Management Accountant
Yiaco medical
Total years of experience :10 years, 3 Months
Primary duties:
- Oversees the core operations of the facility
- Develop training programs for different roles
- Set growth goals, develop strategies to meet the needs of the business, manage the budget and create policies.
1-Senior Sales Analyst:
Compiled, analyzed, and reported sales data to identify trends and insights, facilitating informed decision-making.
Monitored competitive activity, customer behavior, and market trends to identify opportunities and threats.
Contributed to the development of sales plans and objectives to drive revenue growth and market share.
Evaluated sales performance through periodic and monthly analyses, focusing on brands such as Loreal, Kepler, Vichy, Wakas, Mass Market, and Panadol.
Managed sales target setting and devised strategies to achieve them effectively.
2-Accounts Receivable (AR) Department:
-Managed various aspects of the AR department, including co-op accounting, team leadership, collections, and sales control, Team Leader.
-Oversaw the reconciliation and settlement of accounts with Kuwait Finance House (KFH).
-Generated and analyzed aging reports for customers and principles, ensuring timely collections.
-Administered sales commissions and coordinated with associations for necessary notifications.
3-Accounts Payable (AP) Department:
-Handled vendor payments, petty cash management, and location adjustments for pharmacies and warehouses.
4-Risk Management and Trade Finance (Subsidiaries Co. Al-Raya Healthcare and YIACO Real Estate):
-Directed FX exposure management through cash flow analysis, balance sheet assessment, and net investment hedging programs.
-Managed FX and interest-rate risk to mitigate potential financial losses.
-Ensured compliance with regulatory and internal requirements in trade finance operations.
-Facilitated the issuance, amendment, and acceptance of letters of credit (L/C) for international transactions.
-Prepared income lists, profit and loss (P&L) statements, financial positions, cash flow statements, and bank reconciliations.
-Led budgeting processes to align financial resources with organizational goals.
Accounting Manager:
* Verify, allocate, post, and reconcile accounts payable and receivable transactions to maintain accurate financial records.
* Produce error-free accounting reports and present their results to management for decision-making purposes.
* Analyze financial information to summarize the financial status and identify trends, discrepancies, or areas for improvement.
* Identify errors and inefficiencies in accounting processes and suggest ways to enhance efficiency and reduce spending.
* Manage and supervise accounting assistants and bookkeepers, providing guidance and support as needed.
* Provide input into departmental goal setting and process improvement initiatives to align with organizational objectives.
* Direct internal and external audits to ensure compliance with regulatory requirements and internal controls.
* Support the month-end and year-end close processes by preparing necessary reconciliations, accruals, and adjustments.
* Develop and document business processes and accounting policies to maintain and strengthen internal controls and ensure consistency in financial reporting.
* End-of-Month (EOM) Responsibilities:
1- Reconcile bank accounts to ensure accuracy of cash balances.
2- Reconcile K-net accounts to verify electronic payment transactions.
3- Post purchasing transactions and reconcile supplier statements to ensure timely payments and accurate recording of expenses.
4- Prepare transfers between different sites or departments to facilitate intercompany transactions.
5- Production-related tasks:
- Prepare manufacturing items from the commissary and coordinate transfers between locations.
- Post all transfers after the production process and reconcile manufacturing items to maintain inventory accuracy.
- Monitor and account for staff meals, inventory, costing, depreciation of assets, prepaid rent, salary, overtime, leave, indemnity, and sales for the month.
- Utilize OCIMS (Restaurant Sales Software) for home delivery sales and reconcile sales data with accounting records.
Excellent Communication Skills:
-Demonstrated proficiency in both written and verbal communication, enabling clear and effective dissemination of information within the organization.
-Outstanding People Skills:
Proven ability to establish and maintain positive relationships with colleagues, clients, and stakeholders, fostering a collaborative work environment.
-Professionalism, Diplomacy, Tactfulness:
Exemplary professionalism, diplomacy, and tactfulness in interactions with individuals at all levels, contributing to the cultivation of a positive company image.
-Presentation Skills:
Skilled in delivering engaging and informative presentations to diverse audiences, effectively conveying complex ideas and information.
Negotiation Skills:
Proficient in negotiation techniques, adept at achieving mutually beneficial agreements and resolving conflicts amicably.