Senior Finance and Operations Officer
B.B. Energy
مجموع سنوات الخبرة :11 years, 11 أشهر
• Increased contracts profit by 35% by implementing efficient methods for cashflow management.
• Decreased default risk by 80% by implementing new legal binding contracts.
• Decreased accounts uncollectible by 43% by implementing new collection policies.
• Worked closely with the Regional and Global managers.
• Produced and analysed managerial reports highlighting cost benefit areas, and profit margins.
• Executed process improvement and system enhancements as needed to improve efficiency and reduce error rates.
• Prepared profit and loss reports.
• Produced Cashflow statements.
• Reviewed reports prepared by other team members and provided constructive feedback.
• Produced and supported quarterly reporting to the Board of Directors.
• Assessed current customer and debtor credits, and other customer credits.
• Pursued prompt recovery of unpaid accounts and other debts not dealt with by the accounting team.
• Scanned relevant documents and Filled transactional and account-related documentations.
• Negotiated bank fees with corresponding banks.
• Prepared of Letter of credit contracts and financial contracts.
• Negotiated and discounted Letter of Credit with advising and confirming banks.
• Reconciled Bank accounts offshore/onshore, and bank position reports.
• Worked with a team and other departments as needed to ensure smooth flow of transactions and streamlined processes.
• Tracked performance vs plan and managed the KPI dashboard.
• Assisted SVP in reporting to lenders and the Board of Directors.
• Aided with day-to-day responsibilities as directed by the SVP of Accounting and Finance
• Overlooked the daily accounting and financial duties.
• Helped to maintain error free accounting books, and producing clean financial statements, and managerial reports.
• Supervised general ledger, accounts payable, and accounts receivable.
• Produced year-end financial audit and other year-end activities.
• Assessed processes and implemented accounting process changes.
• Maintained credit policy; obtained approval prior to any credit transaction.
• Monitored client transactions for any suspicious trades.
• Updated on all AML and TF issues and regulations; monitored transactions for irregularities.
• Reconciled trades/positions between customers and clearers/counter parties.
• Generated P&L reports and reconciled with General Ledger.
• Improved on/implemented new back-office control processes.
• Maintained customer files; in accordance with Compliance to preserve integrity of customer info/transactions.
• Lead in the implementation of an automated accounting software that is linked to the trading software Responsible for posting journal entries, updating financial statements, preparing monthly financial reports, calculating payroll taxes, auditing, and maintaining accounts receivable and payable.
• Managed a team of two junior accountants in day-to-day tasks.
• Executed all accounting operations and records, including, but not limited to, cash receipts, expenditures, investments, purchasing, inventory, assets, payroll.
• Handled accounting payable duties, which included bookkeeping, payments and reconciliations for the company entities.
• Supported the CFO for the administrative tasks, audit, and payroll.
• Analysed all financial activities, to ensure compliance with accounting and legal requirements.
• Prepared Budgets regularly.
• Provided timely and complete accounting information on the company’s business activities, revenues, and expenditures.
• Completed accounting function which may include month-end closure, accruals, general ledger entries, and accounts payable.
• Guaranteed accounting processes are designed and conducted in compliance with applicable policies, procedures, and regulations.
• Prepared journal entries and account reconciliations guaranteeing the efficiency and correctness of the process.
• Produced and processed invoices.
• Cross-checked invoices with payments and expenses to ensure accuracy.
• Communicated with clients regarding billing and invoices.
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