Chief Accountant
American University Of the Middle East AUM
Total des années d'expérience :16 years, 9 Mois
• Develop and maintain timely and accurate financial statements and reports that are appropriate and in accordance with generally accepted accounting principles (GAAP) & International Financial Report Standards (IFRS).
• Responsible for month-end, quarter-end and year-end closing of financial reporting of the university.
• Responsible for Quarterly, Financial year and Academic year audit
• Managing daily cash balances
• Responsible for reviewing of payroll and disbursement of salaries as per Kuwaiti Law
• Full supervision over AR, AP, Fixed Assets, GL
• Reconcile and review sub ledger reports
• Review and approve payment vouchers
• Establish and maintain internal controls to ensure compliance with financial policies and procedures
• Taking responsibility for, and supervising the work of the team members in the finance and accounting department
• Coordinate with other departments for Financial reporting, Monthly budgets, Events & Projects
• Train and guide new joined staff toward department goals and policies & procedures.
•Prepare all supporting information for the annual audit and liaise with the external auditors as necessary
•Develop and maintain timely and accurate financial statements and reports that are appropriate and in accordance with generally accepted accounting principles (GAAP) & International Financial Report Standards (IFRS)
•Managing daily cash balances, ensuring that cash flows are adequate to allow departments to operate effectively.
•Working with executives and department heads to prepare budgets and track profit / loss performance by business unit and on consolidated basis
•Responsible for preparing the profit center reports, comparing it with the financial model and provide solid justifications for the variances
• Liaising with other departments and business units on cost reduction initiatives, budgets, targets, achievements, and general company performance
•Responsible for maintaining accounting system for analyzing cost allocations,
•Responsible for posting and analyzing monthly, and quarterly closing activities, including journal entries, general ledger, and cost allocations of expenses
•Handled the responsibility of reviewing and analyzing general ledger accounts for interim and year-end closings
•Worked with the Information technology team to implement new ERP system - SAP -, develop and modify the finance reporting system
•Responsible for the reviewing company payroll
•Responsible for fixed assets accounting, depreciation calculations
•Recording Accounts receivables transactions in SAP
•Responsible for reviewing aged receivables, preparing and submitting recommendations on write-off of bad debts to the Financial Director
•Maintain bank transactions, reconciliations, ATM and VISA transactions
•Responsible for monitoring cost centers for potential grant-earning problems
•Coordinated the revision of service codes, revenue codes, accounts between Financial Services, MIS and programs as needed to meet billing requirements
•Making customer billing and invoices.
•Sale and inventory analysis ( flowcharts -ratios -reports)
•Maintain up to date account analysis and reconciliation
•Developed and maintained effective business relations with customers and vendors
•Ensure compliance with Company Policies, Procedures and Regulations.
Recording Accounts Payables transactions
• Handling showrooms accounts
• Maintain bank transactions and reconciliations
