Financial Controller
TEAMAC ARABIA
Total years of experience :20 years, 9 Months
• Costing and budgeting of ongoing and new project, to match with accurate revenues.
• Monitor Project wise Account receivables with correct closing accordingly with clients purchase orders and it variations.
• Monthly closing of Stock inventories ensures correctly reflecting in accounting system and in warehouse.
• Prepaid expense amortization and accrual expense and other adjustments if needed.
• Follow Business provision of assign contracts to ensure compliance with contractual terms and conditions.
• Monitor Project expenditures v/s Project cost / Budget limitations.
• Furnishes business and financial information requested by the client, as delegated by the Project Manager.
• Prepares letters to clients notifying them of contract cost limitations and requirements for additional funds.
• Ensue timely collections with in assign credit days, Customer’s LC Documentation and submission for encashment, also process LCs for Supplier with agreed banking terms..
• Negotiate and process payment to Intl suppliers Honeywell, Hochiki, Dwyer, phoenix, Greystone etc., ensure scheduled Material shipments for ongoing projects.
• Clearance of intl shipments for regulated items, their HS codes, BOL, commercial invoices, Saber/Intertek conformity certification, custom duties and coordination with clearing consultant.
• Examine GL Reconciliation, Monthly Payroll & Accruals, Dep schedules, Fixed assets. Cash flow, Financial Analysis.
Worked for Multiples companies, AISC (Arabian International Services Company) and
AAA (Arabian Auto Agency)
www.zms-group.com
Responsibilities
• Liaising with various stakeholders including internal and external business partners and internal auditors;
• Banking interface and cash flow forecasting;
• Ensuring compliance with required financial and accounting controls in allocated branches;
• Setting of revenues, yield and volume targets concerning with sales of branches;
• Analyzing revenue and expenditure trends and recommend appropriate budget levels;
•Finalize Quarterly MIS and financial Reports with Financial analysis, indicating KPI (Key performance indicators), variances with comparison of budget, forecast and last year Performance.
• Assisting CFO in Consolidation of Group Financial Statements, income statement and Balance sheet and Identify elimination of Intra-group transactions.
• Ensure quarterly submission of VAT to Saudi GAZT, with accuracy of input and output vat figures.
• Timely invoicing to all customers and ensure collection with in assigned credit days/credit limit.
• Weekly and fortnightly review of all customer’s sales/credit limits and collection ratio to identify risk factors.
Finalizing weekly closing of sales, refunds / BSP reconciliations with internal accounting system;
• Ensuring error free data capturing of Cathay Pacific counter sales and refunds;
•Verifying reconciliation of daily cash and credit card sales of all AISC CX branches Jeddah, Riyadh, Dammam;
• Examining and reconcile all payments to AAA suppliers (like IVECO, Kawasaki, Case NewHolland, Sumitomo, Intl Trucks, Eaton etc). staff payrolls, and external parties with general ledger, account payables ageing;
•Controlling and timely check of automotive spare parts stock inventories at retail stores and warehouses across the kingdom.
• Preparing monthly and quarterly MIS reports in accordance with internal accounting system; and
• Preparing inter-branching transaction, monthly accruals, depreciation schedules in accounting system and timely reconciliation.
Achievement
• I joined this company as an ‘Accountant’ then promoted to Accounting supervisor in 2015.
• Assisting to senior manager finance and administration;
• Overseeing financial analysis, financial audits, general / ledger, accounts receivable and accounts payable;
• Fixed-asset accounting in accordance with ICAP standards;
• Developing and managing external financial relationships (e.g., banks, insurers, auditors, principle);
• Preparing payroll;
• Negotiating the terms of business deals and moves with clients and associated organizations;
• Meeting and interviewing clients; and
• Managing colleagues, workloads and deadlines.
• Performing accounts receivable and accounts payable functions for business to business;
• Reconciling of BSP/non BSP sales and refunds;
• Controlling banks and intercompany transactions;
• Preparing monthly accruals; checks, airlines documentations and finalize sales reports;
• Managing all accounting operations based on accounting principles;
• Preparing budget and financial forecasts;
• Publishing financial statements in time;
• Conducting month-end and year-end close process;
• Collecting, analyzing and summarizing accounts information;
• Computing taxes and prepare tax returns, balance sheet, profit / loss statement etc.; and
• Developing periodic reports for management.
• Maintaining daily cash and bank books;
• Handling accounts receivable and accounts payable functions;
• Preparation payroll or employees;
• Reconciling monthly taxation and e-filings;
• Finalizing fortnightly sales reports of all airlines etc.;
• Preparing accounts and tax returns;
• Administering payrolls and controlling income and expenditure;
• Auditing financial information;
• Compiling and presenting reports, budgets, business plans, commentaries and financial statements;
• Analyzing accounts and business plans;
• Providing tax planning services with reference to current legislation;
• Financial forecasting and risk analysis; and
• Dealing with insolvency cases.
• Familiarizing with the clients in addition to maintaining and developing good relations by giving maximum importance to clients;
• Acquiring ability to lead the audit teams so that financial systems can be tested for ensuring high quality of systems;
• Learning the proper functioning of audit programs that are approved by the organization;
• Carrying out fieldwork properly and documenting all the information related to these field work as per the quality standards;
• Reviewing of tax filings (direct tax, value added tax - VAT, indirect tax etc.) for completeness, accuracy and proper reporting;
• Drafting letters and report to the managers of the organization;
• Identifying the problems and risks for assessing the reporting systems of the company; and
• Paying attention to all the details associated with the job of an audit trainee.
MAJOR SUBJECTS, ACCOUNTING, BUSINESS MATHS, BUSINESS COMMUNICATION, STATISTICS, AUDITS, MANAGEMENT, IT
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