Accountant / Senior Accountant
Mazah Trading and Contracting Co.
Total years of experience :11 years, 4 Months
Preparation of annual financial statements, cash flow statements, budgeting, bank reconciliations, aging reports, cost center reports, project reports and customized reports rendering to the ad hoc requirements of Chief Finance Officer.
Requisition of information from different departments in lieu of the preparation of reports.
Manage payroll matters for Company and business units.
Cost controlling.
Responsibility to put forward accounting treatment according to the conceptual framework (IAS&IFRS) of transactions, which are unknown to the standard process.
Responsibility to highlight any weaknesses found in the accounting software and controls.
Establish and develop supplier strategies and relationships.
Responsibility of month end closing and their proper recording into the system (Expenses Accrual, Reconciliation, Intercompany transactions, etc.)
Read, monitor and respond promptly to all incoming communications (vendors, customers and other business partners).
Responsible to ensure the approval of supplier’s invoices.
Posting of all accounting entries and sending statements to agents.
Responsibility for making sure that all the assigned invoices recorded properly and for the approval from competent authority.
Responsible to resolve internal and operational problems on a diligent and business efficient manner in order to prevent service deficiencies and/or customer's dissatisfaction.
Maintaining accounting system of Receivable, Payable & Other expenses.
Preparing and presenting financial reports for meetings and Vendors.
Liaising with other departments and business units on a range of issues.
Providing advice on financial matters impacting on the company as a whole.
Banking money, checks received and issuing receipts as requested or needed.
Processing credit card payments received.
Maintaining and transferring money between bank accounts as required.
Payment of invoices and fees as required or otherwise instructed.
Recommends and maintain a system of policies and procedures that impose an adequate level of
Control over Finance Department activities.
Working as a part of a listed company as an Accounts Officer Finance proved to be a best decision taken by me. The bigger the organization bigger to learn. Strong controls, corporate environment, proper segregation of duties, best practices, complex problems & solutions, proper trainings, proper channels, professionalism and more. Everything was open to learn, it’s on you how you see things.
I was Accounts Officer Finance but I worked and directly reported to managers and head of department. Due to leadership & management skills I was also given a team of 10 members. The duties I performed included, but not limited to;
• Training and supervision of new recruits.
• Supervision of Receivable Aging Analysis on daily basis.
• Supervision of month end invoicing of three divisions including the preparation, processing, verification and dispatch of invoices.
• Helping ORACLE Financial Consultancy team at development & implementation stage & working as a testing level user in ORACLE R12.
• Leading & managing the transition of data from QuickBooks to ORACLE including preparation of historical master data and uploading while running both systems parallel.
• Performing reconciliations of the data that has been uploaded to ORACLE and highlighting any discrepancy.
• Attend meetings on ORACLE to provide daily report on implementation and describe nature & flow of accounts at Income Statement and Balance Sheet level.
• Assist in Receivables and Payables month end closing.
• Communication with customers as and when required, respond to their queries on daily basis and resolve the issues.
• Review and preparation of daily & monthly consolidated reports of receipts & payments along with daily receipts reconciliation, bank reconciliation, daily cash movement summary, budget & payable, new & terminated customers & venders analysis.
• Review of accounting of general entries and vouchers to ensure accuracy.
• Respond actively to ad hoc requirements and customized revenue and receivable reports as and when required.
I started my accounting career in Pakistan as an Audit Trainee with Horwath Hussain Chaudhry & Co. (Chartered Accountants) in 2012. It was a great opportunity to work with an ACCA approved GOLD employer.
Starting out in auditing gives you a strong foundation for a career in business because of the way you learn to understand businesses, think commercially and one of the best parts of this job is the variety of work.
During my internship, I was assigned to number of tasks covering;
• Audit of Financial Statements to see if the financial statements are prepared in accordance to the International Accounting Standards and to provide an opinion on the truthfulness of the financial statements.
• Travel to different sites to meet relevant staff and obtain documents and information as evidence to support the opinion.
• Attend meetings with organization's members & Audit Manager to develop an understanding of business processes.
• Check & verification of payment bills, accruals, prepayments, petty cash & other bills in different software.
• Observation of control procedures applied to process bills for payments (vendors, petty cash reimbursement and utilities).
• Audit of payroll.
• Verification of salary deductions, allowance and additional duties.
• Budget monitoring and review of different clients for preparation of special reports (Variance Report).
• Responsible for daily and monthly reports for internal purposes.
• Reconciliations (payments & revenue banks accounts, accrual & cash).
• Preparing financial statements and debtors' listings.
• Evaluation of customers’ credit ratings.
• Preparing reconciliations of accounts.
Professional Level of ACCA Examinations
Advanced Diploma in Accounting and Business
Certified Accounting Technician