Accounting Manager
Seazen Hospitality Company
Total years of experience :15 years, 3 Months
• Reporting Quarterly and Monthly Financial Statements to CFO
• Defined and implemented an effective Authority Matrix and ensure business process complies on same
• Liaison with - PWC & EY to complete audit of 6 regions on a timely manner
• Ensure proper accounting and filling of Tax / VAT for all 5 GCC regions
• Review Staff Benefit Calculation and approval for processing payment
• Key role in external party negotiations and availing best offers in deal
• Asset Register validation on a quarterly basis
• Identifying areas for Cost Cutting and suggestion on Improvement
• Project Tracker creation to analyze feasibility of new expansion plans.
• Managing all Seazen Group GL accounting functions
• Develop staff performance by setting monthly tasks schedule, assessment and uplifting the weak areas by ongoing training activities.
• Reporting financial statements.
• Budget setting, Cash flow forecast on 5 year plan and review on variance compared Actual data with concerned department heads.
• Build a structured Staff loan process, procedure and review budgets on yearly basis
• Payroll processing on a monthly basis in adherence to Kuwait and Other GCC Labor Law
• Finalizing audit requirements by coordinating with external auditors for a timely audit report.
• Maintain Fixed asset schedule and reconcile with GL accounts.
• Closing Entries booking provisions and accruals.
• Implemented effective Financial Policy standards in less time for all GCC
• Initiated and introduced loan facilities in best offer by a detailed study of various bank comparisons and had a good relation with all reputed banks.
• Review, posting and reconciling all GL Accounts and ensure book closure on timely basis.
• Reporting the financial status of Projects to management
• Fully managed a KOC project worth KD 27.5 million successfully for Arabi Enertech K.S.C.
• Preparing a full repot on LC - LG for whole company and taking necessary actions in connection with bank
• Reconciling all GL Accounts for Company
• Booking Asset Register and maintaining fixed asset schedule for company
• Inventory report to top officials with adjusted variances and documenting explanations of their related queries.
• Issue of Invoices to clients as and when shipment occurs
• Booking expenses for all invoices issued for the month
• Month end closing entries - depreciation schedule and other accruals, provisions
• Reconciliation of Supplier, Bank and Other Receivables Account
• Preparing Variance Analysis report on budget and current period
• Review of Trial Balance and reconciling GL accounts on a monthly basis
• Compiled Sales Report of both Finance and Operation to Management
• on a weekly basis and actions being taken for the variance
• Completion of Purchase Costing and approval of GRN
• Preparation of Salary, Bonus and Commission for staff
• Monthly Reconciliation - Banks, Intercompany and Suppliers.
• Month end entries as - Provision for Leave Salary, Provision for
• Indemnity, Rent & Depreciation
• Handling & reviewing Petty cash statement for the Company
• Preparing Variance Analysis report on budget and current period
• Preparing & Maintaining Payroll, Pay slips
• Assisting in month-end closing activities- Leave and Indemnity Provision
• calculations
• Reconciliations of Bank Statement and Supplier Statements
• Assisting in Preparing Profit & Loss Account and Balance sheet
• Handling & Reviewing Petty cash Statement for the Company
• Internal Audit for the Job cards opened and finding reasons and
• explanation for the variances occurred
• Preparing Sales Analysis Report and comparison with previous years and
ratio analysis report for the management
courses: ACCA , UK Association of Chartered Certified Accountant British Council Part 2 Qualified Part 3 Perusing
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