Assistant to Finance Manager
Gulf Coverage Insurance and Reinsurance Brokers
Total des années d'expérience :15 years, 6 Mois
• Verify, allocate, post and reconcile accounts payable and receivable b/w Insurance Co.’s & Client balances
• Spot errors and suggest ways to improve efficiency and spending
• Assist with annual audits and tax returns
• Follow up Client’s credit limits and timely payment to insurance Co.’s to avoid policies freeze.
• Prepares asset, liability, and capital account entries by compiling and analyzing account information.
• Reconciles financial discrepancies by collecting and analyzing account information
• Prepares payments by verifying documentation, and requesting disbursements.
• Maintains financial security by following internal controls.
• Contributes to team effort by accomplishing related results as needed.
• Avoiding freezing of policies by making Payment to Insurance Co. on behalf of Client’s payment
• Support month-end and year-end close process.
ACCOUNTING BY BRANCHES
• Prepared month-end reconciliation's, posted cash receipts and resolved collection issues
• Worked closely with upper management to research and resolve accounting issues.
• Updated and maintained Excel cash management and accounts receivable financial spreadsheets.
• Managed short-term investment maturity and maintained minimum daily cash balances (EMD).
• Performed regular follow-up with District and Accounts Payable Departments to verify receipt of customer refunds (VMPD).
• Reconciled monthly general ledger accounts
CASH & BANK
• Execute daily checking of reconciliation of Span, Master Card, Visa, Maestro with daily cash management
• Collection daily, bi-weekly and monthly of Cash and Span Machine avoid any cash discrepancies
• Collecting & research for Cash/Span collection for more than 100 branches.
• Bank Reconciliation and resolves discrepancies issues
ACCOUNTING FOR HOTELS
• Ensured daily posting of revenues and expenses to the appropriate books.
• Monitored accounts receivable, payable and budgets.
• Prepared payroll and terminal benefits of employment.
• Calculated month end journal entries for utilities expense and employee benefits allocation
• Discrepancies verified and reconciled.
• Reconcile monthly bank statements
• Analysis of Final Reports Monthly.
• Coordinate with Consolidation.
• Analysis & adjustments Cash Flow monthly, quarterly and yearly every branch
• Reconciliation of client’s statements for payments and receipts.
• Bank Reconciliation respectively on monthly basis.
• Closing by posting transactions & provisions entries monthly basis.
• Adjustments and error free client & Insurance statement by reconciling
• Cash Management and reimbursements.
• Coordination with Budgeting and consolidate for actual outcome
• Responsible for credit collection from customers and deposit into bank
• Make Payment for policies purchased from agents after every 15 days.
• Preparing Profit & Loss Statement, Balance Sheet, Cash Flow Statement yearly basis
• Follow up and recording clients and bank related transaction for reconciliation by project wise.
• Follow up with client’s payments, Labor monthly report and terminal benefits.
• Monthly material collection report and vendor payment credit basis
• Bank Reconciliation and adjusting balances.
• Daily Cash Management.
• Recording monthly income & expenses on monthly basis by project basis.
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