Accounts Payable (Agency services officer)
Takaful Emarat Insurance PSC
Total years of experience :16 years, 9 Months
Understands the relevant line of business and products and processes
• Understands the Commission Structures of various plans
• Able to scrutinize the commission structure and applicable rates and accounting entries generated in the various systems (business system, collection & commission system and oracle financial)
• Understands the legal environment and policy terms and conditions, confidentiality etc., affecting the commissions for compliance
• Prepares commissions to various Agent types and various lines of businesses under different plans
• Communicates with related inter-dependent departments and Agents/Brokers through email and phone.
• Coordinates with Finance for managing commission disbursements for smooth processing
• Coordinates with Medical Operations for premium allocations, certifications, etc., for smooth processing
• Handles query and complaints about related work and projects
• Ensures the periodic commission activity is up to date
Provide tax invoice documents to the brokers accordingly in order to fulfill their FTA requirements.
• Reconciles the commission for each broker/agent, client and policies and Finance
• Maintains records of Agents, Unit Managers and Corporate team in the system
• Supports any other duties as assigned by the Management
Using Quickbooks 2016 ERP software for Accounts.
Handling accounts up to finalization.
Preparing Financial Statements.
Responsible for Accounts Payable and Accounts Receivable.
Manage billing and collection.
Manage supplier relations and ensure payment before deadline.
Prepare the payroll and maintain records for employees.
Monitor cash flow.
Maintain bank records and reconciliations.
Prepare P&L project wise.
Liaison with auditors for the annual audit reports.
Managing Factory Works.
Purchasing Materials for Factory and Projects.
Project Administration.
Site Supervision as and when required.
Knowledge of all UAE laws and also acting as PRO of the Company.
• Using Oracle ERP systems for Accounting.
• Prepare monthly financial statements, reports and records by collecting, analyzing and summarizing account information.
• Responsible for general ledger.
• Fixed asset processing and reporting.
• Maintain bank accounts by requesting disbursements.
• Monitor reserve accounts and short-term fund investments.
• Review bank statements.
• Research and reconcile all discrepancies.
• Auditing and verifying documents.
• Following internal controls.
• Completing data backups.
• Financial and profitability analysis on a requested basis.
• Assist with annual external audit. Complete requested materials. Assist in preparing assigned schedules for the annual and interim audit.
• Receive and count working cash at beginning of shift.
• Identify customers, validate and cash checks.
• Accept cash and checks for deposit and check accuracy of deposit slip.
• Process cash withdrawals.
• Perform specialized tasks such as preparing cashier's checks, personal money orders, issuing traveler's checks and exchanging foreign currency.
• Perform services for customers such as ordering bank cards and checks.
• Receive and verify loan payments, mortgage payments and utility bill payments.
• Record all transactions promptly, accurately and in compliance with bank procedures.
• Answer inquiries regarding checking and savings accounts and other bank related products.
• Attempt to resolve issues and problems with customer's accounts.
• Initiate and open new accounts.
• Explain advice on and promote bank products and services to customers.
• Identify referral opportunities and make relevant referrals.
• Ensure compliance with all internal controls and established policies and procedures.
• Identifying opportunities in the Automotive market.
• Preparation of Sales Invoice.
• Keeping track of Inventory.
• Dealing with customers.
• Follow-up with clients.
• Manage the data for clients.
• Conduct meetings with clients.
• Answering the queries of the clients.
• Installing and configuring the software for clients.
• Handling Day to Day accounting Activities.
• Other relevant tasks of the job purpose when and if required.
Making around 100 calls to new and existing clients. Meetings with clients. Answering queries of clients. Keeping up to date to clients for the market conditions.
Department Of Presidents Affairs (Abu Dhabi Government) Dec '07- Aug '10
Designation: Accountant cum Purchasing Officer
• Obtain quotations and negotiate for the best price and prompt delivery
• Coordinate warranty claims and service requests
• Prepare the purchase order or service order
• Facilitate the accreditation of new suppliers
• Monitor and address supplier delivery performance.
• Incharge of 3 Stores.
• Purchase printing materials, electrical supplies, and electronic spare parts, Automobile spare parts, Tyres, Agriculture materials, Carpentry items, Aluminum items, Hardware items for different kinds of machinery.
• Prepare purchase orders
• Follow-up delivery of orders
• Coordinate service requests to suppliers
• Update and maintain records and files as necessary
• Review, verify and process accounts payable transactions
• Generate invoices and verify billing input
• Receive and process payments
• Follow up on collections
• Perform bank reconciliations
• Audit and enter employee expense reports
• Prepare and distribute monthly financial reports
• Verify and process timecards
• Calculate withholdings and prepare payroll checks
• Ensure compliance with internal controls
Miscellaneous Employment (Al Ain) Dec '04- Sep '07
• Worked as Hardware Engineer in Proxy Computer Trading Est., Alain, U.A.E.
• Worked as Hardware Engineer in BOOKSHOP LLC. Alain, U.A.E.
• Worked as Secretary in Al-Riaz Electromechanical Est., Alain, U.A.E.
Currently Part 2 is going on.
