petty cash.
• Prepared weekly, monthly, quarterly and such other financial reports and recommendations pertaining to enhanced profit margins and reduced operational expenses.