Accountant Supervisor
Essa Hussain Al Yousifi Real Estate
Total years of experience :23 years, 3 Months
Monthly reporting, prepare Profit & Loss Account.
Responsible for Inter Company Reconciliation with Group Companies.
Monthly Accounts Closing.
Handling of VAT implementation and developing overall governance and compliance framework, contracts review and VAT transaction mapping.
Booking the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions
Seek out methods for minimizing financial risk to the company
Present financial reports to board members, stakeholders, executives, and clients in formal meetings
Producing financial reports related to budgets, account payables, account receivables, expenses etc.
Perform a variety of advanced financial analyses to determine present and forecasted financial health of the company
Support in developing a Cost Reduction Strategy while implementing international best practices
Banking experience specially in fund & facility management along with handling bankers and developing relations
Prepare Monthly Receivable Overdue Report and send to management.
Preparing Monthly Collection Reports and send to management.
Manages the preparation of and gives approvals on accurate tenant billings.
Check & Follow-up for overdue Receivable status with Collection Department.
Create New / Renew / Terminate Rental Contracts in System with complete outstanding checking.
Checking Earned / Un Earned Rental Revenue month basis of all Inventory.
Preparation of legal documents and all supporting detail for commencement of recovery proceeding in court in coordination with Advocate
Checking / Booking all Payable Invoices and book in system and disburse Payment.
Oversee monthly Expense Analysis Report and share with the management.
Attend Internal & External Audit and fulfill their requirement
General Ledger:
Preparation of Consolidated and Projectwise Financial Statements (Month-end, quarter-end and year-end)
Quarterly Balance Sheet, Income Statement & Variance Analysis with Budget.
Responsible for reconciliation of intercompany Loans, Advances, Sales and other downstream, upstream, and lateral transactions including foreign currency accounting (UAE, KSA & QATAR)
Full management of the chart of accounts, general ledger structure and segments etc.
Handle Fixed Asset full cycle - capitalization, depreciation run and disposal.
Ensure an accurate and timely monthly, quarterly and year end close in system.
Maintain Accrual & Provision Accounts schedule & ledgers.
Member of the Committee responsible for CAPEX Forecast and annual Budget Report.
Assist CFO for Annual Budget preparation.
Perform other relevant duties as and when assigned by the Chief Financial Officer.
Attend internal & external Audit.
Account Payable:
Control payable sector activities i.e. invoice booking and disbursement of payment.
Prepare month-end accounts reconciliations (primarily cash, accrual and prepaid accounts).
Prepare and post month-end accrual and prepaid entries.
Review invoices to ensure that all the information appearing on them is accurate and complete.
Verify that payable transactions comply with financial policies, procedures & VAT.
Maintain listing of accounts payable.
Reconcile vendor statements, research and make corrections of discrepancies.
Responsible for preparation of Project profit recognition of off plan sales for residential and commercial towers (AED Billion).
Project opening, costing, tracking and financial closure.
Investigate project variances and submit variance reports to management
Provide oversight and guidance throughout the cash flow life cycle of contracts, identifying key issues, problems areas and recommendations for resolution
Coordinate all financial activities between the project/contract and the Accounting Department.
Checking of all Construction claim, Advance adjustment, Work done, Variation and Retention calculation.
Construciton claim send to bank for approval and disburse from Escrow Account.
Handling Project Bank Guarantees and realse upon completion.
Attend External Audit for Escrow Audit.
Treasury:
Monitoring daily cash flows.
Controlling all interfaces with operation systems and banking, reconciling bank accounts, managing money transmission systems.
Preparation of Cash Flow projections, Periodical Cash Flows.
Managing the relationship with the Legion’s bankers.
Managing short term fund investment and recording of long term investment.
Responsible for monthly closing of treasury i.e. accrual of loan, financial expenses booking etc.
Preparation and monitoring of schedules for bank loans and interest, loan from shareholders and yearly rollover.
Managing of bank loan Principal Loan Payment, Profit Payment.
• During work at Axiom my responsibilities were:
o Maintaining Books of Account.
o Maintain Trade accounts of Debtors, Creditors.
o Reconcile all accounts including cash and bankbooks.
o Control the Company Receivable Section, maintain ageing report, receivable report, follow up etc.
o Maintain company audit books and prepare fixed assets, depreciation, parties, profit analysis, staff cost for internal and external audit.
o Reconcile all Inter Companies accounts local and foreign.
o Prepare Receivable ageing list.
o Monthly income (Rebate) booking and report to management.
o Party, rebates quarterly schedules making and report to management.
o Checking all parties account, bank reclamation reports from other department and maintain for audit purpose.
o Inventory control, pass adjustment and maintain record.
• During work at Axiom my responsibilities were:
o Closing of monthly disbursement accounts finance point of view.
o Booking of monthly rebate with job casting and closing.
o Checking of container detention charges of the lines (Monthly basis).
o Checking of Shipping Disbursement Accounts monthly basis (Accounts).
o Checking and closing vessel accounts.
o Monthly income closing & reporting to management
o Analysis of Variances & financial ratios of GAC Logistics (Pvt) Ltd.
o Co-ordinate with tax consultant, Auditors in conducting the Annual Audit.
o Responsible for Trade accounts of Debtors, Creditors.
o Preparation of monthly GST returns & maintains records of Sales Tax including GST Reconciliation.
o Supervision of reporting of quarterly and annually statement U/s 165 Income Tax Ordinance 2001.
o Filling of Annual Return and Advance Tax u/s 147(Quarterly).
o Supervision of reconciliation of all accounts including cash and bankbooks.
o Supervision of Petty Cash Distribution, Invoicing & vouchering.
Maintaining bookkeeping and accountancy system. (General Ledger & Cashbooks).
Preparation of Trial Balance and also assistance for preparation of Financial Statement.
Preparation of Salaries/wages of employees and also maintain employees loan, Advance Expense & salary accounts.
Preparation of quarterly and annually statement U/s 165 Income Tax Ordinance 2001.
Maintain Petty Cash book and bank reconciliation
MAJOR SUBJECTS: ACCOUNTS, AUDITING, ECONOMICS AND COMMERCIAL GEOGRAPHY.