Senior Accountant / Team Lead
Dubai Holding
Total years of experience :18 years, 4 Months
Supervise 18 finance staff of 3 teams thru assignment, directing and monitoring their tasks and performance
Review, approve or post AR finance invoices, receipts and allocations, especially, reversals and adjustments to ensure adherence to company policies and procedures with proper accounting
Review and modify AR finance process and implement automations to increase efficiency and accuracy of data provided to other departments and outside parties
Prepare and present revenue recognition and related analytics as per IFRS
Review bank reconciliation and prepare adjustments to reflect impact
Perform month-end closing activities
Prepare Sales Reports, Collections Reports, AML Reports, Aging Reports and any ad hoc reports as required by management
Prepare system to GL reconciliations, cash flows and forecasts
• Accounting for Multiple Projects and Reconciliations
o Invoicing, receipting, allocation and adjustments for Unit Sales Projects and Land Sales Projects
o Customer balances, bank reconciliation of escrow accounts and Intercompany reconciliation
• Finance support for Sales and Collections
o (Provides and reviews Statement of Accounts, Payment Plans, Tax Invoices, charges and various requests as required)
• Sales Reports, AR and Overdue Reports including Analyses to Finance and Management (usually Budget vs. Actual, Cash Flow-related and Horizontal Analyses Reports)
Accounting Functions:
• Daily recording of (commissions) cost of revenues, supplier invoices and all payables/liabilities and supplier contracts
• Daily counterchecks of accounting entries generated by SAP B1
• Daily and monthly bank reconciliation plus PDC maintenance
• Maintenance of budget vs. actual expense reports
• Month-end activities of creating accruals, provisions and adjustments
• Management of payroll additions and deductions
• Perform A/R accounting and contract revenue recognition in the absence of A/R Accountant
• Assist Finance Manager in creating analyses and reports
Treasury Functions:
• Daily cash position and weekly cash status
• Check management, preparation and release
• Petty cash fund and cash on hand management
Roles and Responsibilities:
• Daily review of accounts payable, fixed assets, sales and logistics transactions and perform various reconciliations
• Supervise month-end and year-end closing procedures for KSA, UAE, Egypt and Kuwait
• Train, support and supervise location accountants in work processes and resolving issues
• Maintained master data for GL accounts, suppliers and non-trade customers
• Maintenance and review of profit and loss, balance sheet and cash flow for budgeting and financial analysis
• Maintenance and oversight of business process flowcharts and training manuals
• Upon transfer to UAE, perform accounting and treasury functions for Corporate Office and train Accounting personnel
• Create ad hoc reports as directed by Finance Director or CFO
Achievements:
• Established and maintained uniform EXCEL financial analytics effective for consolidation of reports all across the MENA region
• Successful finance training for SAP Implementation/Roll-out in KSA, UAE, Egypt, Kuwait and Oman
• Resolved accounting issues and created work-around processes
o Update and maintain foreign exchange rates in SAP
o Perform monthly foreign currency revaluation
o Ensure proper maintenance of GLs affected by system runs
Roles and Responsibilities:
• Team lead for completing yearly operations review of branches/sales depots across GCC countries to ensure approved internal controls are in effect
• Revise company policies and procedures to close down loopholes and minimize risks as per audit/review results
• Complete and lead accounting projects as assigned
Achievements:
• Surrounded KSA, Qatar, Oman, UAE and Bahrain branches to complete operations review of 15-20 out of 46 sales branches yearly
• Revised cash, petty cash, invoicing and credit control procedures to prevent misinterpretations and ensure clarity
• Led a team on successfully aligning and correcting massive fixed asset data of subsidiary company
• Completed GL-per-GL review, adjustments and corrections of 2 subsidiary companies for business combination
Roles and Responsibilities:
• Travel for field audits of sales branches and nearby agents
• Document control and probing
• Business process mapping and risk evaluation
Achievements:
• Applied auditing principles for operations audit of 2 large branches and various agencies
• Created an Excel tool to collect evidence to prove fraudulent activities of an agent company
• Completed business process mapping and reviews on Procurement Department activities
o Financial record maintenance and financial statement preparation presented to the Chief Controller and Board of Directors
o I perform bank reconciliation of 2-3 active bank accounts
o I perform monthly and quarterly VAT returns and quarterly and yearly income tax returns
o Establish a new accounting and reporting system from old manual system to new QuickBooks system
o I maintain and report various expense and subsidiary ledgers
o Experienced treasury functions (cashier and petty cash handling) for various branches
