SENIOR ACCOUNTANT ( Accounts Payable Head )
ELECTRO INDUSTRIES
Total years of experience :10 years, 4 Months
Electro Industries was established as an industrial and trading company in 1971 in Jeddah, Saudi Arabia, under the name Advertising Publicity & Decoration Products Manufacturing, Co. Ltd. (Electro Décor). The Main objective was to introduce new technologies and to give a new meaning to performance and quality Today, Electro Industries has grown into a Pan- Arab company with operations in Saudi Arabia, UAE, United Kingdom, Lebanon, and Qatar.
DESIGNATION: Accounts Payable
Handled A/P, GL processes; supervised A/P clerks; managed vendor/supplier relations; and oversaw the timely, accurate processing of invoices, purchase orders, expense reports, credit memos and payment transactions. Addressed escalated issues from employees and vendors regarding accounts payable; and ensured accurate and compliant A/P files and records in accordance with company policies and government regulations.
Responsibilities:
• Managed the accurate and timely processing of invoices every month. Assessed and closed A/P sub-ledger on a monthly basis, validated content and resolved various issues.
• Facilitated "no-fault" internal and external audits as a result of sound recordkeeping and thorough documentation.
• Instituted thorough cross-checking of pack-lists, receivers and invoices that halted a previous history of thousands of dollars in overpayments to suppliers.
• Renegotiated payment terms with suppliers/vendors to meet Financial Crisis. Improved cash flow and helped facilitate company's return to Stability.
• Composed effective accounting and ad-hoc reports summarizing A/P data for supply chain, HR and other departments.
• Consistently maintained accuracy in calculating figures and amounts such as discounts, interest, commissions, proportions and percentages.
• Rebuilt trust with vendors/suppliers, repairing damaged relationships by ensuring timely, correct
AL FARA'A GEN CONT CO DUBAI (U.A.E.) Nov 2005 to July 2008
Al Fara'a Gen Cont Co is one of the most reputed Contracting Company in the GCC region, based in the UAE, with offices in Alain, Dubai and Abu Dhabi, AL Fara'a Gen Cont Co has its operations in Saudi Arabia, UAE, Qatar, and India. Devoting its expertise to the following areas:
• Architectural and interior design of prestigious palaces
• Architectural, engineering and interior design for hospitality, tourism and leisure industry including hotels and clubs
• Retail development
• Housing and community planning
DESIGNATION: Branch Accountant
• Worked as Branch Accountant Coordinating with Head Office based in Alain with Finance & Accounts Dept,
• Assigned responsibility for the supervision and management of accounts & finance related activities for on Going Projects in Dubai.
• Reporting to the Group Finance Manager and Group Accounts Manager.
Responsibilities:
• Sub-contractors bill verification, and handle all type of Cash related Transactions.
• Dealing with Various Banks Related to L/c'S, Bank Guarantees (Extension, Amendment of Expired Guarantees, Security Cheques etc )
• Making L/C Payments on receipt of Bank Advise.
• Discounting the Bills with Bank and Making L/C Payments.
• Instructing the Banks to Transfer Funds from one account to another account to make the payments.
• Booking Sub-contractor & supplier payments, preparation & issuing Cheque.
• Handling Petty Cash to the tune of 1, 000, 000 /- an average per month.
• Prepare Bank reconciliation statements carry out necessary audit for expenses related to Projects, Preparing Monthly Cash Budget for Sites.
• Payroll administration. Settlements, End of service gratuity.
• Coordinates with site personnel in identifying and resolving complex problems
• Follow up with Clients & Consultant for all matters related to Credits.
• Booking Suppliers invoices and Looking after Payments.
• Liaison work with all major bank is Dubai with relate to financial matters of the company.
Post Graduate in Commerce - M.Com With Dual Specialization Major Finance and Minor H.R. From – Osmania University – March-2005 Bachelors of Commerce – B.Com Computers From – Osmania University – March-2003
Bachelors of Commerce - B.Com Computers From - Osmania University - March 2003