Assistant Manager Financial Reporting
WestPoint Home (Bahrain) W.L.L
مجموع سنوات الخبرة :19 years, 9 أشهر
Prepare monthly financial reporting including comprehensive income, financial position and cash flow and CAPEX statements.
To manage all the cycle of Fixed Assets Management System including CWIP and approval of capital spending according to the Budget approved by Board.
Prepare and monitor monthly comparison of operating budget.
Review payable in routine and arrangement for payments to import & local creditors by Processing of the invoices and payment orders.
Monthly reconciliation of supplier accounts, store consumption, inventory held with third party.
Aging analysis of inventory, creditors, and debtors on regular basis.
Review monthly inventory valuation of Raw Material, Work in Progress and Finish Goods and inventory consumption & movement report.
Participates in developing the annual operating budget and consults with department heads/managers on the fiscal aspects of program planning, payroll recommendations and other administrative actions.
Identify and analyzing variances, finding out the causes of the variances and make recommendations based on analysis.
Liaison with internal / external auditors in implementing the control procedures & conduct of interim and final audit.
Prepare Yarn Payments and posting of daily purchase in Fox Pro, Wizmen ERP and AS400.
Verify all types of vouchers’ relating to store & spares, bank transactions, creditors, debtors, payrolls according to the procedures of company’s internal controls.
Verifying daily purchase ledger and sales ledger.
Reconciliation of vendor and customer ledger with three existing system i.e. (FoxPro, AS400 and Wiz men (Oracle).
Reconciliation of AP and AR with GL.
Intercompany reconciliation.
Aging analysis of Vendor and Debtors.
Coordination in implementing ERP accounting Software.
Monthly sales tax return and reconciliation report.
Prepare monthly Inventory consumption, movement and valuation report.
Vendor ledger reconciliation.
Maintain record of L/C Acceptance, overdue status of outstanding LC and cheques issued.
Preparation of monthly bank reconciliation statements.
Analyze revenue & expenditure trends and recommend appropriate budget levels.
Liaison with internal department in implementing the control procedures.
Interact with external auditor in completing interim and final audit.