Accountant
Al Sammak Overseas Trading LLC
Total des années d'expérience :16 years, 3 Mois
Financial Management ~MIS Reporting ~Accounts Reconciliation
~Accounts Receivable & Payable ~Remittance & Clearing ~Key Account Manager
MIS Reporting
• Conceiving, designing and supervising the preparation of MIS reports to provide feedback to top management on
business performance
• Ensuring that all key business drivers are correctly captured and all income/expenses at the end of the month are
accounted for properly viz. admin bills, project bills, revenue, other expenses and provisions
Accounts Receivable & Payable
• Checking accounts payable to ensure completeness of recording liability in timely ensuring that accurate claims are
filed with vendors and receivable collected on time
• Supervising the supplier payments and accounts reconciliation of banks
Role:
• Responsible for processing of supplier payments through Trust Receipts as well as maintaining limit of the same
• Accountable for opening, amending & renewal of LC (EmiratesNBD)
• Depositing PDC cheques on due date as well as handling discounting of the same
• Making arrangement of funds to clear due TR
• Following up with the bank for any issue in receiving or processing the document
• Reporting status of banks to Finance Manager and Managing Director
• Comparing current month s statements with those of previous year
• Handing reconciliation of:
o Customers Statement of Accounts
Accounts Receivable Team
• Handled reconciliation of banks like Emirates NBD (Functional Bank) & HSBC and reported the same to Head of Department
• Administered bank balance & transactions on daily basis
• Prepared:
o Funds Flow Statement as per banks statement on daily basis and reported the same to management
o Petty Cash Statements (including physical cash) on weekly basis and reported the same to Finance Manager
• Generated expenditure reports related to petty expense on weekly basis
• Examined and booked of expenses on basis of their nature
• Monitored expenses on the basis of provision & prepaid
• Passed all necessary entry for month end like provision, prepaid & depreciation
Accounts Payable Team
• Administered Accounts Payable of Non Trading Suppliers and Trading Suppliers
• Examined invoice with supporting document i.e. LPO & Delivery Note
• Handled reconciliation of accounts statement with suppliers
• Prepared payments according to terms like credit days, advance payment or immediate
• Assessed statement of account for due invoices as per credit terms
• Conducted ageing analysis of inventory for particular supplier on basis of credit terms
• Ensured recovery of Rebates, Returns, and Debit Note
• Arranged due invoices for the payments
• Generated inventory ageing report of all suppliers and forwarded to respective department
Remittance & Clearing
B.Sc in Finance