Accounts Executive
Royal Yachts And Boats Rental LLC (OBK Investment Group)
Total years of experience :15 years, 3 Months
Joined the organization at foundation stage being responsible for directly reporting to Group Finance Director and occasionally to CEO
Non Routine Tasks and Responsibilities:
• Suggested and implemented various procedures and controls.
• Studied and implemented an open source code base ERP system (ERPNext) suggested by Finance Director
• Trained colleagues for the implemented ERPNext system
• Suggested and implemented a standalone software for cheques management system and printing which resulted in significant timing saving and increased departmental performance.
• Successfully handled and coordinated with external auditor for Annual Financial Audit for the year 2016 and reviewed final Audit (Unqualified) report.
Routine Tasks and Responsibilities:
• Monthly preparation of Profit and Loss and Balance Sheet
• Monthly preparation of Bank Reconciliation Statements for the group subsidiaries
• Monthly and weekly preparation of various sales, costing and profitability reports
• Passing month end entries for Accruals and Provisions
• Creation of customers invoices based on quotations and passing receipt voucher accordingly in ERP System
• Creation of purchase orders, purchase invoices and payment vouchers.
• Fixed Asset and Depreciation booking and maintaining the Asset depreciation comprehensive schedule
• Occasional Event Charter Sales and Profitability report (e.g. Formula 1 Grand Prix and NYE)
• Vendor and Customer reconciliation and agreeing on reconciled balance
• Monthly checking and verifying the payroll sheet and processing of WPS Salary.
• Occasional handling of Petty Cash expenses.
• Conducting surprise internal audits and investigation of variances and differences then reporting to Finance Director and CEO.
• Occasional responsibilities assigned by senior
Administrative Responsibilities:
• Resolves administrative problems by coordinating preparation of reports, analyzing data, and identifying solutions.
• Maintain office supplies by checking inventory and order items.
• Timely payment of office utility bills and routine expenses
• Keeping a check and timely payment of CEO’s personal DEWA, Credit Cards and Etisalat bills
• Keeping a check of traffic fines on office cars and salik recharges and cars renewal.
Currently working with an FMCG Organization “Mani Foods Industries LLC” (Al Homaizi Group) as an Accountant General. Task and Duties Involves preparation and maintaining the financial records for the group companies (Mani Retail General Trading LLC, LSH General Trading LLC, Multifood Investment LLC and Mani Foods Industry LLC) as follows:
• Verifying of Daily Cash, CDC and PDC collections as per system and collecting from Van salesman and ensuring timely bank deposits, and accurate accounting entries in Microsoft Dynamics AX.
• Raising Debit notes for Group companies and Credit notes for Customers in INVAN sytem, and Microsoft Dynamics AX (For outlet Registration, Listing and Rental charges).
• Reviewing of Daily Cash and Credit Cards Sales from Mani Retail Kiosks (11 kiosks) and ensuring timely bank deposits and passing necessary entries.
• Monthly POS Cash in Transit Ledger Reconciliations for the group companies.
• Monthly Preparation of Bank Reconciliation Statements for the group companies
• Passing appropriate accounting entries for Receipt, Payment and General entries in Microsoft Dynamics AX for group companies.
• Inter-Companies Reconciliations and Intercompany entries and Intercompany Matrix.
• Liaison with external auditors and helping in the preparation of Audit files
• Supplier Invoice and payment booking and passing necessary entries in the system.
• Vendor and Customer reconciliations.
• Reconciliation of Integrated data from In cube IN Van Software to Microsoft Dynamix reporting
• Salesman wise Sales and Collections Reports and Tracking Salesman for collections from customers
• Helping the senior in monthly Finalization of trial balance, Balance sheet and Income statement and Finalizing accounts in the absence of senior.
• Asset Booking and Deprecations charges.
• Processing WPS monthly Salary.
• Occasional handling of Petty Cash expenses.
• Established and recommended various internal control for tracking and handling financial transactions.
• Any occasional added responsibility & task assigned by the senior.
Deputed to a client ‘The Palm Marquee’, an event management company, to manage and control their accounts operation. Tasks and responsibilities include:
• Established and setup Quick book Enterprise Edition
• Transformed excel accounting ledgers into Quick books
• Manage and recording of vendor’s bills and payables
• Manage and recording of client’s receipts and receivables
• Preparation of cashbook
• Preparation of bank reconciliation statement
• Preparation of event wise profitability report
• Month end revenue and expense summary report
• Preparation of salary sheet for the month
• To monitor and maintain a check on cash payments and vouchers accuracy.
• Any occasional added responsibility & task assigned by the senior.
Involved in the audit engagement of the client 'Anoud Power Generation Limited'. Responsibilities included :
• Vouching
• Supporting senior in the preparation of Audit files & Working Papers
• Preparation of Lead Schedules, Top Schedules, Monthly Analysis &
Summary of substantive tests
• Re-Calculation of Fixed Assets Addition & Depreciation Schedules
• Re-Calculation of Finance Lease Amortization Schedule
• Preparation of External confirmation letter for Account Balances with Debtors/Creditors and Banks
Primary responsibilities include :
• Management of 'Chart of Accounts' in a computerized software
• Recording of daily cash sales revenues of 4 Cinema Shows
• Recording Capital and Revenue Expenditures
• Management of Accounts Receivable and Payable and reporting thereon to the higher management
• Management and Recording other expenditures
• Preparation of Monthly Profit & Loss statements
• Assisting the Manager in finalizing the Account
Successfully Developed and implemented an integrated customized ERP Software as a freelance project which are as following:
o Sales Order Receiving System including Sales Order Receiving Module, Sales Delivery Schedule Module, Final Sales Module
o Sales Return Operation including RRN, RDP and RDN modules
o Purchasing System including Purchase Module, Schedule Purchasing Module
o Quality Control operation including Goods Receiving Inspection module from suppliers, vendors and internal assembling/manufacturing departments
o Inventory and Store stock operation include Goods Receiving Note module
o Stock Ordering System including Item Requisition module based on Production planning / Stock Order Report
Reports :
o Pending shipments to deliver Day wise (Sales Dept.)
o Pending Sales Order and Delivery Schedules (Sales Dept.)
o Sales Reports (Period wise, Customer Wise, Item wise)
o Gate Pass Returnable/non-Returnable Summary reports Period wise
o Rejection Statement Report
o Rejection Dispatch summary report
o Procurement Planning report
o Pending Purchase Orders/Work orders report
o Goods Receiving Inspection Reports (Supplier/Vendor wise, Item wise, Period wise)
o Goods Receiving Note Summary Report
o Inward Statement
o Stock Register Report
o Production Planning Report
Personal Achievements from the project :
• Problem-solving approach by analyzing and finding alternate solutions to a problem
• Interpersonal personal communication skills by attending meetings and project discussion
• Planning and Organizing Tasks to achieve the objective before deadlines
• Flowcharting
(In progress) Masters program covers a wide range of Accounting and Finance techniques and concepts. Some of them are as below: • To critically analyze and compare the theoretical knowledge with the practical aspects • Using computer technology in accounting and finance for the purpose of improving decision making in an organization setting • To evaluate problems and innovations in accounting and finance with effects on managerial decision making. • To apply integrated techniques of accounting and finance in evaluating the costs and benefits of strategic investments. • To understand the applications and effects of international accounting standards and financial reporting in an organization setting • To develop the understanding about ethical issues in accounting and finance.
ACCA Part Qualified (8 Papers Cleared)
Bachelors of commerce (B.com)
Intermediate in commerce from S.M Arts and commerce college in the year 2005
Matriculation in Science: (K.M.A Boys Secondary School in 2003)