Senior Accountant cum Financial Executive
Mahmood Saeed Perfumes & Household Est
Total years of experience :21 years, 3 Months
Duties & Responsibilities:
1 - Assist in ensuring general policies, procedures and best practices governing the overall credit and accounts receivable operations of the wholesale section are implemented accurately and on time.
2 - Promptly solve problems with respect to established policies, billing, procedures, contractual agreements, and licensing practices.
3 - Ensure the timely collection of cash receipts from customers.
4 - Implement process changes when necessary and assist in establishing best practices to improve current AR processes and practices.
5 - Review AR reserve reports to ensure reserve compliance and prepare analysis and reconciliations of accounts as required.
6 - Implement billing system tools to ensure proper payment and resolve pricing or payment issues and improve collection ratios.
7 - Minimize bad debt write-offs in accordance with AR Securitization and developing knowledge of customer base to safeguard timeliness of payment as well as overall payment risk.
8 - Review refund check requests, ensuring that refunds are appropriate and the appropriate internal controls are in place.
9 - Run credit checks on customers, approve credit applications and assign credit limits for the customers including preparing reports on credit ratings on customers.
10 - Participate in the financial statement close and manage the process of meeting the deadlines for certain billing related areas
11 - Respond to customers’, partners’ and sales’ questions, resolving problems and reconciling discrepancies in order to expedite collections
12 - Establish and maintain reporting metrics and report cards to identify key sources of errors and areas where the process can be improved. Share metrics with management to increase awareness, productivity and drive improvements
13 - Perform other duties related to the job as assigned by the Direct Manager.
Monitoring and checking of all the accounting entries and ensure that it is posted to the proper accounts.
Reconciliation of balance sheet accounts.
Reconciliation of all local & foreign supplier accounts.
Maintaining Asset Register and ensure that every addition and disposal of assets are properly done.
Calculating the depreciation as per the company policy.
Preparation of Leave & Indemnity statements on monthly basis.
Preparation of various types of Letter of Credits and communicating between banks and suppliers.
Preparation of monthly financial reports (Income Statement, Statement of Financial Position, Cash flow statement) and reporting to the Finance Manager.
Preparation of Forecasted cash flow with the Finance Manager and preparing the payments as per the cash flow.
Preparation of unaudited annual financial reports prior to the audit.
Preparing the audit requirements and coordinating with the internal & external auditors.
Handling supplier payments.
Entering of Journal Entries - Payroll JV
Schedule all the Key controls in B-wise based on the Compliance schedule
Verify & Upload the documents for all Key Controls in B-wise for review
Balance sheet Account reconciliations
Verification of Petty cash
Performed basic accounting functions including payroll, billing, accounts payable, accounts receivable, general ledger, grants accounting, reimbursement requests, and revenue accounting. Supervise and control the customer accounting activities, prepare and maintain reports and statistics.
Performed reconciliation of all accounting transactions including bank transactions; prepare cash receipts vouchers and other journal entries, and make adjusting and closing entries; posting of general ledger accounts; help in maintaining expenditure and budgetary control accounts and records;
Assisted in collecting and reporting statistical and accounting data on direct, indirect, and general costs, revenues, and reimbursements.
Preparing the customer orders
Assisted and analyzing exact customer needs
Issue & receiving of the ordered quantity of goods & materials
Checking the stock, weekly & monthly reports
Inventory checking including the damage & reporting to the concerned manager.
I have done M.B.A Executive 2 years degree from VU (Specialization : Accounting & Finance)