Group Chief Accountant
Abu Dhabi Supplies & Commercial Services
Total years of experience :12 years, 8 Months
• Establish financial status by developing and implementing systems for collecting, analyzing, verifying, and reporting financial information, and managing accounting staff.
• Achieve accounting operational objectives by contributing accounting information and recommendations to strategic plans and reviews; preparing and completing action plans; resolving problems; identifying trends; determining system improvements; and implementing change.
• Manage and oversee the daily operations of the accounting department including accounts payable/ receivable, cash receipts, general ledger, payroll and utilities, treasury, cash forecasting, capital assets reconciliations, trust account statement reconciliations, check runs, fixed asset activity, debt activity, etc.
• Perform quarterly and year-end financial audit activities and the annual corporate financial audit.
• Meet accounting financial objectives by forecasting requirements, preparing an annual budget, scheduling expenditures, analyzing variances, and initiating corrective actions.
• Confirm financial status by monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data; and preparing special reports.
• Perform ad hoc analysis and projects as requested.
• Maintain accounting controls by establishing a chart of accounts and defining accounting policies and procedures.
• Maintain financial security by establishing internal controls.
• Avoid legal challenges by understanding current and proposed legislation, enforcing accounting regulations, and recommending new procedures.
• Protect the organization’s value by keeping information confidential.
• Ensure timely and accurate reporting to management as requested.
• Forecasting project wise cash flows for Pre financed projects and Bank facilities.
• Responsible for ensuring smooth auditing (internal/external/government) process through coordination with auditors & resolutions of issues identifying them, assessing & evaluating risk factors, and implementing internal controls processes thereby, ensure full compliance to corporate guidelines & compliance to regulations.
• Maintain and regularly update projects related insurance as and when required. Responsible for providing the best coverage balances with cost. This mainly includes Fleet, Money, Fidelity, Contract All Risk, Workmen Compensation, Property All Risk, etc. ensuring settlement of claims and payments in time to avoid any legal complications.
• Shouldering the responsibility of managing the Bank Guarantees & Letter of Credit process to ensure that all information in the Letter of Credit is accurate to ensure no delays or fines are incurred.
• Monthly VAT Reporting and Completion of the Govt statistics survey quarterly and Annual.
• Setting the KPI for each team member towards the achievement of their set goals and objectives.
• Planning and executing monthly/quarterly/annual closure schedules; providing monthly financial statements; administering the monthly closing process.
• Managing finance & accounting functions involving implementation of financial objectives; designing & implementing systems and executing policies & procedures to facilitate internal control.
• Maintaining general ledger accounts by creating journal entries; reconciling accounts receivable; preparing monthly accruals and entries; analyzing and reconciling accounts payable ledgers; preparing fixed asset depreciation and accruals
• Summarizing current financial status by collecting information; preparing the balance sheet, profit and loss statement, and other reports.
• Helping Chief Accountant in the preparation of annual budgets & monthly forecasts.
• Formulating MIS reports to provide feedback to top management on financial performance viz. analysis of profit, cost, material consumption, fund management, inventory, and overheads.
• Accountable for working on:
• Various day today accounting functions included, initiating invoices, controlled credits, managed of accounts payable/ receivables, worked on reconciliation of accounts with the suppliers& clients.
• Quarterly & annual closing of accounts supervised quarterly reviews & revisions and handled various monthly financial MIS and product-wise variance analysis.
• Scrutiny of transactions to ensure the correctness of accounts and authentication.
• Involved in collecting &collating valuable inputs, conducting internal audits & shared values with the management for taking corrective actions thereby, avoid the recurrence of errors.
• Ensured smooth organizational functioning; planned& monitored the financial needs through cash flow/fund flow statements and timely action is taken to mobilize the funds
• Ensure timely preparation and communication of periodic financial reports.
• Monitor the day-to-day cash needs of the company.
• Functions associated with monthly, quarterly, and yearly financial closing.
• Conducted financial analysis and reporting activities for the organization. Prepared finance reports and account reconciliation reports according to company policies on a periodic basis.
• Preparing schedules for audit /statutory requirement
• Manage financial reporting processes, monitor progress against budget and carry out periodic reviews, performance and valuation of assets and report findings.
• Monthly Staff Cost Calculations (payroll, provision for leave salary, gratuity & provisions to pension fund).
• Prepare Payment voucher, Journal voucher, credit voucher, debit voucher
• Reconciled monthly general ledger balance, invoices, and credit card statements. Maintained all financial records and files as per company policies.
• Develop treasury management strategies and cash reporting mechanisms including daily and cash in transit reporting to ensure adequate liquidity.
CA (UAE)
ACCA (UK)