HASAN ABDALLAH
Sr. Accountant
Dubai,DU
Summary
Diligent senior Accountant with solid background in financial analysis and reporting. Successfully managed complex accounting tasks and ensured compliance with regulatory standards. Demonstrated expertise in financial forecasting and budget management.
Overview
8
8
years of professional experience
4
4
years of post-secondary education
1
1
Certificate
2
2
Languages
Work History
Sr. Accountant
THT CONTRACTING LLC
09.2022 - Current
- Financial Reporting and Analysis:
- Assist in preparation of monthly, quarterly, and annual financial statements.
- Conduct variance analysis to identify discrepancies and recommend corrective actions.
- Monthly reconciliations for All Bank Accounts, Petty Cash Accounts to ensure the clearance of discrepancies.
- General Ledger Management: Review and reconcile balance sheet accounts monthly.
- Monitor and eliminate internal and intercompany transactions.
- Ensure all financial transactions are recorded accurately and in accordance with GAAP and IFRS.
- Prepare month-end and year-end closing processes. Budgeting and Forecasting:
- Assist in the preparation of annual budgets and quarterly forecasts.
- Monitor actual performance against budget and report on significant variances.
- Provide financial insights to support decision-making and strategic planning.
- Accounts Payable and Receivable:
- Maintain/distribute daily cash flow report and reconcile to general ledger monthly.
- Optimized cash flow management, carefully scheduling outgoing payments to coincide with receivable cycles.
- Reconcile accounts receivable and accounts payable balances.
- Manage cash flow by monitoring collections and payments.
- Handle daily operation with Banks through monitoring the implementation of cash transactions, Online Payments Processing, supplier Payments using bank facility STL, plus recording on the ERP system.
- Perform monthly and annual bank reconciliation.
- Letter of credit recording and follow up regularly
- Letter of grantee recording and follow up regularly
- Compliance and Internal Controls: Ensure compliance with GAAP & IFRS, company policies, and regulatory requirements.
- Compliance with audits and provide necessary documentation to auditors and participating as needed.
- Fixed Assets: Monitor and report on the financial performance and usage of construction assets.
- Ensure proper allocation of costs to expenses or betterments.
- Maintain fixed asset schedules and roll forwards. Provide schedules for audit, income tax, property tax, and monthly financial reports.
- Ensure depreciation and revenues are properly posted as per IFRS 15, IAS 16, IAS 38. Calculate and record additions and deletions appropriately.
- VAT Tax Compliance: VAT registrations and Prepare monthly sales & use taxes for submission quarterly as per UAE tax law.
- Corporate Tax Compliance : CT registrations and Preparing for Corporate tax submission by required date as per the UAE tax law.
- Compliance with tax audits and provide necessary documentation.
- Team Collaboration and Leadership: Mentor and support junior accounting staff, providing guidance on complex accounting issues.
- Collaborate with other departments to ensure alignment of financial goals and objectives.
- Participate in continuous improvement initiatives to enhance financial processes and reporting
- Responsible for company data management and record keeping systems, electronic and hard copy
- Prepared monthly journal entries and reconciliations and processing the Payroll for for different departments.
- Timely & regular attendance is required.
- Performs other related duties as assigned.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Prepared detailed financial statements for quarterly board meetings, providing clear insights into financial health.
- Improved stakeholder satisfaction by delivering customized financial reports tailored to specific departmental needs.
- Completed year-end closing processes with external auditors and ensuring pf year-end fair presentation for financial statements.
Accountant
SINYAR AL KHALEEJ CONTRACTING LLC
09.2019 - 07.2022
- Company Overview: Building Contracting, MEP Work,Swimming Pools Constructions.
- Review and reconcile balance sheet accounts monthly.
- Ensure all financial transactions are recorded accurately and in accordance with GAAP.
- Assist in month-end and year-end closing processes.
- Proficient in GAAP and stringent financial regulatory standards
- Spearheaded audit processes, ensuring complete adherence and compliance
- Successfully negotiated with vendors to deduct retentions by 10%, enhancing profitability.
- Directed quarterly financial audits, maintaining full compliance with GAAP and IFRS protocols
- Prepared accurate financial reports
- Executed monthly financial closings
- Reconciled bank statements regularly
- Reconciled accounts, Banks, AP, AR.
- Managed full-cycle accounting duties
- Assisting QS in Preparing Clients Payment Applications, Payment Certificates and Progressive Billing Process as per percentage of completion instructed by project manager.
- Solid knowledge of all government supplier portal for UAE government.
- Follow up for Clients' collections.
- Oversaw payroll, AP/AR, and tax reporting
- Prepared accurate financial statements monthly
- Utilized QuickBooks and Odoo ERP for efficient transaction.
- Ensured compliance with GAAP and IFRS standards
- Prepared financial statements for executive review for instance the P&L, Cashflow Forecasting.
Accounts Payable Clerk
Control Contracting & Trading Co.
07.2017 - 04.2019
- Entering invoices into the accounts payable system
- Processing payments
- Filing and maintaining supplier records
- Checking and verifying invoices and Supporting documents for the Invoice and Payment.
- Preparing cheques for payment.
- Performing other Accounting tasks as required by supervisor Controller.
- Timely & regular attendance is required.
- Performs other related duties as assigned.
- Utilizing SAP NetWeaver and Microsoft Dynamics.
Junior Accountant
Al Mazroui Real Estate
01.2017 - 07.2017
- Company Overview: Real Estate Management and Developers
- Managed daily bookkeeping tasks
- Prepares and posts journal vouchers for basic accounting transactions
- Basic accounting reports and accounting analyses
- A/C Payables management inc
- Preparing/issuing cheques, TT's & accounting entries
- Monitor owner's funds' availability for drawings etc
- Other Accounting Duties & responsibilities as may be delegated from time to time
- Real Estate Management and Developers
Education
Bachelor's Degree ( B.com) - Accounting and Finance
English Commerce - Kafr Elsheikh University
Kafr Elsheikh, Egypt. 05.2011 - 07.2015
Skills
Bank reconciliation
Financial Statement General Accounts
Power BI, Pivot Tables, and Excel Advanced
IFRS Standards, Documentation and reports
Tax Compliance VAT and Cooperate TaxTax preparation
USGAAP Generally Accepted Accounting Principles
Accounting software SAP NetWeaver
Oracle NetSuite, ERP systems, Odoo, and ERP NEXT
Financial reporting, Adjusting Journal entry posting
Accounts receivable management (AR)
Deferred revenue accounting, and Revenue recognition
Project accounting, Month-end closing, Year-end closing
Certification
Driving License, Dubai, UAE
Personal Information
- Date of Birth: 12/08/92
- Marital Status: Married
Passions
CMA Certified
Timeline
Sr. Accountant
THT CONTRACTING LLC
09.2022 - Current
Accountant
SINYAR AL KHALEEJ CONTRACTING LLC
09.2019 - 07.2022
Driving License, Dubai, UAE
08-2018
Accounts Payable Clerk
Control Contracting & Trading Co.
07.2017 - 04.2019
Junior Accountant
Al Mazroui Real Estate
01.2017 - 07.2017
Bachelor's Degree ( B.com) - Accounting and Finance
English Commerce - Kafr Elsheikh University
05.2011 - 07.2015