Senior Accounting & Finance Supervisor
Al Haitam For Industries & Economic Development
Total years of experience :16 years, 7 Months
Prepare financial Statement Consolidated & standalone (Profit and loss Account and Balance Sheet) other regular reports (Cash Flow, AR & AP reports) as per the requirement of the Organization and to report CFO.
Responsible for all day to day finance and accounting operations and also make sure all data have incorporate correctly in a accounting system.
Perform detailed account analysis and corporate month-end processing and reporting.
Maintain schedule of fixed assets, prepaid, accruals and EOBI to amortized monthly.
Review the monthly Business Activity Statements and review all monthly balance sheet reconciliations.
Monitor stock levels and perform inventory reconciliations.
Handle the company bank facility utilization accounts (Opening LC for inland and foreign party, bank guarantee for the import & PGB for the purchase and loaning from bank) and coordinate with the bank to ensure all the banking operation activities smoothly.
Control the Projects cost and revenue of projects and prepared the project status reports and also ensure the receipts and payments of related project.
Prepared the monthly payroll and taken the all necessary arrangements to process the staff salaries.
Follow up on customers regarding financial issues or collection of money and also making the plan of disbursement or payments to the suppliers accordingly.
Supervise all company’s accounts transaction and conduct daily internal audits and transaction control.
To work closely with other department of the organization for the preparation of annual operating budget of the company.
To ensure the reconciliation has been done properly with banks, suppliers, customers and other Ledger Accounts.
Prepare the budgets and conducts its analysis with actual while reporting to CFO.
Processing of Purchase Bills of Raw Material, Asset & Passing Bills of expenses from various departments.
Preparing the employees final settlement reports (EOBI).
Liaising with the External (E&Y Saudi Arabia) Auditors for the final Audit of the company.
Fully equipped with VAT knowledge, procedures and its implementation and successfully file the VAT return in KSA, as its start going to implemented in KSA. I have taken the the three days training from PWC Saudi Arabia and attended several others workshops conducted by E & Y Saudi Arabia and Zakat department which make me easier to file the VAT return in KSA.
Comprehensive experience of handling taxation matters and filling the returns to Tax Department as back in my origin country I was regularly performing such responsibilities.
Prepare financial Statement (Profit and loss Account and Balance Sheet) other regular reports and meeting the standards GAAP, IAS and IFRS.
Follow up on customers regarding financial issues or collection of money and also making the plan of disbursement or payments to the suppliers accordingly.
Supervise all company’s accounts transaction and conduct daily internal audits and transaction control.
To prepare the Cost of Goods Sold Statement, cost of production reports and other necessary cost details.
To work closely with other department of the organisation for the preparation of annual operating budget of the company.
Continuously monitoring and analyzing financial situation and changes in the regulatory and operating environment to determine their potential effect on the organisation. Taking the necessary steps to ensure that the organisation makes the required changes in reaction or in anticipation to such changes.
To coordinate with production department to ensure accuracy in the WIP and Finished Goods inventories.
Monitors and posts all financial transactions through Oracle base Accounting Software on daily basis.
To prepare the monthly, quarterly and annual closing of books of Account by cooperating where required so as to ensure timely financial reporting.
Posting of all payment vouchers and Receipt vouchers into bank accounts in the system.
Review collection status of customer to determine the actual collection position and the amounts of outstanding balances.
Reconcile records of bank transactions, supplier s, customers and other Ledger Accounts and also Perform the manual bookkeeping of sales order record.
To prepare expense details and also make the necessary details regarding employees salaries, wages and other benefits.
Additional Responsibilities
Prepare & review sales proposal, quotations & costing sheets, manage existing clients and identify new ones. Generating inquiries and closing deals at acceptable margins.
Ensure the customer's prices are reviewed on regular basis and whenever any discrepancy arises between actual and promised volumes then coordinates with the customer to sort out the issue.
Dealing with the local and international clients regarding the disbursement of the material and making sure that goods should be deliver smooth and safe way to the entire destination.
Establishes sales objectives by forecasting and developing annual sales quotas for regions and territories, projecting expected sales volume and profit for existing and new products.
Maintains sales volume, product mix, and selling price by keeping current with supply and demand, changing trends, economic indicators, and competitors.
•1 Controlling Accounts through company own design software based on SQL database.
•2 Preparation of Weekly, Monthly and Annually Profit and Loss Appropriation Account, Balance Sheet and Cost of Goods Sold Statement(Management Accounts) as Well.
•3 To E-file Sales Tax return and Income Tax (Tax deducted at source) monthly, Quarterly and Annually Tax Return to FBR.
•4 Reconciliation of Bank statements, Supplier’s Ledger Accounts, Customer’s Ledger Accounts, ensuring the daily receipts and payment and variance analysis.
•5 To make the necessary arrangement for employee’s Wages and salary other benefits for staff ensuring their compliance and providing a link between first line to top line management to helping the work related problems.
•6 To develop external relations with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organizations.
•7 To produce accurate financial reports to specific deadlines and managing budgeting.
•8 Budgeting and forecasting with periodical controls, variance analysis, reconcile the accounting statements, BPV, BRV, CPV, CRV, JV, General Ledger, petty Cash, sales tax and tax deducted at source, management reporting and ensuring compliance and also manual accounts of Co.
•9 To Maintain the company stock record through computerized accounting system and manual as well.
•10 l have also successfully conducted the internal audit of the organization for last two year.
•1 Preparation of daily voucher of expenses, party payments and verification of the bills with resource documents.
•2 Maintain Daily Receipts and Payments report, General Ledger, Inventory Day Book and also give a note on day book about quantity and material received.
•3 To prepare the reports of each project expenses as per activity planned.
•4 Reconciliation of Bank statements, Supplier’s Ledger Accounts, sub contractor’s reconciliation, physical stock checking on monthly basis.
•5 Checking the site accounts and posting of site accounts detail in their defined site ledgers.
•6 Advances sent to the site according to their requirements and also made site total expenses details head wise and prepared site expenses summary report as well.
•7 To Establish tables of accounts, and assign entries to proper accounts.
•8 To make Survey operations at different sites to ascertain accounting needs and to recommend, develop, and maintain solutions to business and financial problems.
•1 Work as Implementation Executive of Accounting Software (ERP)
•2 Work in Project during the working
Basit Motors & Co. (BMC)
Farmer Association of Pakistan (FAP)
Using Modules like General Ledger, Store, Sales, Payroll etc.
