Associate Finance Manager
Majid Al Futtaim Ventures LLC
Total years of experience :16 years, 0 Months
• Checking and recording Value Added Tax, withholding tax, municipality tax and other tax declarations and payments in accordance with local legislation.
• Responsible to manage assigned day to day operational activities.
• Preparing and submitting different kind of financial statement (standalone, combine, console, special purpose for management) compliant with IFRS to the external auditor and do the needful changes to get signed from them.
• Prepare Balance Sheet Schedules (BSR) of assigned area of responsibility and initiate necessary actions to resolve issues in line with company policy.
• Manage more than 50+ leases under new standards IFRS 16 by using Visual lease software.
• Perform accruals, maintain supporting statement and working for all accruals.
• Monitor, manage and resolve business unit quires within agreed SLA.
• Ensure timely posting for all Credit/Debit Notes.
• Receive, review and complete bookkeeping for accounting entries related to recurring/ non-recurring expenses based on inputs from BU Finance.
• Review monthly revenue invoices and ensure compliance with revenue contracts; review bank reconciliations and scrutinize and clear reconciling items
• Ensure accurate and timely filing of tax returns, audits, declarations, applications/renewals of all required licenses and other financial-related matters to local authorities.
• Prepare entries for all prepaid amortisations and allocations ensuring compliance with IFRS/IAS.
• Ensured successful and timely implementation of a Balance Sheet Reconciliation (BSR) automation tool which led to increased time efficiency translating into cost savings.
• Helping business unit and the regional finance office to prepare budgets, forecasts, and customized financial analysis as appropriate
• Ensure intercompany transaction including all inter-company and intra-company loan transaction, interest calculation, etc. are recorded timely and are compared in accordance with the monthly close calendar.
• Support necessary account payable and account receivable (AP&AR) activities.
• Supporting internal/external audits.
• Encourage the team always to have such a new idea in automation to save more time to do more works efficiently.
Directed wide-ranging Accounting and Finance duties including input into key functions such as inventory analysis, cash management, AP/AR, bank reconciliations, audit preparation, internal control, and staff liaison. Managed invoice booking and payments while maintaining vendor
reconciliations.
Key Accomplishments:
1-Executed monthly payroll responsibilities, annual leave payments, and managed the onboarding and offboarding of staff.
2-Led the preparation of inter company reconciliations and followed up with customers for all receivable balances.
3-Collaborate with store managers to analyse and record physical and system inventory in line with group policies.
4-Managed ongoing payments including extensive supplier liaison as part of the Accounts Payable/Receivable process.
5-Prepared high-volume bank reconciliations to ensure accurate balances while posting corrective actions as necessary.
6-Carried out audit preparation and internal control duties to manage risks and ensure regulatory compliance.
7-Controlled petty cash for all engineers and operational necessities.
1. Manual accounting.
2. Preparation and input of month end journal vouchers.
3. Computerized accounting by using excels.
4. General ledger operations (Finalizing of general ledger accounts).
Bachelor of Commerce –Faculty of Commerce Account Section "2009". Cairo university-Egypt. Grade: Good.
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