Senior accounts payable accountant
Petra Engineering Industries Company
Total years of experience :17 years, 2 Months
1. Review and post vendors Invoices and payments in EPICOR.
2. Ensure vendor invoices are properly approved and in line with the contracts.
3. Coordinate with treasury cash forecast for vendor payments.
4. Manage the Accounts Payable process, ensuring that all vendors are paid in a timely and efficient manner.
5. Review and approve the section activity weekly reports and discuss with the Accounting Manager (Ageing report/Expenses Analysis/Goods in transit).
6. Lead and manage the team responsible for all aspects of Accounts Payable activities (6 Accountants).
7. Maintain and control all Accounts Payable data to meet the requirements of internal and external auditors and to ensure conformity of information to acceptable standards.
8. Plan, direct and supervise the activities of the personnel in the Accounts Payable section, ensuring that the section’s work program is achieved.
9. Monitor existing accounting policies, procedures and systems and assist in the development and implementation of new accounting systems and procedures to meet the changing requirements and anticipated future needs of the business.
1. Preparing all the monthly bank reconciliations.
2. Entering, reviewing and maintaining all the LCs transactions.
3. Full responsibility of preparing the sales tax recognition documents and maintains all the related accounting reports, in addition to deal with the related external parties.
4. Responsible for accounting and maintaining the fixed asset system including additions and disposals; maintaining asset and depreciation reports and reconciliations.
5. Matching all the foreign accounts and preparing all the transfers document to the management.
6. Responsible for the expense part of the monthly performance report and operations expenses report including the budget VS actual variances.
7. Auditing the most of the daily transactions before posting.
8. Preparing weekly and monthly vendors' check payment.
9. Auditing and posting daily stock transactions (purchase orders and good receipts).
10. Preparing & analyzing monthly Financial Reports.
11. Following daily and monthly cash out flows and bank positions.
12. Assist the AR department in preparing the aging balances of the customers and approve the sales invoices after checking their balances and the profit margins.
1. Preparing, posting and reviewing all the daily transactions of the company (AP/AR/GL).
2. Handling the main cash account in addition to prepare the daily deposits.
3. Follow up the petty cash accounts and prepare the weekly reconciliations for them.
4. Dealing with the Income and Sales Tax Department, and preparing the periodic tax recognition in addition to the related accounting reports.
5. Preparing the monthly ageing reports for the suppliers and customers, in addition to prepare the reconciliations for all of them, in addition to prepare the monthly payments for the suppliers.
7. Preparing monthly bank reconciliations.
8. Participate in preparing all the financial statement.
9. Full responsibility of training new hired staff in the accounting department.