Senior Accounting & Auditing Specialist
Petrochemical Industries Company
Total years of experience :31 years, 10 Months
Supervising the preparation & maintenance of statutory books of accounts, administering the finalization of year-end financial statements
Overseeing entire activities in accounts payable/receivable functions entailing collections, sending follow-up inquiries, negotiating with past due accounts,
Formulating budgets and conducting variance analysis to determine difference between projected & actual results and reporting the reasons for variations
Enforcing proper internal controls with the accounts payable process; taking steps to ensure no risk impacting the company’s statements
Supervising finance & commercial functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial and process controls & cost management
Preparing MIS reports and analyzing the same to provide feedback to the top management on business performance, viz. monthly turnover, profitability, turnover & quarterly group comparison, etc.
Directing & coordinating Accounts Receivable and Credit and Collections functions including billing, collections, bad debt reserve analysis, third-party commissions, and sales tax reporting.
Executing relevant general ledger account analyses and supports the monthly financial reporting process
Enforcing proper internal controls with the accounts payable process; taking steps to ensure no risk impacting the company’s statements
Furnishing with timely & accurate financial information and analysis critical to strategic decision-making
Evaluated accounting records, assessed technical abilities of end users, developed and implemented customized accounting programs, provided training, and support to staff.
Evaluated credit risks securing investment in A/R and maintained collection to meet daily / monthly cash flow and ensured individual customer DSO’s are in alignment with their terms Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.
Maintained excellent client relationships and kept up to date account management records.
Prepared various financial reports and cash flow forecasts for management and external auditors.
Reviewed and compared actual financial results against plan and forecast reports.
Interact with internal and external auditors in completing audits.
Reduced time and errors by designing templates and providing training to accounting staff.
Supervised maintenance of company’ general ledger including compliance with the chart of accounts and coordinated monthly reconciliation of all accounts.
Prepare profit and loss statements and monthly closing and cost accounting reports.
Coordinated all activities and strategic planning with other departments.
Developed a costing system reflecting all cost elements to improve efficiency and profitability.
Handled all the general accounting and finance functions including: A/R, A/P, F/A, Payroll and G/L.
Planned, supervised, managed and completed audit assignments.
Prepare profit and loss statements and monthly closing and cost accounting reports Planned, supervised, managed and completed audit assignments.
Implemented and provided training on the corporate accounting policies and procedures.
Performed general review audits of internal controls, financial, administrative policies and procedures and provided suggestions for improvement through written documentation to companies’ executive management.
Conducted official general interim and final audits on major corporations and various industries.
Improved and boosted profitability to a new level of 18% net profit by reducing financial charges after restructuring of credit lines and reducing financial gap.