Senior Accountant
Retail Group
مجموع سنوات الخبرة :13 years, 4 أشهر
Financial Reporting Working capital management /Treasury /Cash Management: MIS Reporting, Budgeting, Forecasting and Business Support: Compliance & Reporting: Key Skills: Financial Reporting, Financial Analyst, Petty Cash, Financial Management, Financial Accounting, Accounting Operations, Financial Operations, Financial Planning, Treasury, VAT Reporting, CbCR, ESR, MIS Reporting, Budgeting, Forecasting, Accounts Payable, Accounts, Financial Planning, Statutory Compliance, Regulatory Compliance, Process Transition, Fund Management, Management Reporting, Accounts Executive, Accounts, Finance, Taxation, Accounts Receivable, General Accounting, Bank Reconciliations, Variance Analysis, CFO, FINANCE MANAGER Income Statement, Cash Flow Statement, Balance Sheet, Finalization, P&L Management
Financial Reporting:
• Develop account reconciliations, journal entries, data compilation and analyses ensuring accuracy and timely delivery
• Responsible for day to day finance and accounts operations
• Finalization of Accounts and preparation of Financial Statement
• Analyse current and past trends in KPI including all areas of revenue, cost of sales, expenses, and CAPEX
• Preparation, review, and analysis of the consolidated monthly/Quarterly/Yearly financial statements with reference to IFRS standards
• Review, analyze and reconcile the A/P & A/R trial balance, Aging, and advances/prepayment reports on monthly basis to identify irregularities and take necessary actions accordingly
• Deliver high quality ad hoc reports to key stakeholders across the organisation
• Develop and implement Cost reduction and cost cutting plans/mechanisms
• Budget allocation and expenditure forecasting to prepare financial reports, identify variances and areas of interest, develop expenditure management strategies, and ensure that financial requirements are met.
Working capital management /Treasury /Cash Management:
• Handling Cash & Banking transactions like LC, BG, STL etc. and maintain good relations with the Banks
• Managing all accounting operations AR, AP, FA, GL etc.
• Ensure and direct effective use of working capital including monthly analysis and review, and follow up with all units regarding deficiencies
• Review Cash Advance Reporting to monitor aging employee cash advance
• Supporting day to day cash receipts, disbursements and movement for all companies and bank accounts
• Processing and facilitating ad hoc and foreign payments
• Review CF Movement Report to monitor bank cash flow
MIS Reporting and Business Support:
• Analyze and interpret complex monthly/weekly financial results to identify financial issues, for business leaders; provide insights and make recommendations regarding possible course corrections.
• Perform independent and robust financial analysis for monthly management reports, quarterly forecasts, annual budgets, and long-term strategic plans.
• Perform data analysis by account and business process using BI tools to provide business insights
• Supports the business with any required Accounts Payable analysis reports
• Prepare monthly department wise- Sales GP, Stock Aging, Stock holding report to Visualize and shared with operation team for their information
• Preparation of all Leasing related reports, correspondence, and documentation
• Perform payroll functions & Wages Protection System (WPS)
Compliance & Reporting:
• Responsible for audits (statutory, Internal, other if any)
• Ensure correct VAT treatment has been used and all invoices accurately recorded in financial accounting system
• Responsible for Ensure statutory compliance with VAT laws when preparing the monthly Reconciliation, Reporting & Queries
• Monitoring and supervising daily accounting activities (i.e. AP, AR, sales accounting) in compliance with procedures and deadlines.
• Acting as a principal point of contact with the senior management and discussing MIS reports with them
• Ensure the complete, accurate and timely issue of invoices across the organisation
Key Skills: Financial Reporting, Financial Analyst, Financial Management, Financial Accounting, Accounting Operations, Financial Operations, Financial Planning, Treasury, VAT Reporting, CbCR, ESR, MIS Reporting, Budgeting, Forecasting, Accounts Payable, Financial Planning, Statutory Compliance, Regulatory Compliance, Asset Depreciation, Asset Management, Management Reporting, Finance Executive, Accounts, Finance, Taxation, Accounts Receivable, GL Management, Bank Reconciliations, Variance Analysis, Income Statement, Cash Flow Statement, Balance Sheet, Finalization, P&L Management
• Prepare financial variance analysis monthly and review with cross department business partners.
• Create and execute a variety of market research initiatives to improve products, services, and overall value proposition
• Perform monthly balance sheet, income statement and changes in financial position/budget variance analysis
• Managing and controlling cost elements, cost centers, profit centres, internal orders and functional areas and allocation cycles, etc. Also, good understanding about PP (Production Planning) especially in master data, Bill of Materials (BOM), Routing, Product Cost Collector, quantity structure, Manufacturing processes and how it is integrated with Accounting entries .Prepares revenue, cost, and profitability analyses
• Track critical accounts at SKU and brand level: Sales, Cost of sales, Variable costs, PPV, A&P, Margin and mix analysis (price & volume), inventory levels
• Preparation of consolidated monthly financial reports
• Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements
• Produce monthly and quarterly treasury and risk management reporting provided to the Board and senior management across the organization
• Collects data from sales reports for analysis & Develops methods and strategies for assessing large amounts of data.
• Maintain a strong financial analysis foundation creating forecasts and models (Three Statement Model, DCF, Consolidation, Option Pricing Model, Forecasting Model, Budget Model etc
• Develop ad hoc reporting utilizing various tools such as MS Office (Excel, PowerPoint) & Power BI
• Coordinate with the Regional Auditor & Regional Director and the executive team on long-term financial planning Preparation & application of accounting or budgeting methods and techniques (e.g., cost-benefit analysis, zero-based budgeting (ZBB), incremental budgeting, line item, program, performance-based, etc.) to analyze and evaluate the effects of changes in program plans and funding
Key Skills: Strategic Planning, Costing, Cost Audit, Budget & Cost Control, Variance Analysis, Internal Audit, Inventory Management, Dashboard, Consolidation, Wastage Management, Variance Analysis, Financial Planning, Financial Modelling, Financial Forecasting, Working Capital Management
Verify, Allocate, Post invoice of suppliers & Prepare payments as per agreed terms
Matching invoices to Purchase orders with SAP system
Process the Accounts Payable month end as well as yearend closing procedures on timely basis and ensure
clearing of all exceptional reports prior to period close
Monitor all vendor payment agreements to find discounts that can be used to reduce invoice amounts
Ensure that all vendor statements are reconciled monthly and that vendor statement issues are resolved in a
timely manner. Promptly address vendor inquiries. Manage discounts available process and procedures
Keep track of credits owed to the company and ensure all credits are properly applied to vendor payments
Reconcile payable reports each month to confirm that all amounts paid were accurate
Vendor & Customer Reconciliation
Prepare report & reviews of Production, Wastage, Repacking & Consumption and shared with operation team
for their information
Reconciliation of the inter-company accounts
Manage the day to day eCommerce sales operation, Inbound & Outbound deliveries
Check and verify Discount, Refund, Voids & Abort transaction in Showroom & Webstore
Cash Sales & Credit Card Sale Reconciliation
Assist in audit activities
Weekly and monthly inventory.
Key Skills: Financial Accountant, Accounting, Finance, Accounts Payable, Journal Entries, General Ledger
Accounting, Accounts Reconciliation, Accounts Receivable, Audit Compliance, Vendor Management, Bank
Reconciliation, Variance Analysis, Balance Sheet, IFRS, Vendor Payment, Aging, Ecommerce, POS