Accountant
Eastern Petrochemical Trading FZCO
Total years of experience :11 years, 5 Months
• Provide dynamic leadership to the accounting team
• Supervising and managing the company’s audit and intercompany activities
• Develop and maintain accounting policies and procedures, implementing and standardizing optimal accounting practices across the business.
• Maintaining the accuracy of intercompany, related party balances and transactions across the group
• Ensure successful completion of the company’s tax filing.
• Provide technical accounting direction to staff
• Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.
• Advise on investment activities and provide strategies that the company should take
• Maintain the financial health of the organization.
• Analyse costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
• Develop trends and projections for the firm’s finances.
• Conduct reviews and evaluations for cost-reduction opportunities.
• Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
• Liase with auditors to ensure appropriate monitoring of company finances is maintained.
• Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.
• Recording of daily Cheque Disbursements
• International Purchase & Supplier’s account
• Service purchases - local suppliers
• Sending SOA for export customers
• Support team for weekly sales report (pending orders)
• Ageing analysis of Vendor’s account for monthly due payments
• Quarterly VAT filing reports summary
• Monthly checking of payroll report from HR/Posting to accrued A/C
• Bank reconciliation (Disbursement & consolidation summary)
• Monthly expense report
• Monthly Interdivision Report
• Maintaining PPE lapsing, prepaid & Provision balances
• Year End Closing and Finalization
• Preparation of Financial Statement
• Maintaining, keeping and liaising records for audit.
• Any other analysis that might be required by Financial Controller.
• Keeping track of all payments and expenditures.
• Reconciling processed work by verifying entries and comparing system reports to balances
• Ageing analysis of Vendor's account for monthly due payments
• Paying vendors by scheduling pay checks and ensuring payment is received for outstanding credit; generally responding to all vendor inquiries regarding finance.
• Preparing analyses of accounts and producing monthly reports
• Preparation of Invoices, sending SOA for Customers, Aging of Receivables
• Preparation of payments as per required terms such as advance, cash againstdocuments, cash against documents through bank, Letter of Credit, Avalization.
• Preparation of Telegraphic Transfer for supplier payments.
• Handles Petty Cash Office, Petty Cash Warehouse, PRO Petty Cash and DOCash
• Preparation of overtimes payment for employees for the payroll
• Preparation of all payments for the company.
• Obtains necessary information to process letter of credit, avalization verifies all documentation for accuracy and completeness for the LC application for variousimport shipments.
• Performed general ledger accounting functions by analyzing, reconciling and maintaining various balance sheet accounts which includes prepayments (rent/insurance/software), accruals, suspense accounts and currency related accounts.
• Closing of monthly prepayment and depreciation
• Preparation of Bank Reconciliation
• Other related duties assigned.
• Maintain day to day accounting and preparation of financial as per therequirement of the company.
• Preparation of full sets of accounts (Profits and Loss Statement, Balance Sheet, Cash Flow Statement & Trial Balance)
• Maintain and keep all necessary records for audit (PricewaterhouseCoopers) andfuture reference.
• Prepare Salary/Payment/Receipt Vouchers.
• Handle accounts receivable/ payable/Payment through Telegraphic Transfer
• Update bank reconciliation on a regular basis.
• Prepare Payroll/Leaves/WPS/Overtime
• Prepare the computation of Gratuity of employees.
• Monitor and manage cash collection and petty cash.
• Prepare fixed assets depreciation and prepayment schedule.
• Handle filing of VAT return/refund.
• Input all accounting transactions in the Tally system.
• Ensured that month-end/ quarter-end and year-end closing activities arecompleted accurately and timely and all accounting deadlines are met.
• Understand and applied accounting policies and practices (GAAP, IFRS &Company Policies) applicable to assigned accounts.
• Handle Multi currencies accounts (transactions with branch overseas)
• Comply with Quality Management System & its Environment, Health & Safety standards, and procedures.
• Performed administrative activities like participation in finance safety programs, ensured process documentations are kept current or timely updated and that records archiving, and retention policy are adhered to, aims for continuous self- development by taking self-study courses &attended functional training.
• Perform related duties as assigned.
• Performing accounting duties throughout the project, such as preparing invoices, quotations and preparation of purchase orders
• Prepare and reconcile daily, weekly, and monthly reports and statements.
• Review contractors' bills for accuracy and completeness, check payment request and preparation of cheques.
• Review vendor invoices and subcontractor bills
• Maintain files on contracts and insurance policies.
• Preparation of payment for Insurance, Etisalat, and DEWA
• Performs other related duties as required.
• Preparation of Journal Entry Vouchers (JEVs) and posting of entries from the journals to the Subsidiary and General Ledgers
• Maintaining Books of Accounts (Subsidiary and General Ledgers)
• Prepares Financial Reports (Trial Balance, Balance Sheet and Statement ofIncome and Expenses)
• Reconcile accounts.
• Payroll accounts
• Accounts receivable accounts
• Performs other related duties as required.