أمجد Rahim

Manage the Fixed Assets ledger and ensure the accurate recording of acquisitions, disposals, and
depreciation.
Addition/approval of new fixed assets.
Monthly Depreciations / Amortisations.
Conduct regular audits of fixed assets to ensure compliance with company policies and IFRS.
Assist in the development and implementation of fixed asset policies and procedures.
Collaborate with the operations team to optimise asset utilization and lifecycle management.
Prepare monthly reports on fixed assets (Sensitivity Analysis) and provide insights for decision-making.
Coordinate with external auditors during financial audits regarding fixed assets.


Successfully made required corrections in the SAP Fixed Asset Module (FI-AA) module (in collaboration with IT Team ) to
reflect the correct impact on depreciation when additions on an existing asset with no change in useful life, which resulted in
correct monthly depreciation during my tenure in SITE.

Reporting to Finance Manager & Deputy CEO │ Responsibilities are:

Prepare monthly reporting packages for multiple entities.
Prepare Consolidated financial statements and ensure its timely statutory audit completion.
Manage & process Powerhouse Company Payroll / GOSI, EOS, Manage Mudad Compliance Portal.
Vendor payments for Powerhouse Company Ltd & Sons of AZAQ Ltd.
Monthly withholding tax calculations & payment to ZATCA
Quarterly VAT calculations & filing, processing Payment to ZATCA.
Prepare annual budgets.
Monthly banks, accounts payable reconciliations.
Prepare provisions and end of service entries.
Responsible for maintaining the general ledger, accounts payable & receivable, and all other requirements for monthly closing.
Petty Cash management / reconciliation & reimbursement.
Yearend actuarial data submission & any required adjusting entries.
Cash Flow preparation, analysing monthly cash requirements & arranging required cash from parent company.
Fixed Assets register management, Additions, running asset depreciations, recording disposal.
Yearly timely closing financial & getting financials audited.

Reported to Sr. Finance Manager │ Responsibilities are:

 Manage bank facilities for more than ten banks for three companies.
 Coordinate and support the execution of payments for debt servicing, principal repayments, commitment fees, brokerage fees and other debt management related payments.
 Monitor loan portfolio and report to the management for periodic rollover or repayment and coordinate/instruct banks the same.
 Prepare documentation for new financing arrangements. Support Senior Finance Manager in coordinating with various internal and external stakeholders while assessing and finalizing new loan agreements.
 Bank accounts reconciliation.
 Support the Senior Finance Manager in forecasting future financial position and decisions on re negotiating facilities on renewal.
 Manage required cash for banks debt servicing / interest brokerage payments & give inputs for monthly cash flows.
 Address KYC, FATCA, CRS requirements to keep accounts updated & operational.
 Inter Company Reconciliations.
 Collateral shares transfer / adjustments as per loan facilities.

Reported to Head of HR │ Responsibilities were:
 Preparing monthly Payroll for Ingeus and Lincoln College staff.
 Reviewing monthly time sheets & making unpaid deductions for absenteeism & lateness as per company policy after coordinating with line managers.
 Making monthly payroll RUN in Mena Pay for staff payroll after adjusting any new hired resigned/terminated. Increments, absent & other deductions, bonus, overtime payments.
 Prepare WPS & TT transfer files for bank upload for salaries transfer.
 Getting WPS file uploaded on MOL after payroll transfers.
 Assist finance team in Payroll, Vacation, Indemnities journals.
 Reconcile salaries with previous month & budget.
 Calculation & settlement of vacation salaries.
 Calculation of final settlements of resigned/terminated employees as per KSA labour laws, communicating on entitled awards & getting their confirmation & ensuring payment in a timely manner.
 GOSI monthly reconciliation with GOSI invoice & Payroll Sheet & processing GOSI payment.
 Keeping monthly provisions indemnities, vacation, tickets accruals up to date, extracting data from HRMS & providing finance for their monthly journals.
 Taking care of staff health insurance policy, adding new joiners to insurance removing resigned in timely manner.
 Yearly negotiation with insurance companies for health insurance, getting quotes, negotiating on price & benefits & finalizing the health insurance each year. Successfully negotiated a 3% reduction in health insurance policy 2017-18.
 Quarterly payment for health insurance after reconciliation of any employee upgrades deductions.
 Forecasting vacation consumption & reviewing forecast Vs actuals. Liaison with Deputy Operations Managers on their staff planned vacations.
 Monthly reports to management on Employees Turnover, FTE (Head Count), Vacation balances.
 Coordinated on SOX audit for HR functions / segregation of duties & user access rights in HRMS.
 Participated in development of performance evaluation system in Mena-Itech.
 Liaison with employees for Per Diems, Expense claims, any other queries related to their salaries& use of Employees Self Service (Mena ME).

