Chief Accountant
Gulf Worldwide Bearings FZE, UAE
Total years of experience :16 years, 1 Months
Performing all activities across the accounting lifecycle from end to end including receivables management, monthly financial closing, analysis, and reporting to top management, providing key insights on financials and strategic aspects to support policy formulation.
Management of trade finance activities, including liaising with banks, financial institutions, investors, and stakeholders to secure finance and arrange trade facilities.
Preparation and submission of daily reports such as Daily Finance Report, Daily Sales, and Daily Production, providing real-time updates on financial and operational performance.
Formulating the bank reconciliation statement to ensure accuracy and completeness of financial records.
Executing cash flow forecasting for projects and operations, facilitating effective cash management and planning.
Development of annual finance budgets and setting monthly sales targets to drive financial performance, assessing variance and reasons for it.
Regular reporting of expected cash movement to management on a daily basis, aiding decision-making and cash flow management.
1. Provenance Interiors LLC, DIP-2 Dubai
Profile : A leading advertising company located in Dubai Investment Park-2 in the manufactur-ing of Exhibitions Stand, Window Displays, Wall Displays and doing Digital Printing and Exe-cuting sales Promotion activities for Major Clients Johnson & Johnson, Henkel FZCo, Nestle UAE , Philips Middle East, Sony Middle East Etc.
Monthly closing, Analysis and month end reporting to top management on key finan-cials and strategic aspects to facilitate policy formulation
Cash Flow Forecast- Projects & Operations
Preparing annual finance/operating budgets and monthly sales targets
Reporting of expected cash movement to management on daily basis
Revenue and cost analysis with respect to stage of completion of a project
Fund Management- Liaised with banks, financial institutions, Investors and other stake holders and raised finance and arranged trade facilities
Experienced in Trade Finance instruments like STL/LCD/TR etc
Effective Accounts Payable & Receivables Management to ensure timely collec-tion/payment and ensuring healthy cash flows
Closing entries of accruals and prepayments related to Incomes and expenses
Recording of daily banking transactions, Weekly, and monthly bank reconciliations
Maintaining Fixed Assets Register, computation & recording of depreciation, and an-nual closing entries
Payroll, WPS & EOSB calculations
Expenses controlling-Implementation of timely cost control/saving measures
Recording of routine expenses including Utilities, and Petty cash expenses
Coordination with External auditors, ensuring good corporate governance and compli-ance with regulations
Monitoring, evaluation and preparation of records for timely submission of VAT Re-turn.
Control of petty cash
Profile: A Leading Manufacturing Company in UAE involved in production of Aluminum Alloys & Trading & imports & Exports of Ferrous & non Ferrous Scrap all over the world. Approved by ISO- 9001 :2000 A member of ISRI, Gold member of BIR & Founder of Middle East Recycling Association
Preparing Purchase related documents ( purchase contracts, shipment doc-umentations, certifications etc. ) for validity, completeness and accuracy before passing supplier advance advices and final settlements, keeping control over credit utilization policies / quality-quantity claims, retentions &also ar-ranging payment to suppliers as per terms.
Preparation and presentation of Banking credit documents such as TR documents to various banks in the consortium, as per credit policies and limits.
Controlling the Accounting procedure relating to A/P, up-to-date and accurate accounting of Goods-in-Transit (GIT), Purchases and Stock, including internal transfer of material within the Group Companies.
Controlling daily reconciliation of all bank accounts
Controlling the repayment schedules for various Bank credits & loans utilized / PDCs outstanding and coordinating with Finance Dept. for fund requirements.
Monthly reconciliation of Suppliers’ accounts and reporting to the GM (Finance & Accounts) on the statistics of Purchases, Creditors’ Turnover and Credit Uti-lization, with Budgetary variance reports.
Coordinating for follow-up with Suppliers for Quality-Quantity Claims, with Quality Control and Purchase Depts.
Coordinating with the Statutory Auditors of the Company, for facilitating the conduct of audit. Preparation of Local Cheques for Freight, Handling charges for imports, customs, inspection Charges payment, Local purchase, Commission payment to Agents, Releasing payment after Checking & reconciling the payment status with company books
Assisting Finance Manager at year end for closing books of accounts of Finalization, passing Journal vouchers for depreciation, prepaid, accrued expenses. Assisting in Audit-ing at the year
Maintain physi-cal cash balance
.
Profile: A Limited company dealing with Installation & Maintenance of A.C, Chiller & Cooling System in Major companies like Saudi Aramco, SABIC Etc.
Verifying and checking of Journal entries, General ledger transactions to ensure proper recording.
Cross checking of cash payment vouchers and petty cash vouchers.
Execution of bid bond guarantees and performance guarantees.
Cross checking of employees’ vacation settlement and end of service benefits.
Allocating of expenses to various cost centers and generate project wise profit & loss account.
Recheck of Journal Entries, Debit Notes & Credit Notes.
Monitoring and checking of Fixed Assets and to keep Fixed Asset & De-preciation Schedules.
Counter Checking of Purchase and sale orders.
Reviewing & reconciliation of creditors and debtors ledgers.
Responsible for payable & receivable management.
Monitoring all Payments through Banks to the suppliers.
Recheck of accrued, prepaid expenses & accrued, unearned incomes
Posting & reviewing of closing entries.
Counter checking & monitoring of all day to day accounting entries and generating various accounting reports to Finance Manager.
Process, verify & finalize Trail Bal-ance, Profit & Loss Account and Balance Sheet at the end of the each accounting pe-riod.
Monitor and control the routine and handling of all doc-uments flow, to prevent accesses of unauthorized staff, including de-livery and collection with acknowledgement filing, maintaining and ensuring safe custody of all financial documents.
Coordinate with bank authorities, auditors and ensure proper compliance with all statutory regulations and company poli-cies and proce-dure
Specialization in Financial Management