Summary
Overview
Work history
Education
Skills
Languages
Timeline
Generic
Ahmed Al AlAwadhi

Ahmed Al AlAwadhi

Abu Dhabi,UAE

Summary

Experienced Accountant proficient in laws and procedures governing business operations, regulatory compliance and financial reporting. Capable of handling detail-oriented work in methodical and organised fashion. Seeking challenging, growth-oriented position where field expertise, resourcefulness and diligence can make positive impact on business operations.

Overview

9
9
years of professional experience

Work history

Sr. General Ledger Accountant

Dolphin Energy LTD
Abu Dhabi, UAE
03.2019 - Current
  • Maintain, control and supervise the General ledger and other subsidiary ledgers in SAP in accordance with accounting policies and procedures and chart of accounts.
  • Ensure the General Ledger is maintained accurately, efficiently and in compliance with company's policies and procedures and IFRS, where applicable.
  • Maintain the chart of accounts (COA), which includes opening of new GL accounts and inclusion/ mapping of these to the Financial Statements.
  • Ensure that all accounting transactions are recorded on a timely basis and coded accurately in SAP by adhering to timeliness and scrutiny of all journal entries posted in the accounts.
  • Prepare the month end closing schedule and ensure that it is done in an efficient and accurate manner to enable timely reporting.
  • Supervise the reconciliation of various GL accounts to ensure completeness, correctness and accuracy of accounting.
  • Analyse month end accruals and perform trend analysis for principal accounts and highlight exceptional items.
  • Prepare quarterly and yearly financial statements as per International Accounting Standard (IAS) procedures including cash flows and notes to accounts.
  • Manage audit and review queries ensuring that all audit related requirements / schedules are provided to the auditors on timely basis and queries are resolved. These audit cycles include external audit (Annual Audit & Quarterly Review Engagements), Internal audit, Shareholders audit and Government audit.
  • Co-ordinate and work closely with the SAP team for developing and delivering of various reports relating to Finance.
  • Supervise the update and regular maintenance of the fixed asset register along with the GL to ensure that proper coding of assets is done as per company’s policy and requirements.
  • Carry out the physical Inventory count exercise on a yearly basis as per the accounting procedures and company's policies. Ensure that the procedure is communicated to various auditors and managed efficiently.
  • Develop, train and mentor Nationals ensuring that they are kept on track for accomplishment of their milestones detailed in the individual development plan (IDP).
  • Initiate improvement initiatives in systems and processes intended to improve the efficiency and effectiveness of the process.
  • Prepare the Company's quarterly unaudited financial statements including Balance Sheet, Profit and Loss Account and Statement of cash flows.
  • Prepare the Company's annual audited financial statements including Balance Sheet, Profit and Loss Account and Statement of cash flows and notes to financial accounts.
  • Prepare month end journal entries to record accruals, cost allocations and adjustments and obtain approval from supervisor ensuring accounting entries are prepared in accordance with IAS.
  • Ensure the creation and registration of Company Fixed Assets as individual records in SAP Asset Management (AM) and monitor AM module and review adjustments for asset transfers, retirements, sale and disposal after obtaining approvals as per the delegation of authority.
  • Review monthly amortization and depreciation in SAP AM based on approved economic life of assets.
  • Ensure the proper and timely filing, scanning and archiving of accounting documents.
  • Review VAT related transactions and make sure all claims are as per VAT Federal Decree-Law No. (8) of 2017, Cabinet Decision No. (52) of 2017 and guidelines issued by FTA.

Treasury Analyst

Dolphin Energy LTD
Abu Dhabi, UAE
10.2016 - 09.2019
  • Receives, checks and processes Gas & Liquid purchase invoices for payment.
  • Monitors the receipt of Gas & Liquid revenues vis-à-vis agreed schedules and follows up on late payments.
  • Verifies and runs payments for vendors and employees’ DTRs & off cycle payments in SAP. Prepares letters to banks for payments or processes electronic payments. Addresses queries from customers, vendors and employees.
  • Prepares bank reconciliations every month.
  • Prepares & Reports fund flow movement.
  • Prepares posted & overdue report on vendors invoices which shows due invoices but still open in system to clear the delay invoices.
  • Handling all activities relating to letter of guarantees, bid bonds and letter of credit such as releasing reduction in custody.
  • Calculates, Prepares and Reports loan repayments & interest workings.
  • Coordinate with Banks & Institutions for interest rates, LIBOR, payment of financial charges, loan roll over’s, drawdown’s etc., confirmations & reports any discrepancies.
  • Monitor daily cash balances with the bank to ensure sufficient availability of funds to support all commitments in accordance with the priority of payments as per the Accounts Agreement.
  • Monitors and prepares Cash Flow Forecast Statement to forecast any fund requirement.
  • Monitors, makes and records deposits of any excess funds in accordance with the cash forecast & the financing agreements.

Payroll Specialist

Dolphin Energy LTD
Abu Dhabi, UAE
06.2014 - 09.2016
  • Ensure accurate and timely administration of monthly payroll payments to company’s staff, after verifying updated records on employee Contracts, Policy & Procedure manuals and related correspondence/documentation for each employees’ salary, benefits and allowances and providing operational support for all payroll related functions to facilitate payroll processing.
  • Reconcile payroll for the current month with the previous month and carry out trial run of payroll prior to processing of monthly payroll.
  • Verify claims for off cycle payments from employees for Loans and allowances, including temporary accommodation per diem/ housing allowance, mobile & equipment allowance, overtime, leave advance and encashment as per company policy.
  • Maintain confidentiality of assigned work, ensuring that confidential information is not revealed to anyone other than those specified to safeguard the company’s interests.
  • Generate various reports on employees’ compensation, including benefits and allowances as and when required.

Education

Certified Management Accountant (CMA) -

Institute of Management Accountants

Bachelor of Business Administration - Accounting

Zayed University
Abu Dhabi

High School Diploma -

Abu Dhabi International School
Abu Dhabi, UAE

Skills

  • SAP expertise
  • Month-end processes
  • Process improvement
  • Account reconciliation

Languages

Arabic
Native
English
Fluent

Timeline

Sr. General Ledger Accountant

Dolphin Energy LTD
03.2019 - Current

Treasury Analyst

Dolphin Energy LTD
10.2016 - 09.2019

Payroll Specialist

Dolphin Energy LTD
06.2014 - 09.2016

Certified Management Accountant (CMA) -

Institute of Management Accountants

Bachelor of Business Administration - Accounting

Zayed University

High School Diploma -

Abu Dhabi International School

Similar Profiles

Create profile
Ahmed Al AlAwadhi