Financial Accounting Consultant/Specialist - Group Finance
Ooredoo Qatar (Former Qtel)
Total years of experience :23 years, 2 Months
Key Responsibilities:
•Performing general accounting functions, including operation of the general ledger system, journal entries and month-end closing.
•Preparing financial statements, trial balance and bank reconciliations while enabling smooth finalization of accounts. Analyzing general ledger accounts to determine their accuracy and ensured all funds are in balance.
•Costing and pricing of products/contracts undertaken in order to determine variable & fixed costs and breakeven.
•Examining journal/ledger entries, bank statements, inventories, expenditures, tax returns, other accounting/financial records, documents and systems to ensure accuracy and compliance with established accounting standards and procedures.
•Handle accounting tasks related to petty cash, daily sales, accounts receivables, accounts payables, bank accounts, and provisional expense accounts ensuring accuracy, speed and efficiency.
•Monitoring day to day operations relating to follow up on outstanding works and work instructions, additionally assisting to accounting manager in managing his work to achieve financial status of the company.
•Evaluating financial reporting systems, accounting procedures/ activities to recommend/effect requisite modifications in operating systems, budgets and other financial control functions in liaison with senior management.
•Assisting in the preparation monthly management reports, accompanying schedules, worksheets and narratives, including Budget vs. Actual variance reports and providing follow-up and documentation for significant variances.
•Delivering audited financial statement at year-end. Reviewing, developing and implementing modifications to auditing procedures assuring conformity to accounting policy to increase effectiveness and efficiency of auditing.
Highlight:
•Introduced the monthly financial reporting practice to the parent company in a moderate timing.
Key Responsibilities:
•Performing general accounting functions, including operation of the general ledger system, journal entries and month-end closing.
•Preparing financial statements, trial balance and bank reconciliations while enabling smooth finalization of accounts. Analyzing general ledger accounts to determine their accuracy and ensured all funds are in balance.
•Costing and pricing of products/contracts undertaken in order to determine variable & fixed costs and breakeven.
•Examining journal/ledger entries, bank statements, inventories, expenditures, tax returns, other accounting/financial records, documents and systems to ensure accuracy and compliance with established accounting standards and procedures.
•Handle accounting tasks related to petty cash, payroll preparation, daily sales, accounts receivables, accounts payables, bank accounts, and provisional expense accounts ensuring accuracy, speed and efficiency.
•Oversee work of finance department and monitoring day to day operations relating to follow up on outstanding payments and work instructions, additionally assisting to finance director in managing his work to achieve financial status of the company.
•Evaluating financial reporting systems, accounting procedures/ activities to recommend/effect requisite modifications in operating systems, budgets and other financial control functions in liaison with senior management.
•Assisting in the preparation budgets, monthly management reports, accompanying schedules, worksheets and narratives, including Budget vs. Actual variance reports and providing follow-up and documentation for significant variances.
•Delivering audited financial statement at year-end. Reviewing, developing and implementing modifications to auditing procedures assuring conformity to accounting policy to increase effectiveness and efficiency of auditing.
Highlight :
• Managed work for a group of four companies
- Oryx Energy Projects and Services LLC
- Clarendon Parker Qatar LLC
- Oryx Engineering Solutions LLC
- Mannai Enterprises LLC
• Obtained previous data from logbook and feed it into online system for availability of information.
Key Responsibilities :
• Spearheaded accounting/ financial disciplines included financial budgeting and planning/ forecasting management reports to align to the company’s operations.
• Supervised worked with accounts department to maintain financial systems & processes as well as to take process improvement initiatives ensuring accuracy, speed, efficiency and proper cut off for month-end and year-end close.
• Managed all day to day accounting functions within the organization, formulated financial statements and analyzed the veracity of transactions recorded across various books of accounts maintained.
• Analyzed key finance performance indicators and trends, such as financial ratios and cross division comparisons which, includes established financial benchmarks of acceptable performance and comparison of actual results to budget thus initiating corrective actions.
