Chief Accountant
Orkila
Total years of experience :17 years, 1 Months
Inducted as Senior Accountant and worked up the hierarchy to merit promotion to the position of Chief Accountant.
Designation Chronology:
• March 2011 - Present: Chief Accountant
• March 2009 - January 2011: Senior Accountant
AWI Company is renowned as one of the major Media Company in the region having 22 branches all over the Middle East and with numerous famous brands inclusive of Al Waseet Magazine, Layalina Magazine, Mari clear Magazine, Basamat Print House and fortune magazine Arabia.
Key Responsibilities:
• Spearheading all day to day accounting functions within the organization; devising and implementing financial policies, systems and procedures to enhance the company’s financial sustainability and growth.
• Identifying, analyzing and resolving accounting discrepancies, ascertaining that all policies and procedures are in compliance with established accounting standards, internal controls and applicable laws and regulations.
• Analyzing and monitoring journal vouchers on a daily basis, whilst ensuring strict adherence to organizational policies and procedures.
• Evaluating weekly reports prepared by the accounting team prior to submission to the management to ensure accuracy and compliance with established accounting standards and procedures.
• Efficiently handling an array of activities pertaining to reviewing monthly wages and salaries along with supplier’s monthly payments to ascertain smooth functioning of the operation in an efficient and effective manner.
• Conducting follow up with the Collection Supervisor to control receivables and conduct risk in acquiescence with accounting principles and standards.
• Streamlining the preparation of monthly projected cash flow, thus monitoring the same to formulate long and short term strategies for enhancing organizational revenues.
• Foreseeing the supervision and control over the full execution of the company's commercial & credit policies for seamless functioning of activities leading to optimal growth chart of the organization.
• Forecasting the preparation and management of budgets, thus comparing operating and financial plans with actual performance to analyze variance with a view to maximize turnover/profits.
• Directing the preparation and maintenance of requisite financial reports in an accurate manner in order to provide a precise timely insight of the business operations and keep the senior management abreast of all operational, financial, legal and fiscal issues in the region.
Key Responsibilities:
• Planned, organized and evaluated all accounting procedures and policies to ensure transactions are efficient/ effective, accounting is accurate and complete.
• Instrumental in facilitating and completing the monthly close out procedures, thus analyzed revenues, commissions and expenses to assure that they are recorded appropriately on a monthly basis for better workflow.
• Streamlined and controlled budgeting process, ensuring its timeliness, accuracy and consistency, thus analyzing variance and suggesting corrective actions for proper flow of work.
• Compiled and reviewed all monthly/annual financial statements including P&L, Balance sheet and associated financial statements, monthly closing of accounts, AP/AR, summaries, cash flow projections, bank reconciliation statements, other cost-benefit analysis and financial management reports.
• Examined and analyzed journal/ ledger entries, bank statements, and other accounting records to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal controls.
• Assumed responsibility for assessing all invoices for appropriate documentation and approval prior to payment, simultaneously matched invoices with cheques and obtained all signatures for cheques and accordingly distributed the same to ensure smooth execution of workflow.
• Proficiently prepared all payments and transfers related to accounts payable of sister companies in accordance with internal procedures and standard accounting practices.
• Maintained accurate records of all fixed assets within the organization, thus accountable for fixed asset processing and reporting, calculating depreciation and updating the same with additions during the year.
• Drafted financial reports that summarize and forecast organization's financial position, such as income statements, balance sheets, and analysis of future earnings/ expenses and submitted the same to the management to facilitate decision making on financial matters of the organization.
• Kept abreast of all pertinent legislation, rules, regulations and court decisions that may relate to organizations financial affairs functions.
United Group is well known as the largest Media Company in Syria with many media activates pertaining to Al Waseela Weekly Classified Magazine, Concord Out Door Advertising, Yellow Pages, What's on Magazine and Baladna Newspaper.
Key Responsibilities:
• Managed and updated all books of accounts right from ledger/journal entry to finalization of accounts and prepared financial statements viz P&L account and balance sheet.
• Performed general accounting functions encompassing operation of the general ledger system, journal entries and month-end closing to ascertain efficient record keeping and retention.
• Handled all accounting procedures pertaining to posting of journal entries, maintaining general ledgers accounting software package, reconciliation of accounts and monthly closing of books, while ensuring affirmation with business strategies.
• Supervised the preparation of monthly trial balance, other financial statements and bank reconciliations enabling smooth finalization of accounts, thereby analyzed general ledger accounts to determine their accuracy and ensured all funds are in balance.
• Actively involved in processing customer returns & disbursements, thus issued customer credits to achieve maximum efficiency.
• Oversaw the preparation of all monthly, quarterly and year-end financial reports and submitted to the senior management to facilitate further decision making.
• Kept complete, accurate and systematic set of records for all financial transactions personnel accounts pertaining to organizational standards.
