Chief Accountant
Whole Foods Trading Company
مجموع سنوات الخبرة :16 years, 4 أشهر
• Financial Reporting: Ensure accurate and timely preparation of financial statements in accordance with local accounting standards (such as IFRS) and regulatory requirements. Provide insights and analysis on financial performance to senior management and stakeholders.
• Budgeting and Forecasting: Lead the budgeting and forecasting process to support strategic decision-making. Collaborate with department heads to develop budgets, monitor variances, and revise forecasts as needed.
• Tax Planning and Compliance: Develop tax strategies to minimize tax liabilities while ensuring compliance with local tax laws and regulations. Coordinate with tax advisors and authorities to address tax issues and optimize tax efficiency.
• Internal Controls: Establish and maintain effective internal controls to safeguard assets, prevent fraud, and ensure compliance with company policies and regulatory requirements. Conduct periodic audits to assess the effectiveness of internal controls and recommend improvements.
• Financial Analysis: Conduct financial analysis to evaluate performance, identify trends, and forecast future financial outcomes. Provide recommendations for cost reduction, revenue enhancement, and operational efficiency improvements.
• Treasury Management: Manage cash flow, liquidity, and banking relationships to optimize financial resources and minimize risks. Monitor banking transactions, manage foreign exchange exposure, and oversee investment activities.
• Team Leadership and Development: Lead and mentor the accounting team, providing guidance, training, and support to ensure high performance and professional development. Foster a culture of collaboration, accountability, and continuous improvement.
• External Relations: Serve as the primary point of contact for external auditors, tax authorities, financial institutions, and other stakeholders. Build and maintain relationships with external parties to facilitate compliance and support business objectives.
Manage and oversee the daily operations of the accounting department including:
month and end-year process
accounts payable/receivable
cash receipts
general ledger
payroll and utilities
treasury, budgeting
cash forecasting
revenue and expenditure variance analysis
capital assets reconciliations
trust account statement reconciliations,
check runs
fixed asset activity
debt activity
Monitor and analyze accounting data and produce financial reports or statements
Establish and enforce proper accounting methods, policies and principles
Coordinate and complete annual audits
Provide recommendations
Improve systems and procedures and initiate corrective actions
Assign projects and direct staff to ensure compliance and accuracy
Meet financial accounting objectives
Establish and maintain fiscal files and records to document transactions
Financial Reporting: Prepare and maintain financial statements in compliance with local accounting standards (such as International Financial Reporting Standards - IFRS) and regulations.
Bookkeeping: Record financial transactions accurately in the general ledger, including accounts payable, accounts receivable, payroll, and fixed assets.
Tax Compliance: Ensure compliance with tax laws and regulations applicable in the Middle East region, including VAT (Value Added Tax) and corporate income tax. Prepare and file tax returns accurately and on time.
Accounts Reconciliation: Reconcile bank statements, accounts payable and receivable ledgers, and other financial accounts to ensure accuracy and integrity of financial data.
Audit Support: Assist in the preparation for internal and external audits by providing documentation, explanations, and support as required.
Communication: Communicate financial information effectively with internal stakeholders, such as management and department heads, as well as external parties including auditors, tax authorities, and regulatory bodies.
record entries-clothing the cash accounts -prepare reconciliation of bank accounts-revise expense entries on branches accountants in my company-prepare bank reconciliation-prepare debit note -review insurance policies ans fees send by insurance company -account the total fee for every month -prepare entries -review entries to the branches for the company at the end months-do entries- review and approve on custody -review the cash on document and actual -prepare annual insurance file -and review insurance receipts with insurance policy
Prepare customer statements, bills and invoices, and reconcile expenses to the general ledgerCalculate and post receipts to appropriate general ledger accounts and verify details of transactions, such as funds received and total account balances Prepare monthly receivable statements Compile and sort documents, prepare and post invoices and credit and debit memos Make copies of all checks, complete deposit slips and make bank deposits Work with collections personnel to verify status of delinquent accounts and solicit payments on overdue accounts Provide backup support to other groups in the accounting department, type periodic reports and perform other general administrative duties Rely on instructions and pre-established guidelines to perform the functions of the job Work under immediate supervision
Typically report to a supervisor or manager
Prepare customer statements, bills and invoices, and reconcile expenses to the general ledger Calculate and post receipts to appropriate general ledger accounts and verify details of transactions, such as funds received and total account balances Prepare monthly receivable statements Compile and sort documents, prepare and post invoices and credit and debit memos Make copies of all checks, complete deposit slips and make bank deposits Work with collections personnel to verify status of
Degree is good