Sr Accounts Executive
Sultan Group Investments LLC
مجموع سنوات الخبرة :18 years, 10 أشهر
THE SULTAN GROUP INVESTMENTS CO. LLC. - April 2006 to date
Key Responsibilities
Posted in one of their Group of Companies viz. SARCO involved in Construction activities - preparing Project Feasibility Reports, Project Budgets, handling Project Accounting & reporting. Implementation of new procedures (modules) in line with the existing accounting package (SOLOMON - Microsoft Business Solutions) in the organization.
Preparation of Bill of Quantities, Progressive Invoices pertaining to the Projects in consultation/coordination with the Planning Engineers & Project Managers.
Ensure invoices are submitted on timely basis and in compliance with contract terms and conditions. Liaising with Clients, Consultants and Banks for approvals and payment receipts.
Handling efficiently Accounts Receivable & Accounts Payable Management, and preparation of relevant reports along with their Aging Analysis.
Bank Reconciliation, Supplier and Inter Company Accounts Reconciliation.
Handling Inventory & Supply Chain Management. Reviewing Purchase Orders and performing monthly cost accrual entries.
Responsible for monthly revenue calculations and ensuring GAAP compliance for Revenue Recognition.
Analyze variances between actual and forecasted revenue and gross margin and coordinate all necessary adjustments.
Prepare and analyze monthly account reconciliations and take necessary action on any issues.
Set up new projects in Microsoft Dynamics Solomon ERP and maintain contract modifications.
Maintain professional communications between Project Managers, Contractors, Technical and Administrative staff. Mentor junior-level Accountants.
Liaise with Internal and External Auditors.
Exercise professional judgment to resolve moderately complex problems and provide solutions.
Be an integral team player on meeting monthly close process and deadlines.
INTERNATIONAL TRADERS (ME) LTD. (ITL-COSMOS), DUBAI - August 1995 to April 2006
*Independently handling all banking activities involving Letters of Credit (both Import & Export) viz. establishment and execution of the same. Import/export bills negotiations, third port shipment Ls/C (Confirming business), liaison and correspondence with banks, Shipping and Insurance companies.
*Applying and obtaining Shipping (Bank) Guarantees, retirement of original documents from the banks and arranging for clearance of goods from the Customs/Port. Maintenance of records in respect of Customs Duty and other statutory fees
*Payroll Accounting (maintenance of records of more than 250 employees viz. preparation and calculation of salaries, transfer to banks, leave salary, gratuity and other end of service benefits
*Management and mobilization of funds from different bank accounts for proper and timely utilization for payment of Trust Receipt (for Documents) loans, placement of funds in the interest bearing fixed deposits and other investments both with local as well as off shore banks
*Consolidation of branch accounts (12 branches), all activities related to finalization of books of accounts viz. preparation and carrying out necessary accounting entries in respect of depreciation (Assets & Stock), bad and doubtful debts, provisions for Leave Salary, Gratuity, Stock and interaction with both Internal as well as Statutory Auditors.
*Verification and authentication of various transactions carried out through various accounting vouchers. Accounts Receivables & Accounts Payables.
*Reconciliation of Debtors, Creditors and Bank statements
*Export documentation, Supplier correspondence and advertisement subsidy claims viz. invoicing along with evidences to principals
*Stock accounting & costing
Pursuing CMA (certified by IMA-USA) - Part-1 Pursuing SAP - (FI-CO)