Senior Accountant
Qatari German for Medical Devices Company
Total years of experience :18 years, 5 Months
• Prepare Financial Statements (P&L and Balance Sheet) monthly, quarterly, and annually.
• Perform month-end and year-end closing process and ensure timely closing of accounts.
• Analyze financial information and prepare financial reports for the Finance Manager and key personnel.
• Responsible for preparing movement of Equity, PPE, finance cost, Gratuity, Inventory and schedules of loan, Revenue, Payable, Income, G&A, S&D etc.
• Liaise with internal and external auditors to ensure compliance.
• Liaise with Finance Manager to prepare, review and finalize budget, analyze variances between approved budgets and actual figures.
• Determine standard costs, investigate variances with actual costs.
• Maintain internal control through effective accounting system and policies.
• Liaison with banks trade finance department regarding LC, Tender Bond, Performance Bond as per project requirement and handle routine bank works.
• Perform forex revaluation and bank reconciliation at every month end and collect balance confirmation from banks.
• Prepare daily cash projections and manage the payables & receivables to ensure operations do not affect fund flow.
• Maintain loan records and schedules to ensure timely repayment.
• Verify the acquisition of Asset, control fixed asset register, perform depreciation on monthly basis, update movement of PPE and monitor and control the asset by tagging with proper code.
• Verify annual leave, end of service settlement, Payroll, and process salary through Wages Protective System.
• Analyze & investigate inventory discrepancies identified in year-end physical stock-takes from past to current year-Inventory management.
• Produce customer invoices, applying fair credit practices and record revenue.
• Monitor receivable ageing, tracking customer advances, reconciliation and follow up to ensure customers payments on time.
• Analyze actual revenues and costs with projected budget and prepare root-cause variance analyses reporting to management on a periodic basis.
• Ensure to withhold taxes from payments, if applicable, as per Qatar Tax Law and issue Withholding Tax Certificates to Suppliers.
• Perform Goods Receipt Note Costing and review GRN in line with supplier invoice, delivery note and purchase Order or contracts for financial compliance.
• Record and post invoices, ensure coding invoices to the correct GL account & cost center and process supplier payments, track advances and PDC’s.
• Prepare and process Letter of Credit and payments through Documentary Credit Facility by ensuring that all the documents are sent in compliance with requirements.
• Reconcile vendor statement; respond to general queries and ensure all invoices booked.
(AMW undertakes metal works and façade engineering works for major projects from villas and high-rise buildings to airports. AMW is a subsidiary of the Sobha Group companies.)
• Overseeing routine bank work and Perform bank reconciliation.
• Processing supplier and subcontract invoices by verifying, ensuring compliance with POs or WOs contractual.
• Processing payments as per agreed plan.
• Reconcile vendor statements and resolution of issues with suppliers.
• Process monthly payroll through wages protective system.
• Responsible to Prepare and arrange Guarantee from bank as per project requirement.
• Coordinate with project manager for all required billing documents and prepare invoice to the main contractor or client and post ledger entries.
• Coordinate with clients for payment certificate.
• Follow up payments by making daily collection calls and emails.
• Prepare Debtors and Creditors ageing report and submit to management monthly.
• Handle intercompany transactions and reconcile monthly.
• Prepare schedules for financial closing and assist auditors.
• Prepare report on Monthly Figures of Cash, bank, Debtors, Creditors, Revenue etc.
(Sobha Limited is an Indian multinational real estate developer).
•Handling local logistics and petty cash.
•Coordinate with warehouse to monitor stock level.
•Researching Vendors, Sending Enquiries and collecting Quotation from suppliers.
•Preparation of Purchase Order and follow-up with suppliers to ensure timely delivery.
•MIS preparation.
Bachelor of Commerce (B. Com) in Accounting & Finance
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