Senior Accountant
Reckitt Benckiser
Total years of experience :9 years, 2 Months
Main tasks:
Managing and invoicing shipments between sister companies in KSA, UAE, and Bahrain, and verifying the prices of items in invoices in accordance with the company’s updated price structure.
Preparing a report analyzing inter-company mismatches (between sister companies) and resolving mismatch issues.
Resolve issues related to customers statements of accounts and amounts owed to ensure the speedy collection of funds owed from customers.
Preparing a cash flow forecast (monthly) & net working capital report.
Analyze liability accounts, receivable accounts, and received shipment accounts.
Responsible for managing AR and AP sections and preparing monthly closing and reporting.
Supporting finance Controller in ensuring the timely month end closing.
Accounts Receivable tasks:
Receive, verify and process accurate customer payments and issue payment receipt to customers.
Coordinate with the customers to resolve any inaccurate payment and escalate any unresolved issues to Finance Controller.
Ensure that an accurate / updated aging reports and other relevant Accounts Receivables reports are available (via system) to support required analysis.
Prepare AR aging report (Monthly) and review aging reports to identify potential delinquent accounts and pursue appropriate collection efforts with support of Finance Controller.
Ensure sales taxes are calculated correctly.
Escalate dispute cases to dispute resolution team with the support
of Finance Controller.
Make necessary updates to the Accounts Receivable records for
write-offs associated with approved delinquent accounts by
ensuring appropriate accounting entry is created.
Update credit limit in line with organization policy and seek approval
from FC & FD.
Preparation bad debts entries (Monthly).
Contribute to preparation of Accounts Receivable related reports for the management, auditors, etc. as per the directions of Finance Controller.
Accounts Payable tasks:
Adding a new vendor with a commitment to provide the requirements of the company's policy.
responsible for ensuring that all invoices are processed accurately and in a timely manner.
Obtaining proper information and data regarding invoice payments
Ensure purchases taxes are calculated correctly.
Checking vendor files for any previous payments and assigning
voucher numbers.
Maintaining accurate financial records, preparing reports and
reconciling accounts.
Reconciling bank statements.
Prepare AP Aging report (Monthly).
Accounting Supervisor- GL Section: (Currently):
▪ Monthly review all entries for accounts payable and accounts receivable processes.
▪ Managing journal entries and ensure proper general ledger coding in support of monthly closings.
▪ Developing bank reconciliations, intra-company reconciliations, and other month-end general ledger reconciliations.
▪ Prepare Accruals & Amortization entries.
▪ Corporate income tax filings
▪ Adjustments Entries.
▪ Handling accounting and related system reports for accuracy and completeness to include auditing master records and transactional data
▪ Prepare report for external audit.
▪ Submit the tax return to GAZT (Monthly).
Senior Accountant (2017-2019):
Accounting Responsibilities:
▪ Review and verify for all journal entries.
▪ Preparation of monthly and weekly Bank Reconciliation Statements.
▪ Preparing & Controlling checks and Advance Payments Balances.
▪ Monthly accounts closing adjustment entries.
▪ Verifying & Approving the Claims payment.
▪ Check for all Payments Voucher / Receipt Voucher.
▪ Preparing monthly Payroll through Oracle System & uploading to the bank
▪ system & costing to transfer to GL.
▪ Preparing quarterly / annually industry comparative reports and analysis.
▪ Assisted Chief Accountant with month - end financial close and reporting.
▪ Helping in the preparation of the financial statement (Balance Sheet, Trail Balance, P & L).
Non-Accounting Responsibilities:
▪ Prepare Company results announcement in Tadawul (Quarterly).
▪ Prepare dividend announcement and results of Board meeting in Tadawul.
▪ Assistance in Update of Corporate Governments based if there are new regulations.
▪ Assistance in Prepare and Update the policy of the board and other committees based on new regulations.
▪ Prepare list of updates shareholders report to pay dividends amounts.
▪ Review and revise of Minutes of meetings of the Board of Directors and committees.
▪ Participate in preparing the financial part of the annual report (2015 - 2018).
Accounting Officer (2015-2017):
▪ Preparing Journal entries through Oracle System.
▪ Bank Reconciliation.
▪ Bank Collection & Payment process.
▪ Monthly accounts closing adjustment entries.
▪ Monitoring Daily Bank Position in respect of collection & payment processes management.
▪ Preparing a complete set of Payment Voucher / Receipt Voucher.
▪ Preparing monthly Payroll through Oracle System & uploading to the bank system.
▪ Preparing daily report related to company investment position.
▪ Preparing quarterly / annually industry comparative reports and analysis.
Finance