Chief Accountant
Alliance Business Centers Network
مجموع سنوات الخبرة :17 years, 10 أشهر
Overseeing all the accounting functions in six business centers located in four different countries thru a shared-service team here in UAE. In-charge for the monthly and annual closing of books and liaising for auditors till the finalization. Tax (VAT) computation and payment. Government regulation compliance like ESR and AML. Migration of data from manual to Dolphin for the Bahrain and Kazan entity. Resolving accounting issues in all the centers. Recharging and reconciliations of all intercompany transactions between entities and all other ledgers. Budgeting. Ad hoc reports and analysis as required by the officers. Reporting to CFO.
Reconciled and reconstructed pertinent schedules required for the 2015 audit and validate entries to the system using Tally ERP. Attended SAGE Training which the company migrated to later using the audited balances as the opening balances. Served as the first authorizer for the online banking payment.
• Prepares Daily Cash Position Report of all the bank of the company as well as all the affiliated companies.
• Verifies and authorizes online bank payments for the final settlements, rents, fixed asset acquisition, clients refund and suppliers payment.
• Reconciles all the bank balances and advise AP and AR accountants for the entries of the reconciling items.
• System entries and monitoring of all bank guarantees and margins, bank charges and interests as well as bank revenues.
• Updates Fixed Asset Register as per the ledger entries after the verification of the related documents and the entries of monthly depreciation.
• Checking and authorization for payment of Final Settlements or EOSB as well as system entries of the same.
• Checking and system entries of salaries and reconciliation of Employee Advances and Accrued Salaries.
• Schedule updates and file keeping of lease contracts of all the company properties on lease and system entries of the Deferred Rent Income amortization.
• Monthly entries of amortization of prepaid and accrued expenses in preparation for the closing of books.
• Other jobs as required by the Finance Manager.
KHALFAN AL SHAER CONTRACTING CO. LLC
Construction & Property Leasing
Senior Accountant/Accounting Head
February 01, 2010 - Present
Introduced and implemented a new accounting system thru Peachtree. Reconstructed and established beginning balances of the pertinent ledgers while managing the day-to-day transactions. Developed generally accepted accounting procedures for the subordinates to follow. Formulated customized spreadsheets for the Provisions, Prepayments, Fixed Assets and Payroll. Organized systematic filing of all the documents. Resolved long outstanding issues regarding payables and receivables.
• Cash/treasury accounting - Billing and collections. Preparing cash flows based on the incoming cash and requirements of the same. Bank reconciliation.
• Project accounting - Contract review of all the on-going projects. Monitoring of the actual project/site expenses as against the BOM, BOQ and budget. Filing of variation claims for the costs beyond the contract. Valuation, disposal site assets and or the transfer of the same back to the main ledger. Coordinates with site engineers regarding subcontractors accomplishments and payments.
• Payroll accounting - Setting-up of the company's WPS account. Verification of payroll spreadsheet. Update of employees provision for annual leave and EOSB.
• System entry validation and reconciliation of the G/L and all subsidiary ledgers.
• Preparation of monthly journals for adjustments, accruals, prepayments and non-financial expenses for assets.
• Periodic closing of accounts and balance sheet reconciliation.
• Preparation of both financial and management reports & liaising with banks & auditors.
• Reports to Managing Director.
HYDER CONSULTING MIDDLE EAST/HOLFORD & ASSOCIATES
Architectural/Engineering & Environmental Consultancy
Senior Accountant
August 31, 2008 - December 10, 2009
Participated in the winding-up of the newly acquired business. Developed a spreadsheet for the monitoring of subcontractors claim and payments. Reconciled suppliers and clients accounts. Trained for a new ERP systems DAX.
• Checking and monitoring of bank balances and preparation of cash flows and bank reconciliation statement.
• Monitoring the billing of sub-consultant costs to the client and it's collection for the back-to-back payment to sub-consultant.
• Checking of payment vouchers, employee's claims & payroll spreadsheet.
• Preparation and billing of inter-company transaction especially recharges, buy-ins & sell-outs.
• Checking of monthly expenses and preparation of analysis.
• Preparation of monthly journals for the update of provisions, prepayments & depreciation
• Reconciliation of balance sheet, G/L & subsidiary ledgers.
• Monthly closing of books. System maintenance, closing and opening.
• Preparation of both financial and management reports & liaising with bank & auditors.
• Reports to Regional Financial Controller
AL DHARIS SPECIALIZED PIPES FITTINGS
LPG System Contracting Company-Dubai, U.A.E.
Senior Accountant
July 01, 2005 - August 30, 2008
Promoted to a senior accountant position with 2 subordinates within six months. Presided as accounting head taking the full responsibility from a non- accountant in-charge. Reconstructed the company's accounting record based on the last audited FS and subsequent bank statement. Initiated the computerized accounting system using Peachtree. Designed and implemented a functional system for the document flow and authorization for proper internal audit and control in accordance with GAAP.Set-up of proper inventory accounting and stocks arrangement.
• Formulation of budget for the forecast of cash flow.
• Cost accounting per project and monitoring of actual expenses incurred as against the budget.
• Invoicing of sales and collection of receivables.
• Payment of the company's maturing obligations and monitoring of supplier's ledgers.
• Payroll preparation/distribution and monitoring of employee's claims.
• Processing of LC, performance bond, bank guarantee and other bank facilities.
• Petty cash custody and disbursement.
• Inventory control.
• Preparation of Financial Statements on a monthly and annually basis for the external audit.
• Reports to the owner.
ABHATH ELECTROMECHANICAL
Electromechanical Contracting Company-Sharjah, U.A.E.
Accountant cum Customer Service Executive
March 01, 2005-June 30, 2005
Set-up of manual accounting system using Excel. Participated in the making of company profile for the building of company's clientele.
• Introduction of the company to the market by emails, fax and telephone communication.
• Securing appointments of the company's engineers to prospective clients.
• Keeping files per project in accordance with ISO 2001.
• Checking and verifications of documents and accounting record generated by the accounting assistant.
• Preparation and the monthly financial statements.
• Reporting to the Managing Director.
Bachelor of Science in Business Administration-Major in Accounting (4 yrs.) - Manila Philippines, 1991 Reviewed for CPA exam until First Pre-Board Trained and implemented an ERP System - SAGE, Microsoft Dynamics AX, SAP, Tally and Peachtree