Sarath Poonjath

Chief Accountant

TH8 Palm Dubai Beach Resort- Vignette Collection IHG

Dubai

10.2023 - Current

Work with the Finance Manager to provide full and accurate forecasting and budgeting proposals within the hotel
Ensure timely completion of external audit and coordinate with external auditors for fulfillment of all requirements and clarification
Finalize and review payroll, Tax Calculation, revenue, cost and ensure its submission or payment on deadlines
Ensure Effective balance sheet ledger reconciliation to control any overseen errors
Review of VAT returns in compliance with FTA regulations and ensure proper VAT reconciliation detailing the Input & Output transaction for the hotel
Ensure that Finance teams are providing month end closing and all other required management reports
Review documents like payments, contracts, proposals, ensuring accuracy, authenticity, demand and standard before submission for approval
Review general ledger at month end and analyze expenses and major variations from the budget
Prepare post and update standard journal vouchers and adjustment journal voucher entries at the month end, such as- prepaid expense, operating provisions, payroll, general stores issues, engineering store issues, reconciliation of food & beverage cost, accruals, provisions, allocation of expense, etc
Assisting Payable, Receivable and Cost Controller as and when required
Review supplier invoices, general ledger coding of expenses and verify supplier payments with supporting invoices, LPOs, etc
Producing an accurate set of month-end accounts, with comparisons to forecasts and previous periods
Specifically reviews the accounts payable balance to ensure accuracy and proposes action and follow up to be taken to ensure a clear balance with limited over 90/120-day amounts
Prepare Bank Reconciliation Statement
Verify expense reimbursement with supporting documents and ensure that they are in accordance with the policies and procedures
Analyze and investigate cashier's over and shorts
Prepares monthly Financial Statements for distribution to Department Heads and Executives
Responsible for month-end closing
Approves various city ledger transactions before posting
Prepares asset purchase/disposal report for owners
Approves payment requests, employee advances and petty cash prior to payment
Co-operates, co-ordinates and communicates with other departments in matters concerning accounting related matters and internal control.