Fouad Hajjaj, Finance Manager

Fouad Hajjaj

Finance Manager

Advance Pan Group

Location
Saudi Arabia - Jeddah
Education
Bachelor's degree, Accounting
Experience
32 years, 2 months

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Work Experience

Total years of experience :32 years, 2 months

Finance Manager at Advance Pan Group
  • My current job since August 2007

Prepare all financial reporting including Balance sheet, statement of income, statement of cash flows & annual budget.
•Designed and Implemented internal control and financial polices.
•Perform detailed account analysis and corporate month-end processing and reporting.
•Maintain the general ledger, ensuring compliance with GAAP.
•Review & approve all payments vouchers and payroll.
•Supervise the annual audits with external auditor.
•Supervise and manage finance staff department.
•Review and make decisions on credit limits of new and existing customers.
•Liaise with corporate office and local brokers for company insurance policies.
•Review the annual zakat declaration.
•Dealing with banks and check the bank reconciliation.
•Review and control fixed asset register.
•Coordination with Project Manager for pricing of government and private tenders.
•Review all year end reconciliations.

Finance Manager at Themar Commercial & Business Development CO. – ABBAR & ZAINY GROUP
  • Saudi Arabia - Jeddah
  • October 1999 to August 2007

• Prepare and submit the group’s monthly financial statement, budget and quarterly rolling forecasts and complete the reporting requirements to CFO.
• Perform detailed account analysis and corporate month-end processing and reporting.
• Update monthly investment portfolio. Follow‐up on work related to financial investments, partnerships & joint‐ventures.
• Maintain the general ledger, ensuring compliance with GAAP.
• Review the monthly Business Activity Statements and review all monthly balance sheet reconciliations.
• Supervise and manage finance staff department.
• Prepare financial reporting and liaised with auditors on the year -end audit for more than 30 investment companies registered in Cayman Islands.
• Prepare, maintain and develop the company policies and procedures.
• Prepare monthly cash flows for the company and prepared the consolidated cash flows for the group and discussed with CFO.
• Review the annual zakat declaration.
• Prepare distribution list for the investment realized and make transfer payment for the shareholders & mentioning the IRR of their investments
• Dealing with banks locally and overseas. Control the banks multicurrency transaction.
• Review all payments vouchers & transfer.
• Review financial statement for subsidiaries (Modern dairies CO. CORTINA, Al diyafa shoping mall & OZEST Company.

Chief Accountant at Themar Commercial & Business Development CO. – ABBAR & ZAINY GROUP
  • September 1997 to May 1999

Responsible of overall financial and accounting function of the company including Annual budgets, Cash flows, Designed and Implemented internal control and financial polices, preparation of office procedures including the assigning of duties and responsibilities of all the staff in accounts Department. My duties and responsibilities can be summarized as follows:
•Supervise and manage finance staff department.
•Generating and preparing Financial Statement & Annual budget.
•Approve and directing accounts transaction.
•Preparing annual Zakat declaration statements.
•Finalize company medical insurance policy contract.
•Assisting finance manager of Preparing financial polices & Internal control.

Chief Accountant at Abdul Latif Jameel CO.Ltd. – TOYOTA , Makkah Center
  • July 1996 to September 1997

Umrah & kakiah).
Responsibilities:
•Ensured all company financial transactions adhered to company policies.
•Analyzed and made improvement suggestions regarding financial accounting and control systems.
•Conducted preparation of monthly financial reports and ensure to be submitted to head office on time.
•Supervise and manage finance staff department for two centers.
•Preparation of centers annual budget.
•Cash management and dealing with banks.
•Supervise Year end stock count and prepared the reconciliation.
•Supervise Year end Fixed asset count and preparing the depreciation list.
•Review all payments voucher, payroll, E.O.S. & sales commission.
•Supervise the zakat distribution.

Assistant Credit controller at Abdul Latif Jameel CO.Ltd. – TOYOTA
  • July 1994 to June 1996

Jeddah.
Responsibilities:
•Create system by using database software to control company credit sales for fleet & government and follow up with centers for the collection of debts.
•Prepare aging report for accounts receivable.
•Prepare list for the accounts receivable which determined to be uncollectible.
•Provided assistant to finance manager for cash flows reporting.
•Visit our fleet customers to evaluate credit worth.
•Approve credit sales in absent of credit controller.

Senior Accountant at Abdul Latif Jameel CO.Ltd. – TOYOTA
  • September 1993 to June 1994

Handle all financial accounting functions.
•Prepare and review cash flow reports.
•Prepare Trail balance, financial statements & budget.
•Prepare salaries sheet & submitted to head office for payments.
•Preparing and control the fixed assets register.
•Review and authorize the weekly accounts payable run & Approve credit sales to customer.
•Monitor stock levels and perform inventory reconciliations.

Internal Auditor at Abdul Latif Jameel CO.Ltd. – TOYOTA
  • April 1992 to August 1993

Review all payments, sales commissions & End of service for staff.
•Audit and prepare the report to the senior auditor for the united instalment centers.
•Ensured all company financial transactions adhered to company policies

Junior Auditor at Talal Abu Ghazaleh office
  • Saudi Arabia - Khobar
  • September 1991 to March 1992

Talal Abu Ghazaleh office, Al Khobar.
Responsibilities:
•Review and audit small companies and prepare draft report for submission to senior auditor.
•Participate with audit team in auditing big companies.

Education

Bachelor's degree, Accounting
  • at King Faisal University
  • August 1991

Qualification: •Bachelor’s degree of commerce K.F.U.(Major accounting). Professional Development: Ongoing professional development through courses in auditing, accounting and computing: - CPA Examination review June 1998 to March 1999. - New Income Tax law update- ERNST & YOUNG December 2005.

Specialties & Skills

Cash Flow Management
Budget Preparation
Decision Making Skills
Communication Skills
Financial Reporting
BALANCE
BUDGETING
FINANCE
FINANCIAL
FINANCIAL REPORTING
GENERAL LEDGER
GOVERNMENT
INSURANCE
MICROSOFT OFFICE

Languages

Arabic
Native Speaker
English
Expert

Training and Certifications

CPA Examination review (Training)
Training Institute:
WHINNEY MURRAY & CO.
Date Attended:
June 1998
Duration:
280 hours

Hobbies

  • Countries visited:
    Countries visited: USA,UK,FRANCE,SWIZERLAND,BELGIUM,AUSTRIA,BOSNIA & HERZEGOVINA,CHINA ITALY,CROATIA,NETHERLANDS,SPAIN,TURKEY,GREECE,MALYSIA,INDONESIA, THAILAND,PAKESTAN, INDIA,EGYPET, JORDAN,BAHRAIN,GERMANY,POLAND , SLOVENIA,SLOVAKIA ,CZECH REPUBLIC & UAE