Accounting Lead
Arabia Insurance Company
مجموع سنوات الخبرة :9 years, 3 أشهر
•Supervises the performance of the team and work closely with them in a supportive & effective manner
•Review all the accounting transactions and ensure compliance with procedures
•Performs month end closing of accounts, including recording of prepaid expenses, depreciation and accruals
•Review branches trial balances and reconcile of inter-branch accounts
•Monitor cash and bank accounts balances, and prepare cash flow report
•Prepare bank reconciliations
•Prepare regulatory reports (municipal tax and proportional stamps)
•Handle VAT, income tax and built property tax declarations
•Identifies changes & improvement needed in the processes, software and reports
•Investigate delays, solves problems and ensures timely task completion
•Coordinate with internal and external auditors on the regular audit engagements
• Implementing new transaction processing systems to ensure data optimization within the newly acquired entity
• Mitigating various operational risks by implementing reliable control procedures
• Working closely with the ERP support team to ensure a smooth transition from SAP to Oracle JDE, and to implement the necessary customization in order to accommodate the business needs
• Participate in developing an accurate items cost structure that served as a base for the pricing structure
• Verification, cost analysis and recording of goods related invoices
• Processing expense accounts & ensuring budget compliance
• Monitoring cash balance and preparing a weekly cash report to ensure adequate funding of operations
• Preparation and execution of payments in accordance to a precise payment schedule
• Validation of newly created customers.
• Issuing ageing and overdue reports on a weekly basis
• Issuing customer discounts in accordance with their monthly/yearly agreements
• Check and reconcile suppliers, customers & bank statements
• Validation of new stock keeping units and monitoring stock transactions
• Conducting cycle counts, highlighting obsolete items & near expiry
• Maintaining an asset register and a depreciation schedule
• Assist with month-end closing processes
• Assist in the preparation and declaration of social security & the value added tax
• Coordinate with internal and external auditors on the regular audit engagements
• Maintain proper banking relationship
• Verification and recording of supplier invoices in the ERP system
• Check, validate and process expense accounts
• Monitor liquidity against expenses
• Monitor accounts receivable and coordinate with sales supervisors to highlight collection issues
• Follow up and reconcile banks, suppliers and customers accounts
• Process payments and transfers to international and local suppliers on a monthly basis
• Assist in the preparation and declaration of the social security, the value added tax (VAT) and for income tax.
• Filing and other related administrative tasks
• Processing data entries of day to day accounting transactions.
• Follow up and reconcile banks, suppliers and customers accounts
• Follow up receivables, follow up & prepare payables.
• Filing and other related administrative tasks
• Assist in the preparation and declaration of the social security, the value added tax (VAT) and for income tax
• Accept payments from patients (Cash, checks, credit or debit cards)
• Issue receipts
• Issue payments or refunds to suppliers or patients based on pre-approved forms
• End of day cash reconciliation
• Respond to customer inquiries
• Communicate with customers through various channels
• Processing orders, forms, applications, and requests
• Keeping records of customer interactions, transactions, comments and complaints
• Communicating and coordinating with colleagues as necessary
Expected graduation summer 2020