Accounts Officer
TECHNICAL METAL EST
Total years of experience :16 years, 0 Months
Responsible for Receivables invoicing, cash application, research and investigation of chargebacks and other adjustment entries for discrepancies.
Ensure the accuracy of accounts receivable balances by considering the discounts, interest, commissions, proportions/percentages and bank charges. Monitor the credit limits.
Resolving discrepancy issues like billing problems, duplication of invoices, issuing credit/ debit memos, corrected invoicing and supporting for document control and payment collections.
Supporting management in decision making by determining client’s eligibility for the proposed type and amount of credit by analysing credit worthiness of customer and business credit policy.
Monthly, quarterly and annual reporting which includes, corporate AR board schedule preparation, revenue recognition schedules, prepare budget, bad debt analysis and ageing reports.
Responsible for process of bank documents like Letter of Credit and Performance Bank Guarantee Bonds to customer.
Regularly evaluated customer financial data and payment history to evaluate credit exposure and adhere to credit policies and providing information for departmental, interdepartmental use.
Preparation of Bank reconciliation statement, calculation of salary and performing month end close activities.
Processing and managing suppliers and subcontractors invoices timely and accurately.
Coordinating with internal and external audits as a result of sound record keeping and thorough documentation.
The team was responsible for Accounts Receivables division for Direct Energy, Canada based company involved in Oil, Gas and Electricity plant projects.
Effectively communicate with Project Managers and Sponsors, regarding contract documents, purchase orders, change orders and other contract modifications.
Assess and pursue opportunities for maximization of project profitability and communicate with Project Managers and Sponsors.
Monitoring of Accounts Receivables, Payables and Project billing, Preparing monthly Project accounts and management information reporting.
Review of time and expense entries on a weekly basis to ensure correct classification prior to billing.
Research any unbilled receivables and ensure the maximum billings for each billing period.
Develop and generate weekly and monthly project management reports, including, burn rate reports, utilization reports, project summaries and earned value reports.
Issue monthly project profitability reports and monitor against project budget.
Ensure all correct documentation in place prior to the commencement of the project in accordance with standard operating procedures.
Ensure Project Managers and Sponsors obtain the necessary change orders prior to the exhaustion of the existing purchase order.
Develop and maintain Project Management Procedures and Assist Project Managers and Sponsors with specific project reporting needs.
Assist in the month end close, reconciliations and variance analysis.
Providing training for new staff in the areas such as client relations, system operations and procedures.
Maintaining financial transactions in Tally ERP and Assisted on completion and maintenance of general ledgers
Maintaining Fixed Assets & Staff Salary Register and Payroll preparation.
Assisting in budgeting and MIS Report preparation and as a credit analyst to shorten receivable cycle.
Preparation and issue of payment cheques and Bank reconciliations.
Assisted on completion and maintenance of general ledgers.
Assisting the Auditor for all Statutory Requirements and preparing auditing and compliances documents. Preparing annual report.
Performing the assigned task in preparation of operating, working capital and cash flow statement to top management.
Handling petty cash and processing employee expenses claim reports.
Intern Project on Non Performing Assets in Vijaya Bank H.O.