Senior General Ledger Accountant / Controller
AL FUTTAIM GROUP (Shared Service Finance)
مجموع سنوات الخبرة :19 years, 0 أشهر
•Constantly monitor and maintain the book of accounts (GL, sub ledger) accurately so as to reflect true and fair view of the company in the performance reports across MENA.
• Scrutinizes and reviews balance sheet reconciliation for review by upper management team.
• Closely monitors, follow ups and close outstanding items in the reconciliation.
• Works with Brand Finance in resolving areas of concerns within the reconciliations and develops corrective action plans, attends to Brands’ queries and provides resolutions as appropriate.
• Reviews month-end checklists, journal entries such as accruals, prepayments, adjusting entries, intercompany charge memos and provides supervision to team members as necessary.
• Conducting P&L analysis (actual vs actual & actual vs budget) and pre-close review of both P&L and balance sheet accounts. Verifies monthly / quarterly VAT filing for UAE & Bahrain and reconcile balances in the general ledger versus the VAT return to ensure that both output and input VAT are filed accordingly as per Country’s local tax regulation.
• Verifies monthly withholding tax filing in Qatar and Oman. • Handles IFRS 16 data validation for MENA and Southeast Asia recorded as per GL.
• Attending to both internal and external auditors.
• Helps Brand Finance to prepare audit schedules, account analysis and draft of audited financial statements.
• Suggests to Management for any process improvements that has to be implemented and to highlight any procedures that is not in accordance with the Company’s accounting policies and procedures.
• Prepares / posts payable vouchers (trade and non-trade) for both cheques and telegraphic transfer payments on a daily basis.
• Prepares the bank reconciliation on a daily basis and monitors bank transactions.
• Monitors the credit card transactions and prepares the necessary adjusting entries.
• Monitors import loans and calculates monthly accrued interest on import loans.
• Prepares / posts month-end journal entries such as: amortization of prepayments (rents, insurance, licenses, etc.), expense accruals / provisions, jobs completed (work in progress), payroll, accrued interest expense on import loans, and bank related transactions.
• Fixed asset creation, disposal and transfer.
• Prepares the computation of sales commission pay out.
• Reviews and supervises the General Ledger reconciliation for all balance sheet accounts prepared by the Accountants on a monthly basis and monitors the status of the outstanding items that need to be cleared.
• Suggests to the management the necessary action plans / process improvements that need to take in order to clear the outstanding items in the reconciliation.
• Conducts weekly cash count for both petty cash and collections with the cashier.
• Prepares the variance analysis for P&L accounts on a monthly basis and explains variances beyond threshold limit.
General Ledger Month-end closing
• Responsible for leading the team for proper coordination of General Ledger month-end closing activities including journal preparation such as revenue and cost accruals, recording of monthly payroll and other related employees benefits, revenue recording and adjustments, amortization of prepayments, intercompany adjustments, recording of bank funds transfer, collections, bank charges and interest, recording of quarterly corporate income tax provision, provision for bad debts and other provisions, and other necessary adjusting / reclassification entries, for both US GAAP purposes and Country’s local statutory requirements as well to ensure that accounting transactions are properly recorded, supported and reported.
• Responsible for the monthly Pre-close review, Trial Balance checking, and prepares Pre-close adjustment journals during month-end closing and ensures that necessary corrections/adjustments has been posted accordingly.
• Coordinates and processes charge memos for inter-company related transactions.
• Preparation of Fixed Assets addition/retirement template for uploading to Oracle Fixed Assets Register.
• Reviews revenue and cost accruals and coordinates with Country any significant variances found to ensure that accruals provided by Country are correct.
• Reviews month-end closing journals prepared by team members.
• Responsible for the preparation of monthly variance analysis (Balance Sheet and P&L) including correlation to operational results, interaction with operational business units and explains variances beyond threshold limit to be submitted to Country and Region as well as preparing other adhoc reports to support the variances.
