Financial Management Specialist
2 days ago
We are seeking a highly skilled Financial Management Specialist to join our team at Al Abdulghani Motors Co.
Responsibilities:- Invoice Review and Posting
- Conduct regular analysis of payables ageing and reconcile with supplier SOA
- Expense Trend Analysis
- Prepare and analyze trends and ratios in expenses to assist payables management in approving expenses MIS and other analytical reports
- Provision Entries
- Post provision entry for Expenses and related GL accounts
- Batch Payments
- Run batch for payments to vendors after reviewing and reconciling the supplier accounts, provide list of pending invoices to Procurement and User departments, and provide batch payment list to Procurement
- Payment Details
- Update the Payment details in a common Excel file for review of the approvers, ensuring that every payment figure is accurate and placed accurately in the Shared drive
- Advance Payments
- Prepare advance payment to suppliers, review pending list and follow up with Procurement and user department for clearance of outstanding advances
- Journal Entries
- Review and pass journal entries of prepaid expenses, prepaid insurance, clearing accounts and lease rent payments (ROUs) and run amortization in correct GLs and review balance amount and prepare reconciliation schedules
- Tax Compliance
- Identify transactions with withholding tax liability and ensure timely payment to GTA
- Business Travel Claims
- Process business travel claims and ensure compliance under business travel policy
- Petty Cash Claims
- Verification and processing of petty cash claims for payment by Main Cashier after approvals
- Main Cashier Petty Cash Claims
- Verification of Main Cashier petty cash claims and issuance of cheques as per policy guidelines
- Budget Preparation
- Assist in preparation of draft budget details of assigned accounts in coordination with Business Units while keeping into consideration financial principles and past performance data. Monitor expenditure against Budgets and prepare variance analysis of assigned accounts
Skills Required
- Good communication skills
- SAP experience will be a plus
- Bookkeeping and Financial Reporting
- Financial Analysis and Reconciliations
- Proficient in Microsoft Excel
- Team player
- Certified (CA, CPA, ACCA)
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