Accountant
Royal Capital General Contracting
Total years of experience :9 years, 1 Months
Accountant: (AL JABER GROUP (Building Division)) | Abu Dhabi | June 2016 - current
• Accounts Payables: -
Exposure in dealing with suppliers & subcontractor for their payment according to their credit periods.
• Implemented the Policies and Procedures of IPC: - The Purpose of this is to illustrate and document the mechanism of payment application and certification and to standardize the process and template of Interim Payment Certificate (IPC).
• Receive and verify invoices and requisitions for goods and services against purchase orders and delivery notes (3 Way matching).
• Make sure all the invoices has been booked properly in the system.
• Checking the Payment Certificate PC / Invoices approved as per terms of BSA, WSO and LPO etc.
• Ensure proper approval and supporting documentation are available for all payments and that they follow to applicable policies and procedures.
• Posting and processing journal entries to ensure all business transactions are recorded.
• Arranging the supplier Bank Details, Confirmation of that account from the bank before processing the payments.
• Prepare payments by verifying documentation, contractual clauses, and certificates, delivery notes, receiving reports and requesting disbursements.
• Ensuring the Subcontractor payments are getting done on timely manner and handling/coordinating with the suppliers.
• Confirm the accurate allocation of costs and project codes on each payments.
• Coordination with various departments (Group HO, Commercial, Technical, Procurement, Treasury) on invoices, contract, APG, PG and LC issues to resolution.
• Make sure that the Supplier Reconcile has done at regular basis.
• Providing accurate information for audit conducted by the internal & external audit team.
Issues import Letters of Credit (LC) and Bank Reconciliation:
• Review/Handling Letter of Credit and Bank Reconciliation.
• Updating the cash flows on daily base.
• Passing journal entries for LC charges, Deduction and A/R on daily base.
• Associate with bank on payments, LC, TT, charges accepting and approval of Discrepancies, etc.
• Notifies importers of issuance of letters of credit.
• Reviews letter of credit documents to determine compliance with standards.
• Verifies LC documents, terms of credit, such as amount, insurance coverage, and shipping conditions to determine compliance with established standards.
• Manage the relationship with the bank partners.
PRF, PG, APG, Security Cheques:-
• Receiving payment requisition form PRF for advance payments and Against Deliveries.
• Strictly follow the payment terms before processing advance payment (Advance BG or Security Cheque are in place).
• Follow up the Subcontractor Guarantees and ensuring all APG and PG are valid until specific date as per BSA, WSO & LPO.
• Maintaining and providing the Reports on monthly basis of Main contractors and Sub-Contractor Payment certificate, Advance payment, Advance Recovery & Retention.
• Worked as Senior Accountant in ZONG main Franchise of CM PAK CO PAKISTAN in Mingora Swat.
• Oversees financial reporting for franchise.
• Updating daily base Cash Flow Position, Online Transfers Bank to Bank.
• Bank reconciliation.
• Collects past due accounts receivable balances for franchise.
• Preparing salaries of entire staff.
• Passing Journal entries for daily & monthly expense.
• Ensure all financial information is accurate and timely.
• Everyday reconciling with sales team.
• Communicates with co-workers, management, clients, franchisees and others in a courteous and professional manner.
• Responsible for all stock of franchise scratch cards, E-Balance, company mobiles and MBB devices 3G and 4G etc.
Finance
Studied in Swat (KPK) not in Peshawar, But it's not in Country that's. Major subject was Computer Science, Statistics and Maths
Studied at Govt Post Graduate Jahanzeb College Swat, Major Subject, Maths, Physics and Computer science
Major Subject Maths, Chemistry, Biology and Physics