Kuwait
Aiming heights, conquering challenges and grabbing opportunities to prove myself in my chosen. Holds a Bachelors degree in Commerce - specialized in Finance & Accounts & a PG Diploma Certificate in Financial Management, having 8+years of working experience in fields of Accounting, Finance, Treasury and Banking Relations & a member of Kuwaiti Association of Accountants and Auditors.
• Preparing detailed financial reports and presentations for the review of the management and board members. • Preparing annual budget and formulating accounting policies. Recommending corrective measures to control purchases and spending by evaluating budget variances. • Processing payroll, invoices, and payments. • Preparing tax forms, filing, and paying U.S. employee’s taxes monthly to IRS. • Performing month and year-end reconciliations and closing of books. • Assisting management to conduct internal audit including surprise cash count and stock check. • Monitoring and managing Cash flows of the Association. • Handling bank meetings and requirements. • Evaluating the strengths and weaknesses of the Association’s current fiscal position, recommending measures to improve the organization’s fiscal stability. • Preparing reports and data required by the Auditors and ensuring timely completion and submission of Annual Financial reports to the reporting authorities. • Advising management on Capital Improvement plan, Business Model, monthly / quarterly inventory purchases, investing in fixed assets and on development of new cost centers. • Evaluating operational and financial data and recommending cost-control improvements. • Advising on the selection and application of accounting software and point of sale system for cost-centers. • Introduce and manage accounting and internal controls. Ensure financial procedures are handled as per accounting standards and Association’s guidelines / SOP. • Ensuring timely posting of entries in QuickBooks and books are maintained in accordance with GAAP.
• Financial Accounting: - Assisting with annual audit preparations. - Investigating and resolving audit findings, account discrepancies, and issues of non-compliance. - Responding to financial inquiries by interpreting data - Manage Account Assistants, plan & review their work - Maintaining and reconciling balance sheet and general ledger accounts. - Prepare for month-end and year-end closing of books & accounts. - Analysis of Financial Statements & preparing related reports • Treasury & Cash Management: - Preparing cash flow projections and forecasting expenses. - Monitoring daily Cash position and its reporting - Liaise with Banks, Finance manager and Treasury Head to improve financial procedures & ensure liquidity - Working on day to day treasury activities - Liaising with AR and AP teams to manage cashflows - Preparing Loan Repayment & supplier payment Schedules
• Cash Management: - Responsible for all cash management and treasury activities. - Reporting of DCP and repayment schedules. - Ensuring liquidity, repayment of loans and monitoring facility utilization with each bank as per the agreement. • Banking relations: - Point of Contact for banks; handling & preparing Wire Transfers, Cheques and their timely release. - Processing of LCs/LGs/Refinance Facility payments etc. - Coordinating with banks for Facility Drawdown procedures. • Financial Accounting: Clearing AR/AP and Cash Management transactions in the system. Arranging Inter-Company Transfers and passing accounting entries for the same. • Reports: Daily Cash Position report, Cash Flow Projection, Collections Report, Bank Reconciliation, Inter-Company Transactions Report, Petty Cash Management Report, Loan Outstanding Report etc.
• Banking Relationships: Senior point of contact of KAICO, • Treasury- Purchase & Sales FX deals, • Draw-down, transfer & Payment processing; LC & Loan Rollovers etc. • Daily Bank review among other responsibilities • Imports & Logistics procurement Controller. • Handling Customs related requirements. • Shipment Clearance • Coordination with Customs, Shipment & import Suppliers • Document Controller • Preparation of LC for Trade Imports & Exports
- Prepare journal entries and complete general ledger operations - Maintaining an error-free cash register operation, payment processing, making money transfers and interaction with customers. - Monthly closings and preparations of monthly statements - Reconcile and maintain balance sheet accounts & preparing analysis of accounts as requested - Administer accounts receivable and accounts payable - Assist with payroll administration - Account/bank reconciliation - Monitor and resolve bank issues including fee anomalies