Accounts Manager
ABDULAZIZ BIN JASSIM GROUP
Total years of experience :21 years, 1 Months
• Maintain good relations with bank officials & attending negotiation meetings for financing and facilities
• Appointing & Maintained coordination with Statutory Auditors and provided required inputs to facilitate audit process.
• Feasibility study for the upcoming projects & major procurements of expansion and Capital expenditures
• Finalizing the insurances with insurance brokers, negotiation meetings, comparison etc
• Manage the accounts of the company while evaluating the functions & activities to ensure cost efficiency within the budgeted parameters. Prepare departmental budgets & integration of all departmental budgets into organizational budgets.
• Review the profitability of business units to assess the correctness of revenue and expenditure accounted while evaluating the internal control systems & procedures to highlight shortcomings & implementing necessary recommendations.
• Involved in import & export LC / LG documentation, negotiation, weekly & monthly cash & fund flow of the plant
• Systematized the entire process of costing, conducted cost analysis and computed detailed Product Costing.
• Involved in finalizing the accounts, prepared the financials in accordance with IFRS standards and consolidated the final accounts of subsidiaries in Bahrain, Qatar, Yemen with parent company
• Controlled the activities of the purchase and stores department and experienced in the manufacturing accounts.
• Prepared Payroll for 81 employees (staffs & labors) and transferred the salary to their bank accounts.
• Credentials of having handled all Tax matters such as Sales tax returns, excise returns and service tax matters.
• Handle the administration of the plant activities including HR policies and imprested control system of the plant.
• Looked after the actual VS budgeted plant budget comparison and forecasting and MIS and Product costing of the products.
• Manage the accounts of the company while evaluating the functions & activities to ensure cost efficiency within the budgeted parameters. Prepare departmental budgets & integration of all departmental budgets into organizational budgets.
• Review the profitability of business units to assess the correctness of revenue and expenditure accounted while evaluating the internal control systems & procedures to highlight shortcomings & implementing necessary recommendations.
• Involved in import & export LC / LG documentation, negotiation, weekly & monthly cash & fund flow of the plant
• Looked after calculation & payment of fund expenses, dividend, corporate action processing and performance fee calculations.
• Approved and released payments to suppliers by checking MR, PO, GRN & invoice
• Managed entire accounting operations of corporate office and facilitated accounts finalization after compiling and consolidating accounts of the plants and branches.
• Checked all enquires, quotations, sales orders, and entering sales invoices in system and entered the accounting data in an ERP program designed for Polycon.
• Provided leadership to the accounting staff & secured their undivided focus with constant monitoring and motivational inputs.
• Maintained coordination with Statutory Auditors and provided required inputs to facilitate audit process.
• Ensured that all procedures are implemented and relevant records are kept for ISO certification; Responsible for MIS preparation on a monthly basis
• Managed accounting operations of the manufacturing units and maintained books of accounts in line with the statutory regime.
• Systematized the entire process of costing, conducted cost analysis and computed detailed Product Costing.
• Actively involved in monitoring statutory books of accounts, bank reconciliation as well as financial statements including Trial Balance, Profit & Loss Account, Income & Expenditure A/C, Accounts Payables and Receivables Statements and Quarterly, Half early & Annual Balance Sheets.
• Preparation of Purchase Registers, GRN, DC’s, Payment Vouchers, Purchase Vouchers, Debit Notes, Credit Notes to rectify books of accounts and accounts receivable of debtors.
• Responsible for Debtors Ageing Control & maintaining close coordination with sales team for collection of overdue payments.
• Successfully liaison and coordinated with banks and other institutions regarding company matters, made efforts to establish healthy and close relations with them for smooth running of the business.
• Negotiate & liaise with banks and financial institutions for raising fund and non-fund based facilities at favorable terms to meet working capital requirements. Liaise with External & Statutory Auditors while conducting audits for evaluating internal control systems/ procedures with a view to highlight the shortcomings and implementing necessary recommendations.
• Manage tax compliances, Statutory Registers, expenses Accounting, adjustments, sundry creditors/ debtors reconciliation, Contractors’ bill processing & verification, TDS, Retention Money & Accounting, etc.
• Oversee the implementation of internal controls, developing MIS and conducting costing analysis including monitoring of imports, exports, purchase and sales department. Manage the team while delegating work, updating them with latest trends & techniques in the process as well as training them for the improvements in work.
• Efficiently coordinated and interacted with government bodies regarding company matters.
• Specialized in commercial activities of the company - like Preparing Quotation, Attending Tender, Negotiation with customers & Follow up for Payment collection etc.
• Maintained stock in FIFO method and entered Cash, Bank, Journal vouchers, Purchase, Sales Bills in Tally.
• Accountable for quarterly tax declaration and documentation of Sales Tax, Service Tax, Prof. Tax, FB Tax calculation and return filing, periodic visit to the government Tax Department, & Collecting different “Forms” from Sales Tax Dept.
• Preparation of Annual Budget & Periodical MIS reports (contains BS, P&L, Variance Analysis etc; visited legal advisor every month and coordinated with him & different government Departments
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