Chief accounting
Saudi Binladin Group
Total des années d'expérience :20 years, 11 Mois
Direct all activities relating to external (banks and lender) and internal (board and management) financial reporting, accounting research, accounting policies and external and internal auditor coordination.
Follow up With GAZT Regarding company VAT Readiness and submitting Zakat/Tax return on ERAD
- prepared monthly financial statements and assisted management team in financial and functional expenditure analysis
Drove a 40% cut in the cost of un effective project staff and a 30% cut in the overhead cost .
Key Achievements
Responsible for:
Monthly financial reporting to management team and Board.
Quarterly financial reporting to CPC management, including monitoring compliance with covenants and reporting packs.
Researching and developing all accounting positions and policy.
Responsible for budgeting and forecasting of the balance sheet, as well as certain P&L and cash flow items.
Active management of overheads whilst seeking out areas for efficiencies for savings
Ensuring that vision has very strong internal financial and accounting controls.
Establishing the agenda for Audit Committee Meetings, providing effective tools to monitor the overall internal control environment as well as key financial estimates, policies and procedures.
Coordination of the annual audits and preparation of the annual financial statements.
Separation of Legal Entities - Vision’s structure consists of in excess of 6 individual legal entities. There are many intercompany allocation agreements that need to be accounted for and reviewed.
Coordinate separate company reporting procedures to ensure that the integrity of Vision’s complex legal structure is maintained, and to ensure that transactions across the group are properly reflected for GAAP and Zakat & tax reporting.
Effectively manage the working capital components of the Company with specific attention to inventory levels, debtors and cash balances.
Report the fiscal profit/loss incurred on yearly or weekly basis (Stand-alone, Consolidation).
Preparing the consolidated financial statement to vision group.
Preparing a financial analysis model to all subsidiaries.
Propose an annual budget based upon organizational goals and the planned targets of production in the guidance of the manager.
Prepares budgets by establishing schedules; collecting, analyzing, and consolidating financial data; recommending plans.
Setting and checking targets and monitoring the performance of each department/Project within the business in line with their set budgets.
Achieves budget objectives by scheduling expenditures; analyzing variances; initiating corrective actions.
Manage the cash flow and supervise over the financial transactions within and outside the company
Main.
Prepare Project Cash flow statements.
Provides status of financial condition by collecting, interpreting, and reporting financial data.
Plan a strategic and long term business plans in support of the financial manager and the board of managers (STEP system).
Monitoring of Payables and Payments to Suppliers and Subcontractors.
Providing the reports to the financial manager and ensure to meet deadlines through the staff.
I was responsible for ensuring the timely, proper and accurate preparation of financial statements for the purpose of measuring and auditing the financial performance of the company. I Develop and Implement Accounting Policy for Argonaut and analyze potential impact on the company’s financial reporting from any changes to accounting standards.
Supervised a staff of four in carrying out the accounting function for this corporation with 40 employees and $1million in revenue. Managed accounts payable and receivable, payroll and general ledger maintenance.
Handled account reconciliations, month-end closings and financial statement preparation and analysis. Developed forecasts and budgets and tracked, investigated and resolved variances.
Produced a cut of 5% in the overall Accounting Department budget by converting the company’s manual accounting approach to a computerized system.
Key Achievements
Preparation of Monthly Financial reports to management and the board.
Internal Controls and Procedures - Chairing the Audit Committee Meetings including establishing agenda to provide the Committee with an effective tool to monitor the overall internal control environment as well as key financial estimates, policies and procedures. Developing accounting procedures, controls and reconciliation procedures within and outside of accounting Department.
Direct the major accounting functions - financial reporting, G/L management, balance sheet analysis, general accounting, revenue accounting, fixed assets, and internal control.
Ensure integrity and adequacy of the company's financial systems (Infinity ERP). Further optimize and integrate current accounting systems; evaluate systems requirements and proposing improvements, as necessary.
Ensure compliance with, and assist with strategic direction regarding implementation of, GAAP reporting requirements.
Ensure that all corporate accounting and financial policies, procedures and controls are applied on a consistent basis
Build a high-class accounting team.
Responsible for accounting activities relating to provide financial accounting, reporting, monthly journal entries, financial reporting, annual plan development, forecasting, variance analysis, balance sheet account reconciliation, inventory tracking and analysis (finished goods, repair parts, and operating supplies).
Key Achievements
Responsible for accounting activities relating to the maintenance of a complete and accurate general ledger and the resultant managerial reports and financial statements.
Classifies, examines and analyzes accounting records and prepares related financial reports and statements.
Prepares standard and specialized financial reports (e.g. balance sheets, income statements, monthly closing reports) according to Generally Accepted Accounting Procedures (GAAP) or other regulatory requirements.
Plans, monitors, directs and controls the system of accounting and fiscal procedures, including payroll, accounts payable, accounts receivable, billing and collections
Oversees reconciliation of monthly checking account statements performed by staff
Oversees administration of petty cash accounts
Manages collections process to ensure timely receipt of payment
High degree diploma in cost accounting "cairo university "