Chief Accountant
Proclad Group
مجموع سنوات الخبرة :18 years, 10 أشهر
Prepare Group Packages Financial reporting including the Cash flow, Balance sheet Profit and loss, Financial Notes for all the group companies and submit to Group Finance director in UK for review Apply IFRS 7 & IAS 28 model as well as IFRS21 for all the group Companies
Review Fixed Assets Register and comply the Assets Records with IAS 16
Prepare the Management report for month end close include the statement of the comprehensive Income & Balance sheet
Review LC and apply and follow for the status of the LC from the Customer
Review the performance bank guarantee based on the Milestone of the project and the advance bank guarantee
Review the Loan Covenant and use the Finance instruments I.e. interest Coverage or Gearing to compare with bank Facilities level Prepare the three month forecast and Budget based on the information provided from the other departments and submitted to the Group Finance director in UK for review
Review aged payables and aged receivable using payable and receivable day’s technique
Review the WIP and Ensure The labor &Service& Burden & Material Cost are correctly captured
Review the gross Profit on monthly basis and compare the estimate cost with actual
Works with both internal and external auditors during financial and operational audits.
Prepares documentation and supporting schedules for the annual financial review.
Prepare the ICV Program to ADNOC
Control Cash Management sheet
File the VAT Return on Monthly basis
Achievement
• Implement Fixed Assets policy for the Group of Companies
• Reassess the Remaining life of the machines by extend the remaining life of the machines from 120 month to 180 month which create 1.8 Million profit in P/L under the account standard IAS 16 and IAS 8
• Identify the Overhead unit cost for the group of companies using Activity based Costing Technique \\{ ABC Method \\}
• Enhance the Financial Reporting by implement advance excel formulas for better understanding
• Reduce 120+ days of outstanding Payables by 30% and the Reduce 90+ days of outstanding Revenue by 40%
• Successfully Tracked orders to completion thus reducing late discount credit by 20 %
-Handles general ledger, payables, receivables, fixed assets and bank operations. -Inventory Management. -Bank reconciliation. -Payroll and inter company transactions. -Keeps and maintains the confidentiality of the company’s financial records.
• Planning and conducting Professional Management system Audit • Generation ideas to maximize assignment profitability • Identifying areas of potential Efficiency improvement • Involved in financial reporting, risk management, compliance, integration • Daily contact with Client staff and other parties • Draft audit report for review by the lead auditor and senior manager • Identify any gaps in control and make practical recommendation • Comply with Audit with the IFRS and audit standard
-Prepares Journal Entries, Miscellaneous expense. -Provides operational support to payment terms. -Handles company invoices, payables, and receivables. -Monitoring of credit limits.
Prepares Journal Entries, Miscellaneous expense.
-Provides operational support to payment terms.
-Handles company invoices, payables, and receivables.
-Monitoring of credit limits.
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