SENIOR ACCOUNTANT
AL MAJEED IBRAHIM STEEL INDUSTRIES (PVT.) LIMITED
Total years of experience :5 years, 4 Months
Initiate and get the approval of the import order and share the same with the supplier for order confirmation.
Opening letters of credit, bank contracts, and payment of open accounts.
Acquiring shipment details and following up on shipping documents from the supplier.
Review shipping documents and government duties and taxes.
Processing and forwarding GDs and pay orders to the accounts department.
LC closing after making final adjustments based on the pre-post cost analysis.
Preparation and presentation of importer-wise import data reports for higher management pricing decisions.
Overseeing the handling and processing of annual financing facilities with different banks.
Compliance with the banks’ requirements to maintain pledged stock reports.
Participation in the finalization of monthly and annual financial statements.
Management reports including sales/purchase reports, supplier/customer reports, and variance analyses.
Reconciliation of processed work by verifying entries and comparing system reports to the balances of vendor accounts.
Payments to vendors by monitoring and verifying federal ID numbers and active & inactive status in the tax regime.
Preparation of bank reconciliation statements and investigation for anomalies, if any.
Performance of aging analysis of all customers on daily basis & suppliers on weekly basis and present it to the management. Also, present the quarterly comprehensive aging analysis together with the commentary to the management for their review.
Coordinate with internal and external auditors during reviews/audits and reply to the internal auditor’s periodic reports.
Ledger maintenance, reconciliation, and petty cash management.
Payables budgeting and preparation of schedules of liabilities quarterly.
Payments vouchers include third-party payments, final settlements, loans, and advances to employees, bonus payments, and staff gratuity payments.
Filing of sales tax returns.
Monitor day-to-day financial operations within the company, such as payroll, sales, purchases, bank payments, bank receipts, provisions, and other transactions.
Conduct departmental audits and implement internal controls for smooth operations.
Compliance with the organization's standard operating procedures (SOPs).
Ensure complete, accurate, and timely reporting of audit information to management.
Performance of the following Pre-Audit Assignments:
Petty cash vouchers, muster roll (Contract labor payment), hired vehicles, increment sheet of employee’s payment, leave encashment, approval of loan, marriage gifts, and compliance with withholding tax against suppliers and services.
Finalization of full and final settlement of employees through pre-audit who leave the company.
Performance of the following Post-Audit assignments:
Monitoring of monthly stock take, store inventory, and monthly loose tools issued to different departments. and reporting thereon.
Payroll audit as per applicable company and government labor rules and regulations, leave audit according to the company leave policy, especially about Gazette Holiday (GH) and time policy.
Sales Tax Payable/Refundable, EOBI, and Social Security Audit.
FINANCIAL & MANAGEMENT ACCOUNTING, FINANCE, TAXATION, AUDIT, AND COST ACCOUNTING SPECIALIZATION.
B.COM FROM GOVT COLLEGE OF COMMERCE GUJRAT.