Senior Accountant
Awfaz Global School
Total years of experience :10 years, 10 Months
- Preparation of monthly financial statements in accordance with applicable standards, key competence in reviewing and identification of concerning issues and highlighting it to top management on a timely manner
-Perform monthly closing, year-end closing entries and directly supervise the financial statement closing process under strict deadlines
-Managed accounts payable, accounts receivables, daily invoicing and general ledger transactions on a daily basis
-Control company expenditure by implementing established policies
-Provide assistance and cooperation to internal and external auditors by providing required information and liaising with auditors on audit procedures and answering to the queries raised during and throughout the audit
-Manage the cash position of the company by preparing forecasted cash flow statements for each bank and handle daily receipts, payments, and fund transfers along with loan and lease settlements accordingly
-Responsible for capitalization of assets, review of fixed asset register and verification of depreciation schedule on a periodical basis.
-Supported in successful migration from basic accounting software to Quickbooks.
Handling Purchase and Accounts Payable
• Charge purchase items to inventory or expenses and relevant cost centers by analyzing invoices, purchase orders, contracts etc.
• Pay vendors by monitoring payment terms and the company’s cash position, resolving purchase order issues, contract, invoice or payment discrepancies and ensure proper documentation
• Ensure proper documentation and records management relating to the AP function in accordance with best practices and company policies.
• Verify supplier accounts by reconciling against suppliers’ statement of accounts.
• Generate and consolidate monthly ageing reports of multiple subsidiaries of holding companies
• Reconcile the accounts payable ledger to ensure that all purchase invoices, credit notes & payments are accounted for and properly posted
• Managed accounts payable, accounts receivables, daily invoicing and general ledger transactions daily
• Manage cash position of the company
• Provide assistance and cooperation to internal and external auditors by providing required information and liaising with auditors on audit procedures and answering to the queries raised during and throughout the audit
Consultancy Function (Business Plans, Feasibility Studies & Procedure Manual)
• Provide inputs for strategic planning on business plan especially in the areas of
finance.
• Prepare financial projections based on assumptions
• Carry out financial sensitivity analysis for business plans and feasibility studies.
• Carry out primary research (Questionnaires, Surveys etc.) on small scale businesses
to provide strategic inputs to NGOs.
• Preparing and submitting proposal for consultancy assignments
• Carried out assignments on maintaining monthly management accounts and payroll
• Manage the cash position of the company by preparing forecasted cash flow
statements for each bank and handle daily receipts, payments, and fund transfers
• Manage funds in different bank accounts based on the forecasted requirement
• Maintaining relationships and Liaising with banks and factoring institutions
• Highlighting to the management shortages and surplus on the cash position
• Preparing monthly bank reconciliation
• Passing the related accounting entries
Payroll, Salary entries and Monthly Adjustments
• Checking monthly payroll, Processing of monthly payroll posting all entries related
to payroll
• Posting of provisions (EOS, Air fare, leave salary etc.)
• Checking the status of staff loans and advances and posting related entries
-Maintaining double entry book keeping
-Maintaining leave files and preparation of payroll
-Managing petty cash transactions
-Preparing weekly sales analysis
-Liaising with banks and factoring institutions
-Handling customer inquiries and orders
-Data entry in in-built debtor, payroll & banking software packages
Enterprise Strategy Financial Strategy Performance Strategy Case Studies