Regional Accountant (MEA & APAC Region)
Emirates Link Stratum Reservoir LLC
مجموع سنوات الخبرة :24 years, 6 أشهر
Handles vendor invoice management processes
Vouches and posts vendor invoices (PO and Non-PO) in MSD system
Processes vendor payments and other disbursements through electronic fund transfers
Posts vendor payments and other expenses, ensures correct allocation in the system
Arranges monthly payroll funding and manages own account and inter-group fund transfers
Records employees’ monthly payroll, benefits, and accruals
Assists in preparation of tax reports and facilitates payments of Government Taxes in
UAE, India, Pakistan, Thailand, Iraq, Australia, Saudi Arabia, and Oman
Participates in the weekly Cash Flow Forecasts, responsible for the cash outflow section
Involves in the month-end close process and partakes in the monthly P&L review
Deals with all banking transactions and maintains records of bank accounts information
Performs reconciliation of trade payables and ensures agreement of balances, identifies
non-trade payables, and monitors advances to vendors and employees
Accomplishments
• Initiated business partnerships and collaborations with the technical and production teams of the newly opened division to have the knowledge of the business and the operations.
• Created a standard reporting system for fabrication for inventory and cost control
• Recommended a system of payment run that resulted in an efficient and accurate recording of payables, organized release of payments, and good relationship with suppliers.
• Improved policies and procedures related to financial and non-financial transactions in the Logistic Division, hence, correct revenue reports, valid divisional expenses, and an organized team.
• Resolved several long-time invoice discrepancies and issues and was able to collect the payment
Fabrication Division
• Confirms accuracy of quantity of fabricated steel and prepares sales tax invoice
• Reviews and analyzes revenues and costs per project or job order
• Rigorously monitors raw material purchases, consumables, and third-party services
• Oversees raw materials inventory, maintain the general ledger, and determine cause of variances and inconsistencies
Logistic Division
• Prepares Profit and Loss Statement and Analysis of Revenues and Expenses
• Oversees the overall accounting functions such as systematic recording of data, storing, analyzing, summarizing, and reporting of financial transactions
• Maintains effective accounting controls, recommends policies and procedures as needed
• Handles employee concerns of logistic staffs and trailer drivers, maintains records, and participates in conducting compensation analysis
Payable and Disbursement Department
• Verifies correctness of payment request and prepares cheques and bank payment voucher
• Ensures proper communication of suppliers’ payment status to concerned parties
• Attends to suppliers’ inquiries about discrepancies, missing invoices, and unpaid dues
Credit and Collection Department
• Conducts credit investigation check for prospective clients applying for credit facility
• Reconciles statement of accounts with clients and performs analysis of discrepancies
• Looks for effective solutions and right contact persons when a client has long-standing overdue accounts
• Maintained monthly bank reconciliations, analyze unrecorded debit and credit memos and prepared related journal entries
• Verified accuracy and validity of foreign purchases through confirmation of material requisitions, purchase orders, and authorized signatories
• Monitored foreign payables and conduct monthly reconciliation of accounts
• Recorded purchases of garment accessories and factory supplies
• Prepared monthly purchase report, usages, and conducted variance analysis
• Accomplishment: Conducted bank reconciliation covering a three-year period and was able to clean the books
• Validated correctness and accuracy of payment requests before processing
• Checked and certified refund requests of guests and clients
• Checked and verified bills/invoices of concessionaires against revenue records
• Conducted periodic/spot audit on the following:
1. Petty cash fund
2. Daily cash collections and reconciled against recorded revenue
3. Advances from Buyers, Guests and Clients
4. Guest folios, POS bills and complimentary certificates
• Prepares monthly Audited Revenue and Collection Report
• Consolidate audit findings and make recommendations of effective internal controls
• Verified, checked, and posted contractors billings, purchases, and operational expenses
• Validated dues and prepared payments to suppliers, service-providers, and contractors
• Kept records of outsourced manpower, handled payroll preparation, and took charge on designation of work
• Processed compliance to government rules such as withholding taxes
• Handled collections from receivables and other sources
• Monitored employees advances and liquidation and reimbursements of expenses
• Handled bank transactions such as deposits, bank transfers, and online payments
• Conducted monthly bank reconciliation
• Monitored and analyzed accounts payable and receivables, called clients for collections
• Prepared compliance to statutory government requirement such as taxes
• Prepared the monthly Profit and Loss Statement and analysis
• Conducted inventory of merchandise and fixed assets; created a system of inventory taking
• Developed a job order costing for each interior design project to use for quotations
• Calculated sales commissions of interior designers and accounts managers
• Prepared the payroll every mid and end of the month
• Checked and approved delivery notes, sales invoices, and vouchers for payments
• Excess and no purchase order deliveries eliminated, else, price negotiation took place
• Validated deliveries received against purchase orders
• Studied price movements of raw materials in the market
• Dealt with customers on product queries, complains, and concerns with care and service
• Took charge concerns when Purchasing Manager is on leave or on official business
• Scouted possible suppliers, negotiated, and purchased electrical tools, equipment, machine parts accessories, repairs and services for the Maintenance and company service vehicles
• Prepared invoices, collected payments, received orders, prepared sales reports and expenses, and visited clients periodically
• No cash shortage nor cash overage on daily cash report
• Arranged deposits of cash collections the same day or the next morning at the latest
• Monitored cash advances, liquidations, and validated reimbursements of expenses
• Promoted as an Audit Staff
• Conducted monthly audit inventory and accounts receivables in HO and in all its branches
• Monitored intercompany transfer of products from Head Office to branches and vice versa
• Implemented effective controls on intercompany transfers and receipt of inventories
Bachelor of Science in Accountancy