Senior Accountant
Arabian Specialised Materials Company (ASMA)
مجموع سنوات الخبرة :12 years, 11 أشهر
Arabian Specialised Materials Company (ASMA) is a leading trading & manufacturing company based in the State of Qatar. Established in 1996 as part of Al Jaber Group of companies a major conglomerate with over 30 companies. ASMA collaborates with experienced technical and administration staffs to lead 6 divisions of ASMA were established to offer construction materials and services to numerous clients in several industries including infrastructure, buildings, water, electricity, Rail, oil & gas and petrochemicals. (http://www.asmaqatar.com/)
Key Responsibilities:
• Executing wide range of finance and accounting functions like financial reporting, reconciliation, banks accounts and updated the same in the automated systems using Mints Solutions ERP System to ascertain month-end accruals and finalization of accounts.
• Developing detailed spreadsheets, promptly updating financial systems, fixed assets register along with depreciation and generating accurate financial statements.
• Generating an array of reports that exhibit the financial stability/ liquidity/ growth along with reconciliations, establishing trends, identifying deviations and recommending cost-effective solutions to rectify the same.
• Performing account reconciliation to validate customer/vendors & intercompany accounts as well as bank reconciliations including Following up with letters of credits and effectively managing variances.
• Directing the inventory department and tracking all inventory received and issuance has recorded properly and additionally taking annual physical stock count.
• Administering payrolls in compliance with WPS, preparing annual leave entitlements and EOS settlement.
• Directing all activities of credit and collection department and guiding divisions managers to review and control the credit and collections to control the cash flow in addition to compiling reports for AR aging, collections, and inventory.
• Analyzing all financial aspects of the contracts and reviewing sales invoices before being signed to ensure alignment with contract and billing terms.
• Playing in vital role in migrating the accounting software to new ERP system and creating new policies and procedures related to fixed assets and inventory.
• Processing of vendor invoice/payments based on company’s policy and established credit terms/ period. Tracking and minimizing overdue payments.
• Providing full support to internal and external audits; compiling weekly report for cash inflow and customers balances and preparing profit and loss statement.
• Offering strong support to management in ensuring the financial domain of the organization is organized, well structured, defined and complies with all regulatory requirements and generally expected internal controls.
Hasoub and HSB are members of BT Group, Multinational Enterprise, and have 7 branches all over the Middle East (http://www.btgroup.net/)
Key Responsibilities:
• Managed daily accounting functions and managed all transactions related to the branch - formulated & analysed financial statements monthly closing & cost accounting reports for accuracy & conformance to reporting & procedural standards using ERP Oracle JD Edwards System.
• Maintained an accurate and up to date ledger, ensured adequate control is maintained in preparing the annual depreciation of fixed assets, amortization of costs, etc
• Oversaw factors critical for sound financial performance encompassing payroll & annual leave entitlements and EOS settlement, bank reconciliations, accruals, prepayments including other month-end closing procedures.
• Documented movements of fixed assets in the system; analysed and updated detailed schedule of fixed assets and accumulated depreciation thereof while ensuring their proper maintenance and safety at all times.
• Key person for ensuring best possible utilization of banking facilities; providing all financial document required by external auditors and the timely preparation of month and year end close.
• Summarized fiscal information from business activities into relevant financial statements, reports along with respective narratives/ schedules and ascertained compliance with accounting policies and procedures with the overall group policies.
• Fostered effective inter/intra departmental communication in the group to facilitate branch’s ongoing operations (HRA, credit, IT, logistic, warehouse, ERP, Planning, Budgeting, marketing, Procurement).
• Managed reconciliation of accounts between branch and other related branches/customers and suppliers and drafted periodic management reports (IS, Sales analysis, Revenue analysis, A/R, A/p, and cash flow).
• Established a meticulous follow-up mechanism to receive payments from ageing debtors; developed and reconciled statements while striven to maximize cash/ revenue income for the company by tactical collection efforts.
• Preparing the annual budget for the branch, and monthly/quarterly review and comparing to the actual results to identify and analyse variances.
• Provided financial oversight for contracts and for establishing limits for client credit facility as well as followed up payment collections from customers.
• Certified sales invoices, managed logistics costs and inventory movements in addition to overseeing licenses and rental agreement renewal.
• Processed supplier (local & foreign) payments, issued purchase orders to local and foreign suppliers and computed landed cost as per the company policy.
• Evaluated figures of financial statements/ reports and documents generated for accuracy in addition to periodic reporting to management regarding the financial statues of the organization.
Key Responsibilities:
• Handled the full continuum of business operations, financial planning and analysis, supervised day to day finance and accounting operations in conformance with the approved system policies/procedures and presented reports to the management.
• Interpreted financial reports, resolved accounting issues, maintained monthly ledger Accounts P&L, B/S & Cash Flow statements and computed annual depreciation, monthly salaries and annual leave entitlements and EOS settlement.
• Computed monthly financial statements, drew up monthly financial reports reconciled & maintained balance sheet accounts, facilitated in external audits to prepare the final accounts, assisted in preparing budgets & forecasts.
• Prepared a variety of financial statements/summaries including reconciliations of bank accounts, intercompany reconciliations and monitoring of accounts payable and receivables
• Established and coordinated the implementation of accounting & accounting control procedures, monitored accounting & related system reports for accuracy and submitted timely year end close reports to management for review and decision .
Other Relevant Experiences:
• Apr 2013 - Oct 2013: Accountant (Part Time) | Honest International Shipping Company
• Jan 2013 - Apr 2013: Accountant (Part Time) | National Food Company (NAFCO)
• Jan 2010 - May 2011: Cost Accountant | Shouman Industrial Company - Egypt
Bachelor of Commerce | 2005 - 2009 | Faculty of Commerce, Mansoura University, Damietta Branch Accumulative Grade: High Good Major: Accounting. (Good)