Senior GL Accountant
Qatar Foundation
Total years of experience :27 years, 9 months
- Preparation and consolidation of financial statements,
- Ensure accurate and timely reporting ( monthly, quarterly and year end ),
- Accounts analysis and reconciliation of sub-ledgers,
- Internal control maintenance and reconciling subsidiary ledgers to meet standard requirements,
- Audit preparation to ensure clean and timely year end audit.
- Assist in development and implementation of new procedures to enhance the workflow of the department processes
- Collaborate with the other finance department managers to support overall department goals,
- Responds to inquiries from the Director of Finance, Controller, and other finance and firm wide managers regarding financial results, special reporting requests and the like.
- Supports budget and forecasting activities.
- Preparation and accurate recording of transactions,
- Gathering of necessary data to book monthly & yearend accruals,
- Transactions' verification to ensure accuracy,
- Analyzing cash flow, advances to suppliers, prepaid exp., purchase cards etc...)
- Examination of all important agreements with third parties,
- Participating in monthly meeting of finance team to review results to highlight areas of business requiring attention & action.
- Provide training to new and existing staff as needed
- Creating of a complete & comprehensive registry of vendors,
- Monthly analysis of accounts payable aging reports,
- Continuous verification of invoices to ensure accurate booking of liability,
- Daily follow-up to ensure accurate & timely releasing of payments to vendors,
- Receiving of invoices from vendors to ensure compatibility with procurement procedures,
- Creating a registry of agreements /contracts with vendors & matching the same with M&C data,
- Sending the invoices to end users to obtain the necessary approval before releasing the payments,
- Follow up with QF departments & centers to ensure adherence to procure-to-pay procedures,
- Circularization of financial statements to centers and obtaining confirmation of balances,
- Coordinating with budget & various departments to control variances
- Interact with internal & external auditors & participating on audit related projects,
- Cleansing of wrongly booked liabilities to maintain accurate records,
- Maintaining a follow-up master file of advances paid to suppliers,
- providing the necessary information required by end users in relation to various financial procedures,
- Maintain an accurate set of books by ensuring that all entries, financial transactions, pre-payments, accruals, assets, liabilities and income are correctly recorded on day to day basis,
- Preparation of monthly TB, P&L and Cash flow statements,
- Preparation of yearend financial statements & balance sheet
- Assist in the formulation of the department’s budget in compliance with budget guidelines,
- Monitor expenditures to assure that each department remains within the budget,
- Advise department heads and managers on the use and source of funds.
- Supervise the departmental accounting function and coordinates the completion of periodic financial statements and record keeping.
- Perform cash management function by reconciling cash and investments,
- Cash balances confirmation, aging analysis of receivables, fixed assets registry analysis, accounts payables aging analysis
- Prepare rates for services performed by department or assembles rate schedules,
- Physical verification of inventory by forming inventory count groups on a quarterly basis,
- Preparation of records & documentations as required by internal & external auditors,
- Advise on accounting problems and assists subordinate employees with work.
- Developing basic knowledge of the clients’ industry to discuss audit issues with the clients,
- Financial analysis & auditing of the statements provided by the clients,
- Auditing of various operational cycles within the organization,
- Verification of the records and documentations provided by the companies & comparing the results with the data obtained externally and the market trends & ratios,
- Adjusting the income statements as per the regulations of Income Tax Law,
- Calculation of the taxable income and forwarding the same for collection,
- Preparing and clearance of Income Tax deceleration,
- Preparing & entry of transactions,
- Preparing monthly financial reports
- Assist in accumulation and applying overhead costs
- Assist in reporting on breakeven points by products and factory
- Validate the cost of goods sold as part of the month-end close,
- Coordinate physical inventory counts
- Monitoring income and expenditure versus budget,
- Ensuring smooth flow of operational accounting (LPO, payments, etc,
- Payroll preparation & review,
- Verifying invoices and ensuring fixed assets register is accurately generated
- Follow up and ensure timely receipt of all sales,
- Interacting with internal & external auditors
Significant Coursework: Management, Marketing, Organizational & Consumer Behavior, Marketing Research, Managerial Decision Making, ,Human resources & Industrial relations.
Significant Coursework: Accountancy , Advanced Accountancy , Cost & Management Accounts , Auditing , Statistics , Commercial Practice , Economics