Ali & Sons Marine Engineering LLC
January 2015 — Present
(Engaged in the construction of Cargo and Engineering vessels for oil companies, telecommunication companies and foreign companies, maintenance of ships, and cargo vessels)
Handling the accounting transactions for banks and fixed Assets.
Submission of Daily cash position to the management.
Prepare the cash flow forecast for the month.
Payment of Term loan instalments regularly.
Verification interest and profit rate charged on Term loan and overdraft loans.
Contact bank treasury for sale and purchase of foreign currencies.
Co ordination with banks for the Lc and Lg requirements.
Monitor the capital and infrastructure development expenses against the budget and report the
Assisting with project wise W.I.P for the projects and finalise the value of actual work completion
Review and posting recurring entries like depreciation, Insurance charges and Rent.
Co-ordinating with central payroll processing unit and arrange the fund for the payment of salary in different banks.
Assist the management to prepare the P& L account by providing required sales value and cost and W.I.P and overheads.
Monitoring the movement of capital expenditure and ensure the expenses spent with in the budget