Accounting Supervisor
Hily holding PJSC
Total years of experience :10 years, 11 Months
• Oversee and manage all accounting operations of the company including budgeting, bookkeeping, financial analysis, financial reporting, audits, taxation, accounting policies & procedures.
• Maintain the company’s books of accounts, record journal entries, post transactions to the ledger, and enter rectification & adjustment entries; assist the finance team in monthly, quarterly & annual closing of books of accounts.
• Assist the Finance Manager in developing the company’s annual plan and budget as well as developing and implementing goals, policies, priorities & procedures related to financial management, accounting and payroll.
• Perform monthly closings, costs follow-up and variance analysis to ensure accuracy and timely submission by subsidiaries in the consolidation software.
• Monitor all expenditures, analyze revenues, determine budget variances and report the same to the management.
• Prepare and manage bills, invoices and bank deposits, reconcile expenses to the general ledger, and ensure that all payments are properly posted; maintain records of payments and account status.
• Process all aspects of the monthly close of financial records, retrieve necessary month-end statements for the monthly closeout process, reconcile all asset accounts, including bank statements, and prepare financial statements.
• Manage accounting assistants and bookkeepers; ensure that the accounting policies and procedures are in compliance with the company policies and legal requirements.
• Ensure timely preparation of monthly, quarterly, and annual financial statements & MIS for the company and for group companies. Monitor intercompany transactions and reconciliations.
• Audit company accounts and systems, coordinate with internal/external auditors, provide them with required financial information and assist in preparing detailed audit reports to highlight shortcomings in procedures.
• Lead efforts to improve automation of all reporting and format of reporting.
• Monitored and managed daily accounting and financial transactions in the company including accounts receivable, general ledger, bank reconciliations, and month-end and year-end closing.
• Managed, supervised and controlled all activities in the accounts receivable division including accounting, monitoring, ageing analysis, dunning, DSO review, etc.
• Processed accounting receivables & incoming payments in compliance with financial policies and procedures.
• Developed and implemented a new system for accounts receivables.
• Maintained all the customer accounts under control up to date and correct; maintained books of accounts, posted journal entries to the ledger, handled GL reconciliations and matched customer balances between AR and GL.
• Reviewed daily collection and deposit of cash and cheques and validated excess/short collection.
• Performed daily cash management duties, including the recording of bank deposits, updating and distribution of cash receipt logs, and posting of cash to the accounts receivable sub-ledger.
• Reconciled the accounts receivable ledger to ensure that all payments are accounted for and properly posted.
• Strengthened and grew relationships with clients by communicating with them regarding past-due accounts.
• Assisted in the preparation of financial statements and monthly schedules with detailed movement analysis.
• Produced financial reports as required by Financial Controller; assisted in facilitating internal and external audit queries
• Handled daily operations of the accounting department, prepared and maintained books of accounts, coordinated monthly, quarterly and annual closing activities, and recorded and maintained all accounting transactions in the system.
• Worked within budget, reviewed expenses, and provided timely explanations of variances between actual results and forecasts/budgets; provided corrective action recommendations to management, where necessary.
• Posted accounting entries including A/P, A/R, petty cash, fixed assets and payroll to various ledgers; reconciled all the entries and ensured accuracy of posted entries.
• Responsible for processing supplier payments, petty cash management, payroll preparation and processing; prepared contracts with suppliers for different services, and maintained a filing system for suppliers and clients.
• Performed inter-companies reconciliation and passed to JVs for closing balances; reconciled the accounts payable ledger to ensure that all bills and payments are accounted for and properly posted.
• Reviewed invoices and requisitions for satisfactory payment approval; assembled invoices to be completed for payment.
• Prepared monthly payroll & bank reconciliations; received, verified and recorded employee expense reimbursements.
• Prepared monthly schedules for operating payables and suppliers paid for the month.
