Sherif Taha Hassan Salem, Senior Accountant

Sherif Taha Hassan Salem

Senior Accountant

Cigalah Healthcare Company (Naghi & Sons Group)

Location
Saudi Arabia - Riyadh
Education
Bachelor's degree, Accounting
Experience
14 years, 7 Months

Share My Profile

Block User


Work Experience

Total years of experience :14 years, 7 Months

Senior Accountant at Cigalah Healthcare Company (Naghi & Sons Group)
  • Saudi Arabia - Riyadh
  • January 2023 to April 2024

• Full responsibility managing closing process and accounting transactions for B/S and G/L Prepare and load Balance Sheet reconciliation.
• Process payroll payments for 30+ employees, accounts payable and full spending cycle.
• Fixed Assets and Inventory accounting and warehouse accounting management.
• Financial Analysis, Variance Analysis and Operational Expenditure (OPEX) was able to reduce general expenses by 15%, Accounting Management (Management Reporting).
• Monthly reconciliation debit note-Payables related account.
• Prepare monthly VAT report (foreigner or domestic purchase).
• OTL compliance and GPRR accounting and management controls.
• Support documentation and update of financial policies and procedures.
• Manage supplier relationships and related cash flow and forecasting activities.
• Led team of 3 employees to achieve goals through proactive planning, training and qualified them to work in less than 2 months.

Branch Accountant at Cigalah Healthcare Company (Naghi & Sons Group)
  • Saudi Arabia - Riyadh
  • May 2014 to December 2022

• Daily review of AR & TCS ageing identifying risky customers in terms of long overdue amounts.
• Chasing overdue invoices by phone, email and messaging within agreed timelines.
• Coordinate and resolve various issues with bank such as cleared check differences, bank fee anomalies, and targeted balance calculations.
• Handle disputed bills and negotiate to bring payment within agreed terms, provide accurate advice on billing queries.
• Respond promptly and completely to both Customers and internal enquiries.
• Handling more than 250 customers monthly, making sales invoices and returns on sales, in addition to returning expired goods in accordance with agreements concluded with them.
• Providing ad-hoc reporting as and when requested, post payments to accounts and allocate as required.
• Undertake accounts reconciliations, Ensure monthly processing deadlines are met as required.
• Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements, etc.
• Reconciling processed work by verifying entries and comparing system reports to balances.
• Maintaining historical records.
• Paying employees by verifying expense reports and preparing pay checks.
• Preparing analyses of accounts and producing monthly reports.
• Provide cover for other accounting functions as requested.
• Other duties as delegated from time to time by Group Finance Manager or any other person designated in their absence.

Treasury Accountant at Cigalah Healthcare Company (Naghi & Sons Group)
  • Saudi Arabia - Jeddah
  • June 2013 to April 2014

• Ensuring that all Accounts Payable-related transactions are performed in compliance with adopted external standards as well as Cigalah's accounting policies and procedures.
• Reconciling bank statements, paying all expenses, preparing debit and credit vouchers, making payrolls, preparing all journal entries related to petty cash expenses for sub-ledger.
• Managing payments based upon their priorities to ensure availability of cash required to cover them in timely manner. Ensure effectively and timely reporting on treasury-related activities to Treasury Manager.
• Under supervision of Treasury Manager and CFO, evaluate and determine company's short term and long-term funding needs and report on regular basis; this will include LC and LG requirements, bank facility management, monitoring maturities, repayments, cancellations, etc.
• Act as main custodian of Cigalah's cheque books.
• Direct and validate disbursement of all funds and payments for company, as required.
• Manage Cigalah's cash flow forecasting process, in collaboration with Treasury Manager, by estimating cash inflow & outflow over defined period(s) (covering immediate, short term and long term).
• Performing any other related duties as assigned by direct supervisor.

Tax Accountant at Stone Company Onix for Marble and Granite
  • Egypt - Cairo
  • May 2012 to May 2013

• Managed documentation to support tax reporting activities.
• Review tax calculates according to prescribed rates, laws, and regulations by required deadlines.
• Generated financial reports, returns and payment receipts for tax audits.
• Reconciled tax accounts with balance sheets and tracked pending taxes against submitted payments.
• Provide guidance to Accounting and other departments on any required tax adjustments.
• Cooperates with tax advisors in order to optimize tax burdens.
• Provides financial accounting staff with technical tax advice and assistance.
• Liaise with tax authorities and negotiates with tax officials at tactical level.
• Pro-actively identify weaknesses in current processes and identify solutions, to ensure that tax processes are in place and deliver correct output.
• Operated accounting software to process claims and refunds with tax authorities.
• Track legislative changes and pro-actively inform HQ tax team and business units regarding any new developments in terms of tax law and tax considerations.

Auditor at Ismail Mohamed & Mohamed Ismail & Co. Public Accountant
  • Egypt - Cairo
  • October 2009 to April 2012

• Carried out thorough reviews of documents and completed accurate audit reports for many companies in multiple sectors such as pharmaceutical, tourism, contracting and many other sectors.
• Participating in preparing budgets and various tax declaration such as VAT, sales tax, income tax, property taxes and capital gains tax for many companies.
• Perform audit testing procedures as documented in Audit Program and document results.
• Identify and document control & process weaknesses noted during fieldwork phase and provide evidential support for audit findings.
• Maintain professional working relationship with audit clients which allows for accomplishing desired goals of IA plan on timely basis.
• Conduct follow-up reviews of audit findings with audited entities to verify whether corrective actions were implemented within agreed time frame.
• Organize and reference work papers in accordance with established audit standards.
• Keep abreast of new Auditing techniques and technologies.
• Investigated suspected cases of fraud and theft involving small numbers of transactions or complex systems.
• Undertaking special tasks as assigned by Line Manager.

Education

Bachelor's degree, Accounting
  • at Cairo University
  • May 2009

Bachelor’s Degree Major Accounting

Specialties & Skills

Cooperation
Leadership
problem solving skills
Teamwork
Communications
Finance management
GAAP understanding
MS Office Suite
Financialreporting
SAP expertise
ERP software
Accounts Payable and Receivable
Account reconciliation
Bookkeeping
Budget analysis

Languages

Arabic
Native Speaker
English
Expert
German
Beginner

Memberships

Tersana SC
  • Membership
  • February 1996

Training and Certifications

International Computer Driving Licence (ICDL) (Certificate)
Date Attended:
November 2011

Hobbies

  • Spending time with my family and friends
  • Fitness and sports
  • Reading historical books
  • Traveling
  • Playing Chess