Accounts Manager
ELECTRON BUILDING CONTRACTING LLC
Total des années d'expérience :13 years, 10 Mois
Electron Electromechanical L.L.C - RAS AL KHAIMAH, United Arab Emirates
ELECTRON ELECTROMECHANICAL L.L.C Company has been established in 2006. Electron specializes in the field of Design, Supply, Installation, Commissioning, Maintenance of Electrical Power, Plumbing, Fire Alarm & Fire Fighting System, Air conditioning Works for Commercial, Industrial and Residential projects. ELECTRON ELECTROMECHANICAL L.L.C is a first Grade company in FEWA and well known to all Consultants of Northern Emirates as a MEP.
Achievements
1. Successfully implemented ERP PACT Software (Accounts & Inventory Module) in Electron Electromechanical LLC.
2. Successfully reduced receivables days & achieving collections in 30 days in specific cases.
3. Carried out better negotiation and payment arrangement with vendors that paved way to credit line improvement from 60 to 120 days within a year.
4. Open agreement for the WPS of the group (payroll transfer) with very less commission.
5. Provided accurate costing & financial inputs enabling preparation of cost effective & competitive bids & proposals leading to the win of major contracts.
6. Proactively negotiation with Insurance companies for comprehensive as well as particular insurances such as third Party & money covers.
7. Development & Enhancements in the internal & credit control systems.
8. Develop and implement appropriate working capital management system.
Role & Responsibilities:
Oversee general accounting functions, including Accounts Receivable, Accounts Payable, Monthly Payroll, General Ledgers, Budgeting & Project Costing, Bank Reconciliations, Inventory management, and Bank & Cash management.
Ensuring the integrity and transparency of corporate transactions & in accordance with accounting policies & procedure.
Establishing & maintaining Financial & Accounting Policies & Procedures for running smooth workflow.
Identify risk areas & factors and proactively take measures to eliminate such risks by ensuring all internal controls are in place.
Ensuring Monthly closing of books of accounts and preparation of Monthly Financial Statements.
Manage provisions, maximize payments collection, minimizes bad debts and implements quick resolutions on disputes to avoid back load.
Monthly Inter Company Reconciliations of Sales, Purchases and Account balances.
Dealing with the banks regarding Bank Guarantees, LC, and Project Financing & Auto Loans.
Supporting Strategic Planning, Decision Making, Financial Planning & Analysis.
Liaison with the External auditors to ensure regulatory compliance & completing final audit within budgeted deadlines.
Achievements
1.Setting up accounts department & making accounting policies & procedures.
2.Successful implementation of Oracle financials-Payroll module in Factory.
3.Contributed to the successful implementation of the cash management policy & procedure.
Role & Responsibilities
Monitoring & checking of daily Factory Petty Cash Statements.
Handling Supplier Invoices and Credit Notes. Coordinating with Subcontractors regarding billing & payments issues & queries.
Preparing of Monthly Factory Cash Forecast.
To ensure proper recording of Factory sales, purchases & expenses by reviewing source documents and proper cut off at month end.
Supervision of all related activities of monthly Payroll. Checking, finalizing & distribution of Salaries & other allowance to Factory Labors.
Preparing of List of Good Receiving Note & verification of Open GRNS to Head Office.
Supporting to Accounts Manager to make sure timely & accurately submission of Annual, Quarterly & Monthly Sales Tax Returns.
• • Responsible of posting of sales invoices, purchase invoices, expenses vouchers & other accounting data in accounting software in accurate manner on daily basis.
• Making & filling of Sales, Purchases and Expenses Vouchers.
• Dealing with health insurance matters of employees (EFU Allianz).
• Checking of data entry with reports.
• Reconciliation of Payable & Receivable accounts with party ledger.
• Preparing of List of Goods Receiving Note & verification of Open GRN/Goods Return against Finance module.
• Prepares asset, liability, and capital account entries by compiling and analyzing account information.
• Maintain all office files related to job.
Awarded two times Scholarship.