Senior Accountant
Al Osais Contracting Co.
Total years of experience :19 years, 3 Months
Al Osais Contracting Co.
JOB RESPONSIBILITIES - from 01st April 2013 to date.
Currently using Enterprise Resource planning application (Systems, Applications and Products - SAP) in performing job responsibilities and producing output.
- Reporting to Management monthly forecast project cost reports.
- Preparing quarterly percentage of completion (P.O.C) report.
- Reporting to Management budget / actual variance reports and Budget Analysis.
- Maintaining relationships with banks and monitoring fund movement for cash flow management.
- Reporting to Management weekly financial reports such as fund movements - overdrafts, loans, post finance, receivables / payables.
- Reviewing / checking journal vouchers / payment vouchers for processing payment
- Reviewing / checking employee benefits settlements for processing payment
- Reviewing / checking General Ledger postings.
- Liaison with external auditors for execution and finalizing audit and zakat return.
- Liaison with internal auditors in ongoing internal audit assignments.
- Ensuring compliance of financial policies over recording and payments.
- Responsible to perform duties as an in charge of Finance / Accounts Department in absence of Finance / Accounts Manager.
- Prepare Ageing of Receivables and suggest to chief accountant action required.
- Handling Letter of credits, Letter of Guarantees and related works.
- Follow up with the banks for processing LCs / LGs requests, Post finances and Loans.
- Keeping track of utilization financing facilities and taking required action to maintain facility limits.
- Responsible to Handle Payroll Function in absence of Payroll Supervisor.
- Prepare compliance reports as per the requirement of Security and Exchange commission of Pakistan, State Bank of Pakistan and Karachi Stock Exchange for Chief financial officer’s review to submit to the regulatory bodies.
- Liaison with Internal Auditors in resolving system control issues.
- Review and resolve bank and customer / supplier balances appearing in reconciliations.
- Preparation of Periodic, Interim and Annual Financial Statements.
- Liaison with External Auditors in Statutory review / audits.
- Settle / Close the client Accounts on Maturity or early termination of leases or morabaha finance.
- Reviewed the system of internal control of clients and drafted reports on weaknesses in Internal Control and compliance of management policies also with implications and recommendations.
- Providing an on-site co-ordination role for audit clients including planning, day to day control of the audit team, liaising with clients and completing audit assignments.
- Performed extensive analytical reviews using trend analysis, peer company analysis.
- Liasion between clients’ audit coordiantor and Audit Managers
- Performed detailed test of controls, substantive procedures for all assigned i.e. banking, manufacturing, service and trading clients.
- Lead and manage fieldwork on clients, liaise with other departments to ensure smooth delivery of the Audit process.
- Performed detailed field work in all financial and non financial departments.
- Liasion with clients and completing audit assignments.
- Drafted financial statements, audit reports and management letters independently
- Liaision between clients’ audit coordiantor and Audit Managers.
- Planning of the audit engagements and assessment of business and audit risks of clients.
- Leading and management of fieldwork on clients, liaising with other departments to ensure smooth delivery of the Audit process.
- Delegating work to assistants, supervising and reviewing of work performed by them.
- Reviewed financial statements to ensure compliance with relevant disclosures requirements as per the International Financial Reporting Standards and local regulations and laws.
I am an ACCA Finalist having 12 papers cleared and waiting for results for the last two papers given in December 2016 Session.