Finance Manager / Financial Accountant
Steel Wood Industries FZCO
مجموع سنوات الخبرة :8 years, 1 أشهر
• Prepared a detailed feasibility study of the project incorporating detailed input variables, included a detailed five-year projected income statement, projected balance sheet, projected cash flow statement, breakeven analysis, capital investment appraisals, payback periods, analysis and interpretation of key ratios.
• Performed a what if analysis exercise of the project on various key variables consistently during the project.
• Performed costing exercise of key activities of the business.
• Developed rolling cash flow projection incorporating all future cash receipts and payments and take necessary action to maintain cash position of the organization.
• Participated actively in ERP implementation exercise, developed flow charts about transaction flow in finance module emphasizing strong internal control.
• Carried out a valuation, recognition and incorporation of intangible assets exercise into the financial statements in accordance to International Financial Reporting Standards (IFRS).
• Carried out annual external audits for consecutively four years. Liaised with auditor, resolved their queries and requirements and played an active role for preparation of annual financial statements.
• Designed developed and implemented a bookkeeping system of entire organization incorporating Accounts Payable, Accounts Receivable, General Ledger, Fixed Assets.
• Compiled and consistently updated accounting manuals to ensure consistently application of accounting policies.
• Developed accounts department manual, incorporated standard operating procedures for accounts payable, accounts receivable and inventory management.
• Prepared and updated fixed asset schedule of the company assets.
• Prepared the schedules of long term loans with banks and incorporated them in financials as per IFRS
• Developed and managed a positive relationship with bankers, executed loan applications, prepared internal finance cost schedules, did early settlement of loan, open facilities, processed payments to vendors via TT, processed Bank Guarantee, processed LCs, worked on terms of LC and shipments.
Worked in the area of accounts handle entire accounting system. Designed developed and implemented book keeping system and job costing system for tracking appropriate and timely job and customer profitability. Manage all aspects of AR, AP and Billing. Prepare and post journal entries. Ensure the accuracy and timeliness of the accounting data. Practicing accounting software to keep up to date organization’s ledgers and accounting records. Responsible for recording, compiling, analyzing and preparation of financial records and final accounts.
Prepare source documents, vouchers, journals and posting them to general ledger in Tally ERP 9.
Invoicing customers, ensuring accuracy of each invoice
Classification and posting receivable transactions, and maintaining accurate and comprehensive records
Follow up of receipts from customer on due dates.
Prepare deposit slip and process receipts in the accounting system.
Receives, approves, and, when necessary, investigates client's accounts payable invoices.
Processing of all accounts payable transactions, record vendor invoices into the accounting system.
Process purchase returns and issue debit notes to vendors.
Process disbursements for vendors and execute payments on due dates.
Reconcile accounts on a monthly basis and resolve any discrepancies
Manage inventory appropriately, monthly physical stock takeover and reconciliation with inventory accounts.
Maintain payroll procedures through WPS, management and reimbursement of salaries, employee’s expenses and advance to employees appropriately.
Handle bank, cash and petty cash account and account for petty cash float
Prepare bank reconciliation and account for other expenses and charges on a monthly basis.
Preparing and interpreting fund flows, cash flows and predicting future trends and cash requirements.
Analyze account balances on a regular basis, account for accrual, prepayments, manage fixed assets register and account for accumulated depreciation.
General ledger maintenance, review postings to the GL for accuracy and timeliness.
Prepare monthly and on-demand financial statements for management.
Provide financial information with detailed analysis to management, required to make informed decisions.
Communicates both in verbal and written form with customers, suppliers, vendors, and banking contacts.
Performs other duties related to administrative responsibilities assigned by manager from time to time.
Worked as an internee in the internal audit department of company serving client entities. Played a key role of team member responsible for conducting internal audit assignments, for the clients to ensure financial control. Independently involved in Development of book keeping system over Peachtree quick book and other customized accounting applications for client entities.
Conducted the internal audit according to the checklist framework by the audit manager.
Examine and analyze journal and ledger entries, bank statements, inventories, expenditures, and other accounting and financial records, documents and systems of company.
Ensure financial recording accuracy and compliance with established standards, procedures and controls
Prepare reports on audit findings and make recommendations to improve individual or establishment's accounting and management practices.
Build up accounting system of newly incorporated company, manual book of accounts and computerized.
Revised the system if there arises any type of discrepancy.
Checked efficiency and effectiveness of revised system and took appropriate actions.
Preparation of financial statements and assisting in preparation of project feasibilities for clients.
CIMA Diploma in Management Accounting cover about accounting standards standard costing variance analysis budgeting investment appraisals information system marketing human resources management marketing operations management change management and information system
CIMA Certificate in Business Accounting is a basic accounting certificate by CIMA. It cover basics about accounting finance business law corporate governance economics quantitative techniques and mathematics
Gained Knowledge about fiancial accounting, cost & management accounting, corporate laws, secretarial practices, auditing, taxation, economics, business laws, behavioural studies and mathematics
Secured 51% overall in Higher Secondary School Certificate
Secured 82% marks overall in Secondary School Certificate