Sr. Accountant reporting to VP Finance
Western Bainoona Group
مجموع سنوات الخبرة :15 years, 11 أشهر
Budget and Cost Control Senior Accountant- Reporting to Vice President- Finance
➢ Preparing Yearly Budget for the group including (Crushers, Asphalt plants, Precast Plant, Equipment division, & Transportation division)
➢ Quarter review of cost and selling rates for asphalt plants and Crushers aggregates.
➢ Monthly update of projects receivables and follow up with collection manager on the collections.
➢ Preparing monthly report for customers sales.
➢ Cost Analysis: Direct and indirect cost analysis in comparison with previous year with deviation analysis.
➢ Preparing and implementing Policy and Procedures for Finance Team.
➢ Preparing new Organization Chart of Finance Department and reviewing it with VP- Finance and President.
➢ Monthly review of facilities and preparing relative report to show the utilized and balance available balances in each facility for each bank.
➢ Supporting the VP- Finance in the daily operations and organizing the documents to be reviewed and approved by him.
➢ Preparing ad-hoc reports as requested by VP- Finance.
Performing the accounting operations of Centroid Constructions Est. (sister company to Teejan) in all aspects of accounting from booking invoices up to finalization of accounts
- Preparing of application of letter of credits until accepting discrepancies, and amendments. All related issues with LC’s in terms of insurance, port clearance and preparing monthly LC report and LC payables report.
- Preparing clients Letter of Guarantees and handling all related issues to LG’s from application until recovery of BB, APG, PB, Labor Guarantee, and Payment Guarantees
- Handling Petty Cash and replenishing petty cash to sites
- Monitoring, Creating Asset codes in the system, and running deprecation monthly
- Monitoring, booking, and amortization of all kinds of prepaid and preparing monthly report for all the prepaid
- Liaising with external auditors to finalize the financial statements and present all required documents and ledgers
- Booking transactions for VAT disclosure. Preparing VAT report as per FTA requirements and uploading it on site
Responsible for accounting of Morocco Branch: Posting all kinds of entries on the system from opening of the branch till date. Preparing Monthly Cash flow for the branch and preparing Aging, Fund request reports. Issuing all kinds of bonds for the branch (Bid Bonds, Advance Payment Bonds, and Performance Bonds) for easiness of the operations. Following up with the accountant in Morocco branch for daily operations and pending issues to be solved.
Petty Cash JV’s for all projects and Head office in Abu Dhabi and Dubai.
Banks monthly reconciliations and clearing all pending transactions( more than 30 accounts)
Safe keeping of all Clients Guarantees including Bid Bonds, Performance Bonds, and Advance payment Bonds.
Following up with clients for any retrieval or cancellation of bonds.
Preparing weekly LG report including Guarantees issued to Branches (Like Qatar and Morocco).
Preparing LG applications, amendments, and cancellation letters for all Guarantees including branches (Like Qatar and Morocco). Close follow up with the banks for the same.
Monthly Intercompany reconciliations between Abu Dhabi office and Qatar and Morocco Branches.
Project Management Report: Prepared Monthly to reflect the updated Cost booked against each job with pending PO’s and stock to enable project managers and top management to see the progress of each job.
Assisting in finalizing monthly closing activity for the group.
I have been working with subcontractors’ payment certificates mainly. I post subcontractors’ PC’s on system and prepare the related payments and BPV (Bank Payment Voucher). Every month we do monthly closing and make provisions for subcontractors work, camps cost allocation, other cost allocation, intercompany reconciliation with related parties (subsidiaries). I prepare monthly cash flows and monitor the banks movement. I ensure enough balances are there in the bank accounts. I alert the team of any payment received from clients. I also perform various adhoc reports and tasks requested by Finance Director. I also work on LC’s transactions, applications, amendments, discrepancies, and LC report.
I prepared journal vouchers, banks and suppliers’ reconciliation, payment vouchers, subcontractor’s payment certificates. In 2010, I was transferred to Treasury department. In this department we are responsible of all bank transactions, reconciliation, transfers, LC’s and LG’s. I also prepare all kinds of payments and transfers overseas to suppliers and subcontractors.
in the Bachelor's degree (completed in Feb. 2006), i recieved Honor list Student: Semesters Spring 2003, Fall 2004, Spring 2004, Fall and Spring 2005 Distinguished List Student: Fall 2002-2003 Semester.