Accounting Manager

• Jan 2023 - Present

Accounting Manager

• Nov 2021 - Jan 2023

Performs a variety of accounting activities in accordance with accounting principles and standards, and ensures proper control of the concerned BUs/JVs’ financial resources and full compliance with all relevant regulations, laws, and reporting requirements Tracks KPIs for accounting activities, and devises plans and initiatives for improvement. Leads, directs, evaluates and develops team to ensure that objectives are reached. Development, performance appraisal and succession planning of all direct and indirect reports. Show less

Chief Accountant

• Nov 2019 - Nov 2021

Performs a variety of accounting activities in accordance with accounting principles and standards, and ensures proper control of the concerned BUs/JVs’ financial resources and full compliance with all relevant regulations, laws, and reporting requirements Ensures the timely and accurate creation of accounts for new business activities Ensures the timely completion of the monthly closing of the concerned BUs/JVs’ books Ensures accurate accounting entries of journal entries including provisions, journal voucher entries, and accruals Performs accounts reconciliations to ensure that all general ledgers are accurate and complete Is accountable for the analysis of major expense items as part of the periodic financial reporting Ensures all financial inter-group transactions related to shared services Ensures a fair allocation of expenses across the different BUs/JVs/department/projects Executes inter-group funding and borrowing activities, in line with the Group’s Treasury policies and proposed internal interest rates Ensures timely completion of inter-group reconciliations Supports the harmonization and standardization of all financial processes across Rawabi Holding’s BUs/JVs to optimize the consolidation of financial statements and inter-group transactions Analysis of major expense items as part of the periodic financial reporting Maintains and updates the chart of accounts Supports the BU/JV DFO in developing and institutionalizing Rawabi Holding’s accounting data, know-how and capabilities Tracks KPIs for accounting activities, and devises plans and initiatives for improvement Leads, directs, evaluates and develops team to ensure that objectives are reached Development, performance appraisal and succession planning of all direct and indirect reports. Show less

• Apr 2018 - Oct 2019

• Dec 2015 - Mar 2018

Assist in streamlining and improving the accounts receivable process and identify areas of performance improvement.Setting objectives for the accounts receivable team that align with the accounting department’s goals and ensure all team members follow the accounting principles.Assure timely and accurate invoicing , timely collection of payments and Negotiate with clients in non-payment cases and ensure high-quality of collection and invoicing procedures.Manage cash application making sure all cash receipts are applied properly.Supervise on -Output VAT reports, ensure timely reporting and settlement.Review up-to-date Contracts system CRM and Perform account reconciliations.Monitor customer account details for non-payments, delayed payments and other irregularities and generate age analysis and review maintaining accounts receivable customer files and records.Preparing A/R aging , revenue analysis, unearned revenue , Unrealized revenue, revenue against cost and weighted average cost of capital.Investigate and resolve customer queries and process adjustments , ccommunicate with customers via phone, email, or personally , and follow the balance confirmations yearly.Ensure that the financial standards on accounts receivable are met by providing the budget information for the annual accounts receivable, monitoring expenditures.Supports financial planning by forecasting cash.Deal with bad debts , provision , allowance for uncollectable accounts. Show less

• Aug 2013 - Dec 2015

• Sep 2010 - Jul 2013

Perform the day to day processing of accounts payable transactions to ensure that municipal finances are maintained in an effective up to date and Monitor accounts to ensure payments are up to date.Generate reports of Cogs, Consumption, 2nd Choice and Inventory shrinkage, leftover and statement of profit and loss from foreign exchange rate.Resolve invoice discrepancies and Prevent unnecessary prepayments, avoids duplicate payment, ensure cash discounts are taken whenever they maximize transaction profitability, deal and communicate with banks for solving the problems.Correspond with vendors and respond to inquiries. Produce monthly reports and assist in month end closing. Maintain updated master vendor file and Prepare withholding tax and sales tax reports and monthly bank reconciliation statement. Analyze, track and alert over budget expenses and cost centers.Assist in monthly payroll including Income tax. Show less

General Accountant

• Jan 2008 - Jul 2010

A large diversified Multinational contracting organization was established in 1959, leading global organization which competes in the international EPC (Engineering, Procurement and Construction) market, The company's staff of over 16K. Ensure accurate and appropriate recording and analysis of expenses, handling daily financial transactions according to company posting rules, handling daily bank treatment and petty cash, control general ledgers, depreciation and operating expenses. Preparing (Journal, Cash &Bank) entries. Prepare Inventory, Bank, Suppliers, Inter Companies & Other Sites balance reconciliation statements, Amortization& Depreciation Statement, Year ended taxation, statutory forms& purchaser's daily reports, Costing analysis of import suspense accounts for the acquisition of property, plant &equipments. Reconcile, review and report the petty cash. Reviewing Provision and Accruals and Audit checks and wire transfers and validate that payments are properly prepared in accordance with group polices prior to authorization. Show less