Senior Financial Accountant
Media World
Total years of experience :3 years, 6 Months
• Develop the finance and accounting policies and procedures and ensures that it is properly implemented across the company
• Coordinate, supervise, and follows-up all financial, accounting & budgeting activities
• Ensure the performance of the controls over the Company’s financial activities
• Maintain good business relationship with banks, suppliers & clients
• Coordinate with the external financial auditors for a smooth issuance of the financial statements
• Facilitate data migration while changing the accounting software in the company
• Created budgetary reports & yearly forecasts for the Senior Management
• Generated and analyzed the monthly financial statements and assisted in determining the key strategies for the company
• Worked on the S&P Model and assisted in getting the official rating for the company
• Processed the monthly closing journal entries to produce the financial statements
• Performed reconciliation on all general ledger accounts to ensure accuracy
• Worked closely with the sales and claims department while monitoring their statistics
• Assisted in reducing the receivables of the company from 126 days to 110 days on major accounts
• Refined the closing process by coming up with new platforms for accounting entries on Oracle systems which reduced the procedure from 7 days to 4 days. This included communicating with the IT company and carrying out various testing phases
• Worked with the auditors on the interim and year end audits
• Dealt with the creditors of the company and prepared claims cheques
• Computed commission payouts for staff
• Handled monthly Re-insurer reconciliations and bank reconciliations
• Reconciled accounting differences between various AIG branches in the Arabian Region
• Reviewed accounts payable & receivable ageing balances of various policies to decide whether they should be continued
• Prepared various Receipt Vouchers, Payment Vouchers and Journal Vouchers with Oracle Software