Finance Accountant
Abdul Jalil Mehdi Mohd Al Asmawi Group of Companies
مجموع سنوات الخبرة :10 years, 4 أشهر
Execution of Receivables & Payables management, consolidation of balances to trial balance before accounts finalization, Accounts balancing & compilation of balances from Trial Balance to P&L Account & Balance sheet to ensure accurate year end close. Disposition of Bank Reconciliations statements & cash reconciliations, MIS Reporting congruence to the management stratagem.
Advance Rental income invoicing, booking security deposits & refunding of security deposits, ejari processing fees & payable management of maintenance dept & DEWA.
Evaluating and ensuring accuracy in various books of accounts, clearing backlogs prior to generating financial statements and reports & Maintaining accuracy in various documents like disbursement vouchers supported by invoices, purchase order, delivery note, quotations, management approval and other documents prior to disbursing payments.
Up-keeping suppliers & customer’s accounts, reviewing purchase, sales invoices & inventory receiving vouchers, payments processing to suppliers & reconciling statements from suppliers & customers for eliminating discrepancies. Reviewing customer & supplier contracts. Aiding in setting the credit limits & credit periods to customers through payment performance indicators
Banking activities like setting up new accounts, adding new signatures, coordinate and resolve various issues with bank such as cleared check differences & obtaining Bank Clearance & Guarantee letters.
Liaise with other accountants for proper maintenance of an integrated accounting system & with CFO for importing credit facilities from financial entities by supplying the corresponding information.
Booking & analyzing VAT Ledgers, creating and reconciling all documents required for periodical VAT filing
Liaison with CFO to ensure & arrange lines of the credit through Mortgage Loans, Vehicle Financing, letters of credit, bills discounting & bank guarantees
Highlights/Achievements
Furnished a consolidated excel work book for PDC & Gurantee cheques of Real Estate dept which created alerts for Matured PDCs, cheques Kept on hold, Expired cheques & cheques released against the cash payment. This ensured smooth flow of cheque deposition & accurate report system to the higher management.
Contrived a prolific integrated system of receivables & payables management for novice HR & PRO Dept including various bank account statements monthly reconciliations for Noqodi, CBD Cash online, E-dirham, CBD Amwal & Pro Staff Advance accounts which ensured the better control & regulation of PRO transactions together with yielding annual profit of AED 1.5 Million.
Costing of Visa & Pro Expenses of company employees for the year 2020 & 2021 which provided an insight into the cost per employee & the extra amount of paid towards fine/urgent work for each employee. Costing of Stationary, Printing & office equipment expenses for the year 2020 & 2021 for identifying the cost centers for management decision making
Execution of Receivables & Payables management, consolidation of balances to trial balance before accounts finalization.
Accounts balancing & compilation of balances from Trial Balance to P&L Account & Balance sheet to ensure accurate year end close. Disposition of Bank & cash Reconciliations, MIS Reporting congruence to the management stratagem.
Monthly Payables & Receivables aging reports & weekly cash flow forecasts for slashing cash flow problems.
Up-keeping suppliers & customer's accounts, reviewing purchase, sales invoices & inventory receiving vouchers, payments processing to suppliers & reconciling statements from suppliers & customers for eliminating discrepancies.
Liaise with other accountants for proper maintenance of an integrated accounting system & with CFO for importing credit facilities from financial entities by supplying the corresponding information.
Booking & analyzing VAT Ledgers, creating and reconciling all documents required for periodical VAT filing.
Highlights/Achievements
Assisted credit controller in account collection by robust customer follow up, increased accounts receivables collection by 30%, recovered 11% of declared uncollectible debts, reduced payment terms in case of some dubitable customers from 90 to 60 days & to cash on delivery basis which prompted the significant cash inflow.
Final Accounts Compilation.
Accounts Receivables Management -
Overseeing of Invoicing, tracking, monitoring and detailed follow-up of Receivables & document incoming payments.
Accounts Payables Management - prompt tracking and accounting of all payable Invoices & prioritizing payments.
Overseeing & processing GRNs, Inventory physical verification, reporting and analyzing variances between Books & Physical stocks.
Facilitate the completion of audit requests from internal and external auditors.
Monthly Payables & Receivables Aging Reports preparation, SOAs, listing open invoices etc.
Liaison with CFO to ensure & arrange lines of the credit through Mortgage Loans, Vehicle Financing, letters of credit, bills discounting & bank guarantees.
Reconciliation Management
Fund & Cash management
Final Accounts Compilation
External Audit Facilitation
Internal audit
Major customer & vendor accounts management