Senior Financial Accountant – Control
arab open university-Regional Diplomacy Education Foundation
Total years of experience :30 years, 5 Months
Key Highlights:
• Recipient of multiple appreciation certificates for rendering qualitative service.
• Functioned as Member of Disposal Committees of Damaged and Obsolete Inventory.
• Prepared legal regulation for effective management of inventory based on recommendations of the Internal Audit Office and approved by the Deputy Director for Financial and Administrative Affairs.
• Played key role in developing & rolling out manual programming financial system to optimize inventory costs based on organizational cost evaluation system. Successfully built the inventory automated existing system.
• 9-years of experience work at Arab Open University.
Key Responsibilities:
• Developing inventory control procedures, which reduce the shortage and wastage.
• Perform analysis and resolution of the current account between Kuwait branch and Headquarter.
• Reviewing the monthly debit and credit accounts; bank accounts reconciliations.
• Analyzing revenues, commissions and expenses for proper records on monthly basis.
• Auditing entries on the financial system (Oracle Sys).
• Prepare, examine and analyze accounting records, financial statements; and assess accuracy of financial reports, completeness and conformance for reporting and procedural standards.
• Handling fixed asset-register and calculate the depreciation periodically and End-of-the Year with restriction to the decided rates.
• Preparing periodical revenue-reports and statistics; monthly, quarterly, and End-of-the Year.
• Confirming monthly and End-Year closing activities in accordance with the agreed timelines with respect to sale revenues and inventory accounts.
• Preparing the Master Budget of the University, in coordination with the Finance Team to complete the budget, forecast, and business plan as per the agreed assumptions and deadlines.
• Responsibility toward accurate accounting and ensuring adequate internal control in cash collection and banking.
• Assessing the efficiency and effectiveness of the organization, SWAT analysis to study strengths, weaknesses, opportunities and threats points.
• Preparing variety of studies and professional financial reports during the fiscal year and Year-End.
• Providing proper interpretation to the management for decision-making purposes.
• Confirming adequate payments from customers and students as per the approved credit terms.
• Participating in the preparation of trial balance and balance sheet.
• Managing and facilitating internal- and external- audits; Quality Assurance Office; enquire the reported recommendations, ensure closure of gaps and respond to auditors’ comments concerning financial and operational requirement and addressing prospective deficiencies overall.
• Training new employees on subjects related to the work procedures, accounting reports preparation and financial systems.
Key Responsibilities:
• Evaluated monthly costs and operational expenses against prior year and budget to provide explanations or business solutions to mitigate risks
• Collaborated with various support teams in evaluating financial impact on cost reductions and other related economic factors for restructuring business decisions
• Assessed financial performance against key business metrics and documented pertinent financial highlights to enable management to determine progress against budgets
• Maintained productive business relationship with banks for ensuring steady cash flow for future & existing business ventures
• Developed effective internal controls and process improvement initiatives aimed at enhancing operational efficiency in the finance department
• Assessed divisional cash flow and followed up on collections for maintaining adequate liquidity aligned to business or operational requirements
• Assisted the senior management in preparing budgets and evaluating performance of individual business units. Participated in various internal and external audits pertaining to operational or statutory requirements
• Rendered consultancy to the management in defining and implementing business strategies aligned to changes in financial regulations and legislation
• Highlighted financial implications of potential business ventures & other related issues to the senior management to minimize anticipated losses
• Generated & presented various reports highlighting organizational financial health to the senior management team to enable effective decision making.
Organizing invoices and purchase orders linked to building projects for construction company. Managing cost accounting software. Maintainance of sub-contactors finance . Verification of payment histories toward contracts and Reconciliation of vendor account statements.
Key Responsibilities:
• Business implementation in accordance with the systems and regulations and governmental laws.
• Managing accounting for fixed assets, receivables, payables and g.ledger.
• Ensuring accurate and Update Corporation accounting records.
• Liaisment within different departments and perform different activities.
• Responsibility toward credit control of transactions and follow-ups.
• Responsibility toward the daily and monthly tasks in the accounting cycle.
• Preparating income and expense forecasts and reporting to the senior management.
• Working as part of a multi-site/multi social security organization.
• Training new employees and University coop-students on subjects related to finance- and accounting- reports.
The certificate has been equivalence by the World Education Services in Canada (WES) and Kuwaiti Ministry of Higher Education (MOHE). The university achieved In 2015 a qualitative leap by obtaining first place between the Jordanian private universities And second among all Jordanian universities (public and private) as classified, and to assess the Global web metrics for international universities and institutes”.