SENIOR ACCOUNTANT & CREDIT CONTROLLER
Fakhri and Brothers Air conditioning Trading LLC
مجموع سنوات الخبرة :13 years, 8 أشهر
• Effective management of funds in such a manner to accomplish the objectives of the company.
• Review of monthly financial Statements and make their analysis reports to identify potential problem areas and troubleshoot those and for better economic decision making.
• Cash flow management, monitoring, interpreting cash flows and predicting future trends.
• Monitor of Accounts Receivable aging, send collection letters to clients, more focus on stuck payments to be alive and force sales team to meet their collection targets on time.
• Approves creditor payments by follow their control checklist i.e. verification of invoices value, quantity, terms with goods received notes and purchase orders, statements verification and funds availability on cheques issue dates.
• Liaising with insurance companies and benefited company in slashing insurance cost by negotiating pricing and fees, while ensuring the continuation and enhancements of services.
• Preparing and reviewing detailed Annual budgets which help the higher management to limit expenditures, creates a financial roadmap and support in planning for future growth.
• Liaising with bankers and help the company to secure a bank credit facility limit of 15 Million AED.
• Design the Credit Control policy of the company which greatly reduced the bad debt ratio and help the company to go for secure credit sales.
• Support management in set up and assessment of clients’ credit limits by reviewing their financial statements, producing financial ratios through computer programs and their bank statements review that help to get the real-time credit worthiness report of client’s before assigning them the credit limit.
• Conferring with credit associations and references to exchange credit information on clients.
• Prepare control sheet for company statutory renewals (Such as trade permits, tenancy contracts, chamber certificates, fire safety agreements, staff visas etc.) and make sure all mandatory renewals to be done on time to avoid government penalties.
Audit and Assurance Division
Completion of audit assignments as a Team member and management of team issues & dealing with client as a team leader also making sure the correct and timely delivery of Deliverables.
Application of the International Financial Reporting Standards (IFRSs) and preparation of Financial Statements & notes to the financial statements in compliance therewith.
Application of International Standards on Auditing (ISAs) during planning and execution of external audit.
Assessment of control risk and designing tests of controls for specific areas in consultation with the job in charge;
Performing the test of controls and substantive procedures, highlighting the issues/ matters;
Holding discussions with clients regarding various accounting or other issues/ matters identified during the audit/ assignment;
Preparation of other deliverables, such as Audit Strategy Memorandum, Summary Review Memorandum, Final Audit Meeting Agenda for Manager, Matters for Attention of Partner and Management Letter identifying control weaknesses, the related implications and recommendations.
Verifying compliance with various company laws, as and when applicable.
Accounts, Audit , Finance, Performance Management, Business Reports, Corporate Reporting
92% MARKS IN ADVANCE ACCOUNTING , 87% MARKS IN COST ACCOUNTING ,70% MARKS IN BUSINESS COMMUNICATION