SAS Center Analyst
ABB Industries LLC
Total years of experience :30 years, 5 Months
Achievements:
- Reduced the un-reconciled vendor balances by 75%.
- Prepared Process Manual for Accounts Payable.
- Reduced the process of IG report preparation by coordinating with REMSC the details of the report requirement.
- Increased the volume of invoices (e-invoice) received electronically from Inter-company Vendors by 70%
Responsibilities:
- Report to the Accounts Payable Manager.
- Scrutinize invoices for accuracy and check approval by designated authority; process invoices through Basware automated invoice processing solution.
- Prepare Accounts Payable; oversee prepayment and accrual account reconciliations.
- Monitor project cost and update status to the management; ensure project costs are within budgets.
- Prepare and post journal vouchers which may include consolidations and eliminations.
- Prepare Intra Group Accounts Payable reports and forward these to ABB Headquarters on monthly basis.
- Resolve queries regarding invoices and payments which are raised by vendors and departments.
- Update Accounts Payable Manager regarding daily problems encountered in posting of invoices and accounts payable.
- Recommend solutions which will further improve the process.
- Coordinate with external auditors regarding accounts under audit.
- Ensure control measures are in place regarding SOX compliance.
- Special assignment: Designated as OE Assessor/Auditor for Sarbanes and Oxley Act - review organizational control procedures and test each control to ensure procedures comply with the Sarbanes and Oxley Act.
Achievement:
- Organized the tagging of Fixed Assets.
Responsibilities:
- Reported to Finance Manager.
- Managed and maintained the company’s fixed asset record, controlled physical inventories and tagged capital and sensitive equipment items.
- Recorded, classified and posted fixed asset transactions; depreciated fixed assets according to their life classes.
- Logged, reviewed, and posted and adjusted journal entries.
- Updated the fixed assets subsidiary ledger, systems, and manuals.
- Prepared schedules for the Government, External and Internal audit.
- Reported to Finance Manager & Controller.
- Updated Finance Manager of all transactions and financial performance.
- Directed workflow, supervised and trained accounting staff performing posting to general ledger.
- Prepared project report and submitted it to Finance Manager for budget purposes; managed costs of projects.
- Oversaw monthly reconciliation of accounts, trial balance and financial statement and other MIS reports.
- Liaised with the bank to avail Letter of Credit (LC), performance bond, tender bond and bank guarantee.
- Managed accounts receivable, payable accounts, accrual accounts and prepayment accounts.
- Custodian of petty cash in different currencies.
Achievements:
- Established the company's networking and computerized accounting process.
- Key role in upgrading the company from consultancy to Limited Liability Company.
- Coordinated with the bank for the company be provided with overdraft facility.
Responsibilities
- Monitoring of financial aspects of different departments and communicate results with the Managing Director.
- Coordinated with Auditor for annual financial audit; formulated departmental budgets and updated all departments of their financial position.
- Managed the payable accounts and receivable accounts.
- Handled all petty cash transactions and liaised with banks.
CMA Certification
Graduated with a degree of Bachelor of Science in Commerce Major in Accounting. Later took up course in COBOL computer programming.