Compliance Analyst - AML Dept.
Al Ansari Exchange LLC
Total des années d'expérience :13 years, 3 Mois
•Responsible for implementation and prompt reporting of regulatory reports in accordance with the Federal Law, UAE Central Bank regulations and FATF recommendations.
•Responsible for assessing and educating staff for the company’s 150+ branches to ensure applying KYC practices and complete adherence to compliance policies and procedures in accordance to local / international law and AML/CFT regulations.
•Responsible for implementation and execution of surveillance reports / system for detecting unusual / suspicious transactions.
•Analyze the trend of transactions conducted by any potentially suspicious customer / entity, in order to investigate on the consistency of funds involved, purpose declared and including the checking of the customer’s name through World-Check online.
•Responsible for Conducting Customer Due Diligence (CDD) on substantially huge amount remittances and unusual / potential suspicious transactions (UPS), in order to establish the beneficial ownership for substantiating the purpose of remittances.
•Preserving all the reports, records and other related documents pertain to customers obtained for conducting surveillance and due diligence.
•Conduct Enhanced Due Diligence (EDD) by arranging for a site visit to the premises/company under examination to compare the remittance volume of the corporate customer with the business activities.
•Prepare Suspicious Transaction Report (STR) for high-risk cases and report the same to the Central Bank of the UAE, and do the required in accordance with recommendations received for the raised STR.
•Responsible for implementing and swift submission of internal reports like MIS reports in accordance with the management / compliance requirement.
•Respond to Law Enforcing Authorities inquiries, by conducting surveillance report, customer due diligence for heightened monitoring list.
•Assist in establishing new branch specialized in construction management to take over three power station projects with Ministry of Electricity, during to the establishment process was responsible for providing all the documents needed and follow up on the process in the governmental organizations.
•Assist in designing the company's chart of accounts, setup the accounting software.
•Prepare opening balance sheet.
•Responsible for the processing, reviewing, tracking and general ledger posting of construction draws for multiple projects.
•Communicate with project managers, vendors, and external parties to manage draw requests/requirements.
•Process accounts receivable, prepare construction billing and follow up on collections.
•Communicate with external clients and lenders to manage funding and draw requests, provide timely responses to questions and inquiries.
•Ensure proper accounting and reporting of assigned grants, which include year-end calculation of accounts receivables and deferred revenues.
•Provide support to safe keeping of internal expenses in company.
•Prepares payments by verifying documentation, and requesting disbursements.
•Process accounts payable from invoice to payment, beginning with coding invoices to the appropriate job number, cost code, GL account number and distributing invoices to Project Managers for approval.
•Maintaining payment draws files and invoice files.
•Approve and code construction in progress payments and reconcile payments to contract balances.
•Calculate and deduct all types of tax in favor of tax authority and ensure payment on due date.
•Record and monitor tax deduction by our customers to ensure it is credited in the company tax account.
•Administer all bank transactions and oversee data recording procedures monthly.
•Analyze different general ledger accounts regularly.
•Prepare deposits and weekly cash flow forecasts.
•Project carryover budgets and inform grant coordinators of unspent funds and approaching spending deadlines.
•Summarizes current financial status by collecting information; preparing customers, sub-contractor and shipment statues reports.
•Substantiates financial transactions by supporting documents.
•Interact with external auditors (Grant Thornton) in completing audits.
•Assist in year-end closing and report directly to Daewoo head office-Korea.
- Accounts Payable Dept.
•Handling petty cash and daily allowances according to the company regulation.
•Monitor the weekly expenses for the offshoring site and report to the management.
•Receive purchase orders for goods and store supplies.
•Perform all aspects of the accounts payable function by matching purchase orders to receiving reports and invoices, entering the invoices into the software according to department policies and deadlines, identify errors or discrepancies and resolve before processing.
•Make arrangements for payment of outstanding and late accounts.
•Prepare vendor cheques due date.
•Report sales taxes and other taxes by calculating requirements on paid invoices.
•Verifies vendor accounts by reconciling monthly statements and related transactions.
•Maintains accounting ledgers by verifying and posting account transactions.
•Calculate overtime for the employees.
•Reconcile bank statement with the company records.
•Maintain a filing system for all financial documents.
•Calculate gross profit/margin for each imported equipment (rental cost, shipment, generated revenue, etc.)
•Prepare monthly closing reports.
-Accounts Receivable Dept.
•Ensure service ticket compile with customer’s contract and prepare customers invoice.
•Communicate with internal/external sales representatives as necessary to complete job duties.
•Perform daily posting and allocation of collections in accordance with supporting documents.
•Updates receivables by coordinating and monitoring daily sales order processing and bank remittance transactions.
•Reconcile and follow up on customer accounts with outstanding past due invoices and/or short payments.
•Collaborate with the financial manager to maintain collection goals and A/R performance levels.
•Prepare monthly report to the management of income, aged receivables, aged deductions and any significant customer issues.