Accountant / Senior Accountant
OBS GROUP
مجموع سنوات الخبرة :5 years, 7 أشهر
A. OBS GROUP (Dubai -UAE)
April 2011to May 2012
Position: Senior Accountant.
Accounting System used:Quickbooks
1. Monthly closing of accounts
2. Involved in budget preparation with other divisions
3. Overseeing the daily accounting processes.
4. Analyze financial information to recommend or develop efficient use of resources and procedures.
5. Provide strategic recommendations and maintain solutions to business and financial problems
6. Streamline the chart of accounts as per IFRS.
7. Establish and monitor the implementation and maintenance of accounting control procedures
8. Responsible for the preparation and reconciliation of monthly financial statements and sister company reconciliations.
9. Contract verification with suppliers and customers, screening of all clauses of agreement
B. UK CAPITAL INVESTMENTS GROUP (British Company) (DUBAI-U.A.E)
SEPTEMBER 2008 TO DECEMBER 2010
Position: Credit Control Manager
Accounting System used:QuickBooks
1. Setting up and implementing a thorough system of reconciliation of accounts receivables’ balances with statements of accounts from customers, and subsidiary ledgers to the general ledger control account.
2. Ensuring customer queries are answered promptly by setting targets, deadlines and weekly performance review, in order to ensure complete customer satisfaction, so payments can be made on time.
3. Preparing of Weekly Aging Report & Commentary for management review.
4. Identify and analyze relevant data to develop hypotheses of potential areas for improvement and quantify the estimated potential cash impact of the performance improvements.
5. Ensuring timely delivery / email of invoices to customers, taking overall responsibility for completeness of accounts receivables in the balance sheet.
6. Closely monitoring KPIs of accounts receivables and identify customers with potential recovery issues.
7. Handling accounts up to finalization stage and coordinated with auditors during year end for the division.
8. Develop job descriptions and standards of performance. Prepare annual performance appraisals and give effective coaching and counseling to employees in credit control department.
Major Achievements in my current company
1. I have managed to increase collections from 10% to 80% for one of our projects.
2. Identifying opportunities in this economic crisis, to improve on the cash flow forecast.
3. Formulated a strategy to reconcile customer accounts which successfully managed to reduce the unidentified accounts from 20 million to 2.4 million.
4. Conduct training to the customer service, sales and administrative departments on maintaining a suitable relationship between the company and its clients, training the sales and administrative team on credit policies, collections so as to reduce the aged debtors
5. Developed different collection strategies and action plans as per the requirements that best suited the various projects and ensured that they are carried out.
6. Encourage team work and collective thinking.
7. Designed a follow up procedure for the collection of old debtors
JULY 2006 TO JULY 2008
Accounting System used:Orion
Lootah Group-Real Estate Division
Position: Accountant for Real Estate Division.
1. Reconciliations.
• Bank reconciliations
• Monthly reconciliations and intercompany accounts finalization.
2. Checking and posting of the prepayments, accruals and provisions.
3. Performance of audit check on expense claims.
4. Maintain fixed assets physical existing and performing the accounting process to maintain its value, by calculating proper deprecation, additions or disposals.
5. Handling of petty cash.
6. Receive, check all the invoices, claims and arrange the settlement.
7. Preparation of swift payments.
8. Prepare and check monthly payroll, gratuity, leave pay etc.
9. Overseeing all the transactional accounting from inputting to reporting.
10. Handling accounts up to finalization stage and coordinated with external auditors.
11. Ensuring adherence to accounting standards and related policies and procedures
12. Preparation of financial reports.
13. Control the operation of the company’s complex accounting software system so that transactions are recorded correctly and system processes are run properly
Lootah Investment and Lootah Building and Construction Division-DUBAI
Position: Accountant
1. Managing income and expenditure, sales and payroll.
2. Coordinate the account payable function of the division,
• Evaluating quotations from suppliers and quoting the best price
• Ensure the correct preparation, matching and approving documents and vouchers(LPO, MRN, Delivery notes)as per companies regulations and procedures, receive supplier invoices covering approval
• Ensuring processing of invoices and payments are made on time as per the credit period.
3. Produce weekly, monthly, and quarterly management reports to senior management.
Chairman Personal Accountant
Handling Personal Affairs of the Chairman.
Greatest Achievement:
1. Managed to reduce back log of supplier liabilities and payments being made on time as well as creating good relationship with the suppliers by making their payments on time.
2. Negotiated with our suppliers to increase the credit period so as improve on the cash flow.
done through online