General Ledger Accountant
Philips Lighting Saudi Arabia
Total years of experience :11 years, 11 Months
General accounting functions:
- perform closing of the books and preparing monthly financial reports (Income Statement, Balance Sheet, Cash Flow, Equity Statement & Other Supporting Schedules)
- recording and posting of general ledger transactions from different
- perform intercompany reconciliation of subsidiaries
- performing month end bank reconciliation
- preparing corporate reallocation of cost
- preparing and monitoring of fixed assets, prepayments, non-trade payables, advances to employees, accrual for vacation, ticket and end of service benefits
- perform Income Statement analysis for monthly movements and variances in comparison with the Budget
- prepare audit schedules and assist in audit queries
Corporate functions:
- monthly consolidation of Group’s Financial Reports
- preparing flex files for BCS Consolidation
- respond to queries of On-shore consolidation team and resolve validation errors in consolidation file
- preparing supporting slide for management (sales & gm analysis, profit and loss, financial kpi’s)
- monitoring of sales forecast based on latest view
- quarterly forecasting
Payable functions:
- process employee payments and preparing of bank payments vouchers
- handles petty cash and process reimbursements
Treasury functions:
- monitoring of daily bank balances for three Operating Business Units
- confirm receipts of payments to all branches within Saudi Arabia
- perform monthly bank reconciliation
- perform clearing of payments to domestic and foreign suppliers
- prepare marine-cargo insurance for foreign purchase orders
Handled audit of Telecommunications and Hedge Funds (Asset Management).
Primary responsibilities includes:
- planning the engagement
- determining the audit strategy
- identifying and resolving significant accounting and auditing
issues
- performing complex substantive audit procedures
- wrapping-up of engagement
- auditing of the financial statements and its related disclosures
- supervising and administering the staff in audit fieldwork
- preparing reporting packages.