Accounting Manager
EcoHotels Jordan
Total years of experience :22 years, 8 Months
DESIGNATION CHRONOLOGY:
• Mar 2015 - Present: Accounting Manager
• Jul 2008 - Mar 2015: Chief Accountant
KEY PROJECTS TO CREDIT:
• Business Modelling
• Generation of customized reports
• Charting accounts finalization process
• Dimension finalization
• End user training
• Opening balance finalization
• Evaluation and comparison with the existing system; Data Migration
KEY RESPONSIBILITIES:
Strategic Financial Advisory:
• Provide capital budgeting support to the management, evaluate investment proposals and calculate returns on investment using reliable methods (NPV/IRR) and recommend the most profitable ventures / projects.
• Mobilize retained earnings of the company to grow shareholders’ wealth and invest company funds through capital market instruments (equity/debt) to earn dividends / interest etc.
• Assess short-term and long-term capital needs of the company, raise finance for company projects from approved sources / banks and ensure adequate availability of funds for completion of existing and proposed projects in time.
• Prepare the annual operating budget, allocate resources to each department / function, implement the budget and monitor adherence to monetary provisions in the budget; note variance and implement corrective actions during the next budget cycle.
• Responsible for cash flow and fund flow analysis, generate cash flow statements, monitor the liquidity situation of the company and maintain adequate reserves to meet operations requirements as well as contingencies.
• Maintain and update the fixed assets register, create a depreciation fund and charge annual depreciation to fixed assets, recommend fixed assets sale / replacement decisions to the top management accordingly.
• Review business contracts and agreements, evaluate terms, conditions and clauses in supplier / service provider contracts and provide reliable advise to the management before contract finalization.
Cost Management:
• Review internal processes, compute overheads incurred for each activity in a given department, apportion costs to the correct cost centres and initiate proven measures to reduce expenditure.
• Generate cost accounting reports for senior management review and recommend improvements in business processes and systems based on studies conducted to identify excess overheads.
Audit Support:
• Prepare the audit plan, liaise with external auditors during statutory audits, provide accounting and financial information and address queries raised by auditors; furnish supporting documents, vouchers and proofs during audits.
• Assist in the preparation of the audit report, note deviations and present post-audit reports to the senior management.
• Work with the internal audit team to streamline process audits, evaluate the effectiveness of existing internal controls and note recommendations for process improvements.
Accounting:
• Oversee the preparation of books of accounts, ensure transactions are recorded as per standard accounting practices, verify accuracy of general ledger and trial balance and supervise preparation of financial statements for annual report publication.
• Conduct financial analysis and prepare financial statements and reports periodically to present the precise financial position of the company to the top management and external stakeholders.
• Assist in accounting and financial consolidation, present consolidated reports to the parent company, handle accounting reconciliations, adjustments and rectifications.
• Manage accounts receivable and accounts payable, maintain favourable balance between ARs and APs, expedite receivables from debtors / customers and process payments of suppliers/3rd party service providers as per the credit policy of the company.
• Handle accounting for international trade transactions, secure letters of credit, export finance from banks and ensure compliance with statutory regulations and international trade guidelines.
Continued from previous section...
Taxation:
• File sales and income tax returns, compute tax payable as per rates applicable in the region and work with Tax consultant to audit tax computations and declarations.
• Prepare tax returns program in Excel to ensure accuracy in filing, verify records conform to figures recorded in the internal accounting system and assist auditors during annual financial audits.
• Maintain accurate records of tax declaration and returns, payments made to the government authority and create digital archives for reference.
HR & Office Administration:
• Administer the HR policy of the company, contribute to staff recruitment, induction, training and performance appraisals and develop departmental performance reports.
• Supervise the payroll activity (office and on-field staff), compute monthly salaries taking into consideration leaves, deductions, overtime pay and allowances, prepare salary sheets and oversee release of payments on due dates.
• Participate in compensation reviews, develop new pay structures, allot benefits and perquisites to employees based on employee cadre and grade and update the internal database from time to time.
• In-charge of office management, procure office supplies and stationery from approved vendors, receive invoices, check validity and release payments accordingly.
• Ensure payment of taxes to the government within due dates every month / quarter / year, submit mandated documents and maintain records.
KEY RESPONSIBILITIES:
• Recorded business transactions (journal entries, ledger postings), oversaw rectification, adjustment and reconciliation and handled monthly, quarterly and annual closing of books of accounts.