• Reviews month-end closing checklist and Journal Control log, run required reports to facilitate Country’s closing activities, and provides Countries with the variance reports and ensures compliance/timely submission of month-end closing reports.
Balance Sheet Account Reconciliation
• Responsible for approving balance sheet accounts reconciliation for some accounts and prepares reconciliation for some critical accounts for US and Country’s Local GAAP as well as providing training within the team and new hires to ensure that reconciliation is prepared as per Company’s policies and procedures.
• Works with Countries in resolving areas of concerns within the reconciliations and develops corrective action plans, attends to Countries’ queries and provides resolutions as appropriate.
• Completes monthly balance sheet account reconciliations to ensure high quality compliance with US GAAP and Country’s local GAAP standards.
• Targeting Global Accounting Center Finance Balanced Score Card effectiveness and efficiency by reducing more than 90days “Required Adjustments” item.
Adhoc Responsibilities
• Assists in the transition of GL work from field locations into the Global Accounting Center site.
• Evaluates compliance with US GAAP and Country’s local GAAP methods; applies accounting controls and procedures; anticipates and addresses the impact of new accounting practices; advises others on accounting principles practices.
• Maintains internal control including completing self-audits and adherence to compliance policies as well as to identify exceptions that needs process improvement and corrective action plans.
• Generates reports in appropriate format using basic software; reviews reports to ensure accuracy and completeness.
• Suggests to Management for any process improvements that County has to implement.
• Reviews and updates account profile / required supporting semi-annually.
• Support Compliance, Controls, and Audit and Tax matters.
• Prepares / calculates quarterly and final corporate income tax provision using One Source Tax Provision software.
• Verifies Country’s monthly / quarterly VAT filing and reconcile balances in the general ledger versus the VAT return to ensure that both output and input VAT are filed accordingly as per Country’s local tax regulation.
• Liaises with internal and external auditors to prepare required reports and audit reports.
• Helps Countries to prepare audit schedules, account analysis, draft of audited financial statements / report and related reports necessary for corporate tax filing for both US GAAP and local statutory requirement.
• Suggests to Management for any process improvements that County has to implement for them to improve and to highlight any procedures that is not in accordance with the Company’s accounting policies and procedures.
Assist in cash flow management
Collection forecast and monitoring of collection process through telephone calls/email customers including external meetings.
Coordinates with Billing Department to ensure invoices and payments are entered in Oracle System.
• Generates bank statements, updates cash book and preparation of bank reconciliation on a daily basis as well as posting of receipt entries in the Oracle.
• Provides support to the credit team for overseas collection.
• Generates SOA and send to customer through email on a monthly basis.
• Reconciliation of any dispute or error in payment advice with respective account per collector list.
• Preparation of cash flow statement.
• Responsible for doing the foreign currency fund conversion in a weekly basis.
• Ensures accuracy, completeness and timely closing of AR and GL.
• Prepares bank transfer letters and taking the approval of bank signatories.
• Responsible for monitoring of various company bank loans, such as short-term and long-term loans, AR financing/Loan against Exports, etc, as well as monitoring of the amortization and interest of each loan.
• Prepares monthly debtors ageing for management reporting that should be in accordance with the agreed KPI and updates status of overdue.
• Responsible for preparation of Treasury related analysis, report and review.
• Evaluates bank services and fees, monitors bank performance and recommends appropriate action.
• Proactively monitor cash management processes, identifying non-standard activity, exceptions or non-compliance to banking and treasury policies, and escalating to management.
• Preparation of audit schedules and files.
Verifies Company’s financial records, bookkeeping and accounting methods by analyzing its books and records and knowing their internal control procedures.
• Responsible for checking and verifying balance sheet and profit and loss accounts and assure that it is correctly stated in compliance with International Accounting Standards (opening balances, sales, purchases, stocks, cash and bank accounts, fixed assets additions, write-off/disposals, trade receivables, advances, deposits, prepayments, due to banks, trade payables, accruals and provisions, loans and finance lease liabilities, own funds, and GL expense accounts scrutiny).
