VAT Accountant
Jumeirah Golf Estates
Total des années d'expérience :9 years, 5 Mois
• Ensuring the accuracy & eligibility of recorded Input / Output VAT, Filing of VAT Returns & fulfilling requirements of Federal Tax Authority (FTA) for timely VAT Refunds.
• Managing VAT Implementation, assessing VAT laws and their impact on the performance of the entity as well as on the daily cash flows of organizations. Preparing the records required as per VAT Laws & Regulations as well as by the FTA.
• Providing training & creating awareness in the entity regarding VAT laws & regulations.
• Performing analytical reviews, account reconciliation and other reports requested by management.
• Providing necessary information to the External as well Tax Auditors during audits.
• Ensuring continuous improvement in the tax accounting & reporting process.
• Monthly closing, management reporting & ensuring smooth operations of accounting functions and assisting in implementation of new regulations.
• Direct overall management and maintenance of financial database, records and monthly as well as annual Accounts Finalization in the ERP Software FMIS (Finance Management Integrated System).
• Pilot development and implementation of Databases in FMIS related to Own Branches, Vendors, Contractors, Stocks & Contracts etc.
• Creation, handling and maintenance of Accounts Payable & Payments for Purchases/Transactions made on behalf of/for Head office, Middle east or other Branches/Related parties operating in the region. Furthermore, Preparation of intercompany settlements & transactions along with relevant disclosures as per applicable IFRS.
• Scrutinize and approve Accounts Payable, Accounts Receivable, Payments & Taxation (VAT) aspects of Payables & Receivables related to different EPC Projects in accordance with their contractual terms.
• Key member of VAT implementation team as well as conducting full monitoring and verification of VAT invoices, VAT payables & receivables, payments, expenditures; evaluate all vouchers and examine data entries recording in their respective ledgers to ensure true and objective view of the financial performance of the entity.
• Pre auditing all contractual payments, purchase orders and reimbursements in line with prescribed terms & conditions and prevailing company policies. Performing AP Aging analyses and follow up for the items requiring attention.
• Close coordination with Procurement, Project Planning & Control, Engineering & Cost Control Departments to resolve any issue arising in Accounts Payable or Receivable as well assisting Procurement with up to date information regarding AP.
• Allocating cost for different EPC Projects & cost centers, creating accruals, prepaid schedules, amortization & depreciation schedules as well as other period closing entries and accounting treatments.
• Maintaining strict control over petty cash disbursements, reimbursements, expense claims and ensuring that expenses incurred are exclusively for business purpose.
• Streamline coordination and assist for the fulfilling of requirements of Statutory external, internal and other regulatory & compliance auditors.
• Ensure compliance with applicable IFRS, Auditing standards and local laws & regulations.
• Ensure adequate internal controls over business transactions and general as well as application environment and striving for continuous improvements to the policies, procedures & internal controls.
• Periodic risk assessment related to the major business areas as well as financial and operational systems.
• Served as key contributor to various assignments in the Audit & Assurance Division, Taxation, Internal Audits and Internal Control Evaluations.
• Fostered strong professional relationships with a broad base of clientele in various industries; assignments consisted on full scope audits, limited reviews, agreed upon assurance procedures and special assignments in accordance with the regulatory requirements; sectors of focus ranged from manufacturing industry to services organizations. The assignments included:
o Full scope Assurance Audits
o Internal Audits
o Internal Controls on Financial Reporting (ICFR)
o Preparation of Accounting and Procedural manuals.
o Special Purpose Assignments (Inventory Verification, Stock Evaluations and Performance Reviews)
o Management consultancy (Working Capital Management, Product Costing, Product Pricing)
o Review annual income tax returns to be filed under normal and presumptive tax regimes
o Review of monthly sales tax returns filed with the underlying record
o VAT Accounting, VAT Implementation and Book keeping Assignments
o Preparation of Feasibility Study reports and Projected Financial Statements.
MBA-Executive
Certified Internal Auditor (CIA)
Certified Financial Accountant (CFAc)
C.A Inter
Won Quaid-E-Azam Talent Scholarship
