Accountant (CPA)
Liebherr Middle East FZE
Total years of experience :12 years, 1 Months
Processing tasks:
• Reviewing and processing of employee expense claims for entertainment and travel purposes.
• Recording of general company expenses (fixed asset purchases, office supplies, utilities, building maintenance costs, workshop supplies, tools and general expenses).
• Review of stock purchases and approval in Baan IV accounting system.
• Submission of online bank payments to local and international suppliers.
• Processing and reconciliation of 8 separate bank accounts (AED, EUR, USD).
• Recording machine lease installments. (Purchase and sale)
• Recording and reconciliation of Jafza portal costs.
• Control and maintenance of fixed asset register and depreciation calculation.
• Preparing and submission of quarterly VAT returns.
• Responsible for external and internal auditors.
• Raising intercompany invoices for back charging of expenses, monthly rental and service agreements.
• In charge if company petty cash when needed.
Monthly reporting:
• Performing required reporting on the in house SAP based software
• Belling system: 3 month forecast of projected income and expenses (4 main divisions).
• Cartesis system (PER): Employee analysis based on employment type and employee cost centres (difference division and product groups).
• Cartesis system (UMS): Detailed costing analysis of each product group based on cost centre details of each employee and product type per division.
• Cartesis system (KON): Trial balance analysis compared to prior year. Detailed ledger, customer and supplier account analysis.
• LIP system: Investment approvals and analysis reports of company investments.
• ICS system: confirmation and reconciliation of intercompany balances between overseas Liebherr companies to Liebherr Middle East FZE (More than 130 companies worldwide).
Performing month end closing:
• Maintain and correct batch status, reconciliation of control accounts and system integration processes.
• Calculate and write off currency and payment differences for account payables and receivables.
• Calculate currency differences for ledger accounts. (EUR / USD)
• Prepare and post staged allowances.
• Allocations of cash discount and payment differences.
• Account for MIT transactions, stock adjustments of materials in transit.
• Calculating monthly provisions and pre-payments.
• Taxation: Calculation of deferred and current taxation payable, provisional tax payments
• Value added tax, Vat calculations - Assigned on a special assignment where I would visit our largest clients stores to perform and assist the accountants in preparing a "Input VAT" reconciliation as per local law requirement.
• Input and output Vat reconciliation and submission to local authorities.
• Accruals : Calculation and recording of monthly accruals and prepayments.
• Accounts Payable & Receivable: Consolidation of accounts and check reconciliations and report accuracy, accounting for bad debts provision.
• Preparation and compilation of audit file on a monthly basis including balance sheet reconciliations for corporate accounts.
• Assist with all types of audit requirements.
• Oversee preparation of bank reconciliations for all corporate accounts and ensure that regional bank reconciliations are saved each month.
• Liaise with various banking institutions.
• Oversee weekly cash flow; ensuring accuracy and liquidity of funds taking into account working capital.
• Handle the fixed asset register and capex reports.
• General Ledger: Manage data entry. Account for forex gains and losses.
• Intercompany: Supervise and responsible for group consolidated month end reports (Pre-paid/Fixed Assets/Accruals/Professional Fees/AR/AP/SGA etc.).
• Inventory: Revaluations and adjustments.
• Performing stock counts.
• Experience with a variety of different accounting software and easily adaptable to new accounting software.
• A systematic approach to monthly data backups & folder management.
• Design, create and maintain reports on reporting tool (MR).
• Oversee the preparation and execution of contractor payroll.
• Preparation of monthly budgets and management reports.
• Audit Team Leader, manage the planning and execution of audits with a team of 3-4 staff.