Chief Accountant
Tamouh Investments
Total des années d'expérience :20 years, 0 Mois
To handle full spectrum of Financial and Cost Accounting role which includes but not limited to Budgeting, Forecasting, Project Accounting, AP, AR, Cost & Revenues, Banks, Intercompany & Related party accounts, GL, Financial Analysis and Reporting with the assistance of four direct reporting staff.
Beside the supervisory role, The ‘Project Costing/Accounting’ function still remains my primary responsibility as assigned by the management considering its critical nature and non-availability of proper backup staff.
The overall roll is to plan, monitor & control project cost and prepare management accounts to support the management in strategic planning and achieving organizational strategic goals through preparing feasibility studies, assessing and evaluating financial performance, proposing ways to increase profitability, managing budgets, cost, WIP and cash flows.
• To prepare management reports, perform financial analysis and highlight relevant issues with proposed solutions to the management.
• To prepare financial statements, consolidated reports, reconciliations, cash flow projections, budgets and forecasting reports.
• To prepare various project analytical reports such as Project Feasibility & Profitability Studies, budget Vs. Actual Cost, Actual Vs Plan & Forecast for the period, Cost Value Comparison reports, Plan vs. Actual revenue collections e.t.c.
• To manage work in progress (DWIP & CWIP) accounts for assets under construction (AED: 6 billion plus presently) and ensure proper cost allocation and accurate cost capitalization at units level of WIP.
• To assess, allocate & capitalize the borrowing cost to WIP.
• To review & verify payment certificates, RFA’s and cost claims for all projects to ensure budgetary controls and proper allocation of actual cost.
• To perform Impairment studies for WIP and propose provision if necessary.
• To review performance against budgets and prepare variance analysis.
• To prepare, consolidate and control budgets, and also perform periodical reviews.
• To perform ad-hoc tasks as assigned from time to time in terms of financial analysis to support management decision making process.
• Liaise with external & internal auditors on accounting procedures and records.
The overall role was to ensure prompt availability of accurate, reliable and timely information through efficient information systems, to support the management in decision making process and achieving the organization's strategic goals.
• To prepare monthly MIS Reports by consolidating the information received from DAS and subsidiaries. (i.e. Financial Statements, Variance Analysis, Portfolio & KPI’s Analysis, HR & Admin Reports and Project Status Reports….. etc.)
• To minimize the communication gap between the management of subsidiaries and top level management in DAS. Coordinate with subsidiaries to gather basic data & information for further analysis, consolidation and reporting to DAS management.
• To prepare ad-hoc reports and various analyses in types and formats required for conferences, feasibility studies, market meetings and decision making purposes.
• To provide the analytical framework & methodology necessary to analyze, design, implement, and manage computer based Information systems.
• To provide informational support for Intranet Portal and websites of DAS.
• To work closely with Business Excellence Division to support in setting of policies & procedures and writing of quality award submission documents.
• To prepare, process and properly allocate the ‘Salary & Commission’ cost of all bank outsourced staff (1700+ staff)
• To review & process ‘Expense Claims’ from all staff in Retail Banking Group (RBG). And also perform various staff cost analysis & KPI’s analysis.
• To coordinate with outsourcing agencies for all staff related issues and visa processing.
The overall responsibility was to accurately record, monitor and report on project cost related matters to Chief Cost Controller & Commercial Manager.
• To prepare and control yearly budget for construction project.
• To monitor the recording of actual cost incurred and ensure proper allocation of cost & resources in ERP (J.D. Edwards)
• To prepare Variance Analysis Report of actual results versus planes and forecast with analysis and commentary on variances during the period and Monthly Cost Value Comparison Report to calculate profit or loss during the period.
• To prepare cost claims for delay events and on hold works. And also prepare ‘Cost to Completion Report’ quarterly and monthly cash flow.
• To assist Chief Estimator in pre tender estimation works when and as required.
• To prepare Final Accounts at the completion of project.
Post graduate Diploma in Cost and Management Accounting.
Bachelor in Commerce (B-COM)