Assistant Finance Manager
Abu Dhabi Supplies & Commercial Services
Total years of experience :21 years, 2 Months
• Maintaining accounts of construction & infrastructure contracts/projects as per International accounting standards (IAS 11). Well versed with categorization of project advances retentions etc., revenue accrual, Cost to Complete (CTC) calculations etc.,
• Preparations of Project cost budget, comparison of actual with budgeted figures and providing the variance to the project manager/management for their updation.
• Preparation of periodic Cash flow statements for individual project and grouping the individual cashflows for the purpose of reporting to the top management.
• Handling performance & advance payment guarantees and processing payments sub contractors payments by adjusting advance paid, holding/releasing retentions etc.,
• Periodic reconciliation of bank, accounts receivables & payables.
• Closing half yearly & annual accounts, preparation of Trial Balance, P&L account and Balance sheet.
• Preparation of payroll after considering various deductions.
• Coordination with auditors in annual audit.
Processing accounts payable i.e. from receiving invoices from customers to disbursement of payments.
Periodic reconciliation of bank, accounts receivables & payables.
Preparation of budgeted expenditure, receivables and various miscellaneous reports required by the management from time to time.
Closing half yearly & annual accounts, preparation of Trial Balance, P&L account and Balance sheet.
Preparation of payroll after considering various deductions & petty cash maintenance.
Coordination with auditors in audit & annual stocktaking.
Coordinating all banking activities such as remittances & letter of credits etc.,
Scored Highest marks in B.Com 2nd Year(Graduation)