Accounting Lead
Integrant Inc.
مجموع سنوات الخبرة :17 years, 7 أشهر
• Assist in the development and implementation of goals, policies, priorities, and procedures relating to financial management.
• Costing and GP calculations for all projects on a monthly bases using resources allocation provided by TPLs.
• Analyzing estimated vs. actual Gross Profit for all projects on a monthly bases and showing the discrepancy reasons.
• Directs the maintenance of general and subsidiary ledgers, accounts receivable, accounts payable, banks reconciliation, cost, petty cash, and expenses.
• Supervises and participates in the preparation of various financial statements and reports.
• Supervise the monthly closing process with the finance manager in US office.
• Manage payment process & checks issuance in accordance with procurement department.
• Contact Vendors for payment issues and accounts reconciliation and payment delivery management.
• Holding Petty cash including USD and EGP and managing all cash payments.
• Payroll calculation including payroll tax and social security’s calculations and payroll processing through online banking.
• Working with personnel manager for employee contracts verifications and social security documents review.
• Withholding Tax calculation & issuing (form 41) for tax authority quarterly.
• Reporting Daily to the Finance Manager to get purchase approvals and reporting day to day financial updates.
• Handling all banks tasks including check books and cashier orders issuance, issuing weekly reports of bank accounts status, performing transfers and have joint authority to sign checks.
Achievements:
o Implemented new process for finance department from the start as I was the first accountant hired in the company including organizing the relation between finance department and all other departments.
o Supervised procurement department to create vendors file and make on credit deals instead of cash payments.
o Held meetings with the company lawyer to finish all formal/legal paperwork of the company including commercial register, tax ID, Company License, labor office file, and annual board of directors meetings.
o Opened USD bank accounts for all employees to change the payroll payment from EGP to USD and making deal with the bank to give special interest rates for employees for loans.
o Decreased utility costs such as electricity by 30% by implementing a process of changing high voltage equipment and shutting down unnecessary appliances when not in use.
• Received sales orders from sales department and issued customers’ invoices.
• Charged customers accounts and approve on campaigns in accordance with their payments and/or their credit status.
• Reviewed customers’ contracts and give an opinion on prices and payment terms.
• Monitored credit customers and outstanding invoices.
• Maintained price lists and customers contracts.
• Performed a daily aging report and customers’ monthly accounts balances.
• Communicated to customers in relation to accounts reconciliations & confirmations.
• Followed up the daily bank position.
• Received cash/checks from customers.
• Performed monthly bank reconciliations and banks business related duties.
• Monthly reconciliation with sister companies and monitored intercompany accounts.
• Prepared the monthly closing process.
• Reported directly to the financial controller the monthly financial statements.
Achievements:
o Applied cost centers to all income statement transactions.
o Re-allocated new cost centers on all previously allocated transactions.
o Allocated new cost centers on all new transactions.
• Issued customers’ invoices in accordance with project completion percentage and contracts.
• Reviewed & approved all issued invoices.
• Revenue recognitions of all projects in accordance with contracts.
• Monitored cost per projects and prepare the required entries.
• Reviewed the inventory issues related to the Customers’ invoices.
• Prepared monthly analysis for Gross Profit, Projects under Implementation, Trade Accrual, Accrued Revenue, and Unearned Revenue.
Achievements:
o Changed the revenue recognition process for all open projects as per CPA recommendation
o Settled Project under Investment account for all delivered projects and recognize accrued revenue/expense.
o Reviewed opened projects Profit & Loss and suppliers Purchase Orders and make settlements of trade accruals and provisions.
• Created Assets, Posted acquisition entries, run depreciation on monthly bases.
• Revised contractors’ interim payment certificates in the fields of construction, electro mechanic, and other fields and made the required entries.
• Monitored employees’ petty cash funds, post the required entries and settlement with treasurer.
• Handled payments for vendors/contractors.
• Reviewed contractor’s contracts and letters of acceptance and make sure they are applied efficiently.
• Tracked Letter of Guarantees with the bank performed the necessary renewals.
Achievements:
a- Revised all historical invoices for fixed Assets since 1998 and performed the needed actions:
o Created the missing assets on the accounting system.
o Depreciation and disposition to reach the accurate assets book values.
b- Implemented SAP ERP system:
o Prepared balances for all vendors/contractors, down payments, and withholding tax for the beginning balances on SAP.
o Prepared balances for fixed assets, depreciation expense, and accumulated depreciation for the beginning balances on SAP.
• Analyzed monthly expenses for all financial entries.
• Calculated/Audited invoices for all sales sectors.
• Prepared & posted accounting entries to the relevant books.
• Prepared and reported trial balances on a monthly bases.
• Monitored the finished goods warehouse and performed a periodic inventory count.
• Prepared monthly employee’s salaries and overtime.