Senior Accounts Officer
DAMAS JEWELLERY LLC
Total years of experience :27 years, 5 Months
Handling the financial operations of Corporate Sales Department, which sells gold and other products to corporate client in UAE and overseas.
1) Maintaining all books of Accounts in a computerised environment and as per the prevalent accounting policies and standards.
2) Preparing Statement of A/c for Sundry Debtors and Ageing Analysis and following up the outstanding payment from the clients on a weekly basis.
3) Monitoring the position of Creditors balance and arranging Payments.
4) Reconciliation of Bank Statements, other Party Accounts and the inter division reconciliation with in the company.
5) Control over expenditure and strict compliance to the budgetary controls and taking suitable action if necessary.
6) Handling petty cash and other miscellaneous payments relating to the division.
7) Controlling the inventory of the division and conducting stock taking on a monthly basis.
8) Handling the purchases of gold, diamond and other valuable items of the division on consignment and direct basis.
9) Preparing the monthly incentive for the sales staff as per the incentive policy of the company.
10) Preparing Trial Balance, Final Accounts and Balance Sheet and handling the quarterly, half yearly and annual audit of the division.
11) Prepara tion of MIS Reports and other reports as per the requirement of the management from time to time and reporting if some issues requiring the attention of the managements.
Role and Responsibilities: Worked as an Accountant in Fathima Group of Companies, dealing into wholesale and retail of foodstuff, supplying to small supermarkets and operating around 20 supermarkets within UAE. The customers included few big and famous supermarkets and hypermarket retails chain, like Al Maya Lals, Talal, Sunrise and Lulu.
•Maintaining all books of Accounts.
•Preparing Statement of A/c for Sundry Debtors and Ageing Analysis.
•Control Over payables against receivables Accounts
•Reconciliation of Bank Statements and other Party Accounts.
•Control over Expenditure
•Handling petty Cash
•Handling all types of banking documents for Imports and Export.
• Preparing Trial Balance, final Accounts and Balance Sheet etc.
•Opening of Letter of Credit with Banks, keeping track of Imports.
•Maintenance of Import Registers.
•Preparation of MIS Reports
•Organizing Working Capital
•Inter-Branch Reconciliation
•Checking / Verification of all Vouchers and Pay Roll Accounting.
•Making all books of accounts in a computerized environment.
Handling of accounts up to finalization in a computerized environment.
Profit & Loss Account, Balance Sheet, MIS Report Credit Control, Follow up of collections.
Maintaining Creditor’s and Debtor’s Ledger.
Re-conciliation of bank accounts, inter-branches, Party Ledgers.
Petty cash handling, Payroll, Computation and payments of commission and incentives for the sales team.
Project Accounts and reports to Finance Manager.
Checking Account, with Auditor as well as typing
Typing and posting entries in the books
M.B.A Finance
Completed B.com from S.V. Universtiy, Tirupathi (A.P)