Accountant
AL FAHIM GROUP
مجموع سنوات الخبرة :27 years, 5 أشهر
PAYABLE & PROJECT ACCOUNTANT (Automotive & Real Estate-Finance Shared Services)
Account Payable Accountant for two companies ( Automotive and Real Estate & Infrastructure )
Classify, Review, Sort, Match and Resolve invoices discrepancies.
Ensured input in timely and efficient manner payment of all vendor invoices via Oracle Financial, Kerridge and Maisonette systems.
a. Obtain proper authorization prior to data entry of accounts payable invoices from GFC & Business units.
b. Classify invoices to appropriate general ledger accounts and sub accounts.
c. Process payments within vendor payment terms, obtain all check signatures and releasing
d. Prepares supplier wire transfer for local & international payments.
Verifies and Process Expense Reports/Petty cash replenishments in accordance with the policy.
Corresponds with vendors and respond to inquiries.
Review supplier’s monthly statement, performs reconciliation and correct discrepancies.
Responsible for the inter-company transactions of the group on handled companies.
Performs monthly accruals, account reconciliations and schedules.
Processed Month End closing, reconciliation and reports.
Reconcile accounts payable data to general ledger.
Provide a monthly Aging Report and estimated Disbursement Report for the following month cash flow.
Work closely with Auditors during bank and yearly audit.
Communicate and coordinate with the business units offices.
Member of the implementation team of MAISONETTE real estate & financial system.
PROJECT ACCOUNTANT RESPONSIBILITIES
Work independently as a sole accountant and responsible for the complete accounting of each project.
Improved and established standard procedures and documentation on project related accounting cycle and continuous improvement of controls from project commencement and completion.
Review and verifies contractors and suppliers progress billings approved by property development and ensure that substantiated documents and proper approvals is complied.
Handle and process all aspects of construction payables, including coding and ensure that calculations in billings are according to contract agreement stipulations.
Communicate with Treasury dept. to obtain funds approval of all project payments.
Effectively communicate with Project Managers (PM) and Principals-in-Charge (PIC), regarding contract documents, approved change orders and other contract modifications, and any additional services-related to billing.
Provide a monthly interest calculation on financed projects.
Incorporate figures for accurate recording of project year end accruals of invoices of works completed that has not been received from property development det/vendors/contractors.
Tracking of development projects -actual, committed costs, and costs to complete.
Prepare a monthly Actual Project Cost Reports against Committed Cost and other spreadsheets as requested by SFC.
Provide Actual Project Cost close out to Fixed asset accountant for capitalization.
Responsible on all project accounting data bases to ensure timely upkeep, security and control.
Maintain the billing folders for all projects, with all the appropriate documents, including expenses, consultant invoices, and monthly invoices, in accordance with standard procedures.
Recommend and implement agreed process improvements to the billing cycle.
Perform other related accounting functions as required relating to projects, to include collecting supporting documentation for auditors.
• Handles daily invoicing and ensure complete invoicing before month end closing both system generated and manual invoicing.
• Handle complete process of salik downloading, allocating and invoicing to customers.
• Communicate with cashier and credit control department with regards to customer discrepancies and adjustments.
• Engaged Account Receivable Manager and Credit Control any AR problems encountered.
• Resolved and Reconcile customer account ledger, Lease Termination and End of Contract Lease.
• Handles credit notes approval requests and posting the adjustments.
• Monitors monthly payments and balances accounts for time payment agreement accounts.
• Handles the customer’s monthly payments arranged via credit card and or bank transfer payments.
• Monitor and submit requests for all related employees approved payroll deduction and owner’s personal account charges upon receipt of approved documents.
• Monthly submission of business unit account balances on vehicle leased units.
• Submission of monthly invoices and account statement and following up payment on all corporate accounts.
• Coordinates with the sales department staff for all bounced cheques and providing receipts to accountant in-charge maintaining the bounce cheques record.
• Administrative works supporting the business unit requirements.
• Pioneer staff of Taajeer Auto Leasing knowledgeable on all business unit processes.
- Responsible of sales invoice posting.
Responsible of daily collections and follow-ups to customer according to credit terms.
Post and allocate collection receipts or payments of customer.
Analyzed Monthly Account Receivable aging reports.
Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted.
