Senior Accountant
K4 General Trading and Contracting Company
Total years of experience :13 years, 0 Months
Managing daily cash & bank balances and ensuring that cash flows are adequate to allow business units to operate
effectively.
Handle full spectrum of financial and cost accounting role eg. AR, AP, GL, forecasting, budgeting etc.
Prepare financials (Income Statement, Balance Sheet & Cash flow) reports for meetings and management reference.
Review and approve payment vouchers, receipts and journal entries.
Supervise and provide training within the Finance Team to raise awareness and knowledge of finance & accounting
matters and Plan & schedules work of accountants.
Create solutions to new financial challenges by applying financial/ treasury knowledge and handle day-to-day task
related to accounts and finance function & Coordinate implementation of accounting and control procedures.
Work with executives and business heads to prepare budgets and track profit/ loss performance by business unit on
consolidated basis.
Analysis of Trial Balance and rectifying if required and undertake detailed analysis of the monthly management reports
highlighting weaknesses and variance from budget.
Letter of credit openings and maintain its payments schedules Forex revaluation of receivables, payable and bank
balances on monthly basis.
Analyze and improve systems to improve inventory control and warehouse procedures.
Ensure AR and AP reports are accurate and updated, any concern to be escalated to the Finance Manager.
Tracking of product manufacturing expenses to calculate landed costs.
Checking all reconciliations. (Bank, GRN, AR, AP, other Control Accounts & Intercompany)
Preparing Schedules (Fixed Assets, Accruals and Provisions, Deposits and Prepayments)
Reconciliation of project wise revenue, expenses, open job orders for further action
•Prepare full project statement for comparison contractual value against the actual value for management review.
Creating new chart of accounts for new business and updating existing chart of accounts as per business needs.
Preparing monthly payroll, vacation leave salary and Indemnity.
Coordinating with auditors during auditing and providing require reports and reconciliations.
Checking audit draft reports as per provided Trial Balance and report if found any discrepancy before printing final audit
report.
Preparing payment for local suppliers, international suppliers & reconcile Supplier account.
Maintain Daily Cash Flow (Inflow and Outflow) and report to Finance Manager.
Reconciling customer accounts and follow up outstanding payments.
Verifying the correctness of cash & Credit sales transactions transferred from POS and it posting to GL & AR. Also, to
make sure all the documents like signed invoice, purchase order etc. has been submitted by the sales department.
Manage payroll for all companies, prepare, examine, and analyze accounting records, financial statements, reports, etc.
Creating new chart of accounts for new business and updating existing chart of accounts as per business needs.
Checking all types of transactions and approving them for posting.
Tracking of product manufacturing expenses to calculate landed costs.
Authorizing the transfer of expenses into and out of project-related accounts
Reviewing and approving overhead charges to be applied to a project.
Investigating project variances and submit variance reports to management.
Research any unbilled issues to optimize the billing possibilities for the billing period.
Running the monthly depreciation proposal to booked the depreciation against fixed assets and clearing fixed assets
control account.
Preparing customer wise profitability report.
•Preparing and checking the Sales Invoices and modify if necessary.
•Processing payment for supplier, local and international as per the ageing report, standing instructions and contracts.
•Processing GRN (Goods Received Notes).
•Monthly inventory adjustments e.g. Baladiya inspection & Customs checking.
•Transfer of expired stock & damage inventory to damage warehouse.
•Stock transfer for consignment sale & promotional activities.
•Follow up with short received shipment.
•Receive and verify vendor invoices and requisitions for goods and services.
•Reconciliations of Bank Accounts, Inter-Company transactions, and Vendor & Customer Accounts (with their respective SOA)
•Ensure account receivable transactions activity is documented and detailed into well maintain accounting records and maintain accounts receivable customer files.
•Raising debit/credit notes to the parties and follow up for the timely settlement of the same.
•Maintaining bank transfer letters local and international payments for future reference and filing of important correspondence from the supplier.
•Booking all office expenses including credit card with proper allocation e.g. Division, Department, Project, Events.
•Prepare statement of accounts for supplier and customer.
•Generate payable ageing report on a weekly basis to avoid any delays in supplier’s payments.
•Involve with month end closing process including preparation and review of journal entries and weekly/monthly reconciliation of balance sheet accounts.
•Maintain regular contact with other department to obtain and share information to correct transactions.
•Calculating product & project cost.
•Preparing monthly expenditure forecast and estimating project profitability.
•Preparing cash flow for project.
•Preparation of Financial Statement e.g Balance Sheet, Profit & Loss Account, Cash flow and Retain Earning.
•Passing Journal entries at SAP.
•Bank reconciliation.
•Preparation of recon Balance Sheet.
•Handling Foreign Exchange Transaction.
•Checking, verifying and processing FOREX invoices.
•Handling credit card transaction for AMEX and MASTER CARD.
•Booking expenses as per chart of account e.g. office expenses, transport.
•Preparation of Cash & Bank receipt and payment vouchers.
•Reconciling of supplier and customer with their respective SOA.
•Preparation of bank reconciliation statements.