Senior Accountant -"Credit Controller"
Rezayat Travel & Tourism Agency, KSA
Total years of experience :22 years, 5 Months
Growth Path: Accountant | Credit Controller | Senior Accountant
Software Used JDE & SAP | Sabre Red
Highlights:
Received formal appreciations for clearing highest percentage of ageing invoices, Impact:
Reduced DSO (Daily Sales Outstanding)
Increased overall collections process.
Lessened unallocated and un-identified fund list by over 95%
Managed accounts receivables of over 200 Corporate Customers and optimized cash flow management for SAR 100 M annual turnover company
Played pivotal role for implementation of SAP S4 Hana in the Branch
Played pivotal role in the branch for closing pandemic year (year 2020) with profit without sacking a single employee or reducing a single penny from their benefits (Undertook the alternative options such as charter flight arrangements/adding up new corporate customers/incentive realizations / focussing business in new areas and bad debt collections)
Accounting Responsibilities:
Reporting to Senior FM Head Office / Supporting staff - 4 no’s
• Responsible for maintaining information regarding to branch accounts and is fully responsible for the financial activity of the branch operation.
• Provide timely information to the Management on budget overshoots and cost control measures.
• Monitors working capital requirements and arranging short term fund requirements.
• Monitoring the funds position and reporting weekly funds position to the management
• Preparing of Monthly MIS & annual budgets and forecasts
• Employee entitlement review & review of various payroll analytical reports
• Review and verify the financial documents to ensure that they represent the actual results of the operations and are consistent with group policies.
• Ensure compliance of internal control procedures in performance of accounting functions.
• Review and posting entries in general ledger.
• Review monthly accruals and provision entries.
• Review fixed assets master. Ensure that assets are adequately insured.
• Arrange to conduct physical verification of fixed assets on annual basis. Review the physical verification report.
• Handle the approval of supplier invoices for payments and sales invoices for system posting.
• Coordination with Airlines for incentive negotiation & calculation
• Incentive allocation for Sales employees (based on the performance metrics)
• IATA & other budgeted airlines invoice verification and disputing for claims if any.
• Preparing the monthly statutory requirements such as WHT /VAT statement and ensure that the payment is made to.
DZIT before the due date
• Prepare annual zakat declaration and required information for assessments.
• Preparation of schedules for zakat filing
• Ensure that the Arabic Accounts are maintained as per law.
Operational & Sales Support
Reporting to: General Manager
• Preparing various types of operational reports for management/Customers & Suppliers for different requirement
• Undertake strategic financial analysis across new business opportunities and submit feasibility report to Management.
• Conducted what-if analysis based on various business scenarios and preparing process models
• Ensure the setting of annual Sales & operational budgets while performing quarterly forecasting.
• Designed and maintained the credit control policy based on customers performance (risk level/revenue/payment history)
• Conduct credit checks on new customers.
• Ensured timely payment of debts and negotiated re-payment plans with customers based on management instruction.
• Synthesizing competitors pricing strategy and preparing a monthly analysis.
• Setting up and Monitoring Sales & operational Key Performance Indicators (KPI)
• Managing the operation team in the absence of operation head
• Client (new & existing) & Branch visit based on previously prepared calendar.
Growth Path: Deputy Accountant | Officer Accounts
Software Used: JDE & SAP
Accounting Responsibilities:
General Ledger:
• Preparation of monthly accounts, budgets, and various analytical reports
• Monthly review of bank reconciliation statements, letter of credits and bank guarantees
• Preparing information required by auditors and coordinating with the auditors.
• Monitoring the inventory, Inventory valuation and provide physical verification report.
• Preparation of monthly bank reconciliation statement & Balance sheet account reconciliation
• Develop and manage complex excel based reports.
Accounts Payable:
• Reconciliation of Third party / Inter Company balances
• Check and verify supplier invoices and pass it for processing payment.
• Create and maintain supplier master information.
• Taking inventory of the open purchase orders and accrues the related expenses.
Accounts Receivable:
• Reconciliation of Third party / Inter Company balances
• Create and maintain customer master information.
• Checking sales invoices with the job card, time sheets, customer PO and posting the same in the system
• Debtors’ collections follow up.
Fixed Asset:
• Recording fixed asset addition / deletions in the FA register
• Processing monthly depreciation through the JDE/SAP
Others:
• Correspondence with the insurance company for additions / deletions from insurance coverage
• Preparation of Insurance schedules every year on policy renewal
• Liaising for Insurance / medical claims with the insurance Company
• Providing financial information for bid preparation
• Physical count of petty cash and verify with the General Ledger.
• Review of monthly GOSI entry & passing payment processing.
• Passing petty cash vouchers for approval of Finance Manager
• Responsible for overall supervision of accounting function and audits
• Liaise with the customers, suppliers, bankers, and auditors.
• Monitoring the inventory, Inventory valuation and reviewing physical verification report
• Maintain perfect rapport with sales team for mutual functional appreciation.
• Scheme/ credit notes and incentive workings
• Periodic customer visit with State Head for scheme offering.
• Provide administrative and secretarial support, including office workflow, administrative support, appointments, correspondence, draft letters, data compilation and records control, Ticket booking.
Software Used: ERP
• Checking of the transaction journals for accuracy and proper account code classification
• Preparation of monthly bank reconciliation statement
• Entering of journal entries, cash and bank transactions
• Assisting the Branch Accountant in preparation of monthly accounts
• Processing the Supplier Payment on due date
• Ensuring that the supplier invoices match with PO and GRN, and processing the same through ERP system
• Stock reconciliation
• Responsible for daily banking and collections
• Updating collections from customers in the ERP system
• Monitoring of various staff administrative works
• Checking the cash vouchers with supporting documents and forwarding for approval of Branch Accountant
Software Used: Tally
• Auditing the Client books, prepared P&L account, balance sheet for statutory purposes
• Preparing Sales Tax & Income Tax returns
• Various type of investigations & reconciliations as per Management/Client requirement
• Risk assessment & investigation
A+
