Accounting Analyst
Gulf Marketing Group- Supercare
Total des années d'expérience :11 years, 11 Mois
Handled daily A/P processes; managed vendor/supplier relations; and oversaw the timely, accurate processing of invoices, purchase orders, expense reports, credit memos and payment transactions.
Maintained the prepayment schedules and passed accruals entries at end of every month.
Integral art of VAT filing team which involved Keeping financial records and preparing schedule returns and other associated reports.
Major Achievements:
❖ Strategically created and executed a successful journal entry automation
process, resulting in 20-30% minimization of labor through mass allocation.
❖ Identified new cost-effective vendors during acquisitions' process and
managed their integration which resulted in 15% cost saving.
❖ Integral part of VAT implementation team- handled system testing to
preparation of all presentation/handbooks for guidance of retail staff and non
finance team members.
❖ Developed customer P&L statements to break down company sales and
gross profit performance at customer level. Statements also used for budgeting
purposes and to set goals for sales incentive program.
Duties:
❖ Created and maintained weekly, monthly and year to date consolidated
expense documents for review with senior management and submission to the
top management.
❖ Participated in the preparation of operating budgets, and conducted
detailed analyses to explain variances between actual and forecasted
expenditures.
❖ Worked with interdepartmental stakeholders to provide ad-hoc analysis, answer queries and escalate any issues.
❖ Maintained payments for approximately 180 vendors according to
payment terms and cash budgets by analyzing various aging reports; consulted
payments and terms with vendors.
❖ Generated weekly cash requirements for vendor/employee expense
requirements with cash collections forecasts and current cash balances.
❖ Prepared quarterly accruals based on trend analysis and anticipated
expense activity.
❖ Performed monthly bank account reconciliations and prepared daily
general ledger entries.
❖ Collaborated with business partners in building forecasts and business
plans; analyzed revenue trends and general business conditions.
❖ Performed monthly bank account reconciliations and prepared daily
general ledger entries.
❖ Prepared monthly product incentive for more than 250 staff based on
different criteria’s (such as sales mix, expiry, demand etc)
❖ Serve as primary liaison between accounting department and other functional areas such as purchasing, imports, marketing, and sales department.
❖ Provided and maintained the backup coverage for other Inventory Analysts and Fixed Asset Accountant during their absence.
❖ Maintenance of prepaid expenses schedule and preparation of key reports for prepaid employee/business exp.
As part of the strategic financial planning division responsible for developing financial forecasts and generating internal management reports.
Major Achievements:
Reduced the business' expenses more than $20, 000 in less than a year through the application of tight monetary controls and tracking processes.
Closely worked with Oracle consultant in order to develop the Fixed Asset module of the company's ERP system; included importing pertinent depreciation data and testing system to ensure reporting and depreciation accuracy of company assets.
Identified new cost-effective vendors during acquisitions' process and managed their integration which resulted in 15% cost saving.
Improved A/P approval process reducing late fees from 40% to 10%.
Implemented a digital approval process that increased productivity by 30%.
Duties and Responsibility:
Performed data mining tasks utilizing Oracle software and other financial systems.
Used Business Intelligence Reporting Tool to create KPIs and Scorecards to improve corporate profitability measures and comparative financial analysis.
Created and managed multiple logs for tracking monthly input for P&L, balance sheet and revenue forecast for more than 08 agencies.
Resolved monthly quarterly validation errors on financial statements in asset, liability and cash flow statement.
Perform day to day management of all payment cycle activities in line with the company’s SOP.
Processed 3 way P.O matching invoices of up to 300 plus vendors and entered up to 400 invoices per week; prioritized invoices according to cash discount potential and payment terms.
Preparation of periodic bank account reconciliation and reports to facilitate cash flow management. Also consolidate and prepare bi-weekly and monthly cash flow reports.
Acted as point of contact for all MENA Region AP personnel for operations and procedural questions.
Reconciled vendor statement by researching and correcting discrepancies; worked with various departments to resolve any purchasing, receipt, or payment disputes.
Recording all fixed asset acquisitions and dispositions made by the organization.
Reconciled the fixed assets subsidiary ledgers and general ledger accounts and verified the accuracy of all journal entries.
Ensured all new and existing assets are physically accounted for and tagged.
Preparation of Fixed Asset roll forward files every quarter.
Managing the fiscal year-end fixed asset accounting for the purpose of financial accounting, preventive maintenance and theft deterrence.
• Analysing the current functions and finding operational or systemic improvements.
• Providing documenting procedures that support various business lines and functions.
• Also was responsible to organise the training session for top level managers, as a new Management Information System was newly incorporated in the company.
• Prepared a final project report as a requirement for my graduation on the benefits and usefulness the SAP system to the Accounting and Finance Function.
Key Skills and Competencies: • Analysis and interpretation of various financial statements and financial data using various financial databases. • Understanding financial management decisions like deciding the type of securities to be issued for financing expansions. Learned other financial management concepts like capital budgeting, inventory management, cash management, merger analysis, deciding credit terms, financial planning and budgeting. • Understanding the operations of financial markets and the use of various concepts like risk and return in portfolio management.
Key Skills and Competencies: Developed advanced knowledge in the field of Business Administration Analysing complex quantitative problems Developed theoretical arguments based on analytical reasoning