Chief Accountant
Orientals Enterprises
Total years of experience :18 years, 5 Months
Annual and Interim Financial Report: responsible for preparation and review of closing of annual and quarterly standalone and combined financial statements accordance with IFRS for parents and statutory purpose.
Project Cost and Revenue: monitor records of revenue and cost, project cost forecast, cost tracking, monitor and controls and Recognition of contract revenue and expenditure as part of the month/year end close. Issue project cost reports for review and management approval.
Payroll: Ensuring accuracy of monthly payroll reports, spreadsheet and payroll distribution on time. Pass related entries in books of account.
Accounts Payable & Receivable: Manages AP&AR. Includes, Customer Vendor Relations, and review and approve invoices for recording and payment, resolve the invoice discrepancies, reconciliation of A/c statement, review the payment voucher and issue the cheques according to payment schedule, monitor monthly receivable payable ageing reports. Make sure the agreement and contract with clients and sub contractors and vendors to safeguards the company interest.
Daily Operation: Responsible for day to day finance and accounts operation, review and approve Petty Cash, Bank Payments, Purchase Invoice, Journal entries and sub contractors payment certificates. Monitor general ledger, co-ordinate and supervise the accounting team to complete assigned accounting tasks within deadlines. Cementing working relationships with Company’s customers, suppliers, banks, auditors and insurance brokers etc.
Bank: Monitor Online Banking on daily basis and pass related entries, Preparation of Bank Reconciliation Statement. Liaising with bank relationship managers with various issues related guarantee and Letter of Credit and banking facilities. Ensure re-payment of long-term and short term loan on time and safeguard the company interest with banking transaction and facilities.
Accounts Assistance: Provides accounting assistance to project managers and operations staff; responds to financial questions/concerns to meet business needs.
ERP Administration : Responsible for ensuring the reliable performance of ERP systems to meet business reports and internal control, Supported and consulted in implementation and design of ERP systems and applications, Trains and evaluates employees to enhance their performance development and working in ERP software.
Internal Control: developed and maintain internal control and effective accounting system and policies. Developing &implementing processes and sound finance practices across the business in support to organisations goals towards maximise the revenue and reduce costs.
Fixed Assets: create and review system of controls, procedures and policies for the fixed assets purchase and records. Monitor the tracking of fixed assets movement. Review and update the details schedule of fixed assets and accumulated depreciation. Conduct periodic physical inventory count of fixed assets, assist the auditors in their FA related enquires.
Management Reports: perform Cash flow forecasting, budgeting submit monthly AP & AR ageing reports. Work closely with project managers analysing margins, variance and cost analysis.
Financial year Closing: Prepare fiscal-year closing procedure check list and ensure that all financial activity and provisions and accruals for the year is accurately recorded in accounts prior to closing the account, and ensure balance confirmation of AR/AP and prepare Year-end financial report and assisting with period end audit and external review and inspections.
Other duties as assigned by the management team.
Successfully handled activities related to:
Payroll: supervision of payroll clerk and execution of payroll as per WPS by U.A.E labour law. (More than 700 Employees).
Job costing: Job costing for each projects and tracking all the direct and indirect costs related to projects.
Accounts Payable&Receivable: Handled all activities in accounts payable and receivable (Ie; Supplier and Sub-contractors and client dealings, payable and receivable tracking, prepared payment schedule and ensured timely payments of vendor invoices, Responsible for negotiating past due accounts, reconciliation of statement and ensure all the invoices registered on time.)
Employee’s Benefits: Preparation of employees’ leave benefits and EOSB as per U.A.E Labour Law.
Bank: Monitor Online Banking on daily basis and pass related entries, Preparation of Bank Reconciliation Statement, liaise with bank whenever required.
General: Handling General Ledger including Journal Entry Book keeping, Monthly/Quarterly closing of books and related accruals.
MIS: Preparation of Annual and rolling budget, Cash flow, bank reconciliation, P&L, Balance Sheet etc. And assist Finance controller in statutory audit and preparation of financial statement.
H.R.&Admin: provided various administration and H.R related support to administration department.
Other duties as assigned by the finance manager and management.