Senior Accounts Payable
Al Fahim Group
مجموع سنوات الخبرة :18 years, 6 أشهر
Preparation of ageing and payment forecast for all foreign and local vendors of Al Fahim Group to
assist treasury function to plan fund requirement for the GROUP.
Perform general accounting functions for the group preparation and posting of general ledger entries,
assisting with GFC in monthly closing process. And posting accounting transaction as necessary
Preparation of monthly, Quarterly and annual standalone & consolidated financials.
GL management including BS schedules, Control Account Reconciliations,
Company’s policies and Procedure manual and other relevant Laws and Regulations.
Co-ordination with Compliance department, Internal and External Auditors.
Preparation and filing of monthly &quarterly UAE VAT Return.
Managing accounts payables team to ensure timely recording of invoices, petty cash expenses from
all BU and accruals for the service and goods received.
Ensuring and coordinating with the team to book and clear all bank reconciliation items for the
completeness of the accounts.
Ensuring compliance with IFRS, GAAP, FTA, UAE Commercial Companies Law, UAE Labour Law,
Financial analysis - MIS/Meeting Pack for monthly/Quarterly shareholders meetings including;
Business Units profitability analysis, Department Cost Analysis, Revenue Analysis, Inventory Analysis,
KPIs analysis.
Monthly Preparation of cash flow forecast for next 3 months, daily management of suppliers’
payments and internal reimbursements
Support Operation and Production teams by meeting on monthly basis for discussion on performance
Process month end closing by preparing 13 stores Gross Margin Calculation files against the budget
Monitor and analysis accounting data and produce financial reports and statements
Establish and enforce proper accounting methods, policies and principles and monitor internal
controls
Managing audit on annual basis
Provide recommendations on required changes to enhance efficiency
Manage supplier payments and ensure they are done on timely manner as per agreement terms
Manage approved budgets and prepare actuals in comparison with budgets and highlight deviations
Manage all stock take processes and monitor stock count results and report on final variances
Negotiate early payment and ensure budget is achieved without fail.
Team motivation through team building. Rewarding special achievements etc.
EPD tracking and negotiation
Ensuring all Credit notes singed, validated and booked properly
Ensuring all policy and procedures are followed (LPO matrix, stock take)
Helping in preparation of budgets and forecast
Investigating major inventory shrinkages, asking for justifications in shrinkages after each inventory.
Complete the 3-way match of the Purchase order, Goods Receipt Note and Invoice prior to
recording any invoice on the ERP. Verify items billed against items ordered and receive and
reconcile differences through investigation and follow-up with the vendor and/or other employees
Ensure data accuracy and posting to the correct codes in the published Chart of Accounts, of the
invoices posted in the system to ensure accurate accounting and subsequent payment.
Reconcile transactions, financial data, and other information to an automated accounting system
and correct discrepancies.
Ensure 80% reconciliation of Supplier and accounts as a part of daily routing and investigate and
correct discrepancies, if any.
Prepare accurate and timely reports as required by the Line Manager.
Contribute in revising work methods, forms, formats, and standards to improve operating
efficiency.
Contribute by responding, coordinating & investigating requests/queries received
Update and maintain files and documentation thoroughly and accurately, in accordance with
company policy and accepted accounting practices
Maintain up-to-date accounts payable system
Updating and maintaining records of other Income
Ensuring that all payments are made in accordance with company policy
Reconcile accounts payable transactions.
Pays invoices by verifying transaction information; scheduling and preparing disbursements;
obtaining authorization of payment.
Management accountancy , Taxation