• Preparation of cash and bank reconciliation, debtors ageing, gratuity, leave and air passage calculation, stock reconciliation and necessary provisions for stocks, debtors, accruals, and prepayments.
• Preparation of journal entries, adjusting entries and closing entries.
• Preparation of final balance sheet, profit and loss, statement of equity, cash flow statement and other necessary schedules supporting the financial statements.
• Responsible for the preparation of manuscript, from the first stage of typing the audit report up to the preparation of the final sets of the financial statements submitted to the clients.
• Proofreading and comparison of financial statements with the final trial balance and with the standard audit report before submitting for approval, ensuring that the proper accounting policy notes are disclosed and figures are matching.
• Responsible for annual stock checking and verification.
• Full set of accounts (General Accounting, Accounts Receivables and Payables).
• General ledger maintenance.
• Preparing journal/adjusting entries and posts to Pentagon software.
• Preparing trial balance, month-end financial statements and cash flow statements.
• Preparing monthly and quarterly tax remittances.
• Preparing monthly bank reconciliation.
• Maintain accurate and comprehensive records of each day’s transactions.
• Assists auditors during the audit and prepares audit schedules needed by Auditors.
• Manage all aspects of Accounts Receivable.
• Accurate posting and classification of the daily receivable transactions and preparing deposit slips.
• Assure timely collection of monies due to the company.
• Collected A/R through collection calls and correspondence.
• Full Cycle Collections - 30/60/90/120 on aging report and update daily & weekly debtors ageing report.
• Responsible in checking all documents forwarded to us by Export Operations and make sure that all are properly documented and were cut in accordance with the information indicated in the Customer Service Record.
• Responsible in ensuring that all necessary charges that must be billed to customers are accurate and instructions for billing indicated in the Customer Service Record were billed accordingly.
• Responsible in attending all customers’ and agent’s queries regarding billing statements.
• Responsible in preparing debit memos and credit memos for any adjustments to be made for all amended transactions and necessary journal entries for all adjustments.
• Responsible in monitoring all necessary journal entries to be made in recognizing income and any cost incurred as well as the journal entries in recognizing vat-zero rated amount and vat-exempt for reimbursement charges and our charges.
• Responsible in the preparation of billings for all inter-company charges.
• AVIATION PARTNERSHIP (PHILS.) CORPORATION. - A Joint Venture between Singapore Airlines Engineering Company and Cebu Pacific (Repairs & Maintenance of Cebu Pacific Airline’s Aircraft)
Domestic Road, Paranaque City, Philippines
Finance Officer
Job Description:
• Full set of accounts (General Accounting, Accounts Receivables and Payables).
• General ledger maintenance.
• Preparing journal/adjusting entries and posts to SAP software.
• Identify daily activity in bank accounts and reconcile bank accounts.
• Tracks and maintains Fixed Asset ledger.
• Prepares schedules for reporting of Fixed Assets and associated depreciation schedules.
• Preparing trial balance, month-end financial statements and cash flow statements.
• Preparing account analysis for inter-companies as well as reconciliation.
• Preparing monthly bank reconciliation.
• Prepares all the reports for year-end audits (Balance sheet, Income Statement, Cash Flow Statement, Equity, Retained Earnings and other reports required by the Auditor).
• UNIVERSAL ROBINA CORPORATION (Food Manufacturing)
Bagong Ilog, Pasig City, Philippines
Accounts Payable Analyst/Accounting Assistant
Job Description:
• Preparing payable vouchers for trade and non-trade transactions (local & foreign accounts).
• Responsible in monitoring proper documentation necessary for payment processing and ensures that internal control procedures of the Company are strictly followed.
• Preparing various management reports related to payment processing.
• Responsible in monitoring overdue accounts and resolving accounts with problems.
• Responsible in updating suppliers regarding the status of their statement of accounts.
• Responsible in monitoring actual operating expenditures.
• Preparing monthly bank reconciliation.
• Preparing aging of accounts payable.
• Budget monitoring.
Bachelor of Science in Accountancy