accounting manager
Valaris Drilling
مجموع سنوات الخبرة :19 years, 9 أشهر
• Preparation of all month end accounting requirements to meet scheduled due dates.
• Perform variance reviews of G&A and operations support costs, research variance root causes, and determine action plans to improve financial statement.
• Analysis and production of monthly balance sheet reconciliations.
• Prepare ‘accounts receivable’ (AR) invoices and ensures that all costs are recharged to the customer as per contract agreements.
• Dealing with customer for any dispute invoices.
• Review all vendors invoices local and nonresident with the contracts
• Working closely with tax advisors for all tax issues salary tax, withholding tax And VAT
• Clarify tax inspection requirements for concerning departments (Financial Accounting, Payroll), which will help to define and study any tax problems
• Perform Monthly and quarterly payments to tax office for personal
Income tax and supplier’s withholding tax.
• Dealing with External auditors to prepare the financial statement
• Respond to Internal audit requests for support documentation.
• Prepare and submit all the tax reports.
• Preparation of all statutory books.
• Prepare for the tax inspections with the tax consultant guidance.
• Work with the HR to put a proper setup for the salary tax
• Prepare the required analysis and documentations for the annual tax return.
• Set up the necessary future required documentation necessary for the tax department.
• Responsible for Payroll oversight and processing
• Prepare monthly bank reconciliations
• Ensure that sufficient funds are available to meet ongoing operational
• Advise management on the liquidity aspects of its short-and long-range planning
• Record fixed asset acquisitions and dispositions in local asset register
• Review the detailed schedule of fixed assets and accumulated depreciation
Prepare monthly actual operating result by reviewing accounts payable, payroll, inventory transactions, system accruals, and the requirement of manual accruals and to ensure the commentary is accurate.
•Ensure deadlines for processing month end close are met
•Includes all other Budget and forecast activities to ensure reasonableness based on known information.
•Preparation and review of required Budget and Forecast Bridging and variance analysis reports
•Ensure 100% compliance to the Financial Policy & Procedure Manual
•Review Project Authorizations (PAs) for accuracy and in compliance with Budget and Quarterly Forecast
•Preparation of monthly balance sheet notes for assigned cost centers with appropriate supports to verify balances for accuracy.
•Joined to transition team to support two companies in transition period after the split between Transocean and Shelf Drilling
• Travco Group
• Revising and approving the document flow cycle that includes invoices, purchase orders & receiving notes received from subsidiaries "Ships & Nile Cruises" then prepare the required journal entries then forward journals created and the attached documents to the Internal Audit Department.
• Responsible for the analysis of Suppliers' Accounts.
• Issuance of checks to suppliers.
• Dealing with withholding taxes and stamp taxes
• Creating the prepayment journal entries for the Insurance policies, then monthly distribution of the prepayment to match each expense to the actual month.
• Inter-branch payables.
• Petty Cash for small cash disbursements.
• Dealing with external auditors.
Bachelor Degree in Accounting from Cairo university in 2003