Finance & Payroll Team Leader
Kuwait Resources House (KRH)
Total des années d'expérience :16 years, 1 Mois
• Supervise and direct work flow of payroll team and ensure all the 9000+ employee wages, leaves and end of service dues are paid on the stipulated time in compliance of the Labor Law.
• Supervise payroll & finance in Kuwait, Saudi Arabia, UAE, Bahrain and Qatar as per respective Labor Law.
• Efficiently process and validate invoices, ensuring accuracy, completeness, and adherence to financial policies and contractual agreements.
• Collaborate with cross-functional teams, including Finance and Accounts Payable, to reconcile payroll-related expenses and resolve discrepancies.
• Generate financial reports and provide insights on labor costs, budgeting, and forecasting.
• Conduct cost booking activities, allocating expenses to appropriate accounts, cost centers, or projects, and ensuring accurate and timely reporting.
• Monitor and reconcile prepaid balances, ensuring proper accounting treatment and timely recognition of prepaid expenses.
• Continuously identify opportunities for process improvement and automation to enhance efficiency and accuracy in invoice validation and financial activities.
• Co-ordination with legal team for any financial matters having legal implications.
• Support audits by providing accurate payroll and financial records, answering inquiries, and facilitating required documentation.
• Monthly forecast for funds allocation between banks for all Project salaries to ensure smooth transfers before the deadline.
• System Used - SAP
• Create financial reports and supported all areas of responsibility within the finance team
• Perform process analysis, and communicated recommendations to
management.
• Process journal entries and perform corrections to ensure accurate records.
• Reconciliation of Accounts receivable, payable, inventory & Other accounts.
• Monthly cash flows, including debtor and creditor positions.
• • Monthly Profit and Loss, Balance Sheet.
• Ensure major creditor accounts are reconciled and that payment is made according to these reconciliations.
• Ensure payments are allocated in a timely manner to facilitate bank reconciliation.
• Monthly cash flows, including debtor and creditor positions.
• Ensure wages, salaries are all paid on time.
• Maintain annual leave and personal/carers leave records.
• Maintain a collection process to continually improve aged debtors.
• Maintain an on-going review of customer credit limits.
• Inventory control at project site & stores.
• Reconciliation of Accounts receivable, payable, inventory & Other accounts.
• Follow up with the Cashier regarding the payments of the suppliers
according to their payment terms.
• To follow up with the Supplier regarding cost reduction if any, in the form
of credit notes.
• Receive and verify invoices and requisitions for goods and services.
• Prepare manual cheques as and when required, log in and distribute pay cheques.
• Typing - Word skills for general preparation of letters/forms that the Group will issue, along with logging into the Group records.
• System Used - Oracle
• Worked as Customer Service Executive, where the main aim was sales.
• Sales - Have been selling credit cards over the phone.
• Convincing the customers about the product and the benefits from the product.
• Handling all the issues related to the credit cards from the client.
• Training the new employees which resulted in a good increase in their no. of sales and product knowledge.
• Floor supervising.
• Assisting colleagues about the product and improving their communication skills.
75% in the final year.
