Senior Accountant
Tilad investment company Ltd
مجموع سنوات الخبرة :11 years, 11 أشهر
Managing a portfolio of multiple entities at Tilad Investment Company Limited (a multi-family office) in DIFC regulated by Dubai Financial Services Authority (DFSA).
Key achievements;
1. Developed and implemented an in-house accounting system which helped the company to reduce its outsourcing cost.
2. Keeping strong control and up to date accounting records helped reducing VAT consultant's extra cost by avoiding delays.
Funds related responsibilities;
Assisting in timely preparation of the month-end close accounting work papers including account reconciliation, analysis, investment reporting, supporting analysis and preparation of quarterly investor and regulatory reporting.
Assisting finance manger with the preparation of information and data for capital calls, distributions, and allocations to investors.
Maintaining investor information in FIS system, and tracking portfolio companies financing.
General responsibilities;
Performance improvement check of various technical duties across the entire accounting cycle from the preparation of journal entries to the compilation of trial balance and thereon financial statements on a monthly, quarterly and yearly basis in accordance with LUX GAAP & IFRS.
Preparation and management of documents in line with VAT regulations & to meet deadlines for monthly and annual VAT return filing for the UK, German & Luxembourg VAT.
Coordination with external auditors to ensure that they have appropriate access to information and people within the organization to meet the auditing deadlines.
Ensuring compliance with tax (CIT and NWT).
Internal processes improvements.
Ensuring that all accounting records comply with statutory requirements.
Preparing quality and focused analytical reviews that support the financial reporting of the company.
End to end processing of company payrolls, calculations and finalization of employees benefits gratuity, leave encashment and bonuses.
Analyzing billing variances and investigating significant discrepancies.
Taking the lead role in all financial planning activities.
Preparing monthly and quarterly P&L and Balance Sheet reporting including commentary on all material variances.
Dealing with any queries from the auditors.
Having regular interactions with senior financial officer across the company.
Ensuring that all accountings records comply with company and statutory requirements.
Maintaining balance sheet sub-ledgers and performing any monthly reconciliations.
Handling and control over payables to make and prepares payments by verifying documentation, and requesting disbursements.
Checking and reconciling financial discrepancies by collecting and analyzing account information to make information more reliable and worthy.
Providing expert top level accounting advice to work colleagues.
Implementing necessary changes required in finance operations across the company.
Summarization of current financial status by collecting information; preparing balance sheet, profit and loss statement, and to give analysis on reports.
Maintain & Monitor clearing accounts to ensure appropriate Journal entries are made prior to preparation of Financials.
>Maintains accounting records by making copies; filing documents.
>Reconciles bank statements by comparing statements with general ledger.
>Maintains accounting databases by entering data into the computer; processing backups.
>Provide financial information for business analysis and auditing when needed.
>Verify financial statements, ledgers and accounts for errors and make appropriate corrections.
>Prepare and submit expense reports to management for approval
>Updates job knowledge by participating in educational opportunities.
>Accomplishes accounting and organization mission by completing related results as needed
Performed and submitted research project (Dissertation) on “The Earthquakes in Japan and their impact on Automobile industry with respect to economy of Pakistan.