chief accountant
High Point Hospitality
مجموع سنوات الخبرة :30 years, 8 أشهر
• Monitoring month-end general ledger close journal entries and reconciliations
• Finalizing Group company monthly reports and after verification forwarding the reports to the Managing Director and for the Finance Manager (Saudi -Head Office) approval
• Collect the Revenue and the Expenses details from the Real Estate Management Team for Accounting and for the Management Reporting
• Preparing and analyzing monthly reports of all the properties on monthly, quarterly and annual basis
• Responsible to maintain working capital management and the preparations of monthly and annual cash flows for the Group
• Preparing and analyzing monthly Reports of all the properties on monthly, quarterly and annual basis
• Monitoring Related company construction contract with the contractors & the agreement with the consultants
• Managing & Developing the Related company budget for variance analysis
• Forwarding the payment approval forms for the Managing Director and for the Owner approval
• Coordinate with the Managing Director and the Finance Manager (Saudi-Head Office) and to prepare the required documents for the Bank Facilities
• Based on the construction budget and the contractor progressive payment certificates, preparing and submitting the draw down details to the Managing Director & to the Finance Manager (Saudi-Head Office)
• Preparing the Bank loan repayment schedule for all the Bank Facilities
• Finalizing the VAT filing required documents and provide the same to the VAT consultants
• Supervising the inter-company reconciliations
• Conducting external audit by analyzing and scheduling general ledger accounts; providing information to the auditors
• Finalize End of service and Leave salary calculations for employees and update the provision amounts every month in the accounting system
• Finalizing the payroll preparation for the Salaries
• Responding to inquiries from Managing Director, Finance Manager & and from the Owners
• Working on any ad-hoc assignment
Achievements:
• Manage all financial and administrative processes in accordance with the company guidelines and local regulations
• Providing effective input to the Finance Manager (Saudi-Head Office) in the financial analysis of all major investment decisions
• Dealt with the Vat Consultants and provided all the required documents for the group companies Vat registration completion
• Achieved the successful completion of Statutory Audit for the Group companies
• Prepare the related company construction budget for the entire project
• Steam lining the co-ordination with the Real estate management and the maintenance team
• Established a cash flow reporting system with key focus on current situations
• Managed
o Month-end general ledger close journal entries and reconciliations
o Subsidiaries monthly reports and forwarded the reports to Finance Manager for approval (after verification)
o Subsidiary company construction budget and ensured the proper recording of expenses as per budget lines
o Subsidiary construction contract with the sub-contractors and suppliers
o Subsidiary real estate financial records & reports for a wide variety of real estate transactions (including property sales, purchase, rental & utility charge comprising development expense, operational cost and profit)
o Subsidiary revenue & expenditure cycle report, lease abstract, cash basis income statement as well as budget related items
• Summarized financial status by collecting information & preparing Balance Sheet, Profit & Loss and other statements
• Supervised the inter-company reconciliations
• Assisted Finance Manager for:
o Financial statements preparation for the bank loans
o Budget preparation for the entire Group
• Conducted external audit by analyzing and scheduling general ledger accounts; providing information to auditors
• Finalized the payroll preparation for salary transfer
• Coordinated with Finance & Project Managers for any inquiries in finance and project matters
Achievements:
• Contributed in ERP implementation and creation of cost centres & chart of accounts for all group entities
• Collected old over dues with customers AED 2.5 Million
• Achieved the successful completion of Statutory Audit for individual entities & group
• Collaborated with the senior management team in improving & executing strategies & processes and accomplishing corporate goals & profitability for the company
• Developed & implemented automated financial accounting system that increased transparency & reduced processing time
• Followed up with Project Managers for monthly billing and clients for collection
• Managed the bank, inter-company and supplier reconciliations
• Involved in creation and settlement of internal orders
• Maintained the inventory accounts
• Led the asset purchase, sales, scrapping and posting depreciation run
• Interfaced with bankers for procurement of credit facilities, retention money and bid bond guarantees
• Engaged in construction accounts receivable tracking, management and reporting
• Supervised the reconciliation of vendor statements and customer payments
• Assisted in external audit exercises
• Created sales orders and completed them through invoicing
• Developed profit & cost centers
• Led the daily transactions such as credit control, accounts & funds settlements, accounts receivable & payable, inventory, and fixed assets with Accounting Team; ensured the compliance as per statutory reporting requirements
• Conducted & reviewed the bank account reconciliations and assisted in corporate balance sheet reconciliation & other monthly internal management reports
• Liaised with suppliers for receiving quotations, raising purchase orders and agreeing on payment terms
• Created internal financial reports and supported analytics for division senior management; resolved the queries from senior management, if any
• Interfaced with Project Managers, vendors and external parties to manage draw requests / requirements
• Assisted in construction project analysis reporting
• Developed monthly cash flow and budgets
• Involved in job cost tracking, analysis and reporting
• Resolved the accounting discrepancies and irregularities
• Engaged in:
o Compilation and analysis of financial & budgetary information
o Reconciliation of vendor statements and customer payments
• Assured the accurate & appropriate recording and analysis of revenue / expense