Accountant
United Arab Shipping Company
Total years of experience :15 years, 1 Months
Responsibilities Assigned:
• Fixed Assets :
- Maintaining Fixed Assets register and work in progress schedules.
- Calculate depreciation for all fixed assets.
- Conduct periodic physical inventory counts of fixed assets.
- Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
- Consolidating the group fixed asset for reporting to management and project department.
- Record fixed asset acquisitions and disposals in the accounting system.
- Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
- Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
• Payroll :
- Processing payroll of Head Office and Middle East region of around 500 employees.
- Processing all non-payroll income (such as reimbursements, duty travel, etc.) and loan deduction.
- Responsible for passing all the entries related to payroll in the financial books.
- Reconciliation of control accounts related to payroll (such as pension, provident fund, leave, etc.).
- Reconciliation of all staff receivable account on monthly basis and issuing statement of accounts.
- Responsible for calculation of End of service and leave provision staff wise and pass all the necessary entries.
- Preparing all reports related to staff whenever required by the management.
• Regional Offices :
- Fully responsible for the recording monthly expenses for the Regional offices in Europe and Mediterranean.
- Reporting to Regional office and Management on monthly expenses.
• Payables :
- Processing all supplier invoices received from Payables Department related to Administrative expenses and dispatching back to them for payment.
- Accounting all the supplier invoices related to fixed assets.
• Others :
- Preparing ad-hoc reports whenever required.
- Assisting HR Department during budget for staff cost.
- Preparing schedules for external auditors related to fixed assets and staff cost.
Achievements:
- Successfully completion of system and procedures along with HR Department of staff payments (such as loan, reimbursements) to paid along with monthly salary to decrease the petty cash payment.
- Successfully implemented new fixed assets (CODA ASSET) and completed migration of data as previous system (HARDCAT) was limited to some extent.
Responsibilities Assigned:
• Fixed Asset.
- Maintaining Fixed Assets register and work in progress schedules.
- Calculate depreciation for all fixed assets.
- Conduct periodic physical inventory counts of fixed assets.
- Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
- Record fixed asset acquisitions and dispositions in the accounting system.
• Cash/Daily Collection Accounting and Reporting.
- Accounting division collection on daily basis.
- Reconciling cash collection with bank deposit on daily basis.
- Reporting to AFM on daily collection position.
- Preparing Cash inflows reports on daily basis and forwarding to Receivable Manager, Financial Analyst, Chief Accountant and AFM.
- Preparing report of funds routed bank wise and forwarding to AFM and GFM.
- Reconciling collection ledgers on monthly basis to ensure the correctness.
• Payables and Others.
- Payment to Air travel agents and Camp for staff at terminals.
- Reconciliation of Staff staying in the camp with HRA report to ensure staff staying in the camp is not entitled to HRA.
- Reporting to AFM on the Business travel air ticket cost, annual leave air ticket cost and project air ticket cost.
- Making payment to local suppliers.
- Several revenue reconciliations.
- Bank Reconciliations.
- Stores Reconciliations.
- Monthly closing related works (provisions, expense booking, etc.).
- Assisting Chief Accountant during the monthly closing till finalization of accounts.
Achievements:
- System to reconcile the operation movement reports with cash received/debit note raised to ensure all the invoices are raised for the operations done at terminals.
General Work in Accounts
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