Senior accountant
AlBina Al Markazy
Total years of experience :10 years, 10 Months
Al-Bina Al-Markazy logo
Senior AccountantSenior Accountant
Al-Bina Al-Markazy · Full-timeAl-Bina Al-Markazy · Full-time
Feb 2022 - Present · 7 mosFeb 2022 - Present · 7 mos
Baghdad, IraqBaghdad, Iraq
Key responsibilities includes:
• Focal person for implementation of SAP B1 ERP at the group companies in coordination with SAP consultant.
• Support Chief Accountant in developing basic reports (i.e.: profit or loss statements, balance sheets, depreciation statements, cash flow, debtor and creditor lists, repayment schedules, etc.).
• Assist with month-end balance sheet & stock reconciliations.
• Collect, compile, and record financial and statistical data in the preparation of the monthly financial statements.
• Support chief accountant in procedural documents, internal audit support, policy implementation, and standards compliance.
• Reconciling, analyzing and reviewing all accounts and proactively resolving all issues to achieve efficient and accurate month-end close.
• Ensure accurate and timely monthly, quarterly and year end close
Preparing accounts for American clients for off shore from Pakistan.
Reporting to CPA partner over daily transactions recording sales purchases, and making payments as approved by clients. Reconciling banks, ATM cards, AR and payables as well.
Supervising and guiding finance team getting the assigned tasks done and reporting to partner directly.
Preparing monthly financials.
Tracking profit or loss and identifying the reasons if there is any deviations.
Controlling cost as well.
Coordinating and developing internal auditing processes
Preparing analysis for departments
Conducting investigations on irregularities and errors
Verifying Costs of Shipments from China to USA, total costs of shipments, delivery costs and the total purchase cost as per approved by SEO of the company Reporting to Senior Manager regarding profit or loss for sales via Amazon.
Serving as lead point of contact for all customers and vendors.
Leading team of 15 subordinates placed at different locations.
Monitoring routine tasks and preparing management reports over cost and comparison of budgets and variance reporting reasons for the variance.
Developed internal audit department and designed procedures for internal control.
Getting reporting over the established procedures regarding inventory, cash collections on daily basis.
Finance ManagerFinance Manager
HN Private Limited · Full-timeHN Private Limited · Full-time
Feb 2019 - Feb 2021 · 2 yrs 1 moFeb 2019 - Feb 2021 · 2 yrs 1 mo
Manager Finance
HN Pvt. Ltd is one the subsidiaries of the SIND Dairy Feeds which is mainly engaged in Poultry products like Chicken meat (Fresh, frozen and ready to cook products & Eggs).It’s Major supplier of Eggs within Karachi and rest parts of Sind Province and has brought different egg categories like Omega, Vitamin D, Classic And Others.
Since my joining, along with the daily routine tasks, my responsibility includes:
APPIE FARMS.
• Preparing budgets, discussing with the Company’s CEO to get it approved and devising plans to implement and monitor targets and stick to those.
• Reporting on actual cost, variation if any from the budgets and finding out reasons for variation.
• Discuss latter with the company’s CEO for actual cost for the period and the budget. Compare It with the industry trends
• Performing internal audits devising audit plan for shops, retail and wholesale segments separately and appoint team on regular basis. Ensure closing stocks matching software and identify any changes.
• Managing stocks meat (fresh and frozen) at shops along with the quality and identify stocks near expiry and check SOPs to be followed for sale of suck stock.
• Managing eggs stock at farm dealing with approx. 500, 000 eggs on daily basis and stock at store for retail eggs sale.
• Check stocks are categorized as per weight and nature like Omega, Vitamin D, Double Yolk.
• Preparing management accounts accurately and identifying any changes and finding reasons for those changes.
• Developing cash flow statements
• Correspondence with customers & Vendors for timely collections and payments and Banks.
• Reporting on projected profits segment wise and item wise
• Ensure accurate & timely monthly, quarterly & yearly closing accounts
• Supervising and providing data to consultants for e-filing of FBR, SECP & its notices
• Supervision of preparation of payroll and review of accuracy of tax calculation withheld and tax paid.
Skills: Financial Planning · Investments · Process
Preparing management reports (monthly accounts) and other reports on management demand
Review, Investigate and correct errors and inconsistencies in financial entries, documents and reports
Perform Business Reengineering Process (BRP) of entire receipts aligned with Collection schedules.
Drafted SOPs, organogram and JDs of employees involved in sales cycle aligned with internal audit.
Testing controls of financial software and suggesting improvements if any
Involved in meeting with Customers regarding their payment schedules and leniency granted where possible.
Preparing cost of the Project step wise based of BOQs, making budgets and Forecasting cash flows and making payments accordingly.
Planning, coordinating, executing and documenting audit work
Preparing client deliverable (I've prepared financial statements, internal control reports and kept books of accounts)
Preparing and reviewing budgets, comparison against performance, profit and cash flow forecasts.
Assessing adequacy of accounting systems
Gathering and evaluating audit evidence
Evaluating and testing internal controls
Reviewing financial statements
Supervising portfolio of Audit clients, which includes, planning, supervision and finalization of statutory audits in compliance with local laws and regulations, Audit Process Tool (APT), International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA).
Extensive exposure of practical application of International Financial Reporting Standards (IFRS) and International Auditing Standards (ISA).
Reviewing the working papers of the audit staff and further review by the engagement partner.
Extensive application of the International Financial Reporting Standards (IFRS’s) and reviewing financial statements to ensure compliance therewith.
Establishing good professional relationship with the client’s management and assisting them to resolve technical issues relating to specific accounting treatments.
Communicating with clients at onshore America from Pakistan through skype. Reporting on daily basis including managing funds, cashflows, AP and AR reports. Daily collection report and confirming balances appear in ledger as well, bank reconciliations on daily basis and fortnight as well.
Recording daily transactions and managing payment to parties as per clients directions via online .
Reporting to Managers here as well at offshore in Pakistan.
Performing quality control analysis of all facets of the Business Process Outsource function.
Ensuring that all transactions are conducted in accordance with company's policies and procedures.
Identifying the deviations/errors/omissions of Finance & Accounts department on daily basis.
Preparing monthly management reports
Guide clients in managing their businesses by providing them detailed transaction wise and periodic business analysis,
Analyzing and continuously advising for process improvements.
Communicating and collaborating with other areas in the company to resolve discrepancies.
I was appointed as junior audit associate as per rules of Institute of chartered accountants of Pakistan for 4 years articles.Initially I had to report over vouching and checking out bills and then finally I was asked to report directly to partners over financial statements.Communicating issues and suggesting solutions over those issues to partners as well as clients.
I was involved in planning and execution of audit of the clients.
I was teacher at Mamba Baby Care school of English to different classes.
I am CA intermediate from Institute of Chartered accountants of Pakistant (ICAP) and pursuing ACCA as well passed 7 papers out of 13 papers. I have completed bachelors degree in Public administration.
Bachelor Degree for Public Administration and accounting