• Monitored the accounting, management, financial, treasury (cash/ facilities/ investment management) and collection functions in compliance with financial policies/procedures of the organization.
• Observed journal/ledger entries, bank statements, inventories, expenditures, tax returns, other accounting/financial records, documents and systems to ensure accuracy and compliance with established accounting standards and procedures.
• Liaised with auditors, prepared detailed reports on audit findings and provided recommendations to improve organization’s accounting/ management practices.
• Recruited competent accounting personnel trained them and monitored their performance to ensure smooth execution of all accounting activities.
Highlight :
• Successfully developed financial structure for the company.
• Served as key member, oversaw accounting procedures and documentation flow.
• Integrated/implemented robust financial planning techniques/ procedures and control systems in Doha operation.
Key Responsibilities :
• Developed and implemented financial policies, systems, and procedures to enhance the company’s financial sustainability and growth.
• Produced and enhanced strong systems and processes inline with business needs; facilitated financial analysis as required and ensured timely/ accurate reporting to the upper management.
• Reviewed monthly/yearly financial & income statements, balance sheets, cash flow projections and quarterly profit & loss to reduce cost.
• Established financial benchmarks of acceptable performance & comparison of actual results to budget thus initiating corrective actions by analyzing KPIs & trends.
• Prepared financial performance progress reports, estimated budgets and performed variance analysis comparing actual with the defined ensuring affirmation with business plans.
• Congregated weekly, monthly, quarterly, annual financial reporting and submitted the same to the GM in Doha to track progress record of the organization. Conducted internal audit to guarantee regulatory compliance and operational efficiency and accuracy.
• Liaised with the finance team members, provided leadership/ guidance, proposed process/ system enhancement to improve team's performance and output.
• Oversaw the development and implementation of reporting procedures; oversaw maintenance of department records /disposal and retention of the same according to retention schedules and policies.
• Assumed responsibility to manage the company in the absence of the GM in compliance with organizational rules and regulations
Joined as Accountant, charted a phenomenal growth chart through exceptional performance to merit promotion to Chief Accountant.
Designation Chronology:
• Jul ’04: Chief Accountant
• 2003: Accountant
Highlight :
• Developed & implemented the structures, processes, procedures and control systems in business.
Overall Responsibilities :
• Planned, organized, assigned, reviewed, and evaluated all accounting procedures and policies to ensure transactions are efficient and effective and accounting is accurate and complete.
• Directed/upgraded the financial accounting policies and procedures, supervise the preparation of financial reports, including cash flow, income statements and balance sheets. Reported to the GM in Saudi Arabia regarding issues related to cash flow/ cash requirements.
• Computed cost of services for repair and maintenance of customers’ cars, ensured proper posting to ledgers, performed accrual calculations and accounts analysis including budget comparisons.
• Ensured that financial reports are prepared in accordance with local accounting regulations, business practices and tax legislations. Assisted in determining that internal control procedures and accounting policies are in place.
• Organized Chart of Accounts, trial balance, P&L reports, Balance Sheets as well as examined financial accounts/ records and prepared income tax returns.
Previous Professional Experience :
• Sep ’99 - Feb ‘01: Accountant, Nuwara Eliya Hotels Co. Ltd. and Grand Hotel (Pvt.) Ltd., Nuwara Eliya, Sri Lanka
• Aug ’98 - Sep ‘99: Financial Accountant, CBL Computers & Technologies Ltd., Nawala, Sri Lanka
• Jan ’94 - Feb ’98: Accounts Trainee/Audit Senior, KPMG Ford Rhodes Thornton & Co., Colombo 3, Sri Lanka
Other Training & Certification: • Jan ’08: Postgraduate Diploma in Management (Finance special), USQ • Jan ’07: Postgraduate Certificate in Management (Finance special), USQ • Aug '04: Certificate in Business Accounting level (CBA), CIMA • 1992: General Certificate of Education Advance Level Currently pursuing a certification from the Chartered Institute of Management Accountants -(CIMA) United Kingdom: