Senior Accountant
Ejadah Asset Management Group
Total years of experience :14 years, 1 Months
Award and Recognition: 2013 Employee of the Year Awardee
Contribution: Prepared and finalize financial statement from manual accounting. Handle year-end audit of 14 OA’s financials. Developed tracking sheet for bank transactions. Member of Horizon implementation team.
Project Assigned: Remraam (Dubai) / Saadiyat Beach Villas & Saadiyat Beach Residence (Abu Dhabi)
• Prepares, facilitate approvals and manage annual budget and expenditures of assigned properties.
• Monitor and analyse monthly variance on the actual versus budgeted figures, provides technical advices if requires.
• Responsible on weekly, monthly and year-end financial & Management Reports.
• Prepares Service Charge billing of Owner’s Association and Master Community based on approved RERA SC rates.
• Investigates, verifies and reconcile all general ledger accounts on assigned property trial balances with sub ledger accounts and/or appropriate supporting schedules.
• Oversee site Accountants/Cashier activities relating to collections of service charges, lease rentals of storage and other income and recording accounting entries. Resolve and coordinates issues on accounting processes making sure in accordance with the company established guidelines and procedures.
• Timely processing of property payments to service providers, FM, Securities & Utilities.
• Regularly review service provider contracts, property accounting activities and financial reports.
• Prepare and Finalize Financials and Management Report.
• Handles interim internal audit and year-end external audit processes.
• Prepare monthly bank reconciliations, GL, AR and AP
• Provides business support to PM and Other Departments, assuring all requirement are met on timely manner.
• General Ledger Tasks;
• Participate in accurate and timely monthly, quarterly, and yearly close;
• Ensure financial records are maintained according to TDIC policy and management direction and Guarantee all financial deadlines are met;
• Evaluate and make suggestions regarding the implementation and maintenance of accounting control procedures;
• Investigate accounting discrepancies and irregularities, recommend solutions and corrections;
• Prepare Accounts reconciliations as assigned to generate accurate Trial Balance;
• Coordinate with other departments and distribute information for analysis and clearing of financial issues;
• Handle audit coordination in order to facilitate audit of quarterly Financial reporting and other special audit assignments; Both internal and external Audit body and Consultants such KMPG, Earns & Young, PWC & Delloite.
• Other general ledger analysis & reconciliation and periodic duties as assigned.
• Fixed Asset Tasks;
• recording, analysing and maintaining Asset Register.
• Maintain the fixed asset sub ledger/register, ensuring reconciliation to the G/L control account is completed monthly;
• Analyse the fixed asset clearing account, identifying amounts for capitalization; Assign appropriate fixed asset category based on asset type and depreciable life;
• Maintain depreciation schedule and ensure assets are being depreciated in accordance with TDIC Finance Policy;
• Monitor work-in-progress accounts, coordinating capitalization with Project Accounting and Asset Management Accountants;
• Take the lead in planning and executing physical asset verification; Responsible for ensuring assets are physically tagged; Assist in the implementation of new tracking system with ICT and external consultant;
• Responsible for recording and monitoring of E4W operational and field assets & Capitalization of Capital expenditures.
• Responsible on coordinating the maintenance of E4W asset register tied up to FA Register sub ledger and GL Account. Process addition, retirement, and disposal according to CMS policy and work instruction procedures.
• Prepares monthly reconciliation between E4W asset list to FA register.
• Involved and closely works in processing projects specific assets, capitalization and improvements, repairs and betterments.
• Prepares month-end closing of Management Report for warehouse operation as a business unit which includes and not limited to; Interco rental revenue, Administrative and overhead expenses, Fixed Asset Management and Utilization, Warehouse Inventory, Inter-company Invoices, TES project issues and returns, Work Orders Costing and Re-capilization and Accruals.
• Monitor and check supplier invoices against Purchase orders and delivery note; cross check and monitor approved payment against invoices of suppliers to ensure the accuracy of payments (apply 3 way matching principle)
• Performs other administrative and supervisory function as may requires.
➢ Responsible for Finance & Accounts functions of the Travel division.
➢ Prepares division annual budget and forecasts with covers mainly sales, expenses and overheads.
➢ Prepares monthly closed financial reports, Budget and Actual variance analysis, sales report, account receivable and accounts payable.
➢ Prepares submission of BSP sales report in compliance with IATA requirements.
➢ Facilitates bank reconciliation and Manage over 1000 vendor and client’s accounts.
➢ Maintains the daily posting of transactions, journalizing and all basic accounting function.
➢ The department thru the Development Specialist serve as a government arm as catalyst between the private and public sector. Provides Clientele technical assistance and service in the preparation of feasibility study, project and training proposals, and market study. Outsource and tapping SME’s to government funds and grants likewise private financing and funding.
➢ Provides Business diagnosis, analysis and counselling.
➢ Provides free assessment of company financial performance thru financial analysis and issue reports of recommendation to further improve company performance.
➢ Provides Assistance on the development of Small Medium Enterprises (SME's) on provinces.
➢ Conducts regular visit to designated location to be develop which covers 10 Municipalities that requires assistance on development of livelihood programs, skill training programs, material outsourcing, labour contracting, and other related assistance that the government may extends as the situation may requires.
➢ Represents the Regional/provincial Director on meetings, public functions, and other related official function as may directed.
➢ Prepares financial and management reports. Analysis on sales and profits, budgeting and forecasting, cost variance analysis.
➢ Oversees all units of finance department; monitor daily accounting responsibilities which include receipts, payment, invoicing, and general ledger accounts.
➢ Develops and Execute internal control, particularly on sales commissioning, percentage of rebates, collections and cash flows.
➢ Prepares monthly Bank reconciliation Statement and interim financial statements.
➢ Manages over 200 vendors/ suppliers accounts; this includes hotels, resorts and airline companies.
➢ Directs activities on six staff members