Senior Finance Accountant
Sharaf Retail - Sharaf Group
مجموع سنوات الخبرة :13 years, 9 أشهر
Job Responsibilities:
Reporting
● Performs monthly/annual financial statement analyses and documents meaningful and understandable explanations for any financial fluctuations in order to assist relevant senior management in business decision-making.
● Assist Management in establishing Annual operating budgets.
● Prepare schedules to support monthly reviews, audit and external reporting processes.
● Assist Senior Finance Manager with compilation of information for preparation of tax returns
● Review Inter-company transactions and generate invoice / adjustments if necessary.
● Review Monthly Vendor & Customer Aging Report as well as Staff Ledger Account Balances.
● Conduct periodic reviews of fixed asset schedule.
● Monitor Daily Sales of 90+ UAE & Overseas store outlets & build relationships with Brand Managers, Operations & Store Managers to provide timely and accurate information for Management Review.
● Understanding Like on Like Growth of all the outlets on a Brand-wise, Location-wise & Period-wise level to facilitate day-to-day sales activities.
● Provide Annual Audited Sales Reports to Mall Management.
● Monthly Analysis commentary on actual and historical trend variances.
Bookkeeping & other accounting related responsibilities
● Reconcile 23+ Bank Statements on a monthly basis.
● Perform Monthly Reconciliation of Sales, Cash, Credit Card, Gift Vouchers & Other Revenue Related Accounts of 45+ stores in UAE and communicate with Senior Manager on relevant adjustments.
● Responsible for accurate and timely month-end close activities that includes (but not limited to) analysis and reporting, journal entries and account reconciliations.
● Analyze & Resolve outstanding Account Balances.
● Oversee Store related expenses and understand trends to control expenses incurred by the store
● Prepares Intercompany Fund Transfers & International Payments.
● Overall custody of Head Office AED & Foreign Cash, Store Petty Cash, Till Float & Cash Float of 45+ stores across UAE.
● In charge in the payment of incentives to sales channels.
● Preparation of Sales Tax Invoice to Customers & follow up for cash collections.
Others:
● Assist in the Implementation of RAMCO Accounting Software System.
● Identify POS related issues and suggest solutions for improvement.
● Mentor Finance Associates related to general ledger impact in the Financial Statements.
● Assist other functional units within the Finance team in carrying out jobs as
and when required by the management.
● Participate in System Upgrades and enhancements as necessary.
Job Responsibilities:
Reporting
● Prepares Income Statement of the company on a monthly, quarterly, semi-annual & annual basis. (Overall & by business unit).
● Prepares monthly Report of Top Performing Sales Engineer, Top Selling Item, High Margin Products.
● Prepares Weekly Report comparing Sales & Inventory values.
● Prepares Weekly Report comparing Sales & Collections.
● Prepares Monthly Vendor & Customer Aging Report.
● Prepares Daily Cash Position.
● Responsible for ensuring the timeliness and accuracy of various financial and business reports are provided to the executive management.
● Develops and maintains relevant databases, provides analyses, and assists in the development of strategies designed to achieve priorities.
● Directly reporting to Chief Financial Officer.
Bookkeeping & other accounting related responsibilities
● Review & Check Local & Foreign Suppliers Invoice including import documents and record landed cost for costing purposes.
● Ensure that all product costs are properly taken in the cost of sales and inventory costs.
● Ensuring that goods received by warehouse are matched with the actual invoices from the suppliers in the MRP system.
● Ensuring that finished goods shipped to the customers are matched with the actual invoices issued to the customers in the MRP system.
● Accounts Receivables & Accounts Payables updates.
● Resolve invoice discrepancies.
● Correspond with vendors and respond to inquiries.
● Reconciliation of vendor payments & customer collections.
● Overall custody of all petty cash related transactions.
● Advised management about issues such as billing and recovery strategies.
● In charge in review and approval of Customer Invoices with less than 30% margin.
● Reconcile employee advances & reimbursements.
