Accountant
Emirates Glass LLC
مجموع سنوات الخبرة :20 years, 11 أشهر
Assigned to manage all transactions related to Letter of Credit (LC).
•Arrange the required LC application for local & foreign suppliers for submission to bank.
•Gather all original Export LC received from bank.
•Prepares all the required Export LC documents needed for negotiation to bank within the LC validity.
•Prepares a weekly report on all Export & Import LC about validity dates and available balances.
•Assigned in the preparation of LC Discounting, Local Bills Discounting, Bank Guarantee and Trust Receipts.
•Coordinate and verify with bank the status of Export LC documents negotiated whether it is accepted or having any discrepancy on documents.
•Update and inform customer about their LC available balances and validity.
•Prepares weekly report about LC maturity dates to monitor the sufficiency of funds with the bank.
•Prepares application for 120 days Trust Receipt (TR/Murabaha) related to supplier payments.
Responsible for the monthly & yearly closing/finalization of Accounts
•Prepares accounting entries for the daily transactions of the company.
•Monitors Inventory movements.
•Assigned to handle Accounts Payable.
•Reconciles Supplier and Customer Accounts.
•Prepares monthly report related to the operational result of each subsidiaries.
•Prepares Annual Budget Reports.
•Consolidate Revenue and Expenses gathered from branches, subsidiaries and head office unit for the purpose of submission to the top management.
•Prepares documents related to application and renewal of facilities with the bank.
•Monitor due dates of Letter of Credit (LC) and Trust Receipts (TR) to ensure sufficiency of funds in the bank.
•Prepares monthly necessary journal entries related to provision and amortization.
•Provide yearly required reports and schedules to external auditors.
•Prepares monthly bank reconciliation.
•Manage Goods Receipt Note (GRN) and charging appropriate expenses.
•Monitors acquisition and disposal of fixed assets.
•Prepares telegraphic transfer letter for payment to foreign suppliers.
•Analyze and monitor the agreed credit terms and schedule of payment to suppliers.
•Conduct yearly physical stock counting to different company outlet or branches.
Review the trial balance of bank branches for any unusual or negative balances on a daily basis.
•Check the accuracy of teller’s validation of deposits and withdrawals affecting cash and client’s account.
•Record the acquisition of fixed assets and pass monthly depreciation.
•Daily monitoring of cash maintained by branch.
•Monitor interest income and withholding tax account of branches.
•Prepares schedules and reports required by the regulatory agencies.
•Data/Journal entry preparation and encoding.
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