Senior Accountant
Mohsin Haider Darwish LLC
مجموع سنوات الخبرة :17 years, 0 أشهر
>Develop and prepare annual budget. Lead the company through the process and prepare the annual financial budget for presentation to executive management.
>Monitor Key performance indicator, analyzing causes of variances, including all areas of revenues, cost of sales, expenses and capital expenditure. Assist management in optimizing working capital and resolution of causes of variances
>Ensure all balance sheet accounts are fully reconciled and all accounts are complete, accurate and valid.
>Manage and process all required task for completion of month end to ensure accurate management accounts
>Analyze and report the financial results of the periodic operations including revenues, margin analysis, operating profit and balance sheet activities
>Performs internal financial reporting, financial analysis, variance analysis, debtors, creditors and inventory analysis, forecasting and budgeting, financial controls, balance sheet and P&L analysis.
>Preparation of financial reports such as Profit and Loss, Balance Sheet and Cash Flow Statements with commentary and follow up actions as required.
>Coordination of internal and external audit ensure all audit issues are addressed appropriately. Ensure compliance with local law, business ethics and company internal controls policies
>Responsible for general ledger and statutory reporting. Ensure all management reporting & regulatory filing is timely and accurately completed.
>Timely review of monthly reconciliation of bank, vendors, customers and general ledger. Ensure all accrual entries, provisioning and other adjustment entries related to closure of books
>Fixed Assets Management, Addition, Disposal, Retirement. Preparation and reconciliation of monthly fixed assets register
>Take good control entity GL accounting including bank accounts, accrued accounts, prepaid accounts and tax related accounts control.
>Preparation of monthly payroll and reconciliation of related ledgers and schedules.
>Ensure integrity of internal financial controls in compliance with regulatory standard and company policy and procedures.
>Ensure accounts receivable transactions under their control are processed accurately and on time. This includes processing in Sage and on project documentation such as Job Statements.
>Produced sales invoice/credit notes in line with Architect's instructions and the signed agreement (or, as instructed by the Managing Partner/Commercial and operations Director in the absence of signed agreement.
>Prepares month end and year end reports reconciliations in line with agreed time table.
>Assist in the annual audit ensuring that information is available for the audit visit.
GL Accountant
>Gathers all information for monthly/yearly closing of books (AR-AP-Inventory, Purchasing, Fixed Assets) Review, compile and analyze its related transactions.
>Prepares monthly accrual, prepayment, recurring entries for the month.
>Review, analyze and prepares monthly balance sheet accounts reconciliation.
>Prepares/reconciles commission payment for each agents.
>Uploads Trial Balance using Hyperion Financial Management (HFM)
>Provides supporting documents, schedules and pertinent information required by the Auditors.
>Prepares calculation for payroll (overtime, advances, reimbursements and other employee benefits)
>Follow up outstanding and overdue accounts receivables.
>Forecast weekly and monthly collection.
>Send out statement of accounts for key customers.
>Identify and resolves discrepant invoices by escalating identified issues to logistics, buyers and sales engineers.
>Ensure complete recording of daily receipts, allocation of collection against outstanding invoices, application of credit/debit note, and other adjustments issued for the month and clearing of customer advances account.
>Prepares customer’s reconciliation of accounts.
>Close the AR module in oracle.
>Review Draft for LC establishment, prepares and submits required documents for presentation per LC stated conditions.
>Follow up with the bank as well as with the customer the status of presented LC documents and ensure discrepancies are accepted on time.
>Monitor and ascertain that LC will be collected on agreed LC credit terms.
>Send out reminders for expiring LC validity, materials delivery dates and request for its amendments.
>Responsible for issuance and amendments of bank guarantees.
>Deals with the bankers for all banking related transactions.
>Provides accruals for related bank charges for bank guarantees.
>Prepares bank reconciliation for 11 bank accounts in different currencies through cash management module in oracle.
>Performs daily reconciliation of cash pooled accounts.
>Prepares monthly cash flow to determine accuracy of hedging forward contracts.
>Reconcile balance sheet accounts - Cash, Cash Pool Header, Cash in-transit, (Checks issued not yet cleared), Unallocated receipts in AR module.
>Provides support, schedules and information as required by internal/external Auditors.
>Prepares foreign exchange revaluation for Cash, Interco and Trade Accounts Receivables, Advances from Customers, Interco and Trade Payables and Loan to/from Cash Pool.
>Analyze and submit Foreign Exchange Gain or Loss entries for the month.
>Assist Financial Controller in establishing effective and efficient accounting controls related to payables.
> Set up online banking system, initiates oracle check printing facility, Fixed Assets and Cash Management Module.
>Prepares checks, online banking and netting payment for local and intercompany transactions.
>Check the completeness and correctness of documents before payment such as suppliers invoice, goods received note, purchase order, supplier’s statement of account and aging of accounts payables.
>Match the invoice against (GRN) goods received note and identify discrepancies if requires. (i.e. quantity, price and item description).
>Prepares write off schedule for the goods received in the system but were not invoice yet by the supplier for more than 3 months.
>Validate the credibility of GRNI report (goods received not yet invoice).
>Resolves any variance by escalating the issues to sales engineer and buyer. Verify the Sales Order issued to customer, Purchase order received from the customer and the Order Acknowledgment received from the factory/supplier and other correspondence during the negotiation and execution of the order.
>Ensures that expenses and payments, prepayments and accruals were correctly recorded (e.g. Dewa, Etisalat, Travel Ticket, Employees reimbursements, etc.) which includes inter-company and local purchases,
>Reconcile and confirms intercompany payable balance.
>Review master vendor file and updates information accordingly based on the set of compliance.
>Forecast the expenses for the week.
>Records the Fixed Assets acquired, sold and retired during the month.
>Generate the monthly Depreciation report for the month.
> Close the AP and Fixed Assets module in oracle.
>Custodian/Replenishment/Disbursement of funds through the petty cash funds. >Preparation of daily collection memo.
> Preparation of journal entries (e.g. multiple debit transactions) and reports. >Summarization and monitoring of unreleased checks.
>Release and monitoring of reimbursements and refunds. Consolidation of the daily cash register (similar to daily collection memo).
>Provision of assistance in the issuance of official receipt/acceptance of payment/remittance and application of payment through oracle.
>Accommodation of client inquiries.
> Acts as the officer -in-charge in the absence of the supervisor
>Preparation and analysis of accounting journal entries.
>Posting of transactions to the subsidiary ledger and preparation of aging analysis report.
>Monitoring of the collection status of accounts regularly using aging report. >Reconciliation of accounts with client/brokers.
> Recommendation of accounts for penalty notice or suspension.
>Preparation of commission computations and monitoring of commissions payout. >Preparation/analysis of contract value computation.
>Preparation of monthly report on renewing accounts containing payment history.
> Acts as the officer -in-charge in the absence of the supervisor.
> Others as maybe assigned from time to time.