Accountant
KELLOGG BROWN AND ROOT INTL. INC.
Total years of experience :29 years, 0 Months
Payroll and Benefits Accounting:
• Processing and disbursement of monthly payroll. Recording of payroll entries Analyse and Reconcile Payroll Wage Types, Payroll Gls and Transit Gls.
• Uploading daily bank statements to SAP and reconciling bank accounts and recording entries for fund returns, Employee refunds, bank charges and exchange rate differences for US, Canada, UK & Australia Payroll Bank Accounts.
• Analyse and reconcile employee benefits and process contributions related to Political Action Committee, UK Court Orders, and UK and Australia Pension and Saving Schemes.
• Periodic Analysis of Employee Loans, Advances and Claims, month end reconciliation of Employee A/R and unclaimed wages.
• Preparing accruals for all payroll benefits and obligations on a monthly basis for gratuity, annual leave, bonus, air tickets, schooling, accident and health insurance and computation of employee final settlements.
• Processing Payments of Income Tax, Profession Tax, Provident Fund and other statutory payments.
Accounts Payable:
•Ensuring all purchase invoices are verified and booked on daily basis with correct BU, GL and Contract No. Obtaining approvals and process payments as per ageing and agreed credit terms.
•Liaise with foreign and local suppliers, reconciliation of supplier accounts, resolving supplier queries and obtaining balance confirmation on regular basis from all suppliers.
•Allocation of group entity invoices for subcontracting jobs, reconciliation of AR/AP balances between group entities through ICS - Cartesis web based software and making payment as per schedules after taking approvals.
•Ensuring all employee Time & Expenses are booked on weekly basis with proper supporting and Contract No. Integration of T&E data to finance module, taking approval and process payments along with monthly payroll.
•Processing of monthly payroll, preparation of bank letters and accounting of payroll with respective GL accounts and business units.
•Passing journal entries for accruals, provisions, and proper allocation and reconciliation of prepayment accounts.
Budgeting and Reporting: Preparation of annual budget and quarterly forecasts. Preparation of monthly financial accounts and submission to management. Prepare month-over-month variance analysis of expense accounts. Generating contract margin reports of major projects, simulation of profitability of major contracts, reporting employee utilisation rates, calculation of Product Standard Cost per employee. Reporting of Cash/Bank position and NCF forecast for next 3 months.
Month end closing: Review and post un-posted batches, checking A/R to G/L and A/P to G/L integrity, reconciliation of all Bank Accounts and other balance sheet control accounts. Inter company A/R and A/P transactions reconciliation and obtaining balance confirmation from group entities. Ensure that all provisions and accruals are made and allocation of service department costs to production business units.
Computerised Accounting (Tally)
Maintenance of Purchases, Sales, Receipts & Payments under Computerised System
Voucher Preparing.
Bank Reconciliation.
Invoicing.
Petty Cash.