Monitor customer account details for non-payments, delayed payments and other irregularities
Verifies validity of account discrepancies by obtaining and investigating information from sales, trade promotions, customer service departments, and from customers;
Handles the daily Bank deposits and daily Bank Reconciliation of all the corporate bank accounts.
Performs account reconciliations and general ledger.
Responsible for the preparation of direct miscellaneous payments and posting to system.
Handles prepaid rent allowance ( processing, payment, monthly expense allocation and G/L reconciliation )
Handles money market placements ( Time Deposits placements )
February - August 2005 Supervisor Cost Accounting Section / Importation In-charge
May 2003- February 2005 - Assistant Supervisor - Cost Section / Importation In-charge
April 1999 - May 2003 Project Accountant III / Importation In-charge
Specific Duties & Responsibilities
- Supervised staff of 5 in general ledger, billing, accounts payable & project accountants
- Supervised and Conduct internal interim audit inventory flow and accountabilities at the central warehouse and project sites.
- Coordinates with the Accounting Manager in administering the general accounting processes & procedures.
- Generates daily and weekly report of disbursements made to creditors.
- Review and check petty cash replenishment and approvals of payables for disbursements.
- Responsible for the cash flow / disbursement weekly budget and check preparation in the absence of Finance Officer.
- Deals with bank officer in-charge pertaining to financing activities of the company in the absence Finance Officer & VP Finance.
- Prepares Monthly Progress Billings of multi million projects.
- Work closely with Project Manager in preparing monthly progress invoices to Owner/Consultant for work performed during the month.
- Implement accounting systems, cost control and procedures at the project sites and cost centers in order to have a smooth flow, proper monitoring and controls of transactions.
-Support continual efforts to improve reporting enhancements and initiatives through automation and system improvements.
- Prepares monthly internal reporting and quarterly reporting required by VP-Finance
- Develop, analyze, interpret and provide internal distribution of financial information in order to appraise operating results in terms of profitability and performance against budget.
- Handles in processing of import purchases of the company and its free zones affiliate companies. Job entails as follows:
- Handles & prepares L/C & T/T application & other required documents on both national & international
- Coordinates with the bank and supplier for the L/C requirements, it’s insurance and any bank correspondence including amendments
- Coordinates with Free Zones export /import in-charge.
- Follow ups required documents and monitors shipment arrival
- Handles the clearing of arrived shipments at custom authorities and logistics function
1995-1999 PRIMARY STRUCTURES CORPORATION - Cost Accountant I to Project Accountant
Specific Duties & Responsibilities
- For out-of-town contracting projects or Project Office works:
- Handles general accounting works, such as processing of payables, vouchering, check preparation & releasing, Treasury works ( forecasting & budgeting of disbursement on a weekly basis)
- Matching of invoices, purchase orders and receivers and auditing of invoices for discrepancies
- Process invoices for payments on a weekly basis.
- Handles the bank, accounts payable, accounts receivable reconciliation’s.
- Prepare weekly & monthly Cash flow report
- Coordinates with bank officers for any bank transactions & operations.
- A trusted signatory of the company check on out-of-town projects.
- Provides necessary reports required by Head Office and top management
- Prepares monthly progress billings and follow up collections of the company clients.
- Handle and Reconcile company account receivables and client’s individual ledger.
- Coordinates with Project Manager for the actual accomplishment reports necessary for the preparation of monthly progress billing to clients.
- Review transactions flowing from project sites, purchasing and accounting departments.
- Administer and prepares accurate and timely submission of monthly comparative and profit & loss reports required by top management & other special reports as requested.
- Performs monthly account reconciliation to G/L balances on handled transactions.
- Project Costing ( material, labor & equipment ) of various multi million projects
Specific Duties & Responsibilities
- Records and keep track daily sales of the store.
- Conduct a daily audit on sales against cash department records, inventory audit of stocks on display.
- Complete cash reconciliation and verify daily deposits.
- Verify all sales have been captured in the system and there are no missing transaction
- Verify cash deposits and petty cash activity and research any tender variances
- Transaction Error and Exception management
- Analyze and distribute daily corporate sales flash report
- Investigate and correct sales discrepancies
- Analyze and distribute daily corporate sales flash report to Management
- Ensure timely closing of all sales at month end
- Assist stores with Gift Certificates and store credits
- Manage and issue corporate gift certificates
Completed a 4 years degree of Bachelor in Commerce-Accountancy