Financial Accountant
GULF REINSURANCE LTD (DIFC)
مجموع سنوات الخبرة :12 years, 1 أشهر
Core activity is processing of reinsurance accounts and claims.
Prepare VAT returns every Quarter as per the UAE laws.
Assist CFO with month end process and accurately produced month end and quarter end
reports.
Reconcile client statement of accounts and monitor overdue account receivable
balances.
Prepare and analyse various reports and perform supplemental processes to support
reports, utilizing the microsoft stack of tools such as MS SQL server, etc.
General accounting involves tasks such as accounting vendor invoices, updating bank
ledger, costing (prepayments and accruals) and bank reconciliation.
Review and reconciliation of incoming and outgoing payments and perform cash
allocation for assigned brokers.
Using Great Plains for generating the Trial Balance and Regis for operations.
Confirm and process adjustable features on provisional and sliding scale commissions,
premium and loss adjustments, profit commission, OSLR and IBNR adjustment, loss
corridors, reinstatement premium etc.
Success Examples -
Successfully implemented VAT process in year 2018. Used Excel to create a VAT
automated file for preparation of tax invoices.
Timely reconciliation of client statements and debtors chase facilitated cash flow.
Review claim submissions in accordance with policy terms. Any difference is immediately
brought to the notice of management.
(Payables)
Supporting the business by managing the booking and payment of vendor invoices.
Liaising with the procurement team to ensure the vendor profile maintained is up to
date. Also review vendor Statements of Accounts & reconcile with SAP
Responsible for reconciliation of trial balance of Accounts Payable accounts to corporate
monthly reporting, verifying correct booking of balances.
Preparation of Debit/Credit notes especially for Intercompany transactions.
Month end activities included bad debt provision review and entry, intercompany
reconciliation, cost center reports, GIT booking, Bank reconciliation, and reconciliation
of sub ledgers to general ledgers.
Preparation of financial statements Trading and Profit & Loss A/C, and Balance Sheet for
the company and its associated companies.
Assist manager to achieve business plans and generate profitability chart.
Managing cash flows
Monitoring credit terms with buyers and suppliers.
Preparation of documents for import and export such as
Analysis of financial statements Profit & Loss A/C, and Balance Sheet of the client.
Accordingly prepare financial spreads and proposals, to decide the loan capacity.
Scrutiny of loan proposals and examining them to ensure completeness of supporting
information and compliance with bank requirements.
Undertaking detailed analyses of proposals to assess the completeness of
documentation to process the case as per the bank’s criteria of “capital, capacity and
credibility” are satisfied.