• Preparing weekly Aging Report.
• Preparing Payments for assigned brands on timely basis.
• Booking payments in system ( Oracle )
• Reconciling Brands /Vendors ( Aldo, Marks & Spencer, Lasenza, GAP )
• Liaison with Retail Groups in Balkans, Mena, USA & other regions.
• Prepare payments on behalf of Retail Groups.
• Monthly reconciling with Retail Groups / Inter Company Reconciliation.

Reporting to Chief Accountant │ Responsibilities were:
 Budgeting for assigned fashion brands & rolling forecasts.
 Reporting (Preparation of Monthly/Quarterly/Half Yearly/Yearly project Reporting packs)
 Treasury Liaison
 Supplier issue resolution.
 Preparing weekly Aging Report for brands assigned (vendors aging) .
 Preparing Payments for assigned brands / suppliers on timely basis.
 Monthly reconciling with Retail Groups / Inter Company Reconciliation.

Reported to Finance Manager │ Responsibilities were:

 Making monthly payroll RUN in SAP after adjusting any increments, GOSI, absent, late arrival & other deductions, overtime payments.
 Calculation & settlement of vacation salaries in collaboration with HR assistant.
 Calculation of final settlements of resigned/terminated employees.
 Maintaining & updating personnel files for the employees.
 Updating monthly salaries and social Insurance (GOSI) in SAP
 Monthly salaries reconciliation & GOSI reconciliation.
 Properly follow up with the customers for collection and managing ageing analysis of customers.
 Verifying of the payments to the suppliers.
 Preparing payment schedule on monthly basis, monitoring upcoming payments and paying on timely basis.
 Manage petty cash.
 Preparation of Accounts up to Finalization.
 Reconciling vendor Payable Balances (Sundry Creditors Accounts)
 Preparing petty cash reimbursements through checks for branches on Imprest basis.
 Daily POS reconciliation with system, making any corrections entries & posting in system.

Reporting to Finance Manager │ Responsibilities were:
 Multiple Branch Account Management
 Branch Internal Audit
 Payable Management
 Monitoring and Re Imbursement of petty cash expenses of Regional Offices.
 Preparing and posting Bank Payment Vouchers, Bank Receipts & Journal Vouchers in Sun systems Financials (ERP).
 Checking & processing staff salaries, preparing wire transfers for salaries.
 Responsible for Weekly aging report for vendors & ensuring payment on due dates.
 Uploading salaries JV in ERP after monthly adjustments.
 Monitoring company banks & monthly bank reconciliations for company bank accounts.
 Preparation of checks for vendors and fund transfer instructions for employees.
 Recording monthly expense allocation relating to prepaid rent, Monthly Utilities, Petty Cashes for regional offices.
 Accounts preparation up to Finalization
 Cash / Cheque Disbursement
 Bank reconciliation Statement.

Worked as Accountant in BetterTon FZE, RAK UAE from August 5, 2007 to Dec 15, 2008. Job Responsibilities Included

• Updating Chart of Accounts.
• Preparation of Invoices, Payments, Checks.
• Preparing monthly overtime for employees.
• Recording Invoices, Payments & Inventory in Accounting System.
• Analyzing & reimbursing petty cash claims.
• Maintenance of Employees’ Petty Cash Records in System.
• Reconciling Sundry Debtors and Sundry Creditors Accounts.
• Closing & Adjusting entries of Accrued & Prepaid expenses
• Managing Funds for Inventory purchases, Administrative Expenses, Payroll.
• Monitoring inventory in collaboration with site operator.
• Closing Accounts.