Senior Tax Consultant
Ernst & Young
مجموع سنوات الخبرة :10 years, 2 أشهر
Treasury & Real Estate
* Review and approve payment certificate related to real estate submitted by the commercial team
* Send daily cash in bank report (all banks)
* Review and confirm accounts payable payments after seeing the bank account balance
* Prepare letter to banks for different requests such as transfer of funds, recall of funds and others
* Process bid and performance bond request from business unit post approval
* Initiate funds transfer between bank accounts
* Propose excess cash after reviewing collections and disbursements to place fixed deposit
* Oversee forecast cash flow positions, related borrowing needs and funds available for investment
Compliance, Policy & Procedure
* Review and process expense reimbursement, cash liquidation, petty cash submitted by various business units based on approved policy and procedure
General Ledger / Planning & Budgeting
* Prepare reconciliation for assigned balance sheet accounts and submit for further review and approval
* Review memos from various business units related to revenue and cost
* Assist the other Senior Accountants for month end, mid-year and year end closing
* Coordinate with other teams and departments to resolve open items in the reconciliation
* Handle internal audit request and other adhoc requested by the GL manager
* Perform revenue and cost forecast for events along with the business units
* Conduct variance analysis between budget/forecast and actuals (revenue & cost)
* Prepare aged items report for balance sheet accounts and meet other team members to discuss and resolve any pending issues for closure
Oversee the activities of the entire Accounts Receivable Team as a Team Leader.
* Mainly in charge of collections for Asset Management & Exhibitions Department.
* Prepare Aging Reports related to the above with analysis of the trend and highlight red flag customers.
* Take initiatives to improve processes and utilize available resources effectively.
* Effectively distinguish between “can’t pay” from “won’t pay” customers and develop appropriate strategies to overcome problems in order to encourage
payment and rehabilitate customers, or identify inability to pay and take actions to determine company bad debt risk in alignment with the Collections
Manager
* Conduct and analyze the AR updates file on a weekly basis and recommend strategies to reduce debts.
* Responsible in uploading invoices in the customer’s portal, specifically government and key accounts.
* Ensure consistency in both meeting and exceeding the set financial targets and operational KPI
* Monitor and assess the Service Level Agreement between EY & the client and provide justification against the “Not Met” cases, if there is any.
* Communicate with GL Team for any discrepancy related to Accounts Receivable accounts.
* Check and reconcile the calculation for all agent’s commission.
* Respond to government & internal audit for any query related to Accounts Receivable.
* Prepare Bad Debts Provision in line with the audit policy and send for approval.
* Reconcile deferred balances of events.
* Conduct training among the team for delegation and effective teaming.
* Build strong and collaborative relationships with internal stakeholders and external customers.
* Meet customers along with the business unit to understand the challenges and resolve the dispute in the accounting records.
* Proactively identify the root causes and suggest improvements to any weaknesses within the recovery collection agencies process
* Review contracts and raise invoices accordingly - this includes for events, exhibitions and asset management department
Client: Dubai World Trade Centre (DWTC)
* Mainly in charge of collections for Asset Management Department.
* Prepare Aging Reports related to the above with analysis of the trend and highlight red flag customers.
* Finalize SLA reports for the Accounts Receivable and submit to the client
* Analysis of Legal Cases and meet Legal Team for discussion.
* Reconciliation of customer’s accounts and others.
* Check and process refunds with the supporting documents.
* Meet several department for aging discussion
Prepare and send the Daily Revenue Report on a daily basis
* Balance & Audit all Front Office & Food & Beverage postings, verify that all departments have posted their revenues
accordingly
* Prepare balance sheet accounts reconciliation with proper supporting documents which are related to income audit
* Monitor front office rebates, review and balance rebates, paid outs, miscellaneous charges, laundry, transportation
and staff charges in OPERA System and ensure that each account is properly authorized and has relevant explanations
* Reconcile daily Credit Card transactions and send the nonpayments to the merchant if there is any.
* Prepare month end Income journal entries, according to the policy and using standard templates
Review, verify all the invoices for appropriate documentation and approval prior to payment
* Post invoices on a timely manner using the correct accounting expense codes
* Match invoices with its corresponding purchaser order
* Reconciliation of Statement of Account from all the suppliers
* Prepare payment to suppliers according to credit terms, either through
bank transfer or cheque
* Prepare accruals for the month
* Prepare back charge statement on a monthly basis comprising all the expenses to be sent to head office
* Assist in the preparation of month end reports.
Send the Daily Revenue Reports for both properties
* Balance & Audit all Front Office & Food & Beverage postings, verify that all departments have posted their revenues
* Check the Guest In House Room Rates, Housekeeping and Room Discrepancy, Late check out charges, complimentary rooms, Zero rate and
house use rooms and room moves on a daily basis.
* Monitor front office rebates, review and balance rebates, paid outs, miscellaneous charges, laundry, transportation and staff charges in OPERA
System and ensure that each account is properly authorized and has relevant explanations
* Reconcile daily Credit Card transactions.
* Review F&B voids to verify authorization and adequate back-up information.
* Prepare general cashier summary to verify over and short summary
* Post the daily bank deposits
* Prepare month end Income journal entries, according to the policy and using standard templates
* Assist the General Cashier in performing surprise float counts.
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