● Responsible for related parties (inter-company balance).
● In charge in monitoring prepayments & accrual registers.
● Appraise, evaluate, and inventory real property and equipment, recording information such as the property's description, value, and location.
● Coordinate with warehouse team to review obsolete/redundant inventory to facilitate their removal from the warehouse.
● In charge in inventory adjustment in SAP.
● Assist in daily bank reconciliation & other bank related transactions.
● Assist in month end closing
● Assists in collecting & follow-up delinquent/past due clients.
● Assist in preparing and processing accounts payable checks and wire transfers
Others:
● Assist in SAP Administration & other computer system related activities. (Hardware & Software)
Part of the the team during the implementation of (ISO 9001:2008 & OHSAS 18001:2007)
● Provide First Aid training to company employees as per ISO requirement.
● In charge in the application & issuance of Certificate of Origin required for Export transactions.
● Assist other functional units within the Finance team in carrying out jobs as and when required by the management.
Job Achievements:
● Analyzed project profitability and compiled key business metrics and reported on them to management;
● Developed, maintained, and analyzed budgets and prepared periodic reports for variance analysis.
● Prepare and present financial and other decision oriented information to assist management in the formulation of policies and in the planning, managing the business team and having to report relationships and responsibilities to the company’s organization.
● ACME obtain ISO 9001:2008 and OHSAS 18001:2007certificates
● Obtain First Aid Certification.
Job Responsibilities:
Implement an ERP (Accounting & CRM) System based on standard best practices.
Check & validate Accounts Opening balances
Review and analyze General Ledger Impact of of all posting transactions.
Assist the Accounts Team in recording of suppliers invoices, check payments, recording customer invoices, collection, journal entry adjustments, prepayments & accruals and other financial transactions posting.
Making sure that the system can generate correct and accurate financial reports. (Profit & Loss, Balance Sheet, Statement of Cash Flows, AR Aging, AP Aging, General Ledger, Trial Balance, etc.)
Job Achievements:
Imparted common standard best practices in assisting management with planning, data migration, testing & cutover.
Demonstrated knowledge of accounting principles.
Proposed solutions for business process improvements.
Business Process Analyst & Functional Consultant - ERP/CRM Solution
CLOUDWARE TECHNOLOGY INC. (NETSUITE)
Makati City 1227
Philippines
March 2011 to November 15, 2013
Job Responsibilities: ● Review & analyze the effectiveness & efficiency of existing systems and develop strategies for improvement. (General Ledger Impact & Financial Reports)
● Analyze business processes and configure Netsuite Business
software for ERP, CRM, E-Commerce & related application.
● Meet with Decision makers & end users to define business, financial
& operations requirements & system goals.
● Assessing client needs & formulating solutions through the use of
Netsuite; initiating & leading projects & provide day to day support to clients.
● Provide orientation & training to end users for all modified & new
systems.
Job Achievements: ● Implemented Netsuite ERP & CRM Software in areas of Wholesale & Distribution, Accounting, Sales Force Automation (CRM), Inventory,
Marketing and Support (Cases Resolution)
● Performed cost & benefit analysis to a client that helped them save
almost 40, 000 USD annually.
● Configure Netsuite to monitor Sales Performance by geographical
area, by product category & by sales team for 125 users.
● Proposed and design an accounting process with high level of internal
control.
Job Responsibilities:
Handling day to day operations of various clients in different industry type.
Monitors & records expenses & cash transactions
Managed Accounts Payables and Accounts Receivables
Substantiates Financial transactions by auditing source documents.
Performs monthly bank reconciliation.
Ensuring compliance with tax rules & regulations.
Recording salaries & wages of management & employees.
Managed accruals, expenses & deferrals.
Ensure the confidentiality and security of all financial files
Generate, Review & Analyze Financial Reports.
Job Achievements:
I was able to handle full accounting records of 3 clients with minimum supervision.
Have been recommended as a Functional Consultant to a sister company, Cloudware Technology Inc. mentioned above.