Senior Financial Accountant
Fortune Engineering & Energy Services LLC
Total years of experience :17 years, 5 Months
Leading EPC Contractor providing Engineering, pipeline, electrical, instrumentation control and structure installation services to Oil & Gas Industry, project operating in various countries i.e., KSA, UAE, Kuwait, Qatar
Account Payable Management
1. Post business transactions, process invoices,
verify financial data for use in maintaining
accounts payable records
2. Provide other clerical support necessary to pay
the obligations of the organization
3. Maintain meticulous records of outstanding
payables
4. Ensure the accuracy of an organization’s financial
documents for payment, auditing and tax
purposes
5. Protect businesses against unintentional
overpayment
6. Practice effective monitoring to ensure
payments are made to vendors in a timely
manner
7. Reconciling processed work by verifying entries
and comparing system reports to balances
8. Paying employees by verifying expense reports
and preparing pay cheques
Account Receivable Management
1. Generate and send invoices to customers.
2. Resolve customer billing disputes
3. Reconcile customer accounts to ensure accuracy.
4. Follow up with customers regarding overdue
payments.
5. Monitor customer accounts for delinquent
payments
6. Prepare and submit monthly reports to
management
7. Maintain customer accounts in the accounting
system
8. Prepare and submit customer statements
9. Respond to customer inquiries regarding billing
and payment
Tax & VAT
1. Preparation of VAT return and submission to
government Bodies.
2. Handle Input & Output VAT Reconciliation and
adjust it in the VAT Return Report
3. Management of Tax Audit of Federal Tax
Authority
Financial and Operational Audits
1. Approve all daily Financial Transactions with full
of accuracy & integrity with all the relevant
documents.
2. Ensure the Reconciliations & Balance
Confirmations of Banks, Corporate Client, Sister
Concern Companies, Suppliers and
subcontractors
3. Facilitate internal Auditor for required queries,
documents, and reports.
4. Arrange requested documents & reports by
External Auditor to carry out Annual Audited
Reports.
Leading Group of Companies wide Manufacturing, Construction, Transportation, Healthcare, Education, Real Estate, IT, General Trading and Safety & Security, operating in UAE, Qatar, Saudi Arabia and Egypt
Account Receivable Management
1. Generate and send invoices to customers.
2. Resolve customer billing disputes
3. Reconcile customer accounts to ensure accuracy.
4. Follow up with customers regarding overdue
payments.
5. Monitor customer accounts for delinquent
payments
6. Prepare and submit monthly reports to
management
7. Maintain customer accounts in the accounting
system
8. Prepare and submit customer statements
9. Respond to customer inquiries regarding billing
and payment
Treasury-Banking
1. Maintaining good relationship with Bank’s
Relationship Officers.
2. Processing Project Bank facilities, LCs/Bank
Guarantees, Security checks and Process
Renewals and Cancellations.
3. Maintain Bank Reconciliation, Over Draft, LC
Accounts Reconciliations.
4. Maintaining Treasury and Cash Flow reports to
as required by Treasury department.
5. Maintain Semi-Annual Financial Positions
requested by Banks in orders to renew Bank
facilities.
Inventory Management
1. Perform daily inventory reconciliation and
analysis.
2. Manage inventory records and ensure accuracy
of inventory levels.
3. Monitor inventory movements and ensure
compliance with company policies.
4. Conduct physical inventory audits and report
any discrepancies.
5. Coordinate with warehouse personnel to ensure
accurate inventory tracking.
6. Perform cost analysis and identify cost-saving
opportunities.
7. Analyse inventory data to forecast future trends.
8. Provide recommendations to reduce obsolete
and excess inventory.
9. Ensure accurate and timely inventory reporting
to management.
Budgeting and Costing
1. Perform Project Costs Budgets and Forecasts,
Cost Tracking and Monitoring.
2. Record and Analyse of all the contract cost and
ensure the project cost being charged relevant
Cost Centres.
3. Receive, and calculate revenue budgets from the
Planning teams, check to ensure their conformity
to formats, criteria, and policy guidelines.
Tax & VAT
1. Preparation of VAT return and submission to
government Bodies.
2. Handle Input & Output VAT Reconciliation and
adjust it in the VAT Return Report
3. Management of Tax Audit of Federal Tax
Authority
Financial and Operational Audits
1. Approve all daily Financial Transactions with full
of accuracy & integrity with all
the relevant documents.
2. Ensure the Reconciliations & Balance
Confirmations of Banks, Corporate Client,
Sister Concern Companies, Suppliers and
subcontractors
3. Facilitate internal Auditor for required queries,
documents, and reports.
4. Arrange requested documents & reports by
External Auditor to carry out Annual Audited
Reports.
Financial Reporting & Analysis
1. Prepare and evaluate Financial Statements
followed by International
Financial Reporting Standards (IFRS) (Monthly,
Quarterly, Half Yearly, & Annual Reporting) and
as per the management requirements.
2. Monitoring Complex Bank Reconciliation, Daily
Treasury Reports & Consolidated Bank Position
for decision making by analysis expected
receipts and bank payments.
3. Record and Analyse of all the contract cost and
ensure the project cost being charged relevant
Cost Centres.
4. Timely processing of payroll, End of Service
Benefits, and Leave salaries provisions
5. Preparation of various monthly journal entries
6. Responsible for account analysis and
reconciliations for various balance sheet
accounts
The company is among the foremost enterprises of Pakistan. Azam Textile always endeavours to offer superlative quality textile by adopting the most innovative approaches. Azam Textile along with its subsidiaries outshine the entire textile industry.
Account Payable Management
1. Post business transactions, process invoices, verify
financial data for use in maintaining accounts
payable records
2. Provide other clerical support necessary to pay the
obligations of the organization
3. Maintain meticulous records of outstanding
payables
4. Ensure the accuracy of an organization’s financial
documents for payment, auditing and tax purposes
5. Protect businesses against unintentional
overpayment
6. Practice effective monitoring to ensure payments
are made to vendors in a timely manner
7. Reconciling processed work by verifying entries and
comparing system reports to balances
8. Paying employees by verifying expense reports and
preparing pay cheques