Senior Accountant
Unimar Trading Co. LLC
Total des années d'expérience :19 years, 5 Mois
• Accounting:
o Verify the assets & liabilities mentioned in reports in fact exist
o Bank reconciliations & Inter company reconciliation
o Updating all types of schedules.(Fixed Assets, Prepaid expenses)
o Adherence of accounting standards and enforce them during audits of billing, payroll, inventories, payable and receivables
o Plan, manage, coordinate and implement the year end closing processing for the assigned accounting records
o Finalisation of Accounts
• Coordination:
o Implementation of compliance and corporate governance procedures, rules and regulation
o Coordinate on internal and external audit; implement recommendations if any; take corrective action wherever required
o Interact with IT in the implementation of system enhancements and improvements
o Oversee the preparation and manage annual and multi-year budgets and business plans
o Monthly management reports highlight variances from budgets and that budgets forecasts are updated periodically
• Payroll Accounting:
o Managing payroll processing through Wage Protection System (WPS)
o Data verification and entry for accurate and timely monthly processing of remuneration payments to employees
o Maintain the integrity and confidentiality of employees files and and update changes to any employee compensation details or employee records
o Process leave applications and ticket entitlement of employees
o Prepare and process final settlement of employees (EOSB)
o Handle and resolve all queries/issues related to compensation and benefits
• Bank Facility Management:
o LC/ TR opening, documentation and processing.
o Documentation of all bill discounting & Verification of interest/ commission/ charges made by banks for various facilities with their offer letter
o Forecast Cash flow positions and related borrowing needs and available funds
o Responsible for accurate accounting and implementing internal control in cash collection and banking
o Support in cash & treasury management
o Managing availability of funds to meet ongoing operational and capital investment requirements.
• Reporting and Analysis:
o Timely reporting of Financial Statements and other extensive financial analysis for Senior Management & Roots Group Arabia
o Monthly management reports highlight variances from budgets and that budgets forecasts are updated periodically
o Assess the efficiency & effectiveness of the organization
o Participate in cost analyses and rate studies
o Prepare variety of studies, reports and related information and interpretation to the management for decision making purposes
• Inventory Control:
o Implement improvement processes and systems to reduce inventory, Minimise costs and maximise working capital
o Be responsible for managing and running planned stock takes
o Perform cyclic stock checks
o Check and adjust shop floor data collection data
o Ensure integrity and accuracy of the stock management system
o Manage control measures to highlight mistakes, inaccuracies and discrepancies are addressed and resolved
• Credit Control:
o Payments from customers are collected as per the approved credit terms
o Collection of outstanding receivables
o Reduce the overall outstanding days and amounts overdue collection
o Review on daily basis the ageing report and allocate all receipt against respective invoices
o Respond to customer enquiries to ensure that any queries are resolved to customer satisfaction.
o Consult with concerned departments to ensure that any disputes over services and payments are resolved
o Set up new credit accounts as required and updating the existing accounts
• VAT Implementation and compliance:
o Preparation, validation and submission of monthly and quarterly VAT returns for the UAE entities
o Handle VAT reporting (payables and receivables). Ensure collections and payments are done in line with UAE regulations
o Conduct day-to-day transactional processing and reporting on taxation. This includes the accurate posting of all tax related entries
● Prepare, examine, analyze accounting records, financial statements, and assess accuracy of financial reports, completeness, and conformance to reporting and procedural standards.
● Prepared the Master Budget of the company.
● Forecasting of cash proceeds & cash disbursements.
● Preparation of financial feasibility studies for projects.
● Schedule invoices for payment, prepare refund checks and rent settlement of Tenant.
● Preparation of Bank Reconciliation Statement and Monitor bank balances and replenish when needed.
● Maintaining of flat details, tenant register, PDC and security deposit List.
● Preparation of monthly Debtors and Creditors Reconciliation.
● Preparation of yearly audit schedule and liaise with internal and external auditing.
● Preparations of monthly pay roll, annual leave settlement and final settlement of employees as per UAE law.
● Dealing with accounts receivable and payable.
● Handle fixed asset register and calculate the depreciation periodically according to the rates decided.
● Prepare periodical revenue reports and statistics monthly, quarterly, and at the year end.
● Ensure accuracy of sales contracts conditions and information created in the system in accordance with the supporting documents and ensure timely activation of the contracts.
● Maintain a track and ensure adherence of agreed sales payment plans. Update the tracker and ensure posting of payments against the customer account and perform the required reconciliations accordingly.
● Ensure month end closing activities are complete within the agreed timelines with regards to sales revenue, cost of sale, sales expense.
● Coordinate with the sales team and the Finance Team to complete the budget, forecast, and business plan exercises as per the agreed assumptions and deadlines.
● Preparation of Trading & Profit and Loss Account, Balance Sheet of Trading & Non-trading entities.
● Preparation of Bank Reconciliation.
● Preparation of Cash & Bank Book.
● Maintaining Fixed Assets Register, Debtors & Creditors Register.
● Preparation and finalization of accounts in tally.
● Preparation of Stock Summary and Accounts in Spread Sheets (Ms-Excel).
● Exposure to Management Accounting Cash Flow and Fund Flow.
● Office Administration Management duties day to day running of the office.
● Organizing meetings for Project Manager and negotiation with suppliers.
● Establish and maintain relations with clients.
● General Secretarial works general correspondence, Dairy Control, Screening of calls, typing of all reports and Letters.
● Arrangement of personal record of Managing Director, keep a track of his personal activities in his business and inform him accordingly.
● Report writing on strategic meetings and correspondence with clients.
● Developed presentation in meeting with various clients.
● Preparation of sales forecasts, actual sales reports statistics.
● To prepare bank Reconciliation, Staff salary statement/managing individual staff accounts.
● Finalization of accounts up to Trial Balance and preparing of income revenue statement.
● To Preparation book of Accounts on Peachtree accounting package.
● Market Research report rewriting on daily and weekly basis.
● Generate different financial reports at the end of period.
