Chief Accountant
Imar Trading and Contracting
Total years of experience :24 years, 10 Months
Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with IFRS.
Responsibility for all journals and final GL balances including review of month end balance sheet reconciliations and control accounts.
Ensures that Accounts Payable monthly transactions are accurately transferred to the General Ledger and transactions reconciled
Responsible for the review process to ensure that the monthly transactions processed through Accounts Payable are accurately processed to the correct accounts
Conducts analysis of prepaid and accrual accounts and the preparation of adjustments as appropriate
Reviews the intercompany accounts and prepares journal entries as appropriate
Reviews the withholding tax reports and ensures that the payment is processed on set deadlines
Participates in the review process of the trial balance, ensuring expenses are properly recorded and adjusted as appropriate
Liaises with other department to facilitate the timely processing of transactions to ensure the General Ledger is closed on set deadlines
Participates in the monthly General Ledger close process, and assists the Financial Budgeting and reporting team with inquiries related to actual transactions processed through the General Ledger
Participates in the year-end financial requirements including the preparation of the lead sheets as part of the year-end financial close and assists with the overall external audit process
Resolves complex accounting issues or assists other accounting/finance/non finance personnel in resolving financial issues.
Developing external relationships with appropriate contacts, e.g. auditors, solicitors and bankers
Analyze financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets.
Develop, implement, and ensure compliance with internal financial and accounting policies and procedures.
Ensure the preparation of timely and accurate monthly management accounts and reports for operational management.
Preparation of budgets, forecasts and cash flows.
Achieves budget objectives by scheduling expenditures; analyzing variances; initiating corrective actions.
Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash.
Manages the relationship with the company’s external auditors and achieve the Company’s target of zero audit points.
Supervision of the accounts payable team to support all operating companies for all facets required of the accounts payable department. In addition, ensure all queries are handled in a timely and efficient manner.
Prepare all payroll functions to ensure that employees are paid in a timely and accurate manner.
Liaise with different departments to ensure the Finance department is properly supporting the needs of the operating businesses.
Prepare monthly financial statements, reports and records by collecting, analyzing and summarizing account information.
Plans, manages, coordinates, and implements the year end closing processes and procedures for the assigned accounting records; conducts year-end closing process.
Perform cash flow forecasting, budgeting and working closely with the operations and project teams in analyzing margins, variances and cost analysis.
Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.
Coordinate and resolve various issues with bank such as cleared check differences, bank fee anomalies, targeted balance calculations and enhancements to online services.
View, analyze and approve invoices obtained form Fixed Asset Associate.
Generate monthly depreciation postings and annual account reports to management
Collaborate with team members to monitor asset disposals and movements.
Performs verification and reconciliation tasks for invoices/receipts/balances according to department checks and balances procedures.
Confer and coordinate for audits with the internal and external auditors (KPMG, E&Y, and Deloitte & Touché).
Ensure that all bank transactions are accurately and timely processed into the accounting system.
Get bank statements weekly with which to do bank reconciliations.
Prepare bank reconciliation weekly.
Petty cash Analysis completed daily and prepared for processing into accounts system.
Transactions processed daily into accounting system.
Use designated forms to record Staff Loans and Advances.
Ensure forms are correctly authorized for all loans and advances before paying out any monies.
Ensure person receiving loan or advance signs for monies received.
Prepare all payment vouchers as per procedures and batch together for processing into accounting system.
Process all payment batches into accounting system as per procedures