Accountant
Petroserv Limited
Total years of experience :13 years, 0 Months
• Verifying and approving accounting entries for Revenue, Expense, account bank payments and receipts posted in SAP (HANA).
• Maintaining yearly budget file and ensuring cost control efficiency by analyzing the CAPEX and OPEX entries posted to various cost centers and project codes
• Managing the receivables via aging analysis from Ashghal (PWA), Qatar Energy, and other government Agencies and companies to maintain smooth STCF AND LTCF (Cash flows).
• Initiating and testing of improved workflow processes in line with internal frameworks and budgeting policy for processing payments and receipts within deadlines.
• Forecasting and following up on assets maintained by Plant division by timely processing LCs and LGs through the treasury department.
• Training staff on accounting methodology and creating a rigid accounting framework and office policy on cash management and Revenue control on equipment and utility hire.
• Conducting monthly revenue variance analysis on project and internal departments are in line with asset control and usage policy and reporting to management.
• Compiling and producing detailed reports on YTD actuals and budgets to the Executive management and necessary management KPIs.
• Executing necessary training programs and assisting subordinates (team of 4) to ensure the development and department productivity.
• Booking and maintaining Revenue, Expense, Asset, Liabilities accounting entries for branches and head office Qatar of QSUR in SENTEZ accounting software.
• Preparing and booking POS (point of sale) entries for various locations serving as distribution channels for the Ministry of Defense by analyzing Merchant Statements and IR/GR matching.
Booking and maintaining Revenue, Expense, Asset, Liabilities accounting entries for branches and head office Qatar of QSUR in SENTEZ accounting software.
• Preparing and booking POS (point of sale) entries for various locations serving as distribution channels for the Ministry of Defense by analyzing Merchant Statements and IR/GR matching.
• Maintaining and checking the assigned supply chain records with the retail sales for year-end control and reconciliations purposes.
• Issuing payments/refunds to suppliers and customers through PO/GR validation and discrepancy policy assigned.
• Managing Archives of both hard and soft copy and building the infrastructure for accounting records and software.
• Preparing and submitting the bank guarantees and tender applications by liaising with the sales department for on time submissions.
• Participated in the year end closing for all branches retails sales and supply chain verification procedures for the Factory.
• Controlled and maintained the petty cash disbursement/reimbursements from the head Office for all sub petty cash holders and branches.
• Conducting financial analysis for budget control and operational efficacy as and when requested using office and bank instruments.
• Preparing Revenue, Expense, Asset, Payroll, Taxes accounting entries for 3 branches in Portugal Jordan and Qatar in Sage accounting software.
• Reconciling monthly Affiliate accounts (JEC group), 9 Local and overseas Bank accounts, and preparing their respective accounting entries, prepare periodic revenue entries and periodic receipt entries.
• Archiving the soft copy and Hard copy of the accounting transactions with supporting documents in organized and efficient manner through file management systems and computer data infrastructure.
• Preparing income invoices for clients through approved payment certificates along with timesheets of personnel on site and head office while maintaining payroll control and effectiveness and following up payment collection.
• Reviewing monthly payroll and disbursing salaries through various channels to employees (WPS systems, Cash, and Cheque) by cross verifying the staff attendance and payroll cost details.
• Recording and reviewing the Jordan and Portugal branches petty cash and other inherent expenses.
• Maintaining smooth cash flow by preparing detailed schedules for provisions and prepayments accounts
• Custodian of monthly petty cash (QAR 2 1, 000) and disbursement of expenses while following group policies and monthly reporting deadlines. Preparing Revenue, Expense, Asset, Payroll, Taxes accounting entries for 3 branches in Portugal Jordan and Qatar in Sage accounting software.
• Planning of the audits of different companies through performing and evaluating the internal control procedures, analyzing the business and financial risks for the companies audited, identifying areas of major risks and analyzing ways to mitigate risk areas and prepare risk assessment forms.
• Prepare Tax returns for companies filing directly with the Tax Department, Doha
• Review accounting policies, processes & procedures and prepare and implement audit plans and programs.
• Managed multiple engagements dealing with valuations, mergers, feasibility studies and other advisory functions.
• Finalize the audit and prepare the financial statements according to both IFRS (International Financial Reporting Standards) and US GAAP.
• Prepare management reports for any control weaknesses and perform procedures around the control environment.
• Conduct inventory analysis by completing routine inventory counts through supply chain.
• Report and provide advice and recommendations regarding financial controls, budgeting and accounting and non-accounting issues.
• Provide help, support and share knowledge (in the form of both discussions and informal training of accounting.
• Audit planning of companies by performing and evaluating the internal control procedures and financial data.
• Identifying areas of major risks and analyzing ways to mitigate risk areas and prepare risk assessment forms.
• Preparing Tax returns for companies filing directly with the Tax Department, Doha
• Review accounting policies, processes & procedures and prepare and implement audit plans and programs.
• Managed multiple engagements dealing with valuations, mergers, feasibility studies and other advisory functions.
• Finalizing the audit and prepare the financial statements according to both I.F.R.S and U.S G.A.A.P.
• Prepare management reports for any control weaknesses and perform procedures around the control environment.
• Conduct inventory analysis by completing routine inventory counts through supply chain.
• Report and provide advice and recommendations regarding financial controls, budgeting and accounting and non-accounting issues.
• Provide passionate help, support and share knowledge in the form of both discussions and informal training of accounting.
Corporate Invoicing both cash and credit transaction through and processing payments daily and reporting to
Operations manager.
Reconciliation of daily sales from all branches and management of accounts in TRAACS and AMADEUS
software’s
Creating weekly and monthly financial reports for Updating SOA and checking bank accounts for BSP payment
clearance every two weeks.
Debt follow up and monthly reconciliation of bank statements by liaising with merchant officers
• To Maintain and update monthly/quarterly cost control report for maintaining budget control and cost analysis in line with conceptual framework..
• Creation of Request for services and timesheet of personnel in SAP to process invoices with proper validation checks
• Deriving reports and summary to be submitted to shareholder for budget estimation by liaising with the Project manager and Finance manager.
• Allocation of budget to various departments and implementing procedure and controls by conducting regular meetings to forecast cash/budget management and reduce discrepancy.
• Checking validation and synthesis of Invoices through IMP (Invoice management process).
• Follow up on meetings with Creditors and payment advices for on time payments to vendors accounts
• Checking Goods receipt and analyzing data for proper management of accounts and other information/queries from vendors.