Senior Accountant
Landmark Group
Total years of experience :21 years, 7 Months
Senior Accountant of 4 members’ team in Excel Healthcare LLC Mar 2014 - Till Date
A Landmark Group Enterprise, brand name with iCare Clinics a renowned name in healthcare industry with 6 clinics in Dubai, dynamic growth in business with an accurate focus by skilled management to become number one in a decade.
Reporting to the HOF, Responsible for the financial accounts of the company, with Annual Turn Over of AED 30 million. Responsible for a team of 4 Accountants.
Review payment voucher prepared by AP team member, checking proper accounting entries
Checking DSR reflecting daily sales compare with budget and daily cash sale collection through bank statement
Prepare weekly sales report and monthly as well considering target with different aspect: Clinic wise, Doctor wise, Department wise, compare with previous months’ and years’ figures and numbers.
Keep control on 22 Landmark Group’s intercompany receivable, reviewing Inter Company Reconciliation.
Coordinating with Insurance Team, keep review on monthly basis Claim submission, Rejection, Re submission, Payment received and regular follow up with Insurance Company for unprocessed claims, Reconciliation of claims receivable against payment with different Insurance Company.
Analysis on variance in margins of COGS and Operating Expenses
Monthly Payroll Accounting of 200+ staffs, analysis on differences compare with previous month
Computing monthly doctors’ incentive on the basis of their generated revenue.
Prepare monthly P&L report differentiating MTD and YTD
Likewise monthly prepare different periodic Management Reports (Quarterly, Half Yearly & Annual) providing variance analysis of business results and highlighting the reasons for the variances
Prepare monthly MIS reflecting movement of different parameter: Cash Sale, Intercompany Sale, Insurance Sale, % of growth or decline, Doctors’ periodical performance. Report is preparing in Power Point for presentation to Management and brief in meeting presence of HOF, CMD and CEO of the company.
Keep control on all GL accounts, Review different balance sheet schedule: Prepaid, Provision for expenses, Staff Advance, Leave Salary Payable, Gratuity and others.
Preparing of Forecasted cash flow, keep control on cash availability for regular payment.
Responsible for Bank Reconciliation, at the same time going through different suppliers’ reconciliation.
Generate payable ageing analysis on a regular basis to avoid any delays in suppliers’ payment
Co-ordination and assisting to internal Auditors and Statutory Auditors.
Maintaining Asset Register/ CAPEX ensuring every addition and disposal of assets are properly done.
Prepare operating budget based on previous figures and considering management’s new proposed project.
As iCare Clinic is a 3 year old company in healthcare industry and it is growing dynamically. Preparing MODEL forecasting probable expenses considering Capex, Operating Expenses and Revenue on the basis of requirement and feasibility in market while planning to open any new project/ clinic.
Accounts Executive of 6 members’ team in Swiss Arabian Perfumes IND LLC May 2010 - Mar 2014
A Multinational Company in UAE with branches in all over GCC, France & Canada. The leading Manufacturer, Exporter, Distributor & Retailer of French & Arabic Oil/Perfumes, with 128 stores all over GCC.
Was reporting to the CFO, Responsible for the financial and management accounts of Group, including 78 Retail Shops, with Annual Turn Over of AED 2 billion. Responsible for a team of 6 Accountants.
Monitoring and checking of all the accounting entries and ensure that it is posted to the proper accounts.
Reconciliation of all local & foreign supplier accounts.
Maintaining Asset Register and ensure that every addition and disposal of assets are properly done.
Prepare operating budgets based on previous figures or estimated revenue and expense reports
Prepare balance sheet, profit and loss statement, and other financial reports.
Worked on AR, AP, Monthly Payroll Accounting of 250+ Staffs
Reconciliation of balance sheet accounts.
Support Marketing and Sales Teams in preparing P&L projection for promotions and launches, analysis of financial viability of new openings and marketing budget follow-up
Generate payable ageing analysis on a regular basis to avoid any delays in suppliers’ payments.
PL write-up analysis of variance in Margin, COS, Operating expense
Prepare periodic Management Reports (Monthly, Quarterly & Annual) providing variance analysis for business results and highlighting the reasons for the variances
Preparing cash flow with the Finance Manager and preparing the payments as per the cash flow.
Responsible for Bank Reconciliation and Co-ordination with Auditors
Ensure that Promotions & Pricing scheme is done correctly to get an accurate result during implementation of the promotion & Pricing Scheme
Responsible for timely collection of payment from Shops & Clients
Responsible for all cash advance settlement of Staff & Paid to vendors
• Effectively managed the accounting activities and administration works of the organization.
• Recorded daily accounting transactions using Tally accounting software.
• Prepared payroll statement, Profit & Loss Accounts, Balance Sheet.
• Successfully managed bank transactions and coordinated preparation of bank statements.
FINANCE, MANAGEMENT ACCOUNTS, COSTING, TAXATION