Head Of Accounting Department
Baalbaki Chemical Industries
مجموع سنوات الخبرة :12 years, 9 أشهر
Prepares financial statements: Statement of Financial Position, Statement of Comprehensive Income, Statement of Changes in Equity and Statement of Cash Flows (Direct and Indirect Methods).
• Prepares monthly OPEX reports for the Holding company and its Subsidiaries, stating and analyzing monthly operating expenses in comparison with budgeted figures.
• Conducts IFRS tests and applications on specific projects (IFRS 16 Leases, IFRS 9 (A/R Aging tests)).
• Leads the closing processes; (monthly, quarterly and yearly), and supervises the whole accounting cycles in Holding company books (Beirut) and subsidiaries (Egypt, UAE, Turkey, Jordan and Italy).
• Manages and oversees the daily operations of the accounting department in Beirut.
• Supervises annual reconciliations and confirmation of balances with affiliates, banks, customers, suppliers and shareholders.
• Controls treasury through submitting daily bank status and weekly net cash position to the Finance Manager.
• Ensures bank charges and interest are optimized and strictly adhere to signed agreements with banks.
• Controls payments to suppliers, travel expenses, employee advances and petty cash disbursements.
• Maintains accurate and clean chart of accounts.
• Ensures an effective filing and archiving system is maintained for accounting transactions and relevant supporting documents.
• Supports on the annual audit processes.
• Assists in the Quality Assurance of a newly developed Accounting Software (ERP); ensures accounting transactions are properly reflected in ledgers and trial balances and provided the required input to the System Development team.
• Lead the monthly closing process and supervised the whole accounting cycle.
• Approved and submitted the following monthly review reports to senior management: aging, accruals & deferrals, fixed assets, and work in progress for billable projects.
• Confirmed and submitted monthly trial balances to senior management.
• Prepared project profitability analysis, liquidity analysis, and budget variance analysis.
• Assured the implementation of all business operations according to schedule and budget.
• Advised on the proper implementation of IFRS (International Financial Reporting Standards).
• Handled the payroll processing and booking in collaboration with the Human Resources Department.
• Prepared VAT reports and assisted the Tax Team in preparing tax declarations.
• Supervised yearly asset counts.
• Lead the general ledger and fixed assets controls and processes; verified all related transactions in JD Edwards/Oracle from both accounting and legal perspectives.
• Controlled petty cash disbursements.
• Conducted affiliated companies’ transactions for eleven sister companies.
• Verified bank instructions for internal and external fund transfers.
Accountant
• Kept the books of all payables and general ledger transactions and performed monthly vendor reconciliations.
• Performed annual stock counts.