Senior Accountant
Adnan Mansour Group of Companies
Total years of experience :8 years, 7 Months
Responsible for preparing sales & services Tax invoices for General Trading & Real Estate businesses.
Responsible for Posting of Bank & Cash receipts, checking of daily collections for bank deposit and prepare consolidated bank statement balance for all companies.
Responsible for preparing all corporate/commercial banking documents such as Letter of Credit (LC), Check to discount, Invoice Discounting, LC discounting, Tender bonds, Warranty Bond, Retention Guarantees, etc.
Responsible for daily updating and monitoring of data on the ERP system and preparing monthly & annual financial reports as per International accounting standards and international financial reporting standards.
Responsible for maintaining monthly payroll records and processing monthly salaries through the WPS system.
Responsible for all HR-related issues such as Preparing Annual leave settlement and Final settlement for employees and keeping a record of leave history.
Supervising the periodic inventory for material and match with records in ERP System.
Responsible for preparing receivable aging and monthly individual customer’s statement of account (SOA) and accordingly following up for payment for outstanding receivables.
Responsible for dealing with Payables, ensuring that an original invoice is received from the vendor as per the LPO. Checking the completeness i.e. Purchase requisitions, Quotations, Local Purchase Order, invoice, Goods received note and review the aging of the creditor ledger, reconciling supplier statements, vendors are paid in accordance with company payment terms.
Preparing & updating the Rent Schedule on a daily basis to provide an accurate status of occupancy.
Responsible for checking Tenant's EJARI Contracts, verify payments and completeness of requirements.
Monthly Submission of property wise/product wise profitability report along supporting schedules e.g. income breakup, deferred income, prepaid expenses, fixed assets, mortgage/loan payments.
Ensure all PDCS (postdated cheques) entered and posted for new and renewed leases. And run revenue completion audit procedures periodically.
Ensure all supplier accounts and associated banks are reconciled. Follow up on cheque bounce cases and timely recovery of dues.
“As from 1st January 2018 UAE government has introduced 5% VAT, so as part of my responsibilities and duties I have very efficiently completed all procedures for submission of tax return, such as VAT bookkeeping and filing of our company First (201) Value added tax return for the period ended 31st January 2018 as per the guidelines issued in Federal Decree-Law No. (8) Of 2017 UAE on Value Added Tax and filing Excise & VAT returns.”
Assisting the Finance Manager in Forecasting and Budget Planning.
Working closely with General and Finance manager and discussing finance-related matters in a weekly finance meeting sharing ideas for cost-cutting and to improve operations and business processes.
Preparing special analyzing reports as per the requirement of the Finance & General Manager.
Prepared accounting policies and procedures manual for the organization and introduced internal controls.
Assisting external auditors in the annual audit and provide them with all required contracts and financial records.
Making Monthly Financial Statements according to International accounting standards (IASs) and International financial reporting standards (IFRSs) from the journal entry to Final Accounts by using Microsoft Excel and Quick books.
Preparing payment to suppliers on a regular basis and posting of transactions on a daily basis.
Ensuring all invoices are correctly posted and allocated in due time; ensuring that payment to suppliers is made on time.
Financial statements Analysis, Ratios Analysis.
Involved in Policymaking Process (SOPs).
Accounting of month- end entries from Pre-paid account and updating list on a monthly basis and reconciling with the GL account.
Maintaining Payroll records and making salaries and transferring through Bank for all employees.
Preparing Invoices for Customers at month end.
Writing minutes of meetings and keeping a record.
Assisting Operational manager in Operations and working on Cloud-based software.
Liaison with banks, Customers and third parties and dealing with Insurance of all vehicles.
Preparing Daily Revenue Reports.
Preparing monthly Bank reconciliations, Account receivable reconciliations, cash reconciliations.
Generating new ideas for improvement of business operations.
Preparing monthly, Annual Budgets and Variance analysis.
Making trend analysis with the help of Charts and Graphs, highlighting Break-even point.
Making Expense Control Policies.
Monitoring the fleet and ensuring that daily revenue targets are met.
Handling Petty Cash, Maintaining cash on a day to day basis.
Paying cash advances as when requested after approval and posting the same.
Monthly cash verification and reconciliation.
Auditing Assignments:
Conducting business and audit risk assessment, preparation of audit plans and work schedule with respect to challenging timeline.
Responsible for planning, execution, the conclusion of assignments and drafting final accounts.
Audit assignments involve a review of different processes including preparation of bank reconciliations, depreciation working, and interest or commission calculations and posting entries in the system.
Responsible for applying International Accounting Standards (IASs), International Financial Reporting Standards (IFRS) and International Auditing Standards (ISAs) on audit assignments on the client.
Responsible for analysis and assess business risk, controls, and governance structure and provide assistance to minimize those risk by implementing internal controls etc.
Ensuring compliance with IAS / IFRS, International Standards on Auditing (ISA) and Code of Ethics issued by the International Federation of Accountants (IFAC)
Preparation of audit working paper files, financial statements, and reports.
Directly reporting to Senior Managers and Partner.
Evaluating and testing system of internal control and suggesting appropriate best practices.
Management letter to the management highlighting control deficiencies and lapses - by highlighting the root causes and recommendations to induce operational & economic efficiencies
Consulting Assignments:
Extensive software consultancy experience includes the development of documentation, implementation, training and internal auditing of management systems:
Information management, document and records control, communications/meetings.
Conducting internal audits and issuing audit reports.
Provide technical advice and guidance to organizations on how to handle problems and implement corrective and preventive action.
Conduct internal auditing to identify whether assigned policies have been implemented and adhered to.
Preparing the financial statements in accordance with the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) and have them reviewed by Quality Control Section within the stringent timeline.
Installation and Training of Accounting Software.
Other Assignments include:
Financial analysis and company performance evaluation.
Providing Accounts setup, Monthly Accounting and Accounts review for companies.
Recommend continuous improvement initiatives to companies for improving Accounting functions and providing solutions for recording complex accounting transactions
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