Chief Accountant
RAYS General Trading & Cont. Co. W.L.L.,
مجموع سنوات الخبرة :18 years, 5 أشهر
• Manage and oversee daily operations of the accounting division including month/end-year processes, accounts payable/receivable, GL, budgeting, cash forecasting, revenue and expenditure variance analysis, debt activity, etc.
• Lead the accounting staff in managing the full spectrum of financial accounting role; manage the company’s financial accounting, monitoring, and reporting systems; respond to accounting inquiries from management in a timely manner.
• Render support in managing all financial and cost accounting transactions including accounts payable and receivable, financial closing and consolidations, reconciliations, maintaining chart of accounts, and controlling fixed assets, ensuring compliance to the company guidelines and policies.
• Maintain the company’s books of accounts, record journal entries, post transactions to the ledger, and enter rectification & adjustment entries; assist the finance team in monthly, quarterly & annual closing of books of accounts.
• Update and maintain the general ledger and chart of accounts to reflect the transaction activities of the assigned scope.
• Monitor and reconcile sub-ledger reports periodically; create the final trial balance, as required.
• Protect and preserve the assets of the company through the preparation and encoding of the company's asset register.
• Prepare budgeting reports and forecast revenues, contribute to developing the budget for the department, track expenditures and variances, and take corrective measures as needed.
• Perform bank reconciliation to compare the balance in the bank as per the company’s accounting records with the balance stated in the bank statement, as well as prepare bank reconciliation statements.
• Handle monthly, quarterly and annual closings, ensure timely bank payments and administer company payroll, and control income and expenditure.
• Coordinate with commercial banks and insurance companies for borrowing and insurance arrangements and maintain documentation of the same.
• Prepare monthly, quarterly & annual internal financial reports, including P&L statement, balance sheet and statement of cash flows, year-end financial reports as well as other periodic reports.
• Supervise and analyze accounting records and financial statements to ensure accuracy, completeness, and compliance with the reporting and procedural standards.
• Assisted Accountant in managing all accounting transactions, prepared journal entries, posted them in the general ledger, examined bank statements, and reconciled them with general ledger entries.
• Handled monthly, quarterly and annual closings, ensured timely bank payments, administered company payroll, and controlled income and expenditure.
• Processed and reviewed day-to-day financial transactions, accounts payable, accounts receivables, and vouchers by thoroughly checking and correcting the accounting and other relevant financial records.
• Maintained the cash position of the company, prepared cash flow statements, maintained the accounting system, stock system, receivables management, creditors management, etc. independently.
• Monitored incoming payments from accounts receivable and outgoing payments from accounts payable.
• Handled suppliers’ payments after verifying invoices and checking support documents; prepared checks for vendors after complete verification.
• Managed petty cash disbursement, maintained petty cash register & performed daily reconciliation of cash accounts.
• Processed all aspects of monthly close of financial records, retrieved necessary month-end statements for monthly closeout process, prepared journal entries, reconciled all asset accounts, including bank statements, prepared financial statements and submitted to Accounting Manager for review/approval.
• Assisted in preparing balance sheets, profit and loss statements and other financial reports in the accounting and finance system as per the company standards.
• Prepare master budget on yearly basis in coordination with the Finance Manager and compliance of the same.
• Maintaining the cash position of the company and preparing Cash Flow Statements.
• Maintenance of Accounting system, Stock system, Receivables management, Creditor's management, etc. independently.
• Preparation of weekly & Monthly sales comparison reports, expenses statements, petty cash movement reports, bank reconciliations.
• Finalization of accounts of the company.
• Sundry Debtors & Creditors management transactions (i.e. Accounts Payable and Receivable and financial closing, maintaining chart of accounts, controlling fixed assets, etc.) and ensuring compliance to the set corporate guidelines and policies.
• Contribute to the development and implementation of accounting and control policies and procedures.
• Update and maintain the general ledger and chart of accounts to reflect the transaction activities of the assigned scope.
• Reconcile sub-ledger reports periodically in addition to creating the final trial balance, as required.
• Supervise and reconcile sub-ledger reports periodically in addition to creating the final trial balance, as required.
• Support external auditors in ensuring that audits are completed timely by the year-end through collaborating sufficiently and providing the necessary data.
MBA (Master of Business Administration),
PG Diploma in Personnel Management & Industrial Relations