Chief Accountant
Saudi Esal Trading Company
Total des années d'expérience :19 years, 4 Mois
• Monthly reviews to ensure the accuracy of the financial reports related to the general ledger, accounts receivables, fixed assets, payroll, accounts payables, and cost of goods sold
• Monitor the aging stock, inventory net realizable value, margin calculation, cost of goods sold, and inventory reconciliations
• Monitor the audit activities to ensure the deadlines for issuing the financial statements and filing them with the government’s authorities
• Monitor the Zakat and Tax working and supporting documentation and ensure compliance with the government’s requirements
• Manage the daily operations of the Accounting section to ensure that work processes are implemented as designed and comply with established policies and procedures
• Monitor the issuance of sub-ledger reports and ensure their accuracy and compliance with the general ledger through approving monthly reconciliation between sub-ledger and general ledger
• Monitor vendor payments ensuring compliance with finance policies and procedures, completeness of payments supporting documents, and required approvals as per the authority matrix
• Develop and maintain internal control and an effective accounting system by preparing and recommending policies and procedures
• Summarizes current financial status by collecting information; preparing balance sheet profit and loss statement, and other reports
• Preparation of monthly, quarterly, and annual financial reports
• Advising and assisting the Management in the compilation and control of the Company and departmental budget
• Any other financial management duties assigned by the Director of Finance to core the business needs
• Monitor the Company’s bank accounts on a daily basis
• Review, verify and approve monthly bank reconciliations to ensure their correctness and avoid long-pending transactions
• Monitor the fixed assets register with proper categories, classifications, and proper tagging to ensure applying the proper internal controls and compliance with the general ledger
• Hands-on experience with accounting ERP System (D365 Business Central)
• Verify, allocate, post, and reconcile accounts payable and receivable
• Produce error-free accounting reports and present their results
• Analyze financial information and summarize financial status
• Spot errors and suggest ways to improve the efficiency of spending
• Review and recommend modifications to accounting systems and procedures
• Participate in financial standards setting and in the forecast process
• Prepare financial statements and produce budget according to schedule
• Prepare monthly depreciation and standard accruals
• Periodic internal and external audits to ensure compliance
• Plan, assign, and review staff’s work
• Posts financial transactions including transfers, deposits, and journals and posts closing, entries at fiscal year-end, prepare financial records for annual auditing and reporting purposes
• Thorough knowledge of basic accounting procedures
• In-depth understanding of Generally Accepted Accounting Principles (GAAP) and ensuring compliance with
• Experience with general ledger functions and the month-end/year-end close process
• Prepare monthly bank reconciliation
• Prepare periodic vendor reconciliation
• Advanced MS Excel skills including Vlookups and pivot tables
• Handling petty cash with the finance department
• Ensure that all entries are accurate and that transactions are reported following accounting standards and government regulations and make changes as necessary.
• Administer and plan all cash management and cashier functions, including accounts organization, cash flow monitoring, bank accounts, and electronic banking needs.
• Participating in the Preparation of Monthly and annual financial statements and reports.
• Matching and updating all company facilities balances (Loans, LCs) monthly.
• Interact with external auditors in completing audit procedures.
• Solving accounting problems of the sell points and branches by communicating with the related staff or the branch managers.
• Coordinate with section staff to achieve the section targets and outputs perfectly on time.
• Prepare weekly and monthly Cash forecasts to update cash flow position and funding needs.
• Daily cash management and reporting.
• Processing the payments for foreign vendors.
• Communicate with all Company related banks and develop strong bank relationships.
• Ensure compliance with organizational guidelines and procedures.
• Follow up with the bank for the pending transactions& Financial issues
• Maintain quarterly reconciliation with customers.
• Support the Finance Director and the Management in all treasury-related matters.
• Monitoring Bank Transactions / Bank Correspondence.
• Maintain Bank Reconciliation and reporting on variances.
• Review and analysis of Petty cash fund for the branches.
• Working knowledge of ERP Systems (MS Dynamics AX).
• Prepare entries to accounts, such as general ledger accounts, and business transactions in compliance with IFRS.
• Establish and maintain the implementation of accounting and accounting control procedures.
• Participating in the preparation of quarterly and annual financial statements and reports.
• Prepare journal entries relating to amortization, depreciation, accruals..etc. with appropriate supporting documentation.
• Interact with external auditors in completing audit procedures.
• Analyze and implement possible accounting solutions for discrepancies.
• Responsible for following up on financial procedures, and ensuring tasks are completed on schedule.
• Offering professional judgment on financial matters and advising on ways of improving business performance.
• Participating in the Preparation and reviewing of periodic budgets and cash flow forecasts.
• Follow up on Bank Reconciliation.
• Follow up on Petty cash fund.
• Inventory control with entries transactions making.
• Maintain monthly reports related to salaries, benefits, etc., of the company employees.
• Complete follow-up and coordination with other departments and branches of the company for the smooth functioning of the work.
• To prepare and forward leave & final settlements, benefits, etc. of the company's employees to the Management for its approval.
• To prepare and submit monthly reports related to salaries, benefits, etc. of all the company's employees to the management.
• Daily data entry to keep the Human Resources Information System (HRIS) updated.
• To prepare payroll Data Entry monthly.
• Allotment of Mobile lines to the employees and maintain records Monthly.
• Preparing annual & quarter HR Financial Reports on the needs of the Financial Department.
• Recording financial transactions in the accounting system
• Prepare invoices and follow up collection.
• Follow up accounts payable and receivable issues or queries.
• Issuance of Collection Notices to Customers.
• Prepare monthly revenues & expenses reports for the shipments.
• Analyses all branches expenses and revenue.
• Report on the financial position of the company on a weekly base
• Audit and record all Customs clearance Representatives' petty cash.
• Prepare any other ad hoc report as requires from the management.
• Interact with internal and external auditors in completing audit procedures.
