Senior Accountant
Chabros International Group
Total years of experience :11 years, 9 Months
Financial Reporting and analysis
• Ensured liaison with associated foreign companies for intra-group transactions.
• Experienced in dealing with foreign currency transactions as per IAS.
• Experienced in controlling debtors/creditors, aging analysis and reporting to the management.
• Designed and implemented internal policies and process controls to improve control environment.
• Ensured liaison with external auditors, legal advisor and tax consultants to make the organization compliant with relevant laws and other statutory requirements.
• Analyzed revenue, cost of sales, gross profit, and each division performance.
VAT
• Tested and reviewed VAT calculations and returns of KSA and UAE branches.
Credit Insurance:
Reporting to: CFO
Point of contact for insurance providers on group’s behalf to manage insurance processes and procedures of the 6 UAE branches. In this role I mainly:
• Reviewed and analyzed, credit clients to determine the credit worthiness and decided on the coverage limit under insurance.
• Trained branch accountants on insurance processes and procedures.
• Worked through IT department to develop credit insurance module.
• Provided technical guidance to branch managers on client centric insurance related issues.
• Reported to management with the key issues i-e legal, market risk and compliance issues.
• Made recommendations about procedural/policy changes.
Internal Audit:
Reporting to: CFO
• Performed and controlled the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
Monthly Closing:
Reviewed books of accounts to ensure that:
• All expenses, banking transactions, provision on doubtful debts/inventory, and accruals are booked as per company policy and proper general ledger/cost centers are charged.
• Bank ledgers, customers, and suppliers accounts are reconciled.
• PDCs are recorded properly and deposited in the bank on time.
• All sales invoices for the month are approved and issued, and Purchases for the month are recorded properly to have accurate effect on the costing and inventory quantity.
• Internal material usage, transfers and adjustments of inventory are recorded as per company policy.
• WIP and finished goods balances are transferred.
• Prepaid expenses are booked and amortized properly and accruals are booked.
• Fixed asset registered is updated and depreciation is charged accurately.
• All the unusual items in TB are identified and resolved.
Financial Reporting and analysis
• Prepared monthly management financials including, Balance Sheet, Profit and Loss Statement, Cash Flow Statements, Financial Ratios and analysis.
• Ensured liaison with parent company and other associated foreign companies for intra-group transactions.
• Experienced in dealing with foreign currency transactions as per IAS.
• Experienced in controlling debtors/creditors, aging analysis and reporting to the management.
• Designed and implemented internal policies and process controls to improve control environment.
• Ensured liaison with external auditors, legal advisor and tax consultants to make the organization compliant with relevant laws and other statutory requirements.
• Provided direction to junior staff on data entry, inventory management, and sales tax and income tax return filings levels.
• Analyzed revenue, cost of sales, gross profit, and each division performance.
Budgeting & Forecasting
• Prepared, supervised and reviewed business planning and annual budget.
• Co-ordinated and assisted business units in finalization of operational and capital budgets.
• Reported to management on variances from the established budget, and the reasons for those variances.
• Experienced in analyzing market to determine Focused Market Area for each individual sales person.
Monthly Closing:
Reviewed books of accounts to ensure that:
• All expenses, banking transactions, provision on doubtful debts/inventory, and accruals are booked as per company policy and proper general ledger/cost centers are charged.
• Bank ledgers, customers, and suppliers accounts are reconciled.
• PDCs are recorded properly and deposited in the bank on time.
• All sales invoices for the month are approved and issued, and Purchases for the month are recorded properly to have accurate effect on the costing and inventory quantity.
transferred.
• Prepaid expenses are booked and amortized properly and accruals are booked.
• Fixed asset registered is updated and depreciation is charged accurately.
• All the unusual items in TB are identified and resolved.
Financial Reporting and analysis
• Prepared monthly management financials including, Balance Sheet, Profit and Loss Statement, Cash Flow Statements, Financial Ratios and analysis.
• Ensured liaison with parent company and other associated foreign companies for intra-group transactions.
• Experienced in dealing with foreign currency transactions as per IAS.
• Experienced in controlling debtors/creditors, aging analysis and reporting to the management.
• Designed and implemented internal policies and process controls to improve control environment.
• Ensured liaison with external auditors, legal advisor and tax consultants to make the organization compliant with relevant laws and other statutory requirements.
• Provided direction to junior staff on data entry, inventory management, and sales tax and income tax return filings levels.
• Analyzed revenue, cost of sales, gross profit, and each division performance.
Budgeting & Forecasting
• Prepared, supervised and reviewed business planning and annual budget.
• Co-ordinated and assisted business units in finalization of operational and capital budgets.
• Reported to management on variances from the established budget, and the reasons for those variances.
• Experienced in analyzing market to determine Focused Market Area for each individual sales person.
Direct and Indirect Taxation
• Filled corporate tax, sales tax, and tax deduction at source returns of Pakistan companies.
Internal Audit:
Reporting to: CEO
• Performed and controlled the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
Monthly Closing:
Reviewed books of accounts to ensure that:
• All expenses, banking transactions, provision on doubtful debts/inventory, and accruals are booked as per company policy and proper general ledger/cost centers are charged.
• Bank ledgers, customers, and suppliers accounts are reconciled.
• PDCs are recorded properly and deposited in the bank on time.
• All sales invoices for the month are approved and issued, and Purchases for the month are recorded properly to have accurate effect on the costing and inventory quantity.
• Internal material usage, transfers and adjustments of inventory are recorded as per company policy.
• WIP and finished goods balances are transferred.
• Prepaid expenses are booked and amortized properly and accruals are booked.
• Fixed asset registered is updated and depreciation is charged accurately.
• All the unusual items in TB are identified and resolved.
ACMA, CGMA
Cost and Management Accountancy: Main Subjects: • Advanced Financial Accounting and Corporate Reporting • Strategic Financial Management • Investment Analysis and Portfolio Management • Strategic Management • Risk Management and Audit • Management Accounting • Business Communication and Report Writing
Bachelor's of Commerce. (B.com)
