Chief Accountant
Saudi Technology Lube Oil Plant
مجموع سنوات الخبرة :14 years, 7 أشهر
Preparing and monitoring 2021 Budget.
Preparing financials of 2 plants (Refinery and Lubricants & grease production units) on a quarterly basis to group CFO.
COGS & Profitability analysis for each SKU.
Reconciliation of group related parties.
Evaluating and pricing of job orders before approvals and production.
Vat return filling on a monthly basis.
Loans following up (SIDF & Banks).
Preparing procedures for accounting department (Physical count, credit facility, Sales Cycle & RTP; Request to payment procedures).
Redesign the chart of accounts and data immigration for new ERP System.
Supervise and train a team of 5 accountants.
Ensure accuracy of the physical inventory and reported results. Investigate and explain book to physical adjustments.
Perform audits of bills of materials to ensure product costs are accurate and accounted for properly. Report audit results monthly.
Ensure timely and accurate input of bill of material and price code changes.
Analyze variances and communicates explanations to management with recommended actions.
Prepare forecasts of income statement, balance sheets, and statement of cash flows for the Plant.
Monitor and implement plant internal controls (in conjunction with corporate policies) as necessary to ensure reporting integrity, safeguard company assets, and identify risks.
Manage month-end closing and prepare monthly financial statements and other operational reports for site.
Sales & inventory report on a weekly basis.
AR aging report on a weekly basis.
Commission report on quarterly basis.
Responsible for all inventory transaction receiving & issuing.
Monitoring the dates, pesticides & fertilizers, packing materials and irrigation materials inventories.
Developing inventory analysis reports and analyzing variances.
Assisting in the improvement in internal controls related to inventory.
Reconciling inventory accounts to the general ledger.
Preparing monthly journal entries as needed.
Costing the dates received from factory after sorting or packing.
Withholding tax on monthly basis, VAT filling to GZAT Quarterly basis.
* Responsible for all Accounts Payable processes.
* Ensured input and timely payment of all vendor invoices.
* Process and fulfill check requests and wire transfers.
* Coded the general ledger and processed vendor invoice payments.
* Process and audit of Employee Expense reports.
* Resolves collection and invoice discrepancy matters.
* Work closely with Auditors during bank and yearly audit.
* Verified details of transactions, including funds received and total account balances.
* Coordinated approval processes of all accounts payable invoices.
* Researched and resolved billing and invoice problems.
Prepares balance sheet, profit and loss statement, amortization and depreciation schedules, and other financial reports .
Follow-up twelve bank account and make the reconciliations every month .
Follow-up loans and payable interests .
Follow-up real estate deeds submitted to the bank against loans and refunding them after loan payment .
Follow-up the projects (19 Project) with the contractors and review the extracts submitted by them according to the value in the contract .
Monthly report to the engineering department with the amount transferred to the contractors for the calculating the project achievement ratio to report to the general manger .
Follow-up and recording the daily operations of the investment department in terms of sell and purchase in stock market exchange to conform the balance monthly with the invested companies .
Preparing and reviewing entries and posting them in general ledger manually or by the computerized accounting software
Settlement of employee' accounts and preparing end services remuneration and allowance for vacations .
Follow-up the withdrawals of the board of directors to report it monthly to the general manger .
Administer the monthly payrolls and handle cash custody and Petty cash .
Follow-up and safeguarding the assets of the company and calculate the depreciation for each asset as per ratio .
Carrying out and undertakes other similar duties and assignments as required and directed by General Manger or chief accountant .
In charge of following up three orders of Thobe fabric: (2) Korea - Shin Woo Moda . Co, (1) Japan- Conquest LTD .
Follow-up consignments, reviewing vouchers, settling the cost of these consignments and setting the appropriate selling price according to profit ratio agreed by both Management and sales manager after adding insurance and customs .
Follow-up suppliers' financial matters including fixing amounts, and making order of transfers when due .
Entering purchases orders to the accounting ‘’great plans’’ software .
Follow-up consignments until delivery at warehouses and receiving the delivery receipt from warehousemen .
Working as a link between the company and suppliers in case of occurring any financial or other problems .
Follow-up the suppliers' commitment to schedule of monthly and yearly quantities.
Follow-up the commitment of Douglas factory staff (a factory of Ajlan& Bros) to the agenda and the achievement of tasks assigned to them .
Conformity of factory's balances with Department of Accounts in Head Office in three months basis .