Payable Accountant
Schlumberger
Total years of experience :14 years, 5 Months
• Primarily responsible for assisting AP team in the timely and accurate processing of multiple vendors and affiliates invoices, by reviewing all invoices for appropriate documentation, resolving purchase orders, payment discrepancies, and obtaining approval prior to payment.
• Maintaining and reconciling all legal entities AP sub ledger to the GL.
• Verifying and posting transactions (prepayments, accruals, and allocations) to relevant cost centers.
• Monthly reconciliation of affiliates and third party balances.
• Paying employees by receiving and verifying expense reports and disbursing petty cash by recording entry and verifying documentation.
• Maintaining files and documentation thoroughly and accurately, in accordance with company policy and accepted accounting practices.
• Payables circularization and assistance to Auditors during audits.
• To assist the Geomarket and Tax team in Kuala Lumpur Hub primarily in the areas of
Tax compliance for all existing legal entities in Saudi Arabia.
• Liaise with Treasury team to ensure that all tax payments (corporate & monthly withholding tax) are timely and accurate.
• Co-ordinate with Material & Logistics team at the Geomarket to ensure all custom documents & shipping invoices for all incoming shipments relating to materials & supplies and fixed assets are well kept.
• Reviews Balance sheet account, reconciles and prepares associated Balance Sheet schedules.
• Reviews detailed revenue and cost transactions and analysis of variance.
• Controls and prepares all legal entities general ledger entries including prepayments, accruals, and allocations.
• Reconciles and controls differences between fiscal and management accounting practices.
• Perform second level review on monthly withholding tax returns prior to submission to the auditors for certification.
• Liaise with Personnel Department to ensure GOSI listing by employee and entity are received and reconciled with payroll listing on monthly basis.
• Provide assistance during external audits to Local Tax Authority and External Auditors.
• Co-ordinate with Kuala Lumpur Hub and Tax advisor to ensure that Trial Balances, General Ledgers, Withholding Tax returns, Contracts & Agreements for all entities are translated in Arabic for statutory requirements.
• Understands, reviews, implements and complies with Sarbanes Oxley requirements as defined in the risk control matrix.
• Assisting team in the preparation of monthly management accounts, reconciling and preparation of P&L and Balance Sheet supporting schedules.
• Monitoring credit control function & furnishing daily reports on receivables aging.
• Reconciling payables with subsequent payments and party-wise balance reconciliation.
• Preparation of accruals and prepayments schedules.
• Preparation of monthly bank reconciliation, cheques and handling bank guarantees.
• Preparation, verification and requesting disbursement of payroll and other expenses.
• Analysis of sales and collection reports on daily basis through ERP.
• Reconciliation of head office & regional record regarding collection accounts and provisional receipt.
• Organizing and monitoring monthly and annual stock counts
• Providing assistance to External Auditors during Interim and Fiscal audits.
• Assisting in day to day accounting functions, maintaining and reconciling ledgers (creditors, debtors, stocks and expenses etc.)
• Monthly preparation of bank reconciliation and maintaining petty cash.
• Preparation of cash flow forecast on weekly basis and assisting in cash pool management.
• Preparation and disbursement of payroll and employees expenses.
• Assisting in procurement and monitoring of all purchase inwards and dispatches.
• Marking stocks and updating stock records on stock management system on daily basis.
• Securing financial information by completing and updating data base backups.
Bsc honors In Applied Accounting
Certified Accounting Technician (CAT)
Intermediate In Commerce