accountant
CMTC KUWAIT
Total years of experience :8 years, 10 Months
• Manage all financial transactions, including accounts payable, accounts receivable, and general ledger entries.
• Preparing daily sales reports with gross margin and collections reports to reporting to management.
• Assisting the accounting manager in the prepare and analyze financial statement, including income statements, balance sheet and cash flow statements.
• Collaborate with internal teams to improve financial process and procedures.
• Providing financial reports quarterly as per management request.
• Provide financial analysis and support to management for decision making purpose.
• Preparation of monthly financial transactions for expenses.
• Handling the all bank operations including LC, bank transfer, cheque issuing and other letters preparation.
• Preparing monthly aging reports (Receivable’s, Payables and Stock)
• Conducting meeting weekly bases collection department and sales department to follow-up customer outstanding payments
• Preparing Customer Bad debts provisions proposal as per sales team request for outstanding customers.
• Reconcile the supplies ledgers and scheduling supplier Payments & Other Payables on monthly basis.
• Preparing variance report (Budget vs Actual) contracting works (Supply & Application).
• Preparing monthly reconciliation including bank, cash, supplier, and stock.
• Monitor inventory levels and reconcile inventory records with physical counts, investigating and resolving any discrepancies.
• Handling the accounts petty cash.
• Assets register and yearly depreciation.
• Preparing monthly staff payroll.
• Processing Staff Final settlements, Travel Advances & Expense reimbursements.
• Independently manage annual audit and finalization of accounts in accordance with accounting standards IFRS and providing schedules supporting documentation and conducting discussion with auditor as and when necessary.
• Maintaining good relationships with the suppliers and customers.
General Account related work such as preparation of Vouchers Record keeping, accounting transactions and filing.
Preparing Daily report (Production, Sales, Purchase, and Manpower & Consumables).
Preparation of Book-Keeping, Journal & Ledger, cash, and inter-fund transfers
Preparation and collection of invoice and follow for the payments.
Overview of Accounts receivable & payables.
Scheduling Vendor Payments & Other Payable Reports on Weekly basis.
Reporting on any outstanding invoices.
Preparation of Daily bank reconciliation, Cash Reconciliation.
Processing Staff Travel Advances & Expense reimbursements.
Petty Cash Management.
Tabulating Payroll Statements.
Cheque management including cheque Issuance & Collection.
Reporting to finance manager.
Processing year end accounts.
Supporting team members on all accounting issues.
Preparing Books of Accounts in SAP ERP.
Preparation of monthly bank reconciliation statements (BRS), Cash Reconciliation Statement i.e. inward and outward Statement and Petty Cash Management.
Preparation of Book-Keeping, Journal & Ledger.
Overview of Accounts payables.
Processing Staff Travel Advances & Expense reimbursements.
Petty Cash Management.
Scheduling Vendor Payments & Other Payable Reports on Monthly basis
Justification for Vendor Payments.
Accountable for the monthly and year end book closing activities.
Maintaining Inventory and prepare Reconciliation Statements.
Excellent in MS-Word.
• Assessment of credit limit requirement of the borrower on the basis of business and financial analysis, conducting due diligence, understanding the business model, management capabilities and the market strength of business
• Handling Collection job responsibilities
• Preparation of process notes by assessing the project viability, financials and market/industry scenario
• Doing Pre-approval check for all business loan applications. Verification of KYC documents with the standard policy held in for Bank process
• Verification of income documents and FI reports, document check reports and FCU reports on a daily basis to have better control on the quality.
• To check whether case is meeting all policy parameters with respect to documents and internal guidelines
Analyzing financial information, such as Bank statements and cash flow statements.
Verification of Personal, Business Loan and Self employed files for existence of all documents and necessary approvals as per bank’s Minimum Credit Parameters (MCP).
To check for the Repayment capability based on the Debt Burden calculation.
Assessing the credit worthiness of customers.
Initiating files for Contact point verification and Field verification.
Using the policy guidelines on the applications to take appropriate decision within specified TAT.
To check for the Repayment capability based on the Debt Burden calculation.
Quality check of the files approved by underwriter before disbursement of loan.
Staying informed about the Business promotion and policies.
To provide coaching and transfer of skills to staff as appropriate on processes and systems.
Responsible for processing the files with in the turnaround time and also ensure that all files are FTR - First time Right in all aspects.
Updating the file status in the Loan Operating system and send the Physical file to the Credit Team for further processing.
Calling the customers and inform the details given on the application and confirm the Rate of Interest and Processing fee and other charges to the customer to avoid customer issues at disbursal stage.
To reject the application based on the policy requirements.
Maintaining good relationship with Sales Manager, Operations Manager and Credit Managers.
Conduct PD(personnel discussion) with clients.