Chief Accountant
شركة عبد العالي العجمي
Total years of experience :17 years, 3 Months
Abdul-Ali Al Ajmi Company - Kingdom of Saudi Arabia
Notable Achievements:
▪ Established from scratch fully functional and integrated procedures that advanced efficiency and contributed
positively to the financial bottom-line of the organization for critical business operations as under:
✓ controlling assets (spare parts| inventory| equipment| cars) ✓ daily expense cash management
✓ account receivable and account payable reconciliation ✓ developing Oracle Financial reports
▪ Led and trained a team of accountants to optimally use Excel for advancing efficiency by outlining and remediating
issues in a timely manner, and minimizing time required for conduct of accounting/ reporting procedures.
▪ Contributed significantly towards the Social Responsibility program of the organization - trained graduates of Saudi
Universities on all aspects of financial management, including practical training on accounting work.
Key Responsibilities:
▪ Commanding the development and conduct of accounting activities and procedures which include the production
of financial statements/ reports in addition to maintaining various books of accounts in line with IFRS and GAAP.
▪ Formulating annual budgets for various operations, identifying cost-centers, deploying financial models and
streamlining processes to minimize daily expenditure and enhance the operational efficiency.
▪ Establishing a positive cash cycle by managing payables, receivables and stocks; expedited processes to receive
payments on time while facilitated timely payments to creditors as per organization’s payment policy.
▪ Recommending strategies to optimize cash flows, monitoring financial position in line with the set targets/ budgets;
outlining variations and advising management on progressing financial structures within the organization.
▪ Establishing high quality operations for bank reconciliation, accruals, prepayments, including month-end closings;
exploring various cost-saving opportunities to positively impact the bottom line of the organization.
▪ Producing reports that highlight the overall financial position of the organization and routinely presenting the same
to senior management to aid in business planning and forecasting.
▪ Representing key finance liaison to all internal and external stakeholders; addressing financial discrepancies by
presenting the best possible solution and expertise that aligns with organization’s vision, mission, values, and goals.
Played a significant role in establishment of De powder commercial group - devised work policies from ground-up
and established robust documentary mechanism for efficient management and reporting.
▪ Produced reports exhibiting the financial stability/ liquidity/ growth of the group and presented the same to senior
management to aid in strategic business planning and tactical decision making.
Key Responsibilities:
▪ Provided financial planning, reporting, and analytics support in order to achieve business and financial objectives
while ensured the vision aligns with the firm’s overall objectives
▪ Managed finalization of year-end financial statements; scrutinized figures, general ledger posting and other relevant
documents for accuracy and conformance to applicable accounting standards and principles.
▪ Devised budgets and forecasts based on business performances; analyzed facts and figures to compute complex
projections as well as determine valuation under various circumstances.
▪ Prepared a range of financial and management reports and routinely presented the same to senior management to
keep them updated on progressing financial structures of the organization.
▪ Developed a team of qualified professionals; maintained department productivity and met all deadlines by assigning
duties effectively as well as providing support on all aspects of financial decision making.
Assumed total responsibility for maintaining overall financial health of the club - established roadmaps for
documentary course for efficient management of club’s assets.
▪ Played a critical role in aligning finance reporting operations with GAAP and guidelines issued from the International
Football Association a prerequisite for enrolling the club at foreign competition (at level with Asian Continent).
Handled effectively the most crucial aspect of accounting i.e. recognizing player’s rights as intangible assets.
Key Responsibilities:
▪ Responsible for improving the fiscal performance of the club by planning, budgeting, forecasting and strategizing
finance process improvements.
▪ Devised and forecasted financial goals and budgets, developed work policies including short/ long term plans while
deployed actions that are consistent with club’s growth strategy.
▪ Analyzed the club’s financial performance in line with set targets and budgets; established trends, identified
deviations and suggested corrective actions to attain desired results.
▪ Summarized financial information from club activities into financial statements, reports as well as prepared detailed
schedules and narratives as per all accounting standards and principles.
▪ Offered integral support to Management in ensuring the financial function of the organization is streamlined,
efficient and complies with all regulatory requirements and generally expected internal controls.
Successfully transformed manual operations into Al-Ameen Accounting and Documentary Program thereby
achieving improved control over purchases and stocks of medical materials while reducing cost of materials by 34%.
Key Responsibilities:
▪ Served as an expert source for all finance issues including full accountability of producing balance sheets, income
statement and cash-flow statements with quality, accuracy and conformance to chart of accounts.
▪ Involved in financial planning, budgeting, and forecasting; applied various financial models/ techniques while
developing strategies to maximize success of finance management initiatives.
▪ Fostered appropriate control levels, established best practices for cost systems and implemented tight processes to
optimize dispensary’s cash position.
▪ Regularly updated senior management on financial progress, potential issues, key risks, and their control factors -
prepared a range of documents/ reports/ submittals for strategic analysis and interpretation.
▪ Worked successfully with co-workers as well as independently in order to achieve and exceed key performance
indicators in all areas of financial administration, accounting, and reporting operations.
Developed audit objectives and risk assessment methodology while governed best practices, and fostered
appropriate control levels for a range of private sector companies operating in diverse industries.
▪ Planned and performed financial/ tax audits - examined the accuracy, effectiveness of accounting and tax reports
while certifying they comply with applicable tax laws and Government regulations.
▪ Examined all financial records/ statements/ procedures to verify accuracy, detect fraud and identify risks; produced
audit reports with observations and full recommendations for improvisation and risk compensation.
▪ Fostered an effective internal control system by monitoring key operations/ processes to enhance efficiency, upgrade quality, and ensured strong business ethics and standard code of conduct