Saleh El-Shorbaji, Finance & Admin Manager

Saleh El-Shorbaji

Finance & Admin Manager

Acorn Ind Co LLC

Location
United Arab Emirates - Ajman
Education
Bachelor's degree, Accounting
Experience
21 years, 11 months

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Work Experience

Total years of experience :21 years, 11 months

Finance & Admin Manager at Acorn Ind Co LLC
  • United Arab Emirates - Sharjah
  • My current job since February 2019

• Review daily entries and give final approval.
• Prepare Monthly Profit And Loss ( compound one - per branch ) .
• A review of the daily movement of cash and give approval to close the daily balance ( Exp : Imprest Acc ) .
• A review of the balances of suppliers and customers monthly to detect any error and modify.
• Receive and check balance sheet and give final approval.
• Follow-up daily Purchases and give the final approval of any purchase after review all quotations and offers ( After Created Separate Dept ) .
• Dealing with banks ( payments .. All facilities .. overdraft .. LC .. TR .. Cheques Discount …. ) .
• Review the reports submitted by the accounting departments in the group and give final approval and recommendations.
• Follow-up owners of personal accounts.
• A review of the trial balance periodically.
• Control over the sales department and the analysis of monthly sales Movement.
• Monitoring and interpreting cash flows and predicting future trends.
• Analyzing change and advising accordingly.
• Formulating strategic and long-term business plans.
• Researching and reporting on factors influencing business performance.
• Analyzing competitors and market trends.
• Developing financial management mechanisms that minimize financial risk.
• Conducting reviews and evaluations for cost-reduction opportunities.
• Coordinate and work with external auditors.
• Managing budgets.
• Arranging new sources of finance .
• Supervising staff.( Salaries Transfer and EOS ( End Of Service ) And Annual Leave Calculation And Payroll As Per UAE Low ( WPS ) .
• Keeping abreast of changes in financial regulations and legislation.
• Advise on investment activities and provide strategies that the company should take.
• Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
• Vat Tax Payment (review and prepare related reports and entries for Vat ) .
• HR controller

Finance Manager at Al Shaer Investment Group
  • United Arab Emirates - Sharjah
  • March 2016 to January 2019

• Review daily entries and give final approval.
• Prepare Monthly Profit And Loss ( compound one - per branch ) .
• A review of the daily movement of cash and give approval to close the daily balance ( Exp : Imprest Acc ) .
• A review of the balances of suppliers and customers monthly to detect any error and modify.
• Receive and check balance sheet and give final approval.
• Follow-up daily Purchases and give the final approval of any purchase after review all quotations and offers ( After Created Separate Dept ) .
• Dealing with banks ( payments .. All facilities .. overdraft .. LC .. TR .. Cheques Discount …. ) .
• Review the reports submitted by the accounting departments in the group and give final approval and recommendations.
• Follow-up owners of personal accounts.
• A review of the trial balance periodically.
• Control over the sales department and the analysis of monthly sales Movement.
• Monitoring and interpreting cash flows and predicting future trends.
• Analyzing change and advising accordingly.
• Formulating strategic and long-term business plans.
• Researching and reporting on factors influencing business performance.
• Analyzing competitors and market trends.
• Developing financial management mechanisms that minimize financial risk.
• Conducting reviews and evaluations for cost-reduction opportunities.
• Coordinate and work with external auditors.
• Managing budgets.
• Arranging new sources of finance .
• Supervising staff.( Salaries Transfer and EOS ( End Of Service ) And Annual Leave Calculation And Payroll As Per UAE Low ( WPS ) .
• Keeping abreast of changes in financial regulations and legislation.
• Advise on investment activities and provide strategies that the company should take.
• Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
• Vat Tax Payment (review and prepare related reports and entries for Vat ) .

chief accountant at Lebanese Fruit Co - LIFCO Group
  • United Arab Emirates - Sharjah
  • July 2011 to February 2016

• Managing key accounting functions within the organization including planning and reviewing of budget and expenses to implement effective operational procedures.
• Facilitating the completion of the accounting cycle by collating and analyzing financial data to prepare journal entries through EMAS enterprise business solutions Accounting Program.
• Conducting variance analysis to determine the difference between projected and actual results for execution of corrective actions.
• Establishing and maintaining collaborative relationships with external auditors to ensure compliance with established accounting standards and procedures.
• Monitoring completeness of deliveries received from suppliers, and comparing the goods with specifications stated in the invoices to reduce potential losses due to incorrect recording of procurements.
• Spearheading the preparation of profit and loss statements, cash flow statements, and other monthly/annual reports from EMAS enterprise business solutions Accounting Program to summarize the current financial status for management reviewing purposes.
• Administering the monthly payroll function for timely and accurate disbursement of payments based on business guidelines.
• Assisting in expenditures control by focusing on optimum allocation of resources to maintain financial security and attain desired profit margins.
• Directing monthly and annual inventory counts to make appropriate adjustments if necessary to contribute towards business stability and sustainability.
• Controlling the petty cash account and maintaining petty fund to support expenditures necessary for driving day-to-day functions of the departments.
• Disbursing timely payments to suppliers and other creditors to maintain key partnerships and to avoid expenses associated with interest payments or penalties.
• Depositing daily collections to the bank for effective account management and to secure adherence to procedural standards.
• Preparing daily collection summary to review business trends and operations effectiveness for fulfillment of corporate objectives and vision.
• Preparing monthly banks reconciliation including Arab Bank, Mashreq Bank, BLOM Bank, HSBC Bank, Standard Bank and Noor Islamic Bank to avoid overdrawn accounts and Managing And Follow Up banks facilities .
• Preparing customers and suppliers reconciliation to ensure that the current account balances are accurate and that all transactions are being correctly recorded.
• Tallying daily receipts with cash collection to identify and correct any discrepancies if needed.

