Chief Accountant
Square Nine Trading Company Limited.
Total years of experience :15 years, 8 months
Square Nine Trading Company Limited:
Square Nine Trading Company is an established Company in retail & whole sales fashion industries with Saudi Management, It’s a related parties group of Midad Real Estate Investment and Development Co. Ltd. and Delta International Group, it is having international brands (Defacto, Soobee, Hummel, Derimod, Chico) of clothing, shoes, handbags, health item and accessories for all age of life and genders, having retail stores across the Kingdom of Saudi Arabia.
Designation : Chief Accountant
Tenure : 14th February 2016 till 20th May 2019 (3 Years 3 months)
Reporting To : Group Finance Manager
Brief Job Responsibilities:
• Financial Reporting with analysis on monthly, quarterly and on annual basis (brand wise) for decision making.
• Hold complete responsibility to monitor audit processing on annual basis to ensure timely completion of the audit and to support licenses renewals.
• Ensure trial balance exercise timely completed to generate MIS package for management analysis and decision making.
• Manage & plan month end closing records, prepare and review payables reports, sales reports, analyze budget vs. actual brand performance category wise to highlight positive and negative movement in the Gross Profit.
• Zakat certificate preparation of documentation, submission to GAZT and handling follow ups and related issue along with auditors.
• Co-ordinate with banks with regards to LC, charges, credit card machines, KYC, bank facilities, reconcile and record the track of the uncleared items to ensure that only minimum funds are kept in all the banks for optimum utilization of the funds available.
• Ensure & Verify that timely inward and outward payments (domestic & International) invoices and expenses are recorded under proper books of accounts to ensure the appropriate booking of the cost and to guide concerned team members to maintain safe custody of payments and other supporting vouchers to ensure easy retrieval.
• Verify the accuracy and process expense reimbursement to ensure support smooth functioning
• Ensure timely processing of staff payroll through WPS with related documentations to MOL.
• Ensure timely preparation of provisions for EOSB, Air Tickets and Gratuity on monthly and end of year,
• Regular contact and coordinate with all Operational heads, sales outlets to ensure smooth operations.
• Performed other responsibilities in line with the nature of assignment as and when required to enhance the performance, efficiency and continuity of the department & company.
• Ensure that appropriate accounting services are professionally provided through effective management of Finance staff in order to support the achievement of the company’s objectives and business goals.
Achievements:
• Successfully implemented and tested Oracles Fusion cloud (X-Store).
• Successfully Implemented, tested and trained the staff in Oracle MOM Suits (RMS, RPM, ReSA, ReIM, SIM).
• Organized, upgraded and trained the staff in Oracle EBS (E-Business Suits - R12)
• Prepared and executed effectively inside VAT framework to guarantee convenient and productively documenting VAT Returns.
• Prepared and implemented successfully the financial policies with guidelines and procedures.
Sanglee Group of Companies is an established group of companies in Stainless Steel construction EPS (Expendable Polystyrene Sheet) & Plastic items Manufacturing industries with Korean Management/Owners, having production factories in Riyadh and in Al Kharj Industrial area(s) in Kingdom of Saudi Arabia.
Designation : Finance Controller
Tenure : 21st September 2013 till 20th January 2016. (2 Years 4 months)
Reporting To : General Manager (Owner)
Brief Job Responsibilities:
• Preparing consolidated Financial reporting on semi-annual and annually for analysis and decision making.
• Generate timely MIS reporting / division wise profit analysis, financial position, cash flow and other analysis reports as and when required.
• Review financial statements, books of accounts, fixed asset accounts, inventory, costing records etc. to ensure that accounts are prepared and maintained accurately and in line with international accounting standards.
• Work closely with external auditors to ensure due compliance with financial controls and implementation of audit recommendations / observations.
• Develop, gain approval and implement financial policies, systems, procedures and controls for the Department and review these periodically to ensure the smooth functioning of the company.
• Prepare, compile and facilitate the approval for operating and capital budgets and monitor expenditures against the same by conducting variance analysis reports.
• Dealing with banks for LCs, financing facilities and other related matters.
• Operating and approving the entries prepared in system Sage 50(Peach Tree) and to extract the trials for monthly reporting purpose.
• Oversee operation and maintenance of the pay roll system to ensure timely and accurate disbursement of salaries to all employee.
• Provide leadership direction, guidance, motivate and counsel staff in the Group Finance Department so that they perform to the best of their ability.
• Ensuring timely preparation of accruals and provisions for EOSB, Air Tickets and Gratuity on monthly and end of year.
Ebni Kenan for Trading est. is well known organization in Aluminum, Fiber Products Manufacturing and Traders of Aluminum Accessories in Kingdom of Saudi Arabia Riyadh, having its own manufacturing facilities for aluminum products.
