Ahmed Abouwarda CMA, Chief Accountant

Ahmed Abouwarda CMA

Chief Accountant

Saudi Technology Lube Oil Plant

Location
Saudi Arabia - Riyadh
Education
Higher diploma, Financial Planning, Performance,Control and decision making
Experience
14 years, 6 Months

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Work Experience

Total years of experience :14 years, 6 Months

Chief Accountant at Saudi Technology Lube Oil Plant
  • Saudi Arabia - Riyadh
  • My current job since December 2020

 Preparing and monitoring 2021 Budget.
 Preparing financials of 2 plants (Refinery and Lubricants & grease production units) on a quarterly basis to group CFO.
 COGS & Profitability analysis for each SKU.
 Reconciliation of group related parties.
 Evaluating and pricing of job orders before approvals and production.
 Vat return filling on a monthly basis.
 Loans following up (SIDF & Banks).
 Preparing procedures for accounting department (Physical count, credit facility, Sales Cycle & RTP; Request to payment procedures).
 Redesign the chart of accounts and data immigration for new ERP System.
 Supervise and train a team of 5 accountants.

Inventory And Cost Controller at Shell Lubes Co
  • Saudi Arabia - Riyadh
  • April 2019 to November 2020

 Ensure accuracy of the physical inventory and reported results. Investigate and explain book to physical adjustments.
 Perform audits of bills of materials to ensure product costs are accurate and accounted for properly. Report audit results monthly.
 Ensure timely and accurate input of bill of material and price code changes.
 Analyze variances and communicates explanations to management with recommended actions.
 Prepare forecasts of income statement, balance sheets, and statement of cash flows for the Plant.
 Monitor and implement plant internal controls (in conjunction with corporate policies) as necessary to ensure reporting integrity, safeguard company assets, and identify risks.
 Manage month-end closing and prepare monthly financial statements and other operational reports for site.

Inventory and cost accountant at Yousef Abdul Latif Jameel group
  • Saudi Arabia - Alqasim
  • January 2017 to March 2019

 Sales & inventory report on a weekly basis.
 AR aging report on a weekly basis.
 Commission report on quarterly basis.
 Responsible for all inventory transaction receiving & issuing.
 Monitoring the dates, pesticides & fertilizers, packing materials and irrigation materials inventories.
 Developing inventory analysis reports and analyzing variances.
 Assisting in the improvement in internal controls related to inventory.
 Reconciling inventory accounts to the general ledger.
 Preparing monthly journal entries as needed.
 Costing the dates received from factory after sorting or packing.
 Withholding tax on monthly basis, VAT filling to GZAT Quarterly basis.

Accounts Payable Specialist at Yousef Abdul Latif Jameel Group
  • Saudi Arabia - Alqasim
  • February 2014 to December 2016

* Responsible for all Accounts Payable processes.
* Ensured input and timely payment of all vendor invoices.
* Process and fulfill check requests and wire transfers.
* Coded the general ledger and processed vendor invoice payments.
* Process and audit of Employee Expense reports.
* Resolves collection and invoice discrepancy matters.
* Work closely with Auditors during bank and yearly audit.
* Verified details of transactions, including funds received and total account balances.
* Coordinated approval processes of all accounts payable invoices.
* Researched and resolved billing and invoice problems.

Senior accountant at Abdulaziz Alajlan Sons For Commercial & Real Estate Investment Co
  • Saudi Arabia - Riyadh
  • April 2010 to January 2014

 Prepares balance sheet, profit and loss statement, amortization and depreciation schedules, and other financial reports .
 Follow-up twelve bank account and make the reconciliations every month .
 Follow-up loans and payable interests .
 Follow-up real estate deeds submitted to the bank against loans and refunding them after loan payment .
 Follow-up the projects (19 Project) with the contractors and review the extracts submitted by them according to the value in the contract .
 Monthly report to the engineering department with the amount transferred to the contractors for the calculating the project achievement ratio to report to the general manger .
 Follow-up and recording the daily operations of the investment department in terms of sell and purchase in stock market exchange to conform the balance monthly with the invested companies .
 Preparing and reviewing entries and posting them in general ledger manually or by the computerized accounting software
 Settlement of employee' accounts and preparing end services remuneration and allowance for vacations .
 Follow-up the withdrawals of the board of directors to report it monthly to the general manger .
 Administer the monthly payrolls and handle cash custody and Petty cash .
 Follow-up and safeguarding the assets of the company and calculate the depreciation for each asset as per ratio .
 Carrying out and undertakes other similar duties and assignments as required and directed by General Manger or chief accountant .

Accountant at ajlan & bros
  • Saudi Arabia - Riyadh
  • October 2009 to March 2010

 In charge of following up three orders of Thobe fabric: (2) Korea - Shin Woo Moda . Co, (1) Japan- Conquest LTD .
 Follow-up consignments, reviewing vouchers, settling the cost of these consignments and setting the appropriate selling price according to profit ratio agreed by both Management and sales manager after adding insurance and customs .
 Follow-up suppliers' financial matters including fixing amounts, and making order of transfers when due .
 Entering purchases orders to the accounting ‘’great plans’’ software .
 Follow-up consignments until delivery at warehouses and receiving the delivery receipt from warehousemen .
 Working as a link between the company and suppliers in case of occurring any financial or other problems .
 Follow-up the suppliers' commitment to schedule of monthly and yearly quantities.
 Follow-up the commitment of Douglas factory staff (a factory of Ajlan& Bros) to the agenda and the achievement of tasks assigned to them .
 Conformity of factory's balances with Department of Accounts in Head Office in three months basis .

Education

Higher diploma, Financial Planning, Performance,Control and decision making
  • at Institute Of Management Accountant
  • August 2018
Bachelor's degree, Accounting And Business administration
  • at Mansoura University
  • November 2007

Specialties & Skills

Fixed Assets
Budgeting
General Ledger
Banks Reconciliations
Costing
Microsoft office

Languages

Arabic
Expert
English
Expert

Memberships

institute management accountants
  • Online
  • April 2011

Training and Certifications

CMA-Part 1 (Certificate)
Date Attended:
December 2010
Valid Until:
March 2011
ICDL (Certificate)
Date Attended:
August 2007
Valid Until:
October 2007

Hobbies

  • Swimming , Chess and football