Senior Accountant
Al Ahli Group
Total years of experience :13 years, 1 Months
Management Reports & Analysis:
Evaluating monthly, quarterly reconciliations of debtors, creditors and assisting in preparing financial statements to ensure accuracy and compliance with established accounting standards (IFRS, IAS) and SOP.
Prepared monthly & quarterly financial statements and ad-hoc financial reports by compiling and analyzing financial information.
Consolidating and preparing of MIS reports to providing feedback to top management on financial accounts monthly, quarterly and yearly.
Accurate monitoring of bank and petty cash receipts/payments entries and performing reconciliations on daily basis.
Cooperation with other group departments to collect information as per required format and proof of accounting data support.
Receivables Accounting:
Meet account receivable financial standards by providing annual account receivable budget information, monitoring expenditures, identifying variances, implementing corrective actions.
Collect accounts by contacting customers referred by clerks, investigating circumstances of non-payment, negotiating and resolving conflicts, expediting payment.
Support financial planning by forecasting cash flow.
Updates receivables by coordinating and monitoring daily sales order processing and bank remittance transactions
Coordination as necessary with Accounts Receivable collector to ensure smooth receivables function
Costing & Budgeting:
Prepare annual budgets and coordinate with department heads for timely and accurate completion of department budgets. Compile annual budget estimates submitted by departments
Budgeting and forecasting with periodical controls, variance analysis, and management reporting and ensuring compliance
Year-end reports for Audit Purpose:
Finalization of Accounts and preparation of Financial statements for Audit & Management
Preparation of Audit Schedules and catering to all audit requirements
Check & Balance for all internal control measures
Monitoring and reporting credit card and cash reconciliation with a turnover of around 8 million monthly and alliance with POS machines.
Evaluating monthly, quarterly reconciliations of debtors, creditors and assisting in preparing balance sheet accounts to ensure accuracy and compliance with established accounting standards (IFRS, IAS) and SOP.
To identify cost-saving/wastage reduction opportunities and assist functional heads by providing them with appropriate financial information and analysis.
Advice team members of discrepancies in matching for corrective action
Providing key support in the delivery of the year end audited financial statements, and audit deliverable.
Dealing with overseas suppliers making sure that goods arrives on time, recognizing GRN in system, monitor inventory counts, negotiating vendor terms and resolving Disputes
Preparation of Cash reports, monthly actual, sales analysis, forecasts on a monthly basis for submission to management.
Accurate monitoring of Bank and Petty Cash Receipts/Payments entries and Performing Reconciliations on daily basis, monthly for about 12 major banks.
Assisting External Auditor on providing relevant Evidences and proofs.
Prepare budget and financial forecast .
Assist with month end and in yearly closing of book of accounts.
Assisting senior in preparing different kind of MIS .
Completes accounts receivable period end closing functions and procedures; credit and period end reporting
• Accurate Processing of Bank and Petty Cash Receipts/Payments and Performing Reconciliations
• Thoroughly work on IAS, IFRS specifics are (IAS 11, IAS2, IAS18, IAS36, and IAS 16) and apply them evenly as per requirement.
• Preparing debtors & creditor reconciliations
• Planning & Advising for managing Monthly prepayments and EMI schedules
• Coordinating & maintaining PR with banks and suppliers.
• Preparation of monthly and quarterly Finalization journals, (prepayment, accruals, fixed assets)
• Raising, recording and posting of Sales purchase invoices, credit notes, statements and allocation of receipts against customer’s accounts using Oracle ERP and Excel spread sheets.
• Prepare the company Accounts Receivable ledger and reconcile the Debtors Control Accounts.
• Prepare account analysis, accounting entries and financial reports and statements to ensure payroll information is accurately and properly reflected in the company financial accounting system in a timely manner.
• Calculate wages, overtime, and deductions to ensure compliance with company guidelines/ procedures.
• Collect and analyze data to detect controls weaknesses, duplication of work or non compliance with law and regulations and management policies
• Prepare detailed report on audit findings
• Report to management about asset utilization and internal controls, and recommend changes in operations and financial activities
• Review data about material assets, liabilities, income, and expenditures.
• Inspect cash on hand, notes receivables, and payables, negotiable securities, and cancelled checks to confirm records are accurate
• Prepare, examine or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness and conformance to reporting and procedural standards
• Establish chart of accounts and assign entries to relevant accounts
Develop, implement, modify, and document record keeping and accounting system by efficient use of Spreadsheets and ERP Systems
BS (APPLIED ACCOUNTING)
June 2012 A.C.C.A. ( final paper attempted p6, p7) Center of Financial Excellence