Accounts Manager
ARMS JOBS
Total years of experience :16 years, 10 Months
Providing and interpreting financial information
Monitoring invoices as follow-up of payment collection.
Ensuring staffs meets the target as per offer and report to managing director.
Monitoring and interpreting cash flows and predicting future trends
Analysis change and advising accordingly
Formulating strategic and long-term business plans
Researching and reporting on factor influencing business performance
Analysing competitors and market trends
Developing financial management mechanisms that minimize financial risk;
Conducting reviews and evaluations for cost-reduction opportunities:
Managing a company financial accounting, monitoring and reporting systems
Liaising with auditors to ensure annual monitoring is carried out:
Developing external relationships with appropriate contacts, e.g. auditors, bankers
Monthly accounts closing & MIS Processing.
Finalisation of accounts & financial statement analysis and administrative financial handling.
Coordinates the processing and entries of all the raw data required for management and financial reporting at unit level
(e.g., actual, budget, forecast) and the production of periodic management reports;
Maintenance of Payable Schedule
Cash flow forecast and its analysis on monthly basis
Fund management
Payment authorization.
Purchase order authorization.
Ensuring that accounting records and reports are in compliance with IFRS and Company regulations and policies
Preparing reports and analysis of departmental and area operations as requested by Management
SIGED EMIRATES LLC Abu Dhabi, United Arab Emirates
Job Profile:
Payroll Administration:
• AX Employee update - Salary & Bank info update
• Maintenance (Employee Actions/Adjustments/Additions/Deductions)
• Handle the payroll of 250 employees through WPS.
• Timesheet tracking & validation
• Payroll admin check reports
• WPS Processing -Salary sheet & SIF file approvals, Pay-slip distribution
• Month end accruals-Salary, ESB & Leave.
Inventory Management
• Item Journal Postings
• Stock taking & review
• Weekly & Monthly Tally sheets (BS Recon)
• LPO Review (Inventory / Project item)
Fixed Asset Management
• Asset TAG Creation in system
• Monthly depreciation & project allocation
• Equipment Job Card Maintenance
• FA Reports (BS Recon)
• LPO Review (FA Related)
• Supervise a team of 4 accountants (Team of 10 Staff) & handle the payroll of 100 employees through WPS.
• Timesheet tracking & validation
• Payroll admin check reports
• WPS Processing -Salary sheet & SIF file approvals, Pay-slip distribution
• Month end accruals-Salary, ESB & Leave.
• Coordination with Banks for Letter of Credit & Guarantee Processing.
• Inward bank documentary collection & its fund management.
• Monthly accounts closing & MIS Processing.
• Finalisation of accounts & financial statement analysis and administrative financial handling.
• Coordinates the processing and entries of all the raw data required for management and financial reporting at unit level(e.g., actual, budget, forecast) and the production of periodic management reports;
• Maintenance of Payable Schedule
• Cash flow forecast and its analysis on monthly basis
• Fund management.
• Intercompany fund allocation.
• Price list processing & review.
• Price Estimation for Major and Specific Tenders.
• Receivables management.
• Audit Coordination for Group Companies.
• Inventory Valuation & management.
• Payment authorization.
• Purchase order authorization.
• Ensuring that accounting records and reports are in compliance with IFRS and Company regulations and policies
• Preparing reports and analysis of departmental and area operations as requested by Senior Management.
• Ensures that training and development needs of Finance Personnel are met and provides assistance and support as needed
• Providing required inputs related to Cost Estimates and going cost trends to Planning and Business Development / Proposal departments.
• Liaise with auditors for annual audits and ensure various schedules are accurate (Provisions / leave accruals / prepayments and work in progress).
• Maintenance of fixed assets registers & schedules.
• Establishing and maintaining effective business relations with vendors, clients and bankers.
Responsible for the Business Units' Financial planning, development, and implementation of effective and efficient Financial Control, strategies, policies, and procedures.
Responsible for the preparation of periodical funds Flow statements, project budgetary controls, Sales forecast, business plans & reporting to Group Managing Director Serving as a liaison between the Company and external auditors.
Establishing and maintaining effective communication and coordination with Company personnel, departments, and management.
Supervise & coordinate the Accounts division; ensure that all accounts responsibilities are handled efficiently and effectively.
Presenting a true and fair view of the financial position of the company by preparing financial statements viz, P&L Account, Balance Sheet and annual reports.
Ensure accuracy of information contained in financial reports & their compliance with statutory requirements.
Prepare annual budgets as well as conducting variance analysis to find out causes of deviation and undertaking corrective measures
Supervise the whole range of Accounts Payable, Receivable & Budget Preparation.
Management of Payroll and Management Reporting Activity.
Responsible for daily funds position, receivables position & reporting to Finance Manager
Prepare Projected & Actual Cash Flow Statements.
Manage the Invoice generation Operation & Credit Control.
Ensure General Ledger entries are accurate and are in line with Company Procedures & International Accounting Standards.
Finalize Trial Balance with supporting schedules.
Check Monthly Bank Reconciliation Statements of all bank accounts maintained; resolve any differences in a timely manner.
Preparing periodical cash flow & fund flow statements for Monthly Sales, Purchase, Plan, Monthly Stock Report etc.
To monitor exchange rate with bank to avoid loss on exchange rate.
Ensure continuous development & improvement of the procedures within the finance department.
Liaise with & assist internal & external auditors; implement recommendations if any; take corrective action wherever required.
Conducting internal audits & reconciliation.
Advising Business Units' department managers regarding accounting entries, reports, and comparative analyses.
Bank Reconciliation.
Internal verification & reconciliation of payments.
Updating of payment schedule.
Payroll Processing (WPS).
MIS Reporting: Sales, Expenses.
Tender- Price Estimations.
Foreign Currency Schedule update and initiation pf purchase.
Finalisation of accounts.
Receivable forecast & update in the cash flow statement.
Petty Cash Management.
Costings on Material Receipts vouchers.
International Payable processing.
Local payables processing
Purchase order verification.
Worked As Office Administrator
MBA FINANCE