Chief Accountant
Fuji Saudia Arabia for Elevators and Escalators Co.Ltd.
Total years of experience :17 years, 0 Months
-lead and ensure an accurate and timely monthly, quarterly and year-end close process, including preparation of information required by the parent company and its auditors
-Review of payables for accuracy and proper authorization, as well as compliance with other company policies and procedures
-Prepare cash and expenditure forecasts used in weekly check runs
-Analysis of general ledger accounts, reconciliation of sub-ledgers to the general ledger, and proper and timely resolution of reconciling items
-Review and monitor accounting activity to ensure the effectiveness and proper functioning of the system of internal controls and the accuracy of financial information
-Aware of the percentage of completion accounting
-Prepare and provide all reports to the External auditor, Zakat advisor, and contractor classification Dep
-Analyze financial data and assist in the preparation of financial statements, budgets, and supporting schedules
-Assist in the development and implementation of new procedures and features to enhance the workflow of the department and evaluate their effectiveness and compliance
-Participates in the financial planning and organization of the company
-Assist in the schedule compilation for the annual Zakat & monthly (VAT) tax returns
-Provides information and consultation to CFO, and top management of the company
-Collaboration with various internal departments to support overall department and company goals and objectives
-Responsible for the day-to-day operations of the billing and collections department
-Create and share credit and collection related reports to CEO.
-Reviewing Aging Report for all Clients with Top Management on weekly basis
-Monitor workflow of staff to ensure collection of all past due balances are aggressively pursued while maintaining positive relationships with customers
Minimizing the bad debt to lowest levels
-Interface with the Sales Dept and Accounts Management Dept to ensure effectiveness of credit and collection processes, concerns, and issues
-Lead, manage, monitor, and train billing team to ensure Creating the sales orders by the right way and solve with them any issues with ERP system
-Assist customers in resolving questions, issues, and disputes
-Participating in working on special projects and continuous improvement initiatives
-Administer the periodic Aging Analysis updated by the AR teams to facilitate the downsizing of aging and reduction in stale balances.
-Oversees the routine and periodic tasks of AR team such as Invoicing, preparation of commissions, issuance of CMs.
-Negotiate and settle non-payment disputes with clients efficiently
. Prepare Consolidated Financial Statements
. Reporting Dierectly to CFO
. Prepare Original Budget
. Prepare Rolling Budget
. Prepare Variance analysis between actual and budget
. Prepare Monthly reports for top management needs
. Prepare Feasibility Studies for new projects.
. Review Costing department Reports
. Review and analyze GL accounts.
. Ensure that internal controls Procedures are Follwed
• Effectively managing the accounting
Department, taking overall responsibility for the day to day oversight of accounting
• Leading a team of staff responsible for the management of accounts includes supervising the debt collection, discount, credit term with customer and suppliers
• Revenues recognitions
• Supervise the Invoicing, credit control, purchase ledger, sales ledger, accounts payables, accounts receivables, etc
• Produce weekly, monthly and quarterly management reports to senior management
• In conjunction with line management, prepare annual budget, forecast, and capital expenditure budget
Manage the reconciliations of all cash book balances with bank statements on a weekly basis, managing and monitoring retail units petty cash and journal entry.
• In conjunction with insurance companies
• All bank documentary work for the commercial purpose.
Financial analysis of company financial position (balance sheet, profit and loss, cash flow statements)
• Aware of IFRS and regulations of preparing the financial statements.
• Financial control of company transactions and expenses.
Commercial negotiations with suppliers
Preparation of formal monthly management reports
• Debtors follow up and coordination with suppliers/creditors.
Liaison with Commercial Managers for allocation of expenses to jobs
Liaison with auditors & preparation of year end schedules for audit
Stock control and inventory management
Central procurement for company
Project procurement in conjunction with Commercial and project Managers
Maintain and update preferred vendor list
• Any other reasonable duties as requested by management
- Preparing BOD Reports (Daily, weekly, montghly, quartely & Yearly)
- Check net and gross profit for current and last periods to identify risks of reducing profit or going to loss
- Calculate Financial Ratios and compare results with the industry standard
- Playing the role of the internal auditor.
- Aging Reports.
- Provision Reports.
- Participating in preparing BP (Business Plan).
- Act the role of Coordinator in BP project.
- All reports in a figures of comparison (Previous & Current Period)
- All reports in a figures of comparison (Actual & Budget Results)
- Variance reports for the final results.
