Senior Accountant
Confidential Company
Total years of experience :16 years, 8 Months
• Prepare financial reports, A/R aging, financial forecasts on a regular basis.
• Analyzing financial statement on a monthly basis and preparing report for actual financial results versus budgets.
• Timely alert to senior management of any doubtful debts and discuss any future course of action legal, settlement or arbitration.
• Risk analysis and order release, follow up on outstanding collections, negotiations and settling collection plans in advance.
• Ensure that credit policies are understood and facilitate in debt collection.
• Maintains accuracy and efficiency of day-to-day activities for the accounts receivable function.
• Maintains cash flow forecasting, preparing monthly A/R controls, general ledger reporting, timely closings and reporting to management.
• Ensures all credit memos and debit memos are approved according to policy.
• Ensures an accurate and timely periodic closing process.
• Reconciles all accounts receivable and accrued rebates balance sheet accounts monthly.
• Monitors customer account details for non-payments, delayed payments and other irregularities.
• Proposes provisions for doubtful debts and delinquent collections.
• Researches and resolves payment discrepancies.
• Maintains Accounts Receivable customer files and records and Perform other accounting duties as requested by Finance Director.
• Carry out annual external auditor by analyzing and scheduling general ledger accounts and providing required information.
• Preparing financial statements viz, Income
statement, Balance Sheet and Cash flow statement.
Supporting schedules according to monthly close
schedule.
• Ensuring on-time and accurate updating of
accounts books and their reconciliation.
• Managing the cash flow and ensuring adequate
availability for operating activities.
• Evaluating all revenue and expenses of the
company to determine their accuracy and ensuring
all transactions are managed appropriately.
• Analyzing financial statement on a monthly basis
and preparing report for actual financial results
versus budgets.
• Develop detailed spreadsheets identifying trends in
revenue & cost.
• Forecast sales, cost and profitability for the
companies various business units.
• Assist the direct reporting line in preparing the
annual Budget circular and Budget Templates.
• Create and monitor a system of controls,
procedures, and forms for the recordation of fixed
assets.
• Ensure that the asset registers are updated
regularly.
• Reconciles all accounts receivable and accrued
rebates balance sheet accounts on monthly basis.
• Resolving issues related to vendor invoices and
inter-company reconciliation.
• Preparing various report as per International
Franchise requirement.
• Prepare the staff Incentive and take the necessary
approval from management
• Assist in coordinating with the internal auditors,
provide the all required information
• Assist the external auditor by analyzing and
scheduling general ledger accounts and providing
required information.
• Approved sales invoices, creditor’s payments
and other payables after careful verification.
• Responsible for reviewing and accurately
maintaining all necessary and appropriate
accounting records.
• Monitored accounts receivables, recommended
credit limit for new customers, reviewed debt
collection and periodically confirmed balance to
customers and Finance manager.
• Prepared debtors report for accounts
outstanding over credit limits and taking
appropriate action of doubtful debts / bounced
cheques.
• Debtors / Creditors reconciliation on a monthly
basis to provide accurate information to the
management.
• Direct control and supervise the accounting staff
to get the work done on time.
• Preparation of bank reconciliation and fund
management.
• Preparation of stock movement report weekly
basis to provide accurate stock information.
• Preparation of monthly salaries and FPF, FTE
Calculation as per local labour laws Act.
• Calculated and prepared reimbursement billings
and track receivable, and
• Assisted the Finance Manager in the preparation
of periodical Group statements of Accounts,
monthly, quarterly, annually and in the
budgetary Control Statements, Annual Budgets,
Cash Flow Statements and other accounting and
allied information.
• Being responsible for maintenance of cash book, which include disbursement, monitoring bank balance and preparation of monthly cash projection and bank reconciliation.
• Certifying Officer for all expenses incurred upon day to day transactions.
• Maintaining and updating of all records and registers to ensure accuracy, completeness and validity of transactions on a timely basis.
• Reviewing and analyzing of accounts on a daily, weekly and monthly basis to provide accurate information to the management.
• Ensuring that transactions which chart of accounts and existing guidelines.
• Preparing budgets and variance reports.
• Direct involvement in the preparation of: Trial Balance, Cash-flow statement, Profit and Loss Account and Balance sheet.
• Preparation of salaries, time cards, in support documents and updating personnel files.
• Taking initiatives to enrich control processes to be compliant with the acceptable reporting standards and norms, and
• Coordinating with the external Auditors in respect of submission of account and tax-related matters.
Financial Accounting and Auditing:
• Familiar with accounting, operations and control aspects of organizations in the School, Government, Banking, Local Trading, Manufacturing & Service Sectors.
• Experienced in maintaining and preparation of financial statements and records in compliance with Sri Lanka Accounting Standards. Further, in preparation of the accounting based management reports.
• Undertake individual assignments of preparation of Quarterly Financial Reports according to CSE requirements.
• Experience in preparation of financial statements including accordance with Sri Lanka Accounting Standards and Other regulations.
Taxation:
• Experienced in Deferred Tax in accordance with Sri Lanka Accounting Standards and experience in computation of National Building Tax (NBT), Value Added Tax (VAT), Financial VAT and Turnover Tax in accordance with the respective Acts.
• Experienced in Deemed Dividend Tax Computation.
B.Com University by the Ministry of public Administration Sri Lanka.
Partly Qualified in Chartered Accountancy of Sri Lanka • Completed CAB I (Foundation) examination of ICASL – 2011 • Completed CAB II (Intermediate) examination of ICASL – 2012
• Associate Member of Certified Professional Managers – ACPM0709
Member of the Association of Accounting Technicians Sri Lanka, (MAAT) - M6723