Accounting and Reporting Manager
Almarai
مجموع سنوات الخبرة :14 years, 4 أشهر
Develop the Divisional and Segment reporting structure through SAP R3P by New GL migration.
•Automated Internal and External Reporting at Almarai Group across 30 Entities and 20 Divisions through implementation of SAP BPC
•IFRS Transition project and handled related changes in SAP BPC to comply with statutory requirement.
•Implementation of New Product segments in Almarai to get detail analysis of each products and their profitability.
•Settlement of Inter company Balances from $2 Billion to $.5 Billion
•Support function optimization project to optimize the Cost and Improve the efficiency among Business Functions
•VAT related impact analysis related to business and system integration
Responsibilities
•Drive the preparation of the company’s external reporting based on SOCPA & IFRS requirements.
•Overseeing of full accounting functions of the company, profit eliminations and foreign currency translations.
•Business Unit Reporting.
•Organize audit requirements, coordinate with the auditors and ensure timely fulfillment of all their requests.
•Support month-end and year-end accounts close process
Participating in budgeting and forecasting & variance analysis
•Monitor Inter-company Reconciliation & Clearing Inter company receivable and payable
•Review the reconciliation for Goods in Transit
•Organize financial data into usable information and maintain updated records
•Finished Good revaluation & Overhead Allocation
•Monitoring Accounts Payable and Receivables
•Produce accurate MIS and relevant reports to specific deadlines
•Manage the fixed assets register of the organization.
•Lead, Guide & Manage the team of accounting staff
Inventory
•Review the standard costs in the bill of materials, standard and actual costs
•Accumulate and apply overhead costs as required by generally accepted accounting principles
Fixed Asset
•Monitor a system of controls, procedures, and forms for the recordation of fixed assets.
•Recommend to management any updates to accounting policies related to fixed assets.
•Overseeing maintenance of fixed asset record
Intercompany reconciliation
•Review the Reconciliation of Intercompany Goods movements from Central Processing Plant to other GCC Locations
•Identifying the price quantity & prices variances and Escalating to respective division to correct this.
Accounts Receivable
•Monitoring and clearing Debtors
•Bad debt Analysis &Recommend management in setting debtor policy.
Accounts Payables
•Ensuring accurate booking of all third-party and inter-group liabilities on a timely basis, once eligible for recognition. Further, overseeing the payment process and adherence to the company’s credit policy or as per the contract if specified differently
•Monitoring & clearing the GRN long out standings on the basis of the clean supplier reconciliation’s
•Weekly preparing Creditors Aging report & Monthly incident report for old parked items in creditors
Accruals & prepayment
•Monitor the Amortization of Accrual and prepayment on monthly basis.
Payroll
•Responsible for all aspects of month-end close as it relates to Payroll
EMPLOYER: DAUDALI LALANI & CO
During my tenure, I have been part of various statutory Audits
•Assessed the financial statements in order to ensure their compliance with the requirements of the local laws, Regulation and International Financial reporting Framework (IFRS).
•Planned and Developed work methodology and working programs for audits and consulting projects
•Involved in the team, maintaining and improving the Quality of Audit
During my tenure I have been part of various functions and described below;
•Preparation of Accounts
•Oversee daily transactions, including accounts payable/receivable, general ledger and bank reconciliations
in
courses: ACCA Member Association of Chartered Certified Accountants (ACCA)-UK •CPA Member (Certified Public Accountants of Pakistan)