- Participating in preparing balance sheet.
- Analysis of balance sheet accounts (attached with balance sheet).
- Provide external auditor Requirements.
1. Prepare Cash Projection for the Quarters of Financial Year.
2. Prepare Balance Sheet, Income Statement, Cash Flow
3. Prepare Treasury Accounts and feed back it to Chief Accountant.
4. Follow up the Cost Reduction Program
5. Support the Head Office in Egypt for Trial Balance and Reporting Pakage.
6. Coordinate with the ERP Team in Egypt and the Finance Team in Saudia-Arabia for any Problems in Oracle System.
7. Make sure to reconcile all the client accounts on a monthly basis and obtain the confirmation
8. Coordinate with the sales team and the Finance Team to complete the budget, forecast, and business plan exercises as per the agreed assumptions and deadlines.
9.Supervising the accounting function for accounts payables, accounts receivables, fixed assets, inventory costing, nominal ledger journals, clearing accounts and bank reconciliation
10. Responsible for completing the accounting cycle for residential properties sales including recognition of sales revenue, cost of sale, and the various elements of sales expenses in accordance with IAS, Group Policies,
11. Coordinate with the collection team and accounting team to smoothly run the business
12. Visit the clients for any issues, when needed Like NSN, Samsung, Ericson, ZTE, Huawei
13. Ensure month end closing activities are complete within the agreed timelines with regards to sales revenue, cost of sale, sales expense.
14. Carrying out the month end reconciliation of all clearing accounts..
15.Provide accrual and adjustments with a view of monthly closing of accounting books
16.AGING ANALYSIS: Review the aging analysis of all companies and advise payment on maturity.
17. Review and Verification of physical sales documents including but not limited to Sales Approval Forms, Reservation Agreements, Sales and Purchase Agreements, Statements of Accounts. Ensure that Price and Cost data are updated with the latest information.
• General accounting tasks such as bank reconciliation, entries/vouchers, bookkeeping and invoice management.
• Produce analysis reports for financial position, sales statistics and stock analysis.
• Coordinate with logistics, warehousing and order management for material processing and payment settlement.
• Manage Main Cash and Salary Slips.
• Show strong a grasp of the knowledge base required of cost accounting.
•Ensuring financial records are maintained in compliance with best practices and procedures.
•Compile, review and record financial information to the general ledger
•Prepare balance sheet and profit and loss statements and other accounting schedules and reports.
•Accounts Receivable
•Accounts Payable
•Responsible for processing of payroll and employee benefits
•Responsible for bank and credit card reconciliations.
•Applying a working knowledge of applicable laws and regulations
1. Responsible for knowing critical functions within the department and capable of mentoring and assisting employees within the department.
2. Utilize teamwork to develop departmental synergy.
3. Reviews, investigates, and corrects errors and inconsistencies in accounts entries, documents, and reports.
4. Reviews accounts payables and receivables.
5. Determines proper handling of accounts transactions and approves transactions within designated limits.
6. Compiles and analyzes financial information to prepare entries to general ledger accounts, cost centers and documents business transactions.
7. Responsible for distributing financial statements and cost center reports.
8. Prepares work papers and supporting schedules for the annual financial review.
9. Distributes monthly comparison reports and cost center reports according to schedules.
10. Prepares financial statements and other reports to summarize and interpret current and projected company financial position.
11. Closely maintains and monitors the fixed assets system.
12. Adheres to internal and external deadlines.
13. Assist with annual budgets - prepares all allocations;
14. Coordinate monthly closing process and reconciliation of general ledger accounts.
15. Responsible for all taxes obligations.
16. Support the Company’s mission, vision, values and goals in the performance of daily
- Applying principles of accounting and prepare all financial reports.
- Preparing entries to accounts as general ledgers accounts, business transactions.
- Detailing assets, liabilities, and capital, and prepares balance sheet, profit and loss statement, and other reports to summarize current financial position.
- Preparing all relevant reports of inventory and related data.
- Reviewing, developing, analyzing, and modifying specific accounting procedures to ensure efficiency and accuracy.
- Updating a complete set of cost accounting records, preparing and submiting monthly analysis of expenditures and revenues.
- Preparing weekly/monthly reports.
Enter and post cash collection batches.
Enter and post credit notes batches.
Prepare / generate reports of Accounts receivables from the system.
Maintenance of receipts and credit notes control system.
Printing of monthly statement of accounts of customers from the system.
Good
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