Experience

Mattex Group

• United Arab Emirates
• Textile Manufacturing
• 100 - 200 Employee

• Accounts Payable & Treasury Supervisor

  • Jun 2019 - Present

  •Managed suppliers (Foreign & Local creditors) with an entry of invoices, payments, credits, invoices, and statement reconciliation understanding and utilizing company 3-way match procedures. •Prepared Vendor and customer aging reports. •Process payment for an average of 2,000 invoices value of 90MSR per month in multiple currency. •Create daily, weekly, monthly payment batches to ensure pay liquidity to vendors, partners, Related parties and employees related payments (EOSB, Reimbursement & Leave settlement) •Reviewed and processed PO/Non-PO invoices specializing in foreign currency such as USD, AED, CHF and Euro •Checking for proper approval levels and manager signatures on all processed invoices. •Upload vendors normal, wire and ACH payments file from the accounting system to the bank portal •Resolved and monitored aging or invoice on hold, prepayment and un-invoiced receipt reports •Managed the daily cash position of 35 accounts in different currencies (USD, EUR, CHF, AED) and determining daily cash requirements •Prepare Cash position reports (DCP), Cash Forecast to have a better decision making in cash spending and assist in taking decisions for new projects •Plan for short- & long-term funding (STL, LTL, TR Loans) to ensure we are in a good liquidity position •Follow up on financing agreements by raising alerts for repayment of principal or installments as when they are due. •Calculated and monitored interest accruals & repayments •Responsible for uploading types of payment batches to the online bank services •Communicate with serval banks to maintain the fixed rate and ensure the payment process run smoothly •Track payments requests to ensure the accuracy of payments & each request initiator received their payment •Manage liquidity – prepare and monitor current and projected cash inflows and outflows. •Liaison with banks for opening and monitoring letter of credits, bank guarantees and prompt discharge of cash against documents (CADs). Show less



Green Mart food Stuff Co

• Saudi Arabia

• Chief Accountant

  • Jan 2016 - Jun 2017

  •Supervised the routine accounting task in the department on day to day basis. •Supervised & ensured an accurate and timely monthly, quarterly and year end closing •Analysis of GL accounts (Receivables, Revenues & Prepayments) •Calculate and submission of VAT returns to GAZT authorities. •Maintaining and reconciling fixed assets schedules (register) •Develop and maintain cash flow analysis with monthly reporting. •Responsible for intercompany accounts reconciliation. •Ensuring accuracy of Journal entries and reconciling prepaid expenses, Accruals and other GL balances. •Supervised the GL, AP & AR team to ensure internal controls and processes are running smoothly in accordance with the company policy and procedures •Assisted in auditing activities by providing necessary information and preparing requested documentations •Performed the monthly, financial reconciliation for selected general ledger account, suppliers, and inter-Company GL balances •Coordinate with treasury department for recording of monthly interest on intergroup loans and current account balances and issuing the debit/credit note accordingly. •Checking & approving bills/invoices, credit note Processing payments upon due dates. •Preparation and review of Credit/Debit note, Debtor’s ledger, Petty cash, Sales invoice, Discount policies. Scrutinizing daily collections, payments, and various financial activities •Preparation, checking and reviewing the Management Report covering Sales, Receivables, Receipts, cost of sales & Stock on a weekly, fortnightly, monthly basis. •Ensured all monthly, quarterly, and annual financial reports are submitted on time •Reconciliation of payroll accounts (Accrued Salaries, End of Services provision, vacations provision, tickets provision) •Ensured accurate and timely processing of payroll Show less