Senior Accountant
AL ANDALUS TRADING COMPANY
Total years of experience :16 years, 1 Months
- Monitor, control and apply the needed internal systematic controls and procedures for generating the Pos (Purchasing orders) and SOs (Sales orders) to assure the accuracy of the financial records are matched with the agreements with the vendors or the customers.
- Evaluate workflow processes and procedures to develop, recommend and implement procedural and system changes to increase accuracy, efficiencies and internal controls.
- Create, plan and prepare financial models and other ad hoc reporting as needed.
- Check and review projects’ agreements with the customers and the related estimated budget to ensure that all records are matched with the terms and condition of the agreements.
- Monitor and control projects’ budgets to avoid exceeding the estimated costs and estimated profit margin of the projects in a monthly basis.
- Check, review, bookkeeping and posting the daily invoices, bills, petty cash, receipt vouchers, journal entries and the monthly accruals, deferrals, leases, fixed asset…etc.
- Review aging reports and follow up with the customers regarding overdue balances.
- Preparing payments to vendors and others creditors.
- Posting and bookkeeping of the daily bank transactions and preparing banks’ monthly reconciliations.
- Treasury Tasks such as:
o Letter of credit & Letter of grantee issuing and follow up regularly.
o Managing cash flow in and out to maintain positive flow of cash and maintaining cash needs for the operations.
- Prepare reports required for financial audits and management as needed.
- Preparing monthly general ledger reconciliations and monthly closing and prepares monthly/annual financial statement reporting and related analysis.
- Assists the external audit firm with the annual audit information needs.
- Preparing interim/annual inventories physical count.
- Review, control, analyze and posting journal entries for Fixed assets, petty cash, receipt vouchers, subcontractors’ work completion sheets, local and foreign suppliers’ invoices, shipping invoices and other creditors’ invoices.
- Reviewing and preparing reconciliations to ensure the accuracy of the trial balance accounts.
- Preparing accounts payable payments.
- Preparing, monitoring and controlling the customers’ statements of account for the collection needs as per the contracts collection terms and the cash flow position.
- Preparing monthly profit and loss reports for the running contracts’ performance.
- Preparing monthly AR and AP aging reports.
- Preparing reports for the monthly sales.
- Preparing annual inventories physical count.
- Supporting the financial department in preparing any required analytical report using advanced skills.
- Supporting management by providing them with timely accounting information.
- Assist in preparing the annual financial statements and the related analytical reports.
- Review current systems, make recommendations for system enhancement, and participate in implementation of new systems.
- Preparing, controlling, and oversees the cash management.
- Managing and controlling the financing facilities (General and Specific lines) from banks such as (KIB, ABK, GBK, CBK and NBK).
- Coordinating and managing with technical department for requesting new financing for new projects.
- Preparation, following up and controlling all types of LCs &LGs.
- Coordinate with corporate offices and local brokers for insurance policies for the current and new projects.
- Make daily reconciliation for the bank accounts and petty cash, review, control, and follow up the transactions of the bank accounts through the online banking.
- Follow-up daily with all banks accounts managers to resolve problems if any and cooperate with them to get the job done.
- Executes daily concentration of cash and borrowing.
- Determines company’s cash position by preparation of monthly timeline for cash in and cash out.
- Performs daily bank account reconciliation.
- Executes wire transfers and other funding necessary to balance company’s daily cash position.
- Prepares monthly cash follow reports.
- Assisting in preparing of annual and semi-annual financial statements.
- Reviewing, data controlling of the financial terms for A/P and A/R contracts.
- Review and control of A/R due payments and follow up with the projects for the collections upon their aging.
- Review and control of A/P due payments and follow up with them to settle the due payments upon their aging.
- Review and audit the operations of payroll, leaves, and indemnity for the employees in addition of making the process of payroll payments through the online banking applications.
I was responsible for Electrical & Mechanical Divisions and projects.
My responsibilities was:
- Reviewing, data controlling of the financial terms for A/P and A/R contracts.
- Review and control of A/R due payments and follow up with the projects for the collections upon their aging.
- Review and control of A/P due payments and follow up with them to settle the due payments upon their aging.
- Review all invoices of the AR & AP to ensure compliance with the terms of the contract before preparing of the journal entries.
- Preparing journal entries associated with banks accounts transactions.
- Monthly reconciliations for all GL accounts.
- Preparation of monthly reports to CFO for the payments to be collected from customers and payments due to subcontractors and /or suppliers in accordance with the aging of the contracts.
- Preparing, reviewing, payment for payroll, leaves, and indemnity for the whole company.
- Cashier.
- Coordinate with HR and administration team to solve any problems.
- Bookkeeping
- Preparing daily journal entries for banks account transactions.
- Preparing, reviewing, payment for payroll, leaves, and indemnity for the whole company.
- Performing all cashier duties.
- Performing all administrative and secretarial works for the general manager.
•Handling and following up all transactions needed for
new assigned and / or terminated for Kuwaiti and GCC
employees related to social security.
•Handling and following up Visa Transfer out of company
for ex-employees.
•Handling and following up the Overdue Vacation
termination transactions.
•Handle all email correspondences.
•Other basic Admin duties.
Part time job:
My responsibilities was:
- Participate in preparing daily journal entries for the daily transactions.
- Participate in preparing payroll.
- Performing some administrative and secretarial works for the general manager.
Handling all correspondences, answer calls, documentation, file management, handle reception and all other secretarial duties.
Preparing customers invoices, helping in making price lists, and some other tasks) using the Retail Pro Inventory Edition Program and also MS Office application.
Audit and check for any mistakes or defects in manufacturing Processes with the help of a team consists of more than 40 persons under my supervisory .