Mohammed Omar Al-Amoudi, Finance Manager ( Treasury & Insurance )

Mohammed Omar Al-Amoudi

Finance Manager ( Treasury & Insurance )

Panda Retail Company - Savola Group

Location
Saudi Arabia - Jeddah
Education
Bachelor's degree, Finance / Accounting
Experience
22 years, 5 months

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Work Experience

Total years of experience :22 years, 5 months

Finance Manager ( Treasury & Insurance ) at Panda Retail Company - Savola Group
  • Saudi Arabia - Jeddah
  • My current job since January 2009

Manager of Banks , Insurance & Treasury .
 Looking after more than SR 12, 000, 000, 000 sales figures.
 Managing more than 700 bank accounts on a daily base.
 Managing all sales ( Cash, debit & credit cards ) on daily base.
 Managing a team of 150 persons.
 Managing all of the Cash Flow reports details .
 Managing all of our stores requirements ( Safe Money, Petty Cash, cash collection services .... etc ).
 Managing all bank transactions with SAVOLA group.
 Managing all company banking transactions with all banks ( Al-Rajhi SABB, SAMBA, SHB , NCB, Jazeerah, Ryad & Al-Faranci ).
 Excellent relation with banks team.
 Cash Flow Management.
 Managing all cashiers transactions in our stores ( we have 500 stores with around 4000cashiers ).
 Managing all credit sales transactions with our VIP customers ( King Abdullah Palace, Prince Sultan Palace, King Faisal Hospital ..... etc ).
 Authorized signatory with all banks with no limit.
 Managing all company insurance transactions with our insurance company as follow :
 Policies Renewal .
 Claims Management .
 Risk Management Duties.
 Weekly Meeting With insurance team.
 Follow up with our insurance consultant company.
 Special assignment requested by our management.
 Controlling the company monthly promotions from financial point of view.
 Managing more than 3000 Point of Sales bank terminals.

Finance & Administration Manager at Rakeen Steel Structure Company
  • Saudi Arabia - Jeddah
  • October 2008 to January 2009

-Establish company financial books & Accounts.
-Establish company manpower structure.
-Do all finance manager duties.(budgets, board rports, analysis, etc)

Cehief Accountant at Saudia Arabian Lubricating Oil Company
  • Saudi Arabia - Jeddah
  • December 2003 to September 2008

General Ledger Senior Accountant :

Consolidates accounts (Financial Statements) for the Head Office & Branches on quarterly basis & send it to company board.

Prepare Monthly Financial Statements for Head Office to company management.

Prepare Monthly consolidates Financial Reports on Dabbagh Groub formula.

Prepare Monthly expenses reports & ensures that the expenses are properly charged against the entries thereof & send it to all departments according with budget to review it.

Processes & Verifies the monthly reconciliations for General Ledger, Fixed Assets, Account Receivable & Sales Accounts with prepare any adjustments if required & print final trial balance.

Prepare Monthly journal Vouchers ( Accruals, Prepayments & adjustments).

Fixed Assets Controller :

Prepare & Processes all Fixed Assets Transactions :
• Posting to General Ledger.
• Process addition & disposal transaction.
• Issue new tags for all Asset addition & send it to proper department.
• Update Fixed Asset Register.

Account Receivable Controller :

* Verifies of Account Receivable monthly closing (Debit & Credit notes) &Sales invoices transactions with prepare all adjustment if required to we can issue final Sales Report & distribute it to all departments.

* Match the customers receiot with the due invoices .
* keep to follow up the due balances.
* arrange to build the require accraul for the long due balances.
* obtain the balance confirmations.


External Auditors Requirment :

* Prepare & coordinate all external auditor requirements during the year .

•Review & answer all comments coming from company departments related to expense report & financial statements.
•Performs any job duties assigned by Finance Controller.
•Prepare annual Financial Ratios Report.
•Coordinator of quarterly Stock Physical Count.

Snior Auditor at Arthur Andersen wordwide
  • Saudi Arabia - Jeddah
  • December 2001 to November 2003

I Joined with Arthur Andersen from January 2002 up to November 2003.
When I left the office I got Semi Senior Auditor Position.
During the period of the employment, I have fulfilled the assigned responsibilities successfully which are:
• Generating work plane schedules by inputting client trial balance data into the firms system.
• Prepare the audit file according to the firm’s procedures.
• Conducting the year-end physical count of cash on hand & stock items of the client.
• I’ve performed the following assignment:
1-CASH&BANK
Comparing banks confirmation of balances with the client’s books and studies the reconciliation if differences occurred as well as loans and fixed deposits.
2-ACCOUNTS RECEIVABLE & PAYABLE
Vouching the movement of the selected receivable / payable as well as matching confirmed balances with the books and study reconciliation if differences occurred.
3-FIXED ASSETS & DEFERRED EXPENSES
Vouching the addition & deletion of the year as well as calculating the depreciation / amortization expenses and assurance of client proper booking.
4-OTHERS
-Preparing revenue, purchase and payroll test as designed by my superior.
-Run analytical review test of prepayments, accrual and general & administration expenses.
-Run inventory turn over and receivable turn over test.
-I have a chance of completing an audit file alone for real estate and consumption material retail sales business as well as preparing of the Financial Statement (balance sheet, income statement, changing in partner’s equity and notes to the financial statement)
• Other tasks assigned by my superior.
Clients, whom I audited (prepared financial statements & Auditor Reports):
• Saudi Steel Reinforcement.
• Al-Rajhi Foreign Exchange.
• AL-Baroom Sons Group.
• Yanbu cement.
• Dareen Travel Agency.
• Dallah group.
• Jeddah science center.
• Dallah Trading co.
• Sempexs.(printing papers )
• Fosam co.

Education

Bachelor's degree, Finance / Accounting
  • at King abdulaziz university
  • September 2001

I got first position weith excelent dgree 4.74 / 5 in accounting department & honored from govoner of western region . also i got third position in high school in western region .

Specialties & Skills

General Ledger
Insurance
Administration
Fixed Assets
Using Oracle System
Computer Skills (Microsoft office)
English Language
Smart Link Bank system
Bank Trade Services
Zakat & Tax Course
Insurance Introduction
Cash Management Course
Treasury Management Course

Languages

English
Expert
Arabic
Expert

Memberships

Saudi Organaization Certified Public Accountant
  • Membership
  • May 2008