Designation : Accounts Manager
Tenure : 1st April 2012 to 20th September 2013 (01 year and 6 months)
Reporting to : Managing Director (Owner)
Brief Job Responsibilities:
• Preparing financial statements monthly and annually.
• Manage & plan month end closing records, prepare and review accounts receivable reports, sales and sales return report, category wise to highlight positive and negative movement in the net profit.
• Solely responsible for conducting annual audit and to ensure the submission of audited financial to MCI.
• Preparation of documentation for Zakat certificate, submission to GAZT and handling follow ups and related issue along with auditors,
• Updating the customer master file in the ERP to generate customized ageing reports as and when required.
• Review and analyze customer credit history to approve the Credit Sales Request provided by the Sales Team.
• Monitor debtor/Creditor balances to update management to take appropriate action.
• Ensuring the timely (domestic & International) invoices and expenses are recorded under proper books of accounts to ensure the appropriate booking of the cost.
• Preparing, verifying and approving staff salaries and personal advances / loans as per company rules.
• Custodian of cash for working capital requirements and contingencies.
• Prepare cash position on daily basis to highlight the financial position.
• Monitor the reconciliation exercise between the bank statements and company accounts in order to ensure the accuracy and remain updated about the cash balance
• Co-ordinate with the health insurance company to protect the employee & business interest.
• Ensuring the correctness of entries in Tally ERP Version 9 and extracting trials for financials preparation.
Robou Zahran Group is well known Limited liability organization in Ready Mix Concrete, Travel & Tourism and construction Industries in Kingdom of Saudi Arabia, having its own manufacturing facilities at different areas of kingdom of Saudi Arabia.
Designation : Finance Supervisor
Tenure : 23rd June 2010 to 23rd March 2012 (01 Year 09 Months)
Reporting to : Chief Financial Officer (CFO) / General Manager
Brief Job Responsibilities:
• Preparing consolidated Financial reports on monthly quarterly and annually.
• Checking and ensuring the correctness of financial statements, books of accounts, fixed asset accounts, inventory, costing records etc. to ensure that accounts are prepared and maintained accurately and in line with international accounting standards
• Complete responsibility to monitor audit processing on annual basis to ensure timely completion of the audit.
• Preparation of documents, submission to GAZT and handling follow ups with auditors for zakat certificate,
• Checking, reviewing and paying the payroll with related documentation for all cost centers.
• Ensuring completeness, correctness of Cost of production report.
• Costing and pricing of products for regular and projects items.
• Examine bank balances to ensure optimum utilization of funds and to minimize the charges for maintaining accounts.
• Preparing fund flow statements monthly or need basis to highlight the financial position.
• Review and verify individual tenancy contracts summary of important clauses having financial impact to the company initiated by the assistant prior to obtain signature from management.
• Review and analyze customer credit history to approve the Credit Sales Request provided by the Sales Team.
• Provide the inputs and costings to get the best prices and credit facilities from suppliers/creditors.
• Ensuring the timely payments to vendors within the provided credit terms to maintain the good relations.
• Apportion the common expenses for all companies/branches based on the principle of shared services to justify the costs incurred by the support services departments.
• Operating, approving and ensuring correctness in accounting system Helool ERP (Arabic).
Raazee Therapeutics (Pvt.) Limited is a private organization in Pharmaceutical Industry in Pakistan. It is a Co Management organization of SIZA INTERNATIONAL PRIVATE LIMITED a Group of Pharmaceutical Companies, having its own manufacturing facilities at different Cities of Pakistan.
Designation : Assistant Manager Accounts & Finance
Tenure : January 2006 to January 2010 (04 years)
Reporting to : Director Finance / Group Manager Finance
Brief Job Responsibilities:
• Supporting Management by provide financial reports on monthly, quarterly and annual basis.
• Organizing and supporting Internal and External review work process by performing surprised visits.
• Sales Analysis through self-developed strategy to ensure the customer satisfaction (Customer Focus Strategy)
• Update customer master file in the ERP to generate (area - wise, region-wise, sales manager - wise, category - wise etc.) as and when required.
• Monitoring, reviewing and approving invoices and payments of suppliers and customers.
• Monitoring and reviewing Production, Purchase and LC planning with actual results and analysis,
• Co-ordinate with sales team to ensure timely and efficient collection of receivables, creating new clients.
Achievements:
• Successfully prepared and implemented customer focus strategy to ensure customer satisfaction.
• Successfully prepared and implement efficient inventory system to meet the seasonal demands of customers.
Riaz Ahmad & Company Chartered Accountants, (A member firm of Nexia International UK) is one of the leading Management Consultancy & Audit Firm of the Country, I have worked there as Cost and Management Accountant trainee (CMA Trainee).
Worked as accountant in Habib Enterprises, it’s a manufacturing establishment in Pakistan.