Head Of Accounting
Al-Ghawi Trading Company (GTC
مجموع سنوات الخبرة :12 years, 1 أشهر
- Provide comprehensive financial updates to CEO by evaluating, analyzing, and reporting appropriate data points
- Guide financial decisions by applying company policies and procedures to the current economic landscape
- Develop, implement, and maintain financial controls and guidelines plus Achieve budgeting goals with proper scheduling, analysis, and corrective action
- Maximize payroll efficiency through innovative process development and Help develop and support short and long-term operational strategies
- Manage and monitor all accounts, ledgers, and reporting systems ensuring compliance with appropriate GAAP standards and regulatory requirements as well as the requirements of private contributions, loans, and government contracts
- Maintain internal control safeguards for the receipt of revenue, costs and both team & organizational budgets and actual expenditures
- In conjunction with the CEO, establish financial & operating benchmarks, budgets, program monitoring, & reporting standards on a bi-, monthly, & annual basis
- Develop and enforce internal controls to maximize protection of company assets, policies, procedures, and workflow
- Oversee and support accounting team with dynamic leadership that creates an environment of trust and productivity
- Design an effective internal control system, including technology controls, which is responsive to the specific risks of the organization
- Develop processes to monitor the effectiveness of risk management and internal controls processes, and remediate as necessary
- Evaluate efficiency & effectiveness of accounting processes, & make recommendations to optimize them, including documenting, monitoring, & updating accounting policies
- Implement cost accounting processes and systems appropriate for the industry’s financial reporting, including implementation of managerial costing models and processes to improve decision support beyond basic cost accounting
- Ensure compliance with all applicable regulatory requirements regarding financial reporting, including remitting sales, employee, and employer taxes
- Design reports to present the value the organization creates, recognizing different perspectives and incorporating material financial and non-financial measures
- Design and lead the budget and financial planning process across multiple business units in a complex organization
- Develop and implement working capital policies (e.g., cash, accounts payable, accounts receivable, inventory management)
- Develop and implement a performance measurement process aligned with the overall strategic goal-setting process, including analysis of costs and profits
- Optimize performance management and financial reporting processes to provide useful and timely management information and analytics (e.g., use of key performance indicators (KPIs), balanced scorecards, dashboards)
- Link the budgeting process to the strategic planning process, including reporting on the financial status on a regular basis and creating ad-hoc reports as needed
- Develop and implement appropriate policies and procedures to ensure tax efficiency and compliance
Preparing and disbursing salaries and auditing human resources work
- Audit the invoices and receipts and Prepare tax statements and reports.
- Prepare cash flow statement and monthly income statement.
- Recommend ways to reduce costs and enhance revenue (P&L statement).
- Prepare documentation for External Auditors.
- Analyze financial statements for discrepancies and alert the CFO if necessary plu Coordinate semi-annual audits and assist the CFO in running audits.
- Reconcile accounts monthly to ensure accurate reporting and ledger maintenance.
- Delegate financial responsibilities to the accounting team
-Auditing the work of human resources
- Coordinating accounting functions and programs.
- Preparing financial analyses and reports and Preparing revenue projections and forecasting expenditure.
- Assisting with preparing and monitoring budgets.
- Maintaining and reconciling balance sheet and general ledger accounts plus Assisting with annual audit preparations.
- Investigating and resolving audit findings, account discrepancies, and issues of noncompliance plus Preparing tax return statements.
- Contributing to the development of new or amended accounting systems, programs, and procedures.
- Performing other accounting duties and supporting junior staff as required or assigned.
- Preparing and recording all journal entries and Managing accounts receivable and accounts payable.
- Preparing depreciation and updating fixed assets on the software and on excel worksheet.
- Managing inventory and enter all relevant journal entries and Managing company accounts with banks and vendors.
- Ensuring accurate and timely monthly, quarterly and year end close reporting.
- Preparing trial balance, income statement, cash flow statement, balance sheet and provides schedule of related accounts.
- Preparing payroll and follow up regarding attendance, leaves and holidays.
- Costing, reporting and auditing plus Control and review budget, revenue, expense, payroll entries, invoices, and other accounting documents.
- Interacting with external auditors in completing audit procedures.
- Tracking and observing monetary transactions and check deposits and ERP System experience plus Accounting System experience
- Analyze and evaluate accounting process for continuous improvement.
- Maintain project accounts, projects payment certificates follow-up.
- Prepare cash flow statement plus Perform monthly bank account reconciliations.
- Projects cost control and Assist with preparation of the Annual Financial Reports.
-Preparing and disbursing salaries.
- Balance currency, coin, and checks in cash drawers at ends of shifts, and calculate daily transactions using computers, calculators, or adding machines.
- Cash checks and pay out money after verifying that signatures are correct, that written and numerical amounts agree, and that accounts have sufficient funds.
- Receive checks and cash for deposit, verify amounts, and check accuracy of deposit slips.
- Examine checks for endorsements and to verify other information such as dates, bank names, identification of the persons receiving payments and the legality of the documents.
- Enter customers' transactions into computers in order to record transactions and issue computer- generated receipts.
- Count currency, coins, and checks received, by hand or using currency- counting machine, in order to prepare them for deposit or shipment to branch banks or the Federal Reserve Bank.
- Identify transaction mistakes when debits and credits do not balance plus Order a supply of cash to meet daily needs.
(AIS) is a structure that a business uses to collect, store, manage, process, retrieve, and report its financial data so it can be used by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators, and tax agencies