Senior Accountant at Khaled Foudah Group
  • United Arab Emirates - Dubai
  • April 2009 to April 2011

Key Responsibilities:
• Streamlined the preparation of profit and loss statements, balance sheets and other financial reports through utilization of Peachtree accounting software.
• Directed reconciliation of customers and suppliers accounts, and took appropriate measures to adjust discrepancies if necessary.
• Compiled daily receipts and verified transactions with the cash collection total to assess accuracy and completeness of internal controls being used.
• Administered the completion of payments to suppliers and creditors after invoice and documentation verification.
• Managed the monthly and annual inventory counts and made recommendations to higher management for improved allocation of financial resources.
• Collaborated with external auditors to secure precise and complete reporting of transactions.
• Collated and analyzed financial information to post appropriate journal entries through use of Peachtree accounting software for maintaining integrity of business activities.
• Handled the preparation and review of revenue and expense budgets, cost/benefit analysis and management reports to support audit and operational purposes.
• Performed totals of the daily collection and prepared reports to identify changes in economic trends and the business environment.
• Coordinated and managed payroll processing including calculation of overtime payments and tax deductions.
• Accomplished daily deposits for successful account management while assuring affirmation with organizational strategies.
• Maintained petty cash fund for apt and efficient execution of daily functions, procedures and operations.
• Assessed delivery accuracies based on invoices received, and communicated with suppliers for resolving any issues pertaining to product quality or quantity.

Senior Accountant at Computer and Communications Systems (CCS)
  • Palestine - Gaza Strip
  • September 2004 to August 2008

Key Responsibilities:
• Facilitated the audit of daily collection summary prepared by company cashier and checked the amount of deposited funds to ensure that no discrepancies existed.
• Performed periodic site inspections including unscheduled cash counts by the cashier to support integrity of business operations and achieve audit targets.
• Examined audit findings, identified areas of weaknesses and made recommendations to the General Manager and Board of Directors for driving consistent improvement in procedures and processes.
• Audited books of accounts including journals and ledgers to implement effective internal controls for protecting business interests, and to achieve desired key performance indicators.
• Prepared balance sheets, income statements, cash flow statements, financial operating highlights and monthly data sheets to ascertain conformity to regulatory bodies and assist in enhanced allocation of resources and investments.
• Analyzed industry trends and opportunities to prepare short and long term strategies directed towards improving the cost control functions.
• Conducted quarterly and annual inventory counts with the company storekeepers for apt management and control of procurements and resources.
• Confirmed that all payment vouchers were supported with necessary documentation based on organizational internal control rules before approval of disbursements.

Senior Accountant at Sondoka Trading
  • Palestine - Gaza Strip
  • May 2001 to June 2004

Key Responsibilities:
• Managed key accounting functions including preparation of financial statements up till finalization to assess financial and operational effectiveness of business unit.
• Prepared bank reconciliations to achieve minimization of discrepancies to contribute towards the existence of a strong financial infrastructure.
• Handled petty cash disbursements with utmost diligence for fulfillment of department needs and objectives.
• Analyzed financial commitments and obligations to ensure timely disbursements of accounts payable by getting requests for payments approved, preparing payment vouchers, and confirming that supplier invoices and purchase orders have identical contents.
• Processed monthly payroll for staff members while taking into account overtime payments and appropriate deductions.
• Responsible for Accounts Receivable function; preparation of statement of accounts and invoices, receipt voucher issuing, and payment follow ups from clients with the aim of maintaining a stable cash flow cycle.
• Generated monthly reports pertaining to depreciation expenses, monthly schedule of prepaid expenses, monthly profit and loss statements, budgeted expenses for succeeding months, and monthly expenses to highlight variances in actual and projected performance, and to obtain accurate financial status of operations.

Education

Bachelor's degree, Accounting
  • at Al-Azhar University
  • February 2002

بكالوريوس محاسبه 4 سنوات

Specialties & Skills

Accounting
Team Management
Project Management
Microsoft Office
Management
Proficient in Ms Office, Tally, Peachtree and Other Accounting Softwares
Analytical Ability, Critical Thinking, Decision Making and Problem Solving, Time Management
Leadership, Team Building, Synergy, Working Under Pressure, Communication, Emotional Intelligence
Cash Collection and Receipt Monitoring, Accounts Payable/Receivable
Cash Flow, Account/Bank Reconciliation, Balance Sheets, Profit & Loss Statements
Budgeting, Expense Controls, Variance Analysis, Accounting Rules & Guidelines
Inventory Management, Monthly Payroll Processing, Petty Cash Control
Site Inspection, Internal Audits, Payment Vouchers, Marketing/ Production Management
Accounting Procedures, Financial Management, Costing, Financial Reporting, Financial Analysis

Languages

English
Expert
Arabic
Expert

Training and Certifications

ACFA ( Arab Certified Financial Analyst ) (Certificate)
Date Attended:
August 2020

Hobbies

  • Reading & football