Sr. Accountant
BritishWings Associates
مجموع سنوات الخبرة :17 years, 2 أشهر
• Responsible for day to day finance and accounts operations
• Perform full set of accounts and ensure timely closing of accounts.
• Perform project cost forecasts/budgets, cost tracking, monitoring and controls.
• Responsible for timely monthly consolidated financial statements, payments, cash-flow
management reporting for submission to Head Quarters in Dubai
• Review & approve payment vouchers & journal entries
• Perform cash flow forecasting, budgeting and working closely with the operations and project
teams in analyzing margins, variances and cost analysis.
• Develop and maintain internal control and effective accounting system and policies for the set up.
• Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns
Overall Role:
Establishing an effective and independent internal audit service for the management support .Managing a sound Internal Control System within the company guidelines through planning, supervising and reporting the results of all internal audits and related assignments with recommendations wherever applicable.
Duties and Tasks:
Plans financial audits by understanding organization objectives, structure, policies, processes, internal controls and identifying risk areas; preparing audit scope and objectives; preparing audit programs.
Assesses compliance with financial regulations and controls by executing audit program steps; testing general ledger, account balances, balance sheets, income statements, and related financial statements; examining and analyzing records, reports, operating practices, and documentation.
Verifies assets and liabilities by comparing and analyzing items and collateral to documentation
Preparing special audit reports when asked for by the management on various aspects which include asset management, decision support systems, MIS etc.
Assist in identification of process inefficiencies and make recommendations for improvement.
Perform audits and review internal controls of various divisions and functional areas to safeguard the assets of the firm.
Responsible for planning, data collection, analysis, and interviewing key personnel.
Communicate and follow up with key personnel on all findings and work with them on remediation efforts.
Assist external auditors with year-end inventory audit procedures.
Preparation of Internal Audit Planner for each FY.
Audit for daily sales contracts (Including Cash, In-House, Finance contracts)
Review & Renew Vehicle Scrap / Oil Contracts as per Market trends.
Review Repeat and Warranty JC’s.
Submit monthly Internal Audit report to Management.
Review and Audit of Payroll, Leave and Final Settlements ( AS per KLL )
Audit - Rental Division Contracts - Check for Maintenance of process documentation.
Review and Audit New / Used Car Sales Contracts / Stock reports
Year End Petty cash/ Inventory reconciliation for all dept.’s.
Designation: Senior Accountant - Reporting to the Finance Manager.
Project - Sezva Coffee
Accounting Package: Microsoft Dynamics
Designation: Cost Controller - Reporting to the F&B Manager - Al Corniche Club
Recipe package - Micros
Period: May2011 - May 2013.
Senior Accountant Duties and Tasks:
Daily sales updating and cash deposits to bank.
Processing Bank Reconciliation.
Updating bank balances.
Passing entries for cash deposits and sales.
Preparation of petty cash payments.
Preparation of supplier payments.
Preparation of Payroll every month.
Updating of Assets register.
Maintaining Provision sheet for Leave and Indemnity.
Processing of Accrued and Prepaid Exp.
Preparation of Cash Flow report.
Preparation of Cost of sales Sheet.
Preparation of Trial Balance.
Preparation of P/L and Balance sheet.
Preparation of Management reports.
Cost Controller Duties and Tasks:
Monitors the performance of all departments, particularly food and beverage through the efficient maintenance of control procedures established by management
Update recipe in Micros and check for Cost Vs GP
Liaises with purchasing team as well as chefs to ensure accurate costing for food and beverage
Ensures accurate preparation of all paperwork associated with the movement of all food and liquor stocks to outlets
Monitors food and beverage performance through analysis of daily food covers, sales and cost reports
Undertakes stock takes and produces food and liquor stock summaries
Controls food and beverage budget expense lines.
Takes a proactive approach to activity concerned by Cost Control, anticipating potential opportunities.
Keeps abreast of newest trends and innovations in the hospitality industry
Accounting Package: Oracle
Designation: Inventory Controller/ AP Executive: Reporting to the Finance Manager
Inventory Controller Duties
Data Collection
Construct data accumulation systems for a cost accounting system.
Review the controls needed for data accumulation and reporting systems.
Updating of recipe and raw materials in the RMS. (Recipe Management System)
Inventory
Coordinate physical inventory counts and cycle counts
Investigate cycle counting variances and resolve issues
Update standard costs in the bill of materials
Review standard and actual costs for inaccuracies.
Validate the cost of goods sold as part of the month-end close.
Accumulate and apply overhead costs as required by generally accepted accounting principles
Work with the materials review board to locate and dispose of obsolete inventory.
Analysis
Report on breakeven points by products, work centers, and factories.
Report on margins by product and division.
Report on periodic variances and their causes, focusing in particular on spending variances.
Perform cost accumulation tasks as a member of the target costing group
Key Benefits:
Reduce F & B expenses.
Positive bottom line benefits and considerable cost savings.
Shifting the focus from maintaining inventory to providing a great guest experience
Substantial savings from detailed inventory tracking
Accounts Payable Executive Duties:
Ensure timely payment of invoices and vouchers from Clients.
Prepare/ review reports for financial statements to ensure accuracy.
Prepare and propose strategic plans on payment and account reconciliation.
Provide information to senior management and implement new policies
Designation : Accounts Payable Specialist: Reporting to the Finance Manager
Duties and Tasks:
Reconcile Vendor accounts on a monthly basis.
Reconcile payable reports each month to confirm that all amounts paid were accurate
Maintain petty cash accounts and log all outgoing disbursements.
Monitor all vendor payment agreements to find discounts that can be used to reduce invoice amounts
Keep track of credits owed to the company and ensure all credits are properly applied to vendor payments
PASSED MBA - FINANCE
Pursing CMA, areas of specialization are Costing & Financial Analysis
I have a Bachelors Degree in Commerce with good marks.