Chief Accountant
Ikea - Jordan
Total years of experience :11 years, 4 Months
accounting processes to reduce work paper and document requirements.
•Performed month-end/year-end close, financial statement preparation and budget variances. Assisted management to resolve variances.
•Completed entire month end close process (prepared and analyzed monthly journal entries as well as the Cash Flow, Balance Sheet, Income Statement, and Trial Balance financial statements
•Completed account reconciliations and analysis of critical Balance Sheet accounts
•Worked closely with internal audit to ensure compliance as well as with external auditors during quarterly reviews as well as the annual integrated audit
•Interacted with various departments to review & validate financial information
•Analyzed accounts receivable monthly to adjust reserve to doubtful accounts, review revenue reconciliation and advise of adjustments, review accounts payable and bank reconciliations monthly.
•Preparing and posting accounting related entries to various ledgers, registers, journals logs by following established accounting techniques procedures.
•Conducting bank account administration, which includes, validation of opening and closing of accounts; and signatory changes.
•Preparing monthly closing by also recording activity related to employee benefits, allocations/accruals, and depreciation.
•Providing monthly and quarterly detailed variance analyses and explanations including detailed transactional financial reporting as required by management.
•Created and implemented the accounting department budget versus forecast models on a monthly basis.
•Ensure proper accounting and reporting of assigned grants, which include yearend calculation of accounts receivable and deferred revenues.
•Keeping track of the probation period applicable to National Staff, and updating national staff salaries and retroactive payment calculations.
•Follows up employee’s annual and sick leaves, and to make sure all supporting documents are submitted.
•Maintains employee confidence and protects operations by keeping human resource information confidential, and assists in management of employee benefits, such as insurance and social security.
a register for pending reimbursement for hotel Cashiers.
•Prepares following on daily basis:
•Daily Cash Receipts.
•General Cashier summary before leaving for bank.
•Summary to pass Income Auditor.
•Prepares petty cash vouchers immediately on payment day after petty cash payments and
pass to accounts payable for reimbursement.
•Performs the day to day processing of financial transactions to ensure that municipal finances are maintained in an effective, up to date and accurate manner.
•Completes payroll functions in order to ensure that staff are paid in an accurate and timely manner.
•Provides administrative support in order to ensure effective and efficient office operations.
•Makes recommendations to improve quality of invoicing and collection procedures.
•Provides aeekly reporting of invoicing totals/aging totals/cash receipts/invoice adjustments.
•Utilizes audit methods and procedures of accounts receivable function to improve efficiency.
•Assists in setting up new budget variance reports for reporting to Managers and Board of Directors.
•Assists with external and internal audit process and provided all necessary worksheets/data to minimize billable hours.
•Prepares general ledger (journal entries) analysis and assists with month and year-end reports.
•Responsible for monthly detailed reconciliations of all balance sheet accounts including cash, inter-company balances, prepaid accounts, general and accrued liabilities, etc.
•Collaborates with other personnel to review account payable/receivable, performed necessary reconciliation, and prepared concise monthly financial reports
Responsibilities include:
•Advising companies how to improve their financial systems and profitability.
•Managing clients’ spending, costs, credit, payroll and investments.
•Management of the finance function and overseeing the finance team.
•Preparation of budgets, forecasts and cash flows.
•Maintenance of financial ledgers and accounting processes.
•Preparation of Monthly Consolidated P&L and Balance Sheet.
•Timely production of statutory and internal financial reports.
•Financial modeling and analysis.
•Cash management and treasury duties.
•Ensuring that appropriate systems and internal controls are implemented and maintained.
•Overseeing the Payroll process.
•Finding and preventing fraud.
Rashed Office for Accounting and Auditing - Jordan
and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
•Establish tables of accounts, and assign entries to proper accounts.
•Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
•Ensure financial records are maintained in compliance with accepted policies and procedures.
•Analyze and advise on business operations including revenue and expenditure trends, financial commitments and future revenues.
•Advise management on the impact of new laws on tax liabilities.
•Ensure accurate and appropriate recording and analysis of revenues and expenses.
•Advise management regarding the tax impact of corporate strategies.
•Complete required tax reporting in a timely manner.
•Devise tax strategies to defer or eliminate tax payments.