Accounts Officer
ALAFCO Aviation Lease and Finance Company
Total years of experience :16 years, 3 Months
• Preparing schedules for accruals, prepaid expenses, advance receipts, receivables & posting closing entries for the same in the company software;
• Preparing journal entries, reconciling the ledgers and posting entries into the company software.
• Performing impairment analysis for each of the Aircraft (Asset), based on their respective future cash inflows.
• Retrieve trial balance from the company software and reconcile the general ledger balances with the schedules.
• Assist and support in consolidation of various Special Purpose Companies (SPC’s) with the parent company;
• Prepare financial statements of the company.
• To enter the USD (receipts) accounting entries into the accounting software system and keep all the ledgers up to date for the company in a timely manner.
• To update the maintenance reserve & lease rent schedule for each of the module in the accounting software.
• To prepare journal entries for employee business travels based on the duty form submitted and post related journal entries into the company software.
• Account and process all the scheduled USD financing payments for the company, in a timely manner and posting of the same in the company software.
• Calculate and prepare payroll, ensure that all employees are paid accurately and post journal entries of the same;
• Reviewing various financial covenants being offered to the lenders and observing compliance with the same;
• Compute tax payable for various SPC’s (Irish).
• Coordination with external auditors in finalizing audits
• Follow-up with the creditors on payments for invoices raised by the company.
• Handling and accounting for petty cash of the company.
Handling the Corporate Service Providers to take care of different SPC’s
incorporated in due course;
* Preparation of Lease Rental Invoices;
* Assistance in preparation of payroll;
* Tracking the receipts and payments in the company's bank accounts on a daily
basis and prepare bank reconciliation (USD) accordingly;
Taking care of Clients viz their requirements, pitching for new business as
well as handling the suppliers and dealing with them.