Senior Accountant/Financial Controller
Global Hardware & Tools LLC
Total years of experience :28 years, 7 Months
Prepare profit and loss statements and monthly closing and cost accounting reports.
Compile and analyse financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions for Oil & Gas Industries
Analyse and review budgets and expenditures for local, state, federal, and private funding, contracts, and grants.
Monitor and review accounting and related system reports for accuracy and completeness.
Prepare and review budget, revenue, expense, payroll entries, invoices, and other accounting documents.
Analyse revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control.
Prepare Financial Modelling & Analysis, Cash Management & treasure duties.
Explain billing invoices and accounting policies to staff, vendors and clients.
Resolve accounting discrepancies.
Supervise the input and handling of financial data and reports for the company's automated financial systems.
Responsible for distributing financial statements and cost center reports.
Closely maintains and monitors the fixed assets system.
Assist with annual budgets - prepares all allocations.
Coordinate monthly closing process and reconciliation of general ledger accounts.
Responsible for all taxes obligations.
Work with both internal and external auditors during financial and operational audits.
Maintaining Inventory on FIFO basis periodically.
Prepare financial statement as per the IFRS and GAAP procedures.
Assisting ISO auditor and resolving requirements of audit.
Assisting in preparing Govt. Tenders like ADNOC and NPCC.
VAT Compliance.
Providing accounting and clerical support to ensure that financial transactions are in compliance and of the VAT regulations.
Preparation, validation and submission of monthly and quarterly VAT returns for the UAE entities.
Handle VAT reporting (payables and receivables). Ensure collections and payments are done in line with UAE regulations.
Prepare and manage all documents in line with VAT regulations and other related activities.
Maintain controls by adhering to the accounting department’s policies and procedures and ensure Tax practices are in compliance with UAE financial reporting statutes, standards and financial reporting best practices.
Conduct day-to-day transactional processing and reporting on taxation. This includes the accurate posting of all tax related entries.
Researching, analyzing and interpreting changing tax legislation in both inside UAE and in GCC.
Working with tax laws in UAE and update the changes to the management.
Compile, verify, and analyze financial information and prepare financial reports and accounting statements so that senior management has accurate and timely information for making financial decisions. These reports may include monthly VAT liabilities, VAT returns, regulatory reports.
Assisting Auditors in fulfilling ICV requirements.
Performing monthly revenue review and project based for billing submission.
Leave salary and end of services preparation for employees.
Maintaining details of import goods like commercial invoices, packing lists, certificate of origin, custom duty and freight charges.
Providing all documents required by court for filing cases against customers for non payment.
Calculating commission to sales persons on sales report.
Transferring funds to international suppliers for import goods.
Handling of new recruits, visa renewals and cancellation for employees.
Preparing annual insurance renewal process for the employees, stocks, plant, machinery, furniture, fixtures and ensure appropriate coverage is maintained at all times.
Maintaining strong working relationships with sales manager, auditors and lawyers.
Managed and supervised a professional accounting staff.
Responsible for preparing a IFRS Financial Statements on a monthly, quarterly, and annual basis.
Responsible for Year-end closing of Financial Statements.
Responsible in the preparation of employees salaries on a monthly basis, calculation of vacation settlements and end of service benefits.
Responsible for Bank and Account Reconciliation
Monitored and supervised implementation of the new system.
Responsible for providing necessary financial reports to management
Responsible for Cash Flow and Budget Projections.
Review of Journal Entries, A/P Vouchers, Accounts Receivable
Responsible for International trade transactions, i.e., Letter of Credit and supporting documentation.
Coordinated yearly physical inventory count.
Responsible in dealing with auditors .
Performing monthly revenue review and project based for billing submission.
Prepared Financial Statement
Manage Accounts team in this organization.
Monitoring preparation of statements including Trial Balance, P & L A/c, Client Outstanding, Account Receivable / Payable, General Ledger, Receivable Management, Balance Sheets on monthly as well as annual basis.
Preparation of Various MIS reports.
Accounts receivables / payables, Reconciliation/payment follow-up, issuance of Invoices / Debit / credit Notes.
Maintaining General Ledgers, Party Ledgers, Sales Ledgers, Purchase Ledgers.
Maintaining banking functions, including Bank Reconciliation Statement,
Cash Disbursement.
Maintaining Voucher entries.
Managing payroll processing function involving computation of salaries, attendance, leave, fixed and variable entitlements and filing of income tax, PF, TDS and other statutory returns.
Preparing internal and statutory audit schedules on quarterly and yearly basis.
Computing and arranging for timely deposit of taxes (Income Tax, Sales Tax, Service Tax and VAT) filing the returns for timely completion of assessment and ensuring statutory compliance.
Responsible in the preparation of employees salaries on a monthly basis, calculation of vacation settlements and end of service benefits.
Responsible in the preparation of materials inventory report monthly and performs the physical count of inventory on a yearly basis and sees to it that the materials or stocks on hand tallied with that of the stock per ledger.
Attended VAT & Income Tax Assessment for the last 14 years.
Responsible in determining the materials at the warehouse whether to be declared as damaged items or items to be written off.
Performing monthly revenue review and project based for billing submission.Managing purchase, sales, payment, receipt collection & journal voucher.
Verification of bills & reconciliation of total turnover and managing bank, debtors & creditors Reconciliation.
Preparing reports on accounts payable and accounts receivable, and maintaining cash transaction & petty cash book along with day to day cash & bank transactions.
Preparing outstanding list of Debtor & making Payment follow-up.
Reconciliation of Bank Statement at the end of month.
Manage Accounts team in this organization.
Monitoring preparation of statements including Trial Balance, P & L A/c, Client Outstanding, Account Receivable / Payable, General Ledger, Receivable Management, Balance Sheets on monthly as well as annual basis.
Preparation of Various MIS reports.
Accounts receivables / payables, Reconciliation/payment follow-up, issuance of Invoices / Debit / credit Notes.
Maintaining General Ledgers, Party Ledgers, Sales Ledgers, Purchase Ledgers.
Maintaining banking functions, including Bank Reconciliation Statement,
Cash Disbursement.
Maintaining Voucher entries.
Managing payroll processing function involving computation of salaries, attendance, leave, fixed and variable entitlements and filing of income tax, PF, TDS and other statutory returns.
Preparing internal and statutory audit schedules on quarterly and yearly basis.
Computing and arranging for timely deposit of taxes (Income Tax, Sales Tax, Service Tax and VAT) filing the returns for timely completion of assessment and ensuring statutory compliance.
Responsible in the preparation of employees salaries on a monthly basis, calculation of vacation settlements and end of service benefits.
Responsible in the preparation of materials inventory report monthly and performs the physical count of inventory on a yearly basis and sees to it that the materials or stocks on hand tallied with that of the stock per ledger.
Attended VAT & Income Tax Assessment for the last 14 years.
Responsible in determining the materials at the warehouse whether to be declared as damaged items or items to be written off.
Identifying accounts that are likely to become a bad debt.
Assessments of clients’ credibility.
Preparing an annual budget and scheduling expenditures.
Analyzing variances and initiating corrective actions.
Monitoring revenue and expenses.
Consolidation and evaluation of financial data.
Establishing chart of accounts.
Defining accounting policies and procedures.
Preparing Bank Reconciliation Statements and monthly MIS reports.
Taking care of TDS, VAT, PF, ESIC, loan, etc. of the employee and preparing invoices and memos.
Book keeping and updating records on daily and weekly basis including ledgers.
Maintaining petty cash.
Monitoring cash to avoid unnecessary expenses.
Using Tally wherever needed.
Handling accounting operations, including A/R, A/P, financial statements and analyzing reports for company’s operations.
Prepared quarterly balance sheet and reviewed the same with company management.
Preparation of Bank Reconciliation statements
Maintain GL Transactions.
Maintain TDS Details.
Monitoring of day-to-day transactions and verification of vouchers.
Follow Up on Outstanding debts.
Provide outstanding statements of Debtors.
Prepare daily expenses vouchers and making payment of various bills.
Monitor and review accounting and related system reports for accuracy and completeness.
Interacting with statutory auditors regarding audit finalization of accounts.
Reconciliation of party accounts and scrutiny of General ledger, preparation of monthly Financials.
