Account Receivable Supervisor
Arabian Drilling Company
مجموع سنوات الخبرة :26 years, 7 أشهر
Supervisor AR dept.
Support Staff to Accounting Manager
• Ensuring timely and accurate month end closes;
• Overseeing preparation and distribution of monthly financial reporting packages to operational management;
• Assisting in the preparation of annual budgets, quarterly reports, rolling forecasts and year-end statements;
• Assisting with the year-end financial audit;
• Assisting in resolving accounting and financial problems and/or issues/procedures;
• Overseeing payroll and operations accounting regarding data, information integrity, accuracy, and relevancy;
• Preparing and posting journal entries, code corrections and accruals as required;
• Approving journal entries from accounting staff;
• Preparing and distributing month end cut-off schedule - ensure all areas meet their deadlines;
• Coordinating month end activities - ensure all accruals, corrections and other journal entries are posted and reversed if necessary;
• Maintaining required records, reports, and files in an organized manner;
• Overseeing analysis and clearing of GL Accounts (Third Party, Accruals, Other Receivables etc.);
• Monthly review of rig statements - post any correcting and/or accrual entries;
• Reviewing and maintaining rig review guidelines, updating staff of relevant changes to policy/procedures;
• Posting Foreign currency valuation, per Hour assessments, Rig allocations, Bonus provision, and Safety Point accrual;
• Overseeing maintenance of cost centers and groups and cost elements groups in SAP system as required;
• Approving daily bank reconciliations;
• Overseeing validity of procedures and the documentation of those procedures as they pertain to responsibilities of reporting employees;
• Performing other related duties as required.
• Create / Close Work Orders and keep track of movements
• Supervise Internal/External Audits;
• Supervise cyclical inventory counts with Materials Manager support and book any adjustment entries.
• Prepate monthly reconciliations and post clearing entries where required to keep book clean.
• Setup new vendors in SAP under strick guidelines by Corporate with proper due diligence.
• Prepare monthly financial KPI’s
• Supervise Accounts Receivable and assure all invoices are billed to customer on timely basis as per contractual requirements, supporting documents. Follow up regularly with customer for adjustments, corrections and collection thereof to keep DSO within acceptable parameters.
• Responsibile for Budgeting, administration, AP, AR, Treasury, Audits, Budget, etc.
• Preparing, analyzing and inter, Statutory Audits, SOX controls, MIS reporting, Intercompany Invoicing, Monthly Financial Reporting, Accounts Payable and Receivable superviso, treasury functions, Cost Controls and Contracts review & implementation to help operations team achieve high rig utilization to maximize profits.
• Using SAP to record accounting transations and reporting them in Hyperion each month.
• Responsible for submission of month payee tax returns and handly Company tax issues.
• Responsible for Legal and General administration of office.
Overall Incharge of Finance Dept
• Assisted Finance Manager in preparation of monthly financial statements, data entry (using Quick Books),
• Managed monthly account reconciliation of all balance sheet accounts, accounts payable & receivable and collections, budget and cost analysis,
• Dealt with the preparation of required tax filings such as withholding, PAYE, VAT and other state and federal income taxes etc. along with payments.
• Maintained proper internal controls to ensure the Company is in compliance with Sarbanes-Oxley requirements.
• Monitored the completeness, integrity and safe keeping of all accounting records, managed banking operations and external audit coordination.
• Kept track of Expatriate and Local Employees Salary / Loan Accounts and ensured deductions are made in a timely manner.
• Ensured proper controls are exercised over Cash handling as per Company policies, including surprise cash counts.
• Provided assistance to Project Manager in Warehouse movement's through periodic checks and ensured the compliance with Company policies by the Warehouse Staff.
• Ensured the accuracy of numbers reported by warehousemen and prepared inventory reconciliation statements.
• Monitored and ensured that the lease documentation for offices, houses, cars, equipment etc. used by the Company is up to date and created necessary arrangements for their renewal.
GL posting & monthly reconcilation, Payroll preparation and disbursement, month end closing, bank reconciliations, document controler etc
Consolidation, Reconciliation, GL maintainace, Cash Management, Statutory Reporting
Completed MBA (Finance) with 1st division
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