Manager Accounts and finance
Al karam Paper Mills Pvt. Ltd
Total years of experience :19 years, 3 Months
• Establishes financial status by developing and implementing systems for collecting, analyzing, verifying, and reporting financial information, and managing accounting staff.
• Accomplishes accounting human resource objectives by recruiting, selecting, orienting, training, assigning, scheduling, coaching, counseling, and disciplining employees; communicating job expectations; planning, monitoring, appraising, and reviewing job contributions; planning and reviewing compensation actions; and enforcing policies and procedures.
• Achieves accounting operational objectives by contributing accounting information and recommendations to strategic plans and reviews; preparing and completing action plans; implementing production, productivity, quality, and customer-service standards; resolving problems; completing audits; identifying trends; determining system improvements; and implementing change.
• Meets accounting financial objectives by forecasting requirements, preparing an annual budget, scheduling expenditures, analyzing variances, and initiating corrective actions.
• Confirms financial status by monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data; and preparing special reports.
• Maintains accounting controls by establishing a chart of accounts and defining accounting policies and procedures.
• Guides other departments by researching and interpreting accounting policy and applying observations and recommendations to operational issues. Maintains financial security by establishing internal controls.
Asian Palace is a Group of four companies; Asian Palace Restaurant and Grand Party Halls Sharjah, Asian Palace Star Restaurant Sharjah, Asian Palace Sweets and Nuts Trading LLC Fujirah, Four Star Travels & Tourism LLC Dubai Benta Grand Hotel LLC Dubai
Responsibilities:
Accountant General
• Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information.
• Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies.
• Developing and managing financial systems/policies
• controlling income and expenditure
• Review Bank Statements and prepare periodic Bank Reconciliation Statements
• Handle full spectrum of financial and cost accounting role e.g. AR, AP, GL, forecasting, budgeting
• Responsible for day to day finance and accounts operations
• Perform full set of accounts and ensure timely closing of accounts.
• Perform project cost forecasts/budgets, cost tracking, monitoring and control.
• Review & approve payment vouchers & journal entries
• Perform cash flow forecasting, budgeting and working closely with the operations and project teams in analyzing margins, variances and cost analysis.
• Process vendor and supplier invoices, in a timely manner,
• Prepare cheques and process for payment on time.
• Managing inventory control specialists and other personnel by setting schedules, monitoring performance and conducting review
• Review inventory counts and balance accuracy
• Preparing and maintaining records of all inventory
• Develop and maintain internal control and effective accounting system and policies for the set up.
Cost Controller
• Prepare and analyze food and beverage costs on a weekly basis and recommend alternatives to improve costs.
• Assist in the monthly food and beverage inventories count and extension.
• Establish and maintain a database for food and beverage inventory stock including up-to-date pricing.
• Ensure proper storage and issuance of all food and beverage items.
• Establish and maintain a cost allocation transfer system for food and beverage supplies to the various departments.
• Summarize these transactions for each financial period close.
• Cost all food and beverage items and where practical, input these costs into the Material Control system and generate monthly potential food and beverage cost of sales.
• Price all food and beverage storeroom requisitions and compute the following: Monthly food and beverage actual costs by outlet.
• Monthly storeroom variances for food and beverage.
• Assist management in menu costing in order to establish menu item sale prices.
• Understanding of Public Financial Management and PIFRA(Project to improve financial reporting and auditing) implemented at Federal and provincial level in Pakistan
• Review of financial management & budgeting arrangements (including budgeting) at the MTBF
• Implementation of SAP System in the context of budget allocation, release, expenditure & reporting
• Perform supplementary grant analysis covering both current and development budgets
• Provide other inputs to complement the work of Company;
• Provide support in the analysis of budget data received from budget entities of the MTBF
• Provide assistance in analyzing economic, business and financial data
• Protects operations by keeping financial information confidential.
• Maintains technical knowledge by attending educational workshops; reviewing publications.
• Preparation and verification of cash and bank and Journal vouchers
• Maintains accounting controls by preparing and recommending policies and procedures
• Prepares one-, three-, and five-year financial plans by collecting historical data; developing and estimating trends; preparing assumptions; examining management plans; developing projections
• Preparation of monthly quarterly and yearly financial report and discuss the important issue in respect of profitability tracking with director and CEO for future consideration
• Improves financial management and control by evaluating and redesigning financial systems
• Project financing, reporting and preparation of feasibility studies and financial proposals
• Expenditure analysis and interpretation
• Preparation of Financial statement and analysis of daily Expenditure
• Accounting treatment for mobilization advance, retention and Account receivables and leasing of asset for various contracts on project.
• All sort of Corresponding with the parties (Debtors & Creditors) and Bank
• Preparation of employees Salaries sheets and Bank reconciliation statement
• Preparation of Cash Flow Statement.
• Performing complete client engagement from start to finish, this includes planning the audit, performing or executing audit procedures, reporting and completing engagements in a timely cost efficient manner
• Rendering reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or errors.
• .Preparation of Financial Statement Balance Sheet Profit & Loss Account with necessary schedules
• Carried Out internal audit of M/s Aziz Collieries Coal company and sister companies
• Income Tax Return filing of various Firms and Individual
• Preparation of Audit report of various private Limited Companies
• Conversion of Manual accounts data into Accounting software packages
• Controls testing of business cycles; advice on internal control deficiencies; preparation of financials and notes to accounts and various schedules; verification of financial areas.
• Carried out audit of financial institutions and verification of the Documents regarding various types of loan such as cash credit, housing loans, vehicle loans, business loans, education loans, Bank Guarantees
Strategic business communication and Management IFRS and External Independence Reports Business Taxation corporate performance evolution
Accounts Finance and Business administration
A Certificate in Cost and Management Accounts from ICMAP Islamabad. (CMA)
Introduction to finance and banking , banking instruments, Musharqa Mudarba and studies of banking ordinance 1881
Management of cost and Financial accounts. chart of account, payroll. costing etc
A CERTIFICATE IN MS OFFICE AUTOMATION, INTERNET AND E-MAIL
1. Introduction to Business 2. Principle of financial Accounting 3. Advance Financial Accounting 4. Auditing 5. Business Law, Mercantile law