• Prepared trial balance, financial statements and reports for stakeholder review and provided information for publication of company’s annual report.
• Maintained primary and subsidiary books of accounts, tracked sales / orders, monitored accounts receivable and accounts payable and maintained adequate liquidity to support operations.
• Handled company’s imports, supervised accounting activities for export sales, liaised with banks to process payments for import and streamline receipts for export and ensured compliance with statutory requirements.
• Managed warehouse / inventory accounting and reconciliation, monitored material issue to meet the order fulfillment schedule and tracked and resolved inventory / supplier invoice related discrepancies, if any.
• Administered the payroll, handled salary computation and release for 500+ employees to the company, generated payroll reports, monthly salary sheets and issued salary slips to employees on payment due dates.
• Officially communicated with banks and financial institutions to obtain export credit, import finance and ensured that contractual obligations were met satisfactorily to prevent financial losses on account of imports as well as exports.
• Managed administrative tasks for employee social security insurance processing and ensured compliance with labour laws applicable to businesses in the region.
• Contributed to inter-company accounting, consolidation of accounting records and presentation of final reports to the board.
Key Responsibilities:
Accounting:
• Oversaw maintenance of accounting records for every transaction in a given period, verified accounting heads assigned to transactions and ensured appropriate preparation of general ledgers, trial balance and quarterly / six-monthly / annual financial statements.
• Expedited receivables by liaising with customers and ensured that the team complied with the collections schedule and upheld the company’s credit policy.
• Reconciled receivables (channel subscription fees) with the parent company MultiChoice and matched monthly statements to arrive at accurate statistics.
• Monitored cash inflows and outflows, projected cash flows for a given accounting period and developed cash flow reports to present the short-term financial position to the management; liaised with treasury to secure additional funds.
• Controlled overheads and monthly expenditure, initiated standard cost management techniques and assisted auditors during internal and external audits by providing accounting summaries and transaction information.
• Operated the company’s bank accounts, deposited cash and prepared monthly bank reconciliation statements.
Sales Management:
• Led the accounting function, supervised a team of 3 accounting executives, guided the team in completing assigned tasks and verified accounting data entry.
• Coordinated with the sales staff for 8 assigned locations in the region and conducted sales volume analysis from time to time.
• Prepared and finalized the sales budget, assigned monetary resources as per sales targets, market size and team strength, implemented the budget and monitored adherence.
• In-charge of accounting for sales, tracked sales figures, calculated overheads incurred to achieve target sales in each market, reviewed activity reports and administered Daily Sales Reconciliation activity.
KEY RESPONSIBILITIES:
• In-charge of treasury management for the bank’s foreign exchange, hedging and money transfers (FX-MM-FWD-Options) departments
• Administered execution of options, forward and future contracts, monitored receipts on shares, bonds, maintained records of transactions and generated investment reports.
• Worked extensively with the SWIFT system, inputted transaction records in the system and monitored remittances, pay-outs and cash inflows and outflows.
• Regulated foreign exchange transactions as per the applicable currency trading band and controlled ceilings for foreign exchange deals.
• As part of asset-liability management, ensured availability of adequate assets for each corresponding liability in the given period; maintained records of deposits (local and foreign).
• Prepared and submitted key reports to the Central Bank of Jordan pertaining to deposits, cash reserves, anti-money laundering, asset-liability management, KYC and other mandated compliance reports.
• Contributed to the development of the bank’s investment portfolio and analysed financial statements to recommend investment strategies.
• Trained staff in the accounting department, explained standard banking practices and record-keeping requirements and monitored compliance with SOPs.
PREVIOUS ASSIGNMENTS:
• Aug 2000 - Sep 2001: Accountant, HQ For Network Cabling
Help me to analyzing data and advising senior managers on ways to maximize profits. This degree will prepare you to: Build financial models Coordinate finances among departments Create an effective internal control of funds Create checks and balances in internal controls Determine capital structures Direct investment activities Distribute profit and surplus funds Making financial decisions for companies Maintain proper cash flow Manage payables and receivables Monitor financial transactions to ensure legal compliance Oversee the company's financial planning strategy Oversee the preparation of financial reports Perform quantitative financial reviews
My study by time reflect my own achievements to understanding and expanding my vision in the points below : 1. Managing or overseeing others 2. Helping to cut business costs 3. Saving time 4. Increasing revenue 5. Building client relationships 6. Showing how your hard work was recognised
