Mohammed Samarah- CMA, Financial Controller

Mohammed Samarah- CMA

Financial Controller

LOGICOM Distribution

Location
United Arab Emirates
Education
Diploma, Certified Management Accountant (CMA), 2 Part Certification
Experience
19 years, 2 months

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Work Experience

Total years of experience :19 years, 2 months

Financial Controller at LOGICOM Distribution
  • United Arab Emirates - Dubai
  • My current job since January 2010

Accomplishments:
• Instrumental in building/ developing company internal controls in partnership with Group Internal Audit dept.
• Driving force for enhancing the effectiveness and efficiency of the finance function and generate real insights to help deliver value to the business.
• Successfully led the VAT implementation process.
• Endeavored to optimize company’s financial health/performance & strategic position.


Roles:
• Formulating and implementing financial strategies, objectives, policies and procedures with a primary focus of establishing internal controls, ensuring optimal utilization of Group resources.
• Leading financial and accounting operations - reporting, cash management, accounts payable/receivable, payroll and insurance management.
• Devising/ implementing all aspects of financial analysis and reporting to optimize company’s cash flows, monthly and quarterly MIS reporting and working capital requirements in both the short term and the long term.
• Robust ownership and management of annual budget processes; identifying variances between actual and budgeted financial results, and providing expert advice to senior management to ensure that budgets are on target & 100% aligned to the strategic direction of the company.
• Overseeing preparations of new RFP’s for signing new contracts.
• Acting as the main point of contact to external auditors on audit plans, and timelines for the local reporting and group reporting.
• Managing the taxation affairs, including VAT filing maintained up-to-date expertise in taxes, financial regulations, and international accounting.
• Superintending a dynamic team of Management Accountants. Training, mentoring and empowering them to be of high caliber, recognizing and utilizing throughout the business as value added business partners.

Senior Credit Contoller / A/R Supervisor at LOGICOM
  • Saudi Arabia - Riyadh
  • January 2009 to December 2009

Accomplishments

• Provided thought leadership for development of a strong company credit policy and efficient management of Credit Control.
• Established and implemented sound credit administration policies, systems, processes, & procedures
• Played a major role in maximizing revenue and mitigating credit risk. Managed the challenging task through enhanced handling of disputed accounts and negotiations to secure payment in line with terms.
• Headed the collection team and maintained collection and team measurement and performance statistics.

Roles
• Accountability of credit management deliverables and performance. Effectively steered improvements to controls and procedures. Reported directly to the Group Credit Director.
• Reengineered credit control policies and procedures, as well as collection/ aging process to enhance credit control operations of the department.
• Liaised with customer to sort out the financial matters. Endeavored to maintain highest quality of accounts receivable & customers goodwill during the collection process.
• Undertook complex reconciliations, and compiled documentation for legal action.
• Led the ongoing efforts to improve and enhance the departmental processes and procedures, e.g. invoicing, sales promotions, and follow up.
• Partnered with the Sales Managers and Account Managers to close the big orders with Partners, Vendors & End-users.

Accountant, General at Alfanar Group - Construction Division
  • Saudi Arabia - Riyadh
  • January 2007 to December 2008

One of the most famous companies in field of construction, especially electricity domain. deals mainly with construction division grand accounts like Saudi Electric Co.
1-Coordinate with centralized treasury division & banks for foreign currency transactions
Booking of the new deals, Carry Forward, Uplifting, and Disposal (For Hedging Purposes).
2- Complete the monthly reconciliation with the Centralized Treasury Division.
3-Perform the daily & monthly bank reconciliation.
4-Prepare the monthly sales report showing the shortage billing and excess billing for all the projects.
5-Perform day to day processing of accounts payable.
6-Receive and Verify invoices and requisition for goods and services.
7-Make batches of invoices for date entry and payments.
8-Monitoring and processing the payments to vendors, and petty cash expenditures, and ensure that transactions are in comply with financial policies and procedures.
9-Verify time sheets, hours of work, and calculates salaries and benefits for the projects employees.

Senior Accountant at Afaq Industry
  • Syria - Damascus
  • March 2006 to December 2006

THE MAJOR WORK OF THE COMPANY IS IN DESIGNING AND FABRICATION OF FILLING AND PACKING MACHINES AND PRODUCT LINES AND IT IS ONE OF THE LEADING COMPANIES IN THIS MAJOR IN SYRIA AND ALL OVER THE MIDDLE EAST.

1-Build the accounting treatment cycle.
2-Check the daily records.
3-Perform monthly cost accounts for each product line and each machine under fabrication.

Senior Accountant at Marina Fashion Group
  • Syria
  • January 2005 to December 2006

ONE OF THE BIGGEST COMPANIES IN SYRIA CONCERNED WITH MEN FASHION AND RECENTLY IT TOOK MANY WORLD WOMEN FASHION AGENCIES SUCH AS (ESCADA, LAURE'L, MISS SIXTY, MOTIVE, AND NADINE) AND MANY OTHER.
1-Install the accounting system in 7 agencies in the country.
2-Follow up with the agencies sales and payment to the head office.
3-Follow up the inventory in the agencies and in the warehouse.
4-Calculate the cost of the imported goods.
5-Put the sale price for the material imported in each season.

Education

Diploma, Certified Management Accountant (CMA), 2 Part Certification
  • at Certified Management Accountant (CMA), 2 Part Certification
  • April 2013

Certification Number 39186

Bachelor's degree, Accounting
  • at Damascus University
  • June 2006

Specialties & Skills

ERP applications excel word powerpoint internet
Microsoft Outlook
Al-Ameen Accounting System
Microsoft Windows
Microsoft Excel
Microsoft Word
Microsoft Powerpoint
Navision ERP

Languages

English
Expert
Arabic
Expert

Memberships

Institute of managment Accountants - IMA
  • Member
  • August 2010

Training and Certifications

Book Keeping (Certificate)
Date Attended:
September 2005
Valid Until:
November 2005

Hobbies

  • Travelling, Footballm Reading