chief accountant
PSLAB SAL
مجموع سنوات الخبرة :10 years, 10 أشهر
• Control and supervise the accounting team
• Check and approve receivables and payables
• Check and control bank position
• Check and control all accounting transactions executed by the accounting team by signing Journal vouchers
• Check and approve payroll prepared by HR team
• Check and supervise trial balance and ensure accuracy of accounting records
• Monthly closing entries (Provisions, accruals, DOE, Prepayments..)
• Prepare cash flow forecast
• Manage bank accounts in foreign currencies
• Execute forex and forward operations
• Prepare P&L, Balance sheet, and other management reports
• Prepare quarterly VAT declaration
• Prepare quarterly salary tax declaration
• Issue project cost reports for review and approval
• Work and coordinate with auditors for year-end closing
• Check auditors’ reports, recommendation and representation letter
• Coordinate with the ministry of finance and Vat department for file study
• Review ministry of finance and Vat department preliminary results of the study, prepare objection letters in coordination with auditors and ensure meeting deadlines.
• Develop and maintain internal control and effective accounting systems and policies
• Ensure work efficiency by re-allocating tasks to accountant
• Support finance team by ensuring cost allocations are in line with management standards
• Check and control supplier’s invoices, payments and wire transfers
• Check bank accounts and advise concerned people to book the daily receivables and follow up with unpaid and due receivables with our agents in the different countries.
• Open new bank accounts (local and international), check and control bank advices especially those related to LC charges (Confirmation, Negotiation, Acceptance and discounting cost)
• Check and control bank reconciliations on monthly basis.
• Control customers’ and supplier’s statement of account reconciliations every month.
• Manage company operation engagements in regard to LCs and LGs, open LCs and negotiate Banks for best LC charges prior to LC opening.
• Collaborate with Ministry of finance and VAT inspectors, prepare documentations, reconciliations, matching reports, letters, oppositions and related reports and follow up with the concerned people at the ministry of finance and Vat Department.
• Prepare salaries for NSSF declaration, issue the required checks and make sure to have the receipts from NSSF
• Renew legal documentations of the group in coordination with lawyers such as the General Assembly, Board of Directors, commercial circular and other related documents.
• Prepare salary tax declarations and VAT reports
• Prepare financial reports to managerial staff and recommend further course of action.
• Maintain financial health of the company, develop trends and projections for the company’s finances.
• Analyze costs, pricing, variable contribution, sales results and the company actual performance to the business plans.
• Prepare the financial status of the company in terms of receivables, payables, bank debts, and sale of remaining stock to see the situation of the company in case management decides to liquidate the company at a specific date.
• Correspond with various departments, discuss company plans and agree on future actions to be taken.
• Attend board meetings to discuss the financial statements and set new financial procedures and strategies.
• Liaise with external auditors to ensure appropriate monitoring of company finances
• Control and ensure proper transactions and allocation to related accounts.
• Check and control suppliers’ invoices, payments and wire transfers
• Check maturities of customers’ bills and follow up payments.
• Prepare customers’ bills, follow up to have the bills legally signed.
• Open new bank accounts, check bank statements for the incoming receivables and outgoing payments on daily basis.
• Reply to banks for all questions and breakdowns needed for the figures in the financial statements (breakdown for payables, receivables, banks…)
• Continuous review of banks, suppliers, clients and other debtors and creditors accounts reconciliations.
• Check and control assets physical count and make necessary adjustment needed after being approved by management.
• Ensure and control daily work allocated to accountants
• Prepare VAT, NSSF and Salary Tax Declarations
• Prepare payroll and related transfers to bank.
• Provide recommendations and control of internal procedures related to accounting transactions.
• Renew legal documentations in coordination with lawyers such as the General Assembly, Board of Directors, Commercial Circular and other related documents.
• Prepare financial statements (Cash flow, balance sheet, profit and Loss, budget…)
• Liaise with external auditors for the year end closing, check and approve the audited report
and advise auditors to issue the final one.