Accountant
Qanawat FZ LLC
مجموع سنوات الخبرة :13 years, 3 أشهر
Qanawat is a leading mobile phone value added service (VAS) provider in MENA region and it’s have strong presence in the region along with overseas offices in Saudi Arabia, Egypt, and Morocco. It’s also have decades of experience in digital contents management.
In my current role, I am responsible for:
• Recording and issuing invoices to mobile operators after extracting / receiving the service usage reports.
• Analyzing the debtors ageing against the standard credit terms and preparing reports for management decisions.
• Reconciliation of payments received against invoices from mobile companies & doing effective resolution of disputes and recording receipt vouchers in software & matching it against CPs payables.
• Preparation of revenue analysis of different products based on region and sub companies of each region for management review / decision making.
• Assisting in preparation of monthly management accounts and annual financial statements. E.g. recording of sub offices (KSA, Egypt etc.) expenses, accruals & bank reconciliation.
• Coordinating with operational team to ensure the compliance with company agreements and timely resolving the issues of contents provider (CPs).
• Preparing and coordinating system modification reports with IT department to improve the controls and functions of the contents management software.
• Assisting the management in the preparation of budgets and computing budget variance on monthly basis & also analysing the basis of variance with close coordination of manager operations.
Thumbay Group, holds a diversified portfolio in healthcare (GMC Hospitals) education (Gulf Medical University) retail and hospitality sector. It’s a premier healthcare service provider in UAE.
In this group, initially I was responsible for hospital receivable and later on central accounts (GL) of university and my detailed responsibilities listed below:
• Recording consolidated daily collection in accounting software and preparing receipt vouchers and Journal vouchers for keeping up to date financials.
• Preparing monthly bank reconciliation (BRS) and intercompany accounts reconciliation.
• Preparing schedules of prepayments, accrued expenses, loan financing and recording the accruals / provisions on time.
• Reconciling all heads of accounts and performing month end closing procedures for the preparation of monthly management accounts
• Preparing the budget variance analysis and identifying the possible reasons of variance and trends.
• Preparing monthly receivable collection report and presenting it to management for performance review.
• Processing the minor payments to internal other departments e.g. transport, HR etc. and keeping the track of advance payments to staff / departments.
• Coordinating with the group central payable and payroll department for accurate and timely recordings of entries and ensuring compliance with the group standard procedures.
• Reconciliation of hospital receipts from corporate entities against invoices and doing effective resolution of disputes identified, in due course to prevent delayed payments.
• Preparation of monthly/quarterly/annual analytical analysis of all rejected medical claims / invoices based on their category to overcome errors and disagreements.
Pakistan Services Limited is a public listed company which owns and operates chain of 5-star Pearl-Continental (PC) hotels in Pakistan with a remarkable market share in hospitality industry of the country.
During my service with Pakistan Services Limited, I was mainly responsible for:
• Preparation and checking vouchers, transfer of funds vouchers, receipt vouchers, payment vouchers, interest received vouchers and Journal vouchers.
• Liaison with the banks in financial matters and preparation of monthly bank reconciliation statements.
• Preparation of quarterly, half yearly & annual financial statements of the company provident fund.
• Analyzing & dealing in Market Treasury Bills MTBs, Term Finance Certificates, Equity markets and maintaining provident fund portfolio of over (PKR) 600 million.
• Replies to queries made by the external Auditors at review and final audit of the annual accounts.
• Coordination with the banks to open LCs for the company import items and ensuring the timely shipment & clearance from custom.
• Coordinating and preparing the different management reports for the timely and accurate decision making e.g. receivables analysis etc.
• Participated in successful implementation of Oracle 9i for Provident fund of the company.
I have completed my CAT (Certified Accounting Technician) in June 2009 in a minimum possible time with an average 80% marks.