Senior Accountant
University Hospital Sharjah
Total years of experience :15 years, 5 Months
• Responsible in producing the monthly and annual financial statements such as balance sheet, profit & loss statement, and cash flow statement in accordance with accepted accounting standards and compliance to company and regulatory requirements
• Managing the team for an effective and efficient month-end and annual closing process
• Prepares and reviews with the Finance Manager the comprehensive management report to be presented to the Senior Executive Management
• Conducts thorough review of journal vouchers and general ledger to ensure posting accuracy in finance books
• Ensure presence of adequate internal control procedures for financial accounting and compliance with the established policies and procedures
• Actively participates in the preparation of the annual budget and constantly monitors the company’s performance through various variance analysis reports. Provides inputs for analysis of various performance indicators
• Liaise with government auditors and external auditors to satisfy their requirements and to meet reporting deadlines
• Coordinating with Government of Sharjah - Finance Department and University of Sharjah to reconcile intercompany transactions
• Prepare daily performance reports to the Chairman’s office
• Manage and schedule the daily cash outflow of the company
• Maintain and file the company’s VAT return
Role:
• Responsible in closing the monthly book of accounts and producing the monthly and annual financial statements such as balance sheet, profit & loss statement, and cash flow statement in accordance with accepted accounting standards and compliance to company and regulatory requirements
• Ensures all month-end journal entries such as accruals and amortization are recorded timely and accurately
• Produce monthly schedule of accounts to support financial reports for audit purposes
• Prepare monthly bank reconciliation
• Review and reconcile Main Cashier’s daily bank deposits against cash collected by the cashiers.
• Review daily bank credits of credit card transactions against actual collections made by the cashier.
• Monitoring capital purchases in comparison with the capital budget and regularly update management about the status. Managing and maintaining company’s fixed assets records in ERP System (RAMCO) and process depreciation in the system based on approved useful life.
• Actively coordinates with various departments until the completion of the annual stock count. Produce a detailed report of the stock count results.
Other temporary functions handled:
• Main Cashiering function:
− Daily cash collection from the cashiers in different departments and reconcile with cash register in the system. Maintain cash collection and bank deposit reconciliation reports
− Managing and maintaining the petty cash of the hospital. Manage change fund for the cashiers
• Accounts Payable function:
− Review all appropriate documentation and approval prior to processing of payment
− Review invoices received from the other departments for accuracy, appropriate level of approval, and adherence to established guidelines. Accurately process vendor invoices into ERP accounting system
Highlights:
• Timely and accurate financial reporting to help higher management in their decision-making
• Played a key role in executing the newly purchased ERP accounting software in accordance with accounting standards & company’s requirements
• Designed the financial reports in ERP system based on management expectation
• Proficiently recorded all transactions of the company prior to official commencement of operations and provided initial trial balance of the company’s finance books
Role:
• Developed, maintained and reviewed policies and procedures pertaining to Financial and Management Accounting and ensure adherence to all regulatory requirements. Ensure controls are in place to protect company assets
• Analysed strengths & weaknesses in the system and introduced measures to prevent fraud & loss
• Interacted with:
o Internal Audit Head for discussing direction of audit like objectives, scope, extent of testing and potential information system issues
o Corresponding department heads for discussing audit findings which occurred during fieldwork
• Designed audit program for achieving objectives of audit
• Organized and attended exit conferences with department heads to present findings related to the business area under audit
• Generated draft audit report within agreed timeframe for submission and review of Internal Audit Head
• Handled activities related to updating of program & documentation
• Accountable for revising findings if business management provides justifiable information
Highlights:
• Effectively improved the patient workflow in Emergency Department to ensure controls are in place in billing the patients
Successfully designed a workflow to ensure assets are being disposed of with a maximum profit
Role:
• Documented client’s existing accounting controls and policies, identified accounting and auditing issues, which may affect the audit procedure to be executed
• Performed comprehensive analytical review of financial statement accounts and determined root cause for each significant variance through trend analysis, client inquiry, and corroborating evidence.
• Observed and recorded client’s execution of year-end inventory count, randomly tested samples, and investigated any unusual discrepancies or procedures
• Prepared agenda for meeting, financial statements, corporate income tax returns, and management letter
• Assisted in engagement for agreed-upon procedures in determining client’s net asset valuation
Highlights:
• Successfully submitted client’s financial statements before statutory deadlines
• Fulfilled client requirements related to agreed-upon procedures
