Senior Accountant
Schneider Electric FZE
Total years of experience :21 years, 7 Months
Monthly closing of books. Preparation of financial statements for 5 legal entities in the gulf region.
Management of Accruals, prepayments and control accounts.
Analysis of major variances in costs.
Assist in preparation of payroll and payroll accounting in terms of deductions, provisions, final settlements, posting salary JV etc.
Reconciliation of cash & bank balances. Cash flow forecasting and analysis.
Management of Inter-company accounts and reconciliations.
Verifying and processing of bulk payments like staff expenses.
Asset accounting, reporting, tagging and inventory counts.
Interacting with external agencies including banks, auditors, corporate HO etc.
SAP implementation and continuous improvement projects.
Super user for accounting department and first level contact for all accounting issues in SAP.
Creating user manuals and conducting on the job and formal training sessions for staff.
Maintaining various master data like the vendor master, internal order master, GL master, Chart of accounts, bank master, asset master etc
Key achievements:
• Was part of the team which successfully implemented SAP in Schneider Gulf (Ensejam Project).
• Successfully completed the bank payment automation with generation of encrypted files from SAP.
• Setting up e-banking functions like file upload, check outsourcing etc.
• Successfully completed the staff expense claims workflow and integrating it with SAP.
• Accounts Payable
• Intercompany accounting, netting and balance confirmations,
• Managing recharge of costs between entities
• Customer receipts
• Reconciliations of bank and payable accounts
• Vendor invoice booking and reconciliation of accounts with vendor statement.
• Vendor payments by bank transfer and check. Maintaining PDC check file and updating senior accountant for cash flow reporting purposes.
• Retail sales accounting. Reconciling POS collection with daily sales report for six mobile retail outlets in Dubai and Abu Dhabi. Posting credit card receipts and cash deposits in the bank.
• Handled the function of inventory accountant which included receipt of stock (GRN), transfer of stock in the system, Inventory ageing analysis and organizing cyclical counts, Maintenance of stock Ledger
• Issue credit notes to customers for return of goods in coordination with the RMA/Quality department
• Inventory costing in terms of freight on cost, customs duty for import shipments. Calculation of on-cost percentage and managing the freight clearing account.
• Stock transfers from main warehouse in Jebel Ali and between retail outlets.
• Stock ageing analysis with regular management reporting on inventory.
• Agreeing and scheduling the cyclical counts with the warehouse in charge. Analysing discrepancies and take necessary action. Co-ordination with auditors for inventory counts to justify the presence of sufficient internal control on physical inventory
Part Qualified.