Finance Intern
United Technologies Corporation-UTS Carrier LLC
مجموع سنوات الخبرة :3 years, 7 أشهر
• Assisting the accounts payable process by reviewing and validating all documents related to cheques and wire transfers before releasing the payments.
• Co-ordinates with Accenture (outsourced ¬¬services) on issues related to Accounts Payable and payments.
• Use Document Flow Manager (DFM) to validate payments and resolve any issues relating to processing of the payment.
• Using SAP for the Accounts Payable function and other adhoc tasks like checking changes to vendor, checking bank details and for assisting in issuing of debit notes.
• Auditing expense reports and entering the same in SAP.
• Other tasks includes using MS Excel to main the payment logs and also to keep a record of collections of payment in Dubai
Key Responsibilities
Accounting
• Maintain books of accounts, enter transactions in the journal, post journal entries to ledger books and handle daily and monthly closing of books of accounts.
• Examine the accuracy of accounting records, pass rectification and adjustment entries as required and assist in the half-yearly and annual financial closing.
• Generate invoices against purchase orders, reconcile and correct invoices in case of discrepancies and submit invoicing reports to the departmental manager.
Receivables Management
• Monitor the delivery schedules of orders, contact customers to expedite the collections process based on the credit policy of the company and report deviations to seniors for immediate corrective action.
• Scrutinize the cash conversion cycle to ensure enough liquidity to fund daily operations and maintain the petty cash register.
• Work with the accounting team to ascertain credit period allowable to customers based on creditworthiness and repayment capacities in order to avoid delays and losses due to bad debts.
Administration
• Maintain accounting / operational files and records; update the internal database to include customer information, order details, scheduled deliveries and details of orders fulfilled.
Key Responsibilitiesu**
• Maintained books of prime entry, subsidiary books and petty cash registers, and monitored receipts in the form of fees receivable for various dance classes scheduled.
• Updated records of fees paid in installments, provided accurate accounting treatment to income receivable but not realized and issued acknowledgements for fees received.
• Maintained records of classes for which registrations were full, discussed available slots to begin fresh registration for new candidates and responded to inquiries with precise information on classes available, dance forms taught and fees payable.
• Tallied the cash register daily, investigated discrepancies and reported findings to the senior management in case of any major differences in balances.
• Assisted the business development function, promoted the courses offered at universities, colleges and high schools, maintained a list of prospective candidates and contacted them to ensure enrollment.
Key Responsibilitiesu**
• Responsible for analysis of fast moving/slow moving products and reporting the same to the senior management.
• Conducted detailed study of prices offered by different companies, features of comparable products, discount schemes and add-ons offered and ensured clear-cut sales volume analysis for defined periods.
• Generated business performance MIS and market research analysis and submitted reports to the senior management for review and decision-making.
• Conducted overall analysis of all products including electronics, toys, accessories, books etc and compared the performance with other similar e-businesses.
Highlightsu**
• Awarded the “Shukran” honor on account of exceptional performance and all-round, productive contribution to various functions in the organization.
• Supported the automation of various operational processes, gathered requirements, assisted the technical teams in translating these systematically for implementation and integration and arranged end-user training sessions for employees in various departments.
Key Responsibilitiesu**
• Processed trade financed instruments including more than 100000 related papers and documents that also included trade guarantees for new corporate clients.
• Responsible for complete document scrutiny and analysis regarding trade guarantees provided to new and existing clients, and ensured their completeness and accuracy.
• Provided support to the Guarantees Team for migrating the system to a technically more sophisticated one.
• Developed a system for sorting and sequencing all trade guarantee documents that facilitated quick identification and retrieval of the documents.
Certifications • Pursuing: ACCA, Association of Chartered Certified Accountants, United Kingdom • Jun 2011: Certified Management Accountant (CMA), Institution of Management Accountants, United States
