Senior Settlement Accountant
Arab Investment Company
مجموع سنوات الخبرة :21 years, 3 أشهر
Prepare Financial Statements in accordance with IFRS.
Recording, Recognition and posting of transactions (i.e.international and local portfolios) and ensures compliance w.r.t accepted policies and procedures.
Establish, maintains and co-ordinates the implementation of accounting and control procedures.
Performs Shares and Bank reconciliation on daily and weekly basis.
Calculates daily trading volume and amount of shares in Kuwait Stock Exchange and their Brokerage Fee.
Calculation of Management Fees and Performance Fees according the company policy mentioned in the clients contract and dispatch invoices to clients.
Calculates daily KCC Custody Fees, KCC reconciliation, trade receivable/payable from Kuwait Stock Exchange and prepares Payment Approval Form.
Examining and calculating the most common corporate actions (Dividend) which affect the stock price.
Analyze the performance of a funds and portfolios by using the concept of a GAV and NAV.
Prepares monthly analyzed report for International Portfolio Positions i.e. cash balance report, realized/unrealized gains or losses, dividend distribution report, graphical representation etc.
Prepares monthly portfolio performance report individually and w.r.t appropriate benchmark.
Estimate a Fair value of a security’s on the open market which typically takes into account future growth rates, profit margins and risk factors.
Posting of Journal Entries in Marsoft (Asset Management Software) and prepares daily report of assets allocation by sector and group and total trading in Kuwait Stock Exchange.
Report to client’s and groups about their asset allocations and market position on monthly basis.
Report to Management; International Portfolio Positions (Merrill Lynch, J.P Morgan, Kotak & Saxo Bank) on daily, weekly and monthly basis.
Report to client’s and groups about their asset allocations and market position on monthly basis.
Reports to Capital Market Authority (CMA) on prescribed rules and procedures and related transactions as of laws.
Reports to respective Banks for holding equities (Banking Sector) on Quarterly basis.
Ensure accurate and appropriate recording and analysis of revenue and expenses.
Maintains comprehensive assurance and recording process and ensures identification of revenue/expense leakages, reporting, analysis and required actions.
Ensure financial records are maintained in compliance with accepted policies and procedures.
Resolve accounting discrepancies and irregularities and ensure all financial reporting deadlines are met.
Involved in Settlement procedures and operations with related parties and transactions.
Contribute in designing and execution of accounting policies in line with company’s need and objectives.
Ensure consistency of ledgers/accounts in timely and accurately manner.
Ensure department goals are met and implemented; manage operations through expertise and team work to mark standing performance.
Assist in Audit Operations.
Analyze and report Company & Client’s Portfolio (Local).
Updating Daily Trade Activities to the System (Quick N).
Calculates Brokerage and KCC Custody Fees.
Responsible for Monthly Revaluation of Shares and reconciliation with KCC and Bank statements.
Maintaining Receivable / Payable & Handling Petty Cash.
Set-Up / Data Entry activity for Computerized Accounts.
Calculates depreciation/impairment of assets and finalize full sets of accounts and reports to management on respective basis.
Auditing Ledgers & related parties transaction etc.
Responsible for handling different kind of establishment.
Presentation to Client’s / Management.
Reporting & Summarizing to Chartered Accountant.
Ensures accepted accounting standards are followed, evaluates the adequacy and effectiveness of internal procedures, operating system and controls.
Assist in sampling and audit planning subject to organizational structure.
Prepares and Maintain full set of accounts, accounting control procedures and Sales/Purchase orders.
Maintains debtors/creditors control accounts and follow up with them as per required and report to management.
Reconcile Cash book and bank statement.
Presentation to clients.
Handling Administration office routine work.
All other additional or respected work if assigned or demanded.