Finance Executive
Agha Steel Industries
Total years of experience :12 years, 7 Months
My role and responsibilities, here as a Finance Executive are as follows:
• Preparation of Monthly Product Costing and Financial Statements of business unit ( Production of Gasses and Scrap Trading) and presenting to Top Management.
• Review of sales and receivables and coordination with marketing department regarding ageing reports and recovery status
• Follow up customers for collection and liaising for non-payments, delayed payments and other irregularities
• Liaison with banks for deposited Cheques and online transfers by customers
• Weekly customer reconciliation
• Monthly review of sales summary before submission of tax return for accuracy of sales quantity, amount, tax rates and sales tax and NTN numbers.
• Valuation of Closing Stock at each month
• Create and review data accumulation system and associated controls needed for cost accounting and reporting systems
• Verifying and ensuring accuracy Inventory Ledgers, related vouchers and all other expenses incurred are accurately posted into ERP.
• Assisting AM Costing and Financial Reporting Regarding preparation of monthly costing and Financial Statements
• Liaison with production department for any discrepancies
• Preparing Monthly import summary and Cost Report
• Calculating monthly depreciation as per company policy
• Tracking Expenditures to Fix Assets
• Reconciling fixed asset ledgers and identified discrepancies
• Monthly Verifying and ensuring accuracy of Cash/ Journal vouchers and all other expenses incurred are accurately posted into ERP.
• Preparation of daily MIS Process Sheet, Scrap Blend and wastage report for Valuation of Stock and Costing
• Preparing Journal vouchers for periodic adjustment (Depreciation, Finace cost, Accruals etc)
My Role and Responsibilities as an Accountant were
• Booking sale invoices,
• Booking receipts from customers into receivable ledger
• Assisted in rationalizing and implementing Receivable Management System, which helped to boost recoveries and cash flows from customer by 15%.
• Landed Cost and Supply Chain
• Compiling Landed Costs for LCs and bills of import (scrap and other materials/ machinery) and posting into Oracle based ERP for accurate material costing/ Valuation
• Coordinating with purchase (local/ foreign) and store departments regarding
• Status of and discrepancies in LCs and bills of import, verifying their particulars and investigate any discrepancies.
• Any discrepancies in quantities and rates of store and spares against supporting documents to ensure accuracy of stores consumption and its valuation
• Ensuring that all purchases have been accounted for and posted into ERP system.
• Monitoring inventory transactions
• Reconciling inventory accounts to the general ledger
• Preparation of daily Process Sheet, Scrap Blend and wastage report for Valuation of Stock
• Preparing monthly journal entries as needed
• Recording Fix Assets and Maintaining Fix Assets Register (FAR), its Tagging
• Record fixed asset acquisitions and dispositions in the accounting system
• Review of inter-group transactions, their recording and periodic reconciliation of inter-group balances.
• Verifying and ensuring accuracy of Cash/ Journal vouchers and all other expenses incurred are accurately posted into ERP.
As a Freelance Accountant, I have handled the complete accounting cycle, including opening, posting entries, closing of accounts for retail garments outlets. Calculated landed cost of imported garments, cost and profit margins and preparation and presentation of various accounting reports
My responsibilities were:
• Recording and summarizing financial data using journals and ledgers.
• Compiling financial accounting reports pertaining to such matters as cash receipts, expenditures, accounts payable and receivable, and profits and losses.
• Preparing trial balances of books.
