Senior Accountant - Financial Reporting & Budgeting
Al Burj Holding
Total years of experience :11 years, 11 Months
Maintain a complete system for Financial Reporting which provides consistent, reliable, and timely information to management for decision-making and which is flexible and dynamic enough to evolve with changing business needs.
• Support accountants with their financial reporting requirements including monthly actual results, monthly forecasts, and annual budget including submissions, deliverables and review meetings.
• Analyze the annual budget and monthly forecasts prepared by the accountant prior to submission. Update department budget/forecasts templates and send to accountant for completion & Director of Finance review prior to submission.
• Consolidate budget/forecast and provide to senior management with insight into variances vs. prior forecasts and periods, revenue growth and composition, A&R, Investment and other areas.
• Participate in Financial Review Meetings with Corporate and resolve outstanding items if any.
• Participate in presentations for Budget and Forecasts to Senior Management. Perform a review of monthly actual results (P&L and BS) and discuss with director of finance and finance team to understand variances from expectations (forecast/budget) and summarize results and provide to senior management.
• Assist in reviewing bi-weekly cash forecast from affiliates prior to submission.
• Coordinate cost containment program, analyze and consolidate submissions and track actual. Assist in reviewing findings from industry compliance audits & resolving any pending items to conclude the audits.
• Prepare various ad-hoc analyses report and participate in various projects when required.
Responsible for month end closing process and preparation of financial statements for various entities, for CFO’s review, firm’s partners and external auditors.
• Coordination of the quarterly review and annual audit with our external auditors, including the timing of audit, provides leadership to financial reporting and accounting departments in preparation of work papers, and coordination of responses to questions.
• Working with executives and business heads to Initiate and finalize annual budget and quarterly forecasting activities and reporting and track profit & loss performance by business unit and on consolidated basis.
• Analysis of monthly general ledger account activity, journal entries, accruals, variances to forecast, and reconciliation of various accounts, fixed asset administration, and various employee benefit accounting.
• Assists in the ongoing maintenance of Hyperion to ensure accuracy and efficiency of the consolidation and reporting process and implementation of Oracle.
• Supervision of accounts payable process and accounts receivable billing process produces monthly, quarterly and annual financial reporting.
• Supervises and reviews the work of the accounts payable staff to ensure timely and accurate payments and maintenance of various spreadsheets to support financial transactions & analysis of various expenses.
• Assist in preparation of audit work papers for year-end audits with outside auditors and Liaise with the auditors to ensure a clean and timely year-end audit.
• Bank reconciliations and various treasury functions, including bank liaison and cash flow management between various bank accounts and entities.
Prepares asset, liability, and capital account entries by compiling and analyzing account information.
* Perform the processing of functional and benefits expense allocations, monthly accruals, amortization of
prepaid expenses, fixed assets depreciation and recording of adjusting and reclassification journal entries.
* Maintain general ledger by transferring subsidiary accounts, preparing a trial balance reconciling entries.
* Perform the processing and recording of accounts payable transactions and ensure that all invoices and
staff reimbursements are paid accurately and in accordance with Finance policies and procedures
* Perform general accounts analysis and reconciliations, including bank statements, fixed assets, employer’s
benefit costs, accruals and prepaid expenses.
* Prepare financial reports such as financial statements, budget performance and financial reporting.
* Produces payroll by initiating computer processing, completes external audit by analyzing and scheduling
general ledger accounts, providing information for auditors.
* Ensure accuracy of financial statements in accordance with GAAP and compliance to internal policies.
Evaluating of SBLC/BG ( Stand By Letter Of Credit/ Bank Guarantee) making necessary changes as per
company requirement and payment of SBLC/BG
Substantiates financial transactions by auditing documents.
Arranging of fund for payment proposal to vendors, duties, rent &salaries.
Reconciles financial discrepancies by collecting and analyzing account information
Assist with implementing and maintaining internal financial controls and procedures.
Assist in preparation of actual and forecasted financial reporting packages highlighting revenue and
related compensation
Handle other day-to-day work Assigned by Finance Manager.
Daily cash flow entries / reports and purchase entries along with LPO validation
* Preparing financial Reports such as sales, purchase, bank, cash inflow, final statement etc. when required
by the management.
* Follow up on the account receivables and ensure to keep updated on accounts payable
* Ensure monthly reconciliation of all the suppliers and customers statement
* Proper coordination, communicating with customers via phone, email, mail or personally
* Monitors assigned payroll activities and program components for the purpose of ensuring compliance with
established financial, legal and administrative requirements.
* Summarizes current financial status by collecting information, prepare balance sheet, profit and loss
statement and other reports. Prepares asset, liability, and capital account entries by compiling and
analyzing account information.
* Monitor & resolve bank issues including fee anomalies and check differences reconcile and maintain
balance sheet accounts.
MBA in Finance is an Post Graduate Degree Program focused international financial and investment management, under distance professional learning.
Bachelor of Accounting and Finance is an Graduate Degree Program, under three-year regular course.