Accounts & Analysis Officer - Kuwait Airways Company (KAC) - New York, Frankfurt, Istanbul, Paris
(2019-09)
- Vouching of the entries, entered from at the station level and advising on the changes if required
- Preparations of reconciliation statements (bank and other accounts that require attention)
- Monthly end and Year end closing related matters
- Station Local Compliances documentations and fulfilling the requirements at the head office level
- Taken up the role entry and analysis Accounts (Expenses & Revenue) at the Frankfurt Station/ New York
- Review and commends of the available contracts at the Head office level, relating to station
Treasury – Accountant, Banking/Treasury - Kuwait Airways Company (KAC) - Head Quarters, Kuwait
(2013-02 - 2019-09)
- Preparation of the short term & long-term cash flow statements for Kuwait head office, with respect to station and head office revenue and expenses
- Forecasting the fund requirement at the station or to repatriate from the outstation for sale of surplus funds or for Head office payments
- Arrange cash pooling mechanism adopted by our Treasury Dept avoiding double currency conversions upon currency requirements
- Expert matter Bank guarantees/Letter of Credit for Kuwait Airways Trade Finance obligations
- Liaising with internal stakeholders to advise on rules and regulations laid down by OFAC and suggesting a mechanism to transfer funds to sanctioned countries or whereby Kuwait Airways accounts have repatriation issues
- Actioned monthly bookkeeping rates, fixed deposit calculations/ entries on interests earned and accruals for Kuwait airways Treasury departments
- Lead contact within Kuwait Airways for bank mandate for all corporate & stations signatures and accountable for advising where changes necessary
- Key contact with Banks and internally with respect to sale or purchase foreign currency/ Expert matter in GL analysis for Treasury accounts I.E Interest income, Foreign Exchange Gain & Loss, Revaluation of Subsidiaries, Bank charges
- Expert matter within Kuwait Airways Treasury/ Banking team to assist internal department i.e. GL/MIS/Revenue Accounting/Payroll/Bank Reconciliation and Outstation Finance teams
- IT lead for projects within Kuwait Airways Treasury such as ERP/ Banking Platform integration
Sr. Accountant - Kuwait Airways - Kuwait
(2007-07 - 2013-02)
Liaise with Marketing Dept Kuwait Airways on the following job functions
- An analysis of the monthly Income and expenses statement in order to derive at the Cost and Revenue for the Govt. Assigned Routes – Muscat / Abu Dhabi / Geneva and Casablanca
- Deriving the Block hours (after the conversion- time to fraction) of Kuwait Airways Flights on a monthly basis by aircraft Type
- In-depth analysis of the financials (income / expenditure statement hence Computing the Direct operational variable costs and Direct operational fixed cost there by deriving at the cost per hour, by aircraft type wise
- Calculation of the variances, percent of increase or decrease from the financials and investigating on the reason for a variation relating to accounts of the Marketing Dept
- Analysis of the balance sheet of the General sales Agent for the appointment of the agent
- Analysing the passenger and cargo revenue on a monthly wise and liaising the data to the marketing dept
Sr. Accountant - Al Saif Son's Medical Company - Al Rai, Kuwait
(2004-08 - 2007-06)
- Responsible to the reporting of the financial statements to the top management
- In-depth Analysis of the income / expenditure statement on the periodical variances and advising on the necessary plans that could be implemented to over some the diversified factors
- Preparation of the cost sheets on for pricing of the products imported to the country as an authorised dealer in addition to the costing of products locally purchased and sold
- Preparation of payroll and ensuring the salary is transferred during the specific time slot
- Analysing the Revenue / Costs for our marketing team on a staff wise basis, in order to ascertain the targets
- Tracking and monitoring the financial impact on the indirect expenses
Operational Executive - ICICI Home Finance - Bangalore, India
(2003-07 - 2004-06)
- Responsible for the variable interest rate calculation on a quarterly basis
- Responsibility to maintain an excel data base for all the cheques received by the ICICI Bangalore branch
- Responsibility on meeting the queries of balance of loan, interest rate applicable the next quarter, issuing the statement